Workers Compensation
Paycor | September 18, 2023
LaborIQ, an emerging tech firm specializing in market compensation software, and Paycor, a prominent supplier of human capital management (HCM) software, have unveiled a referral partnership aimed at assisting HR leaders in talent recruitment, management, compensation, and professional development with market-competitive salary insights for all job roles across the US.
The strategic referral alliance is geared towards equipping Paycor clients with the most competitive salary recommendations tailored to today's job market demands. Additionally, it offers solutions for employee retention, fostering growth within their organizations. Claudine Zachara, President & COO of LaborIQ, expressed her delight in partnering with Paycor, acknowledging their dominant position in HCM solutions for HR teams.
She stated,
LaborIQ’s compensation software, together with Paycor, creates an advantage for companies who need today’s answers for reducing pay gaps and hiring. Technology, methodology and speed have significantly evolved in the HR tech space.
[Source: BusinessWire]
Paycor clients will now enjoy exclusive advantages from LaborIQ's software. This collaboration offers unrestricted access to salary recommendations and pay benchmarks for a vast database of over 20,000 job positions.
About LaborIQ
LaborIQ is at the forefront of modernizing how US organizations access market-competitive compensation recommendations. The company believes that to compete for talent and achieve success, organizations must have access to unparalleled salary data quality, supported by rigorous labor market research, analysis, and validation. LaborIQ empowers HR teams to expedite hiring processes, reduce turnover, and ensure precise compensation decisions, earning the trust of thousands of users who rely on them for salary recommendations, pay gap closure, and streamlined pay transparency strategies.
About Paycor
With over three decades of experience, Paycor has established itself as a leader in human capital management. The entity’s HCM platform revolutionizes all facets of people management, encompassing recruitment, onboarding, payroll processing, career development, and talent retention. What truly distinguishes Paycor is its unwavering focus on leaders, stemming from more than 30 years of listening to and collaborating with leadership teams. This extensive experience has equipped Paycor to understand leaders' unique needs, resulting in a unified HR platform with seamless integration capabilities, robust analytics, talent development resources, and adaptable technology tailored to meet specific industry requirements. Trusted by a community of over 30,000 customers, Paycor is the preferred partner for addressing HR challenges and achieving organizational goals.
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Workforce Management
Lattice | September 22, 2023
Lattice, an innovator in people management software, has announced the introduction of Lattice HRIS, a cutting-edge human resources information system designed to oversee employee records seamlessly and integrate with Lattice's existing suite of talent products. This integration empowers customers to analyze vital metrics, unearth invaluable insights about their workforce, substantiate the success of their HR initiatives, and automate change management processes throughout their organization.
Lattice HRIS has been developed to assist growing enterprises in linking essential performance, engagement, compensation, and employee development initiatives with the data, policies, and procedures essential for their triumph. Companies can join an exclusive early access program waitlist today, affording them the opportunity to explore Lattice HRIS and provide input on the product prior to its public release next year.
Jack Altman, CEO and co-founder at Lattice, shared his perspective on this milestone, stating,
Lattice has spent eight years building products that assist HR leaders create enhanced employee experiences to build more meaningful careers, from performance management to employee engagement surveys to career development to compensation management — all based on the idea that people are the central asset for any company.
[Source – Cision PR Newswire]
He added that they had identified an opportunity to build upon the achievements of their talent suite and establish connections between high-impact talent programs and the necessary policies, documents, and reporting tools required by HR leaders to obtain a comprehensive insight into their employees. He noted that the initiative also aimed to streamline their HR technology stack.
A recent survey underscores the growing desire among CEOs for HR to assume a central role in their businesses, with 90% expressing this sentiment. However, only 45% reportedly believe that they are effectively nurturing conditions for HR's success. As a result, HR leaders are actively seeking innovative HR tools that will position their teams for success, elevate performance, and drive business outcomes while supporting the growth and engagement of employees, managers, and teams.
As the first HRIS in the market to operate alongside a top-rated, adaptable talent management suite, Lattice stands uniquely positioned to deliver an HR platform tailored to the needs of today's strategic HR leaders. Lattice HRIS empowers HR teams to enhance efficiency, effectiveness, and excellence across their organization through features that enable them to:
Facilitate seamless onboarding experiences that not only ensure the capture of accurate employee information but also empower employees to hit the ground running on their respective projects.
Analyze people metrics with precision, enabling HR leaders and executives to save, schedule, and share crucial people-related reports.
Enable teams to track and manage attendance, holiday calendars, and leave effectively, with intuitive visualizations of time off balances to proactively address burnout.
Visualize, compare, and unearth actionable people insights that inform strategic decision-making, enhancing employee engagement, reducing turnover, and advancing diversity initiatives.
Seamlessly integrate with globally renowned payroll, hiring, benefits, and identity management companies, guaranteeing a seamless HR experience that caters to the comprehensive needs of HR teams.
Construct workflows that automate employee communications and mitigate change fatigue by ensuring the right information reaches employees at the right time.
Sarah Walker, who serves as the Head of People at LTSE and has experience as a Lattice HRIS beta user, emphasized the significant potential for transformation offered by Lattice HRIS. She observed that integrating strategy and performance is the pivotal role HR can fulfill within a company. According to her, there is a need to establish greater efficiencies to support the efforts of their people leaders in this regard. Sarah Walker pointed out that Lattice HRIS provides a consolidated platform for their people leaders to address these requirements and facilitate the deeper integration of HR into the business. Mid-sized US-based entities can now enroll in the early access program.
About Lattice
Lattice's people management platform offers an interconnected and intuitive suite of HR tools designed to drive excellence and nurture people-centric cultures. Combining an HRIS with continuous performance management, employee engagement surveys, compensation management, and career development tools, Lattice's platform empowers HR teams to invest in their people and accelerate business outcomes. With a presence in North America, the UK, and Europe, Lattice serves over 5,000 customers worldwide, including Gusto, Slack, Ramp, Intercom, Tide, and many more. The company has earned a spot on the Inc. 5000 list of the fastest-growing private companies for four consecutive years and boasts a 99% Great Place to Work rating among its employees.
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Workers Compensation
PR Newswire | September 27, 2023
Sequoia, the pioneer in benefits and compensation, announced Sequoia Comp OS™ 2.0 on the Sequoia People Platform. This transformative solution equips companies with real-time visibility and heightened control over their organization's global people spend.
Sequoia Comp OS, which is already used by over 250 Sequoia clients, unifies HR, finance, business leaders, and employees within a single operating system, simplifying the often tedious and frequently spreadsheet-reliant compensation management process. By offering a single source of truth, Sequoia Comp OS allows HR and financial leaders to have the same insights into the past, present, and future of their people spend, enabling real-time adjustments as their workforce and business changes.
Sequoia Comp OS is a modern way for companies to:
Standardize jobs and set pay ranges to establish competitive and equitable pay.
Allocate total compensation effectively for current and future jobs with headcount planning, active hiring plans, and merit cycle planning.
Stay compliant with pay regulations and corporate governance.
Communicate successfully with employees through personalized offers, merit letters, and total rewards statements.
Leverage real-time guided analytics to track global people spend and organizational changes.
In addition, Sequoia provides strategic Compensation Advisory services through their team of compensation experts specialized in helping modern companies. This same team worked hand-in-hand with Sequoia's product organization to design the Comp OS solution so that clients can quickly operationalize their tailored advisory services.
For 22 years, our company has worked with many of the best HR leaders and finance leaders at some of the fastest growing companies in the world. Yet, a very large majority are managing their biggest investment, their people, using multiple disparate spreadsheets and old data, said Greg Golub, CEO & Founder of Sequoia Group. Our solution puts HR and finance on the same page so they can better partner together, spend less time wrangling spreadsheets and more time stewarding the people strategy at their companies. We built it so we could operationalize our compensation needs for our 1,200+ global employee-company and it's been a total game changer for us, so I am excited to bring it to all our clients.
Courtney Cherry Ellis, SVP of People at Auditboard said, "We were able to work with Sequoia as an extension of our team to create a compensation philosophy that made sense for Auditboard and our employees. With Sequoia, we were able to operationalize a fair and equitable pay structure across the company."
Matthew Kennedy, SVP of People at Tonal said, "Our partnership with Sequoia began many years ago through advisory on our executive compensation philosophy, and over the years it has evolved. Sequoia is now a key partner for all things comp and benefits."
We are bringing together data that companies would typically gather from disparate HR tools to provide business leaders with the complete picture around employee compensation and enables them to make executive decisions with confidence, said Kyle Holm, VP of Sequoia's Compensation Advisory. When you can drive the strategy with an operating system, HR and Finance leaders spend way less time crunching spreadsheets and much more time focused on stewarding the people advantage for their companies.
Sequoia Comp OS is available to all Sequoia clients today.
To learn more, visit sequoia.com/comp-os.
About Sequoia
Sequoia is the leader in Total People Investment. We help companies create a people advantage through improving retention, attracting top talent, and increasing people-spend ROI. With expert advisory services across compensation and benefits and a powerful platform, we connect employee total comp programs with insightful people analytics so companies can manage their global people investment in real time to better meet the needs of their evolving workforce. Visit Sequoia.com or follow us on LinkedIn to learn more.
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Workforce Management
Beeline | September 15, 2023
Beeline, a leading technology solutions provider for overseeing the global extended workforce, has unveiled two new products designed to tackle workforce challenges that were previously unaddressed in the industry. These innovations, known as Beeline Professional and Global Workforce Intelligence, represent a significant step forward in the management of extended workforces.
With a wealth of experience spanning over twenty years, Beeline has played a notable role in shaping the evolution of the extended workforce industry. In recognizing two major shortcomings within the industry—vendor management systems (VMS) primarily catering to large enterprises and the untapped potential for talent visibility and compliance—Beeline has launched these additions to the Beeline Extended Workforce Platform.
Beeline Professional has been crafted to meet the specific needs of emerging and expanding extended workforce programs. It stands as the first VMS solution that can be effortlessly activated, featuring pre-configured templates, workflows, dashboards, and reports modeled after the best-in-class programs. Beeline Professional brings scalable extended workforce management, automation, and efficiency to companies with annual non-employee labor expenditures ranging from $1 million to $25 million.
Doug Leeby, Beeline's CEO, stated,
For far too long, extended workforce solutions have catered to enterprises and ignored the unique needs of mid-sized programs. Using insights from over the last 20+ years in the industry, Beeline Professional is uniquely tailored to meet the core needs of mid-sized programs without compromising quality and innovation.
[Source: PR Newswire]
Up until now, achieving complete visibility across an organization's entire extended workforce has been a challenge for enterprises. Global Workforce Intelligence, however, offers a solution by aggregating data not only from the company's VMS but also from other systems housing external workers that are not captured in the VMS. This comprehensive workforce visibility enables thorough accounting, analysis, and proactive risk management across the entire extended workforce spectrum. Importantly, Global Workforce Intelligence is compatible with any VMS, not limited to Beeline's.
Extended workers play a crucial role in an organization's overall workforce and talent strategy. Beeline's mission is to empower companies to gain a competitive edge by optimizing their extended workforce. The introduction of these two innovative products marks another milestone in Beeline's journey toward fulfilling this mission.
About Beeline
For over two decades, Beeline has been a competitive force in empowering global businesses to gain an edge in the industry through effective management of their extended workforce. The Beeline Extended Workforce Platform equips companies with the essential visibility needed to proactively mitigate risks, achieve cost savings, and adapt to evolving business needs.
Beeline specializes in delivering tailored solutions that specifically address the intricate challenges posed by the extended workforce. Clients benefit from a diverse range of Beeline products, designed to cater to their unique requirements. Through seamless integration capabilities, Beeline's clients can effortlessly consolidate their extended workforce data from various technology platforms, including major procurement and HR systems, enabling a comprehensive approach to workforce management.
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