HR ANALYTICS,EMPLOYEE ENGAGEMENT
Workhuman | November 29, 2022
Workhuman®, the company revolutionizing how employees celebrate, connect with, and appreciate each other in the workplace, today announced its 2021 revenues and billings, the appointment of a new board member, and the investment of €2.8M to expand its physical presence in its Ireland headquarters with a new state-of-the-art facility. The growth reflects a widespread movement among global enterprises to harness a culture of appreciation, which drove gross revenues in 2021 to reach more than $876M, up 28% from $682M in 2020.
In 2021, Workhuman recorded billings of more than $1.1 billion, along with $287M in net platform revenue. In addition, the company, which has nearly seven million people on its platform, processed more than 12 million billable awards (moments of recognition with a monetary value associated with them) in 2021 – a near-50% increase from the previous year.
"Workhuman is on an incredible trajectory, growing 28% year-over-year, as organizations continue to understand the impact that employee recognition can have on both their humans and their bottom line. Employees are worth more than any other tangible asset in the global economy. Between voluntary turnover and disengaged employees, organizations are battling a $1 trillion problem, Workhuman's employee recognition program can save enterprises millions in turnover costs, and our customers feel the positive impact of a culture of gratitude and appreciation on their bottom line. We're proud of our growth and look forward to helping more organizations meet today's biggest human capital challenges."
-Scott Dussault, Chief Financial Officer at Workhuman
Workhuman also announced that it has appointed to its board Vidya Peters, former Chief Operating Officer at Marqeta, a modern card-issuing platform. Previously, she was the Chief Marketing Officer at MuleSoft, acquired by Salesforce, and before that, she held various strategy and marketing roles at Intuit and Bain & Company. Peters brings a wealth of go-to-market and operating experience to the Workhuman board and will immediately replace Lorrie Norrington. She holds a B.S. in Industrial Engineering from Northwestern University, an MPA in Public Administration from Harvard University, and an MBA in Marketing and Finance from Northwestern University's Kellogg School of Management. Peters was named one of the Most Influential Women in the payments industry by American Banker in 2022.
We are very excited to add Vidya to the Workhuman board. Her deep expertise and experience with customer success building and managing operating efficiencies in the technology space make her a valuable addition to our board, We would like to thank Lorrie for her many contributions that had a positive impact on the growth and success of the company,said Workhuman CEO Eric Mosley.
As part of its €2.8M investment in Dublin, Workhuman expanded its physical footprint by approximately 15,000 square feet with a brand-new facility. In addition to more physical space, the company revamped its in-office perks to prioritize its employees' professional success, health, and emotional well-being and safety. These improvements include wellness, fitness, learning and development spaces, and more.
After spending years at home during the pandemic, employees have never been more aware of what they expect from their work and workplace. They have new and increased expectations of their employers and workplaces desiring a dramatically different and better experience than the one they left. Our new workplace goes far beyond the physical space into every aspect of the employee experience throughout the workday, tying together space, technology, behaviors, and amenities, The new way of working is making the workplace a destination, not an office. We have created a space that supports our culture and strengthens our community,said Jess Klay, VP of Global Workplace Experience Design at Workhuman.
Workhuman® is helping companies meet today’s biggest human capital challenges - including unprecedented turnover, employee engagement, hybrid work environments, and DE&I - through the Workhuman Cloud®, a secure SaaS platform that provides the industry’s best-in-class Social Recognition® solution. As the leading global provider of technology solutions, analytics, expertise, and services helping organizations of all sizes build and foster workplace cultures powered by employee recognition and crowdsourced feedback, Workhuman is revolutionizing the way employees celebrate, connect with, and appreciate each other in the workplace. Combined with unmatched data through Workhuman iQ™, we empower HR and business leaders with proactive insight to understand issues as they develop and tools to help them make the right decisions to align business objectives and culture to deliver immediate impact. And, with world-class award redemption from our proprietary global e-commerce network, Workhuman is committed to building more connected human-centered workplaces that recognize the value and potential of each and every employee.
For more than 20 years, Workhuman has been pioneering the human workplace by disrupting legacy and obsolete HR approaches to improve the employee experience at work, with solutions that engage with approx. seven million customer employees in 30+ languages, in 180 countries, generating 100 million instances of human connection. With dual headquarters in Dublin, Ireland and Framingham, Massachusetts, Workhuman employs 1,000 people who deploy solutions and services at scale, committed to helping companies improve returns on their most important investment– their people.
HR ANALYTICS,WORKFORCE MANAGEMENT
Veritas Prime | December 12, 2022
Veritas Prime today announced that its OptimusHXM: Pay Portal is now available on SAP® Store, the online marketplace for SAP and partner offerings. OptimusHXM: Pay Portal is built on SAP Business Technology Platform (SAP BTP) using SAP Integration Suite and integrates with SAP® SuccessFactors® Employee Central and SAP® SuccessFactors® Employee Central Payroll, delivering terminated employees self-service access to their pay slips and year-end tax documents.
"Our application has served over 10,000 unique users since our first official deployment just a few short months ago, We're excited to offer our SAP-certified solution on SAP Store, just in time for year's end when employers are preparing to distribute W-2s to terminated employees by the January 31 deadline."
-Austin Gunter, Product Portfolio Manager at Veritas Prime
Once terminated, employees lose access to their pay slips and W-2/T-4 tax documents that were conveniently accessible in the SAP SuccessFactors employee profile. This SAP SuccessFactors extension solves this gap effortlessly by emailing the personal address on file once an employee becomes inactive. They click the link and instantly, their access is restored to these critical documents. The OptimusHXM: Pay Portal reduces Human Resources (HR) workload and costs by giving terminated employees self-service access to the online portal to download their pay slips and removes the burden from HR to ensure the documents are printed, stamped, mailed etc. It gives employees an off-boarding process due to the secure and simple login instructions that are sent directly to their personal email immediately after the termination becomes effective in SAP SuccessFactors Employee Central. Former employees inundating the HR Support with requests for these documents is a thing of the past.
Veritas Prime is a partner in the SAP® PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs - quickly and cost-effectively.
About Veritas Prime
Veritas Prime, based on its founding principle of "truth and excellence," is dedicated to providing clients the best service through a consultative approach. An SAP gold partner with SAP Recognized Expertise in SAP SuccessFactors solutions, Veritas Prime is a premier consulting firm specializing in Human Experience Management technology and specifically SAP SuccessFactors solutions. Veritas Prime supports organizations to transform their employee experience via best-in-class solutions, SAP SuccessFactors with a full hire-to-retire solution, including fully outsourced payroll services, time and attendance, and benefits solutions, while also supporting customers post-go-live through its unique tool.
WORKFORCE MANAGEMENT,EMPLOYEE ENGAGEMENT
Xoxoday | December 06, 2022
Xoxoday, a global SaaS Fintech company known for its rewards, engagement, and loyalty infrastructure for businesses, has received a Great Place to Work® Certification from the leading global authority on people practices & workplace culture.
One of the key tenets that Xoxoday is built on is the principle of reciprocity, brought alive in its people & culture systems with the belief that businesses build people, and people build businesses. At Xoxoday, People & Culture is seen as an investment function rather than a cost function, one of the differentiating and sustainable sources of competitive advantage for the business. Xoxoday builds a people-first culture by involving the entire workforce in co-creating policies and processes, embedded with the values of fairness and radical transparency.
Xoxoday's swift growth has not just been supported but also enabled by its People function, strongly leveraging technology to productize processes across the employee lifecycle, continuously measure & improve, and learn by constantly engaging with and listening to its workforce. It builds a culture of appreciation and collaboration leveraging Xoxoday Empuls, its proprietary employee engagement platform.
Robust people practices coupled with agile policy decisions and industry-leading salaries, perks & benefits have helped Xoxoday successfully navigate phenomena like 'The Great Resignation', 'Quiet Quitting', and even 'Moonlighting'. Despite a hybrid work culture, its people-first emphasis has ensured teams are connected virtually and physically, and constantly motivated with timely social recognition & rewards.
"We treat our people like our customers, delivering delight from hiring to retirement. Our rigorous hiring process ensures we onboard people to build strengths, maintaining transparency that offers them a glimpse into our culture from the very first touchpoint. Our referral programs are designed to attract the best while making it rewarding for our own talent. Our comprehensive onboarding experience instantly equips everyone from Day 0, making them a part of the Xoxoday family. Internal transfer policies, hybrid work systems, and L&D programs for upskilling & cross-skilling offer flexible growth opportunities. Further, we strive for continuous improvement by measuring what matters, eliminating noise, and taking in the right signals at every stage of the employee and organization lifecycle."
- Britto Ambrose, VP, People & Culture, Xoxoday
Speaking on Xoxoday's vision and HR transformation, Abhishek Kumar, Co-Founder, Xoxoday, stated, We are in the business of motivating people across the value chain. Nurturing our people & culture fuels our vision of making growth stories rewarding for our customers & partners through our products. Our employee engagement platform, Xoxoday Empuls, is born out of our DNA and we are its first users. The Great Place to Work® Certification serves as a testimony to our efforts, reinforcing our commitment to building a world-class workplace to deliver on our vision.
Xoxoday is a rapidly growing fintech SaaS firm that propels business growth while focusing on human motivation. Backed by Giift and Apis Partners Growth Fund II, Xoxoday offers a suite of three products - Plum, Empuls, and Compass. Xoxoday works with 5,000+ clients across 100+ countries, serving 80 million+ end-users. Xoxoday is a 380+ strong team with 9 global offices across the USA, Ireland, UAE, India, Singapore, Indonesia, Sri Lanka, and Nigeria.
HR PRACTICE,EMPLOYEE BENEFITS
Majesco | December 09, 2022
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, today announced its first global learning day focused solely on the personal growth and development of its employees. This announcement comes shortly after Majesco released its annual employee opinion survey results which highlighted the ambition of the Majesco team to have more dedicated time for training.
“We all know the feeling of not having enough hours in a day. Between email, meetings, and deadlines, our personal goals sometimes take a back seat, As a leadership team we understand the importance of providing employees the time to learn, push boundaries, explore new opportunities, and take advantage of the training and resources that are available to them. We are excited to remove some of the pressure of the daily grind so our employees can focus on their own growth and have time to prioritize their personal goals.”
-Adam Elster, CEO at Majesco
Majesco will pause business operations on Friday, December 9th and provide employees dedicated time to embark on their own unique learning path. Earlier this year Majesco implemented two new initiatives focused on the growth and development of its employees including iLearn, Majesco’s training portal and one-stop shop offering a wide selection of product training and skill-based courses that employees can benefit from. Majesco’s development framework, CLIMB, provides a structured approach for career growth and provides the necessary tools and resources to help employees navigate their professional journey. In addition to these programs and collection of courses, Majesco employees will have access to specialized learning plans that include live instructor-led courses and recorded self-paced learning tools including videos, podcasts, and informative reads.
The purpose of the employee opinion survey is to not only better understand what we’re doing right as an organization, but uncover any pain points, We want our employees voice to be heard and used to better understand areas for improvement so we can add benefits that are not only important to our employees but set them up for success at Majesco and beyond,says Melissa Blankenbaker, Chief Human Resources Officer at Majesco.
If you’re interested in joining a company that prioritizes employee diversity, personal growth, and employee success, Majesco encourages you to learn more about the team and apply for an open position.
Majesco is the partner P&C and L&AH insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what is next, without losing sight of what is important now. Over 350 insurers, from greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now.
As an industry leader, we do not believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 900+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.