Employers plan greater investments in HR tech through 2022

Employee Benefit News | February 19, 2020

Next-gen HR software changes how companies connect with and manage talent, which can impact how diversity and inclusion is integrated into the hiring process. Hoping to tap into these benefits, organizations are planning to increase their investments in HR tech through 2022, according to a PwC global survey of 600 HR and HR information technology leaders. Attracting new talent, developing employees’ peak potential and improving the work experience through automation are the top goals for employees implementing new technologies, according to PwC. “Employers are looking to invest in the strategic side of HR,” says Dan Staley, HR technology leader with PwC. “Fifty-six percent of those surveyed say they are going to increase investments in finding, attracting and retaining talent.” A decade ago, HR tech was lagging in adapting to new technologies, but today, HR cloud solutions are a $148 million market. About 74% of companies surveyed by PwC are planning to increase their spending in HR tech this year in order to address their main talent needs. Employers are expected to make investments in talent acquisition (49%), improved user experience for employees (48%) and skills mapping and career path tools (46%).

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HR STRATEGY

Signing MOU with the American Society for Human Resources Management

SHRM | March 28, 2022

The Department of Human Resources of RAK Government (DHR) signed a cooperation MOU with The American Society for Human Resource Management (SHRM) which is considered one of the most prestigious professional societies specialized in human resources management. The MOU aims to enable employees to receive specialized professional certification and benefit from the global best practices and experiences in line with the vision of RAK Government and its strategic orientation towards adopting best practices according to global standards. Under this MOU, high quality training programs will be provided to RAK government employees working in HR departments to qualify them to receive professional certificates in human capital management which will enable them to cope with future changes. The MOU will facilitate SHRM membership for employees and provide them with the opportunity to attend international conferences held in MENA region. Furthermore, DHR practices and its latest systems and policies will be communicated under this MOU by publishing them in SHRM magazine and industry publications as well as using the assistance of SHRM experts and consultants in transferring their HCM-related knowledge and expertise. It is worth mentioning that the Advanced HR Management Certification Program has been recently launched in cooperation with SHRM where the first batch included 24 HR units' managers. The program focused on the advanced skills in workforce planning, HR development, talent acquisition, succession planning, employee engagement, HR business partner, and HR strategy among many other topics that aim to develop and refine the talents that serve the area of human resources. In addition, the HR Fundamentals Certification Program has been given to 24 HR specialists to build a solid foundation for professional capabilities in this field. "RAK government strives to open doors for cooperation and partnership with leading organizations that contribute to the development of human capital and enhance the work systems in areas that support the strategic plans and the requirements of comprehensive development. This cooperation is undoubtedly considered an important step towards building talents that adopt the latest knowledge and practices in HR management across RAK government entities." -H.E. Dr. Mohammad Abdullatif Khalifa "This alliance with RAK government will enable both organizations to work hand in hand for shaping and enhancing employees' career in the field of HR management. This MOU will also help establish a sustainable foundation for building a productive and impactful workforce across RAK government entities. SHRM is committed to provide employees with the best knowledge and practices in this field through its educational programs, professional activities, and topics which help put employees at the highest levels of qualification and professionalism. With over 310,000 members in over 165 countries, SHRM is considered one of the world's largest HR management associations as it is the flagship brand for global accredited certifications, professional development programs, and other advisory services as well as hosting world class HR events and conference." -SHRM

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EMPLOYEE BENEFITS

The Mindful Mamas App Offers Employers A Self-Care Resource for Working Parents

Mindful Mamas | January 10, 2022

Mindful Mamas, a maternal wellness company that launched its mindfulness app in 2020, today announces the app is now available for employers to offer as an employee benefit. In 2020, 9.8 million working mothers reported feeling burnout¹, proving the importance of nurturing women's mental health. Mindfulness and meditation have been shown to have a myriad of benefits including, but not limited to, increased focus, job satisfaction, and a positive relationship to work. Mindful Mamas offers over 500 mindfulness, meditation, and self-care practices that help mothers across the entire motherhood continuum from trying to conceive through empty nesting. Practices range from 30 seconds to 20+ minutes and speak to the unique challenges and celebrations of motherhood in today's times. The Mindful Mamas app offers employers a self-care resource for working parents. "We hear from working women daily who feel torn between, and exhausted by, the demands of work and motherhood, We understand the harm of portraying mothers as superheroes that 'can do it all' and have made it our mission to not only normalize the hidden experiences of mothers but give them coping tools to help navigate everyday challenges." -Terra LaRock, founder and CEO of Mindful Mamas. Recent feedback from those who have used the app indicates that more than 80 percent of mothers reported feeling better or much better after completing a practice in the app. With Mindful Mamas, working mothers can access practical tools to help them get in moments of self-care throughout their day to help them prioritize their own mental well-being with just a click of a button. Otsuka America Pharmaceutical, Inc., a healthcare company specializing in neuroscience, nephrology, and digital medicine, was the first employer to ever offer the Mindful Mamas app to its workforce. During the company's open enrollment period for 2022, Otsuka's entire U.S. employee population was provided the option of redeeming a complimentary, one-year subscription to the app for themselves or gift it to a mother in their life. "Otsuka-people are the heartbeat of our company, and their well-being, both physical and mental, is our number one priority, We are excited to be providing the Mindful Mamas app as a self-care tool to support Otsuka parents in all phases of their journey through parenthood." -Angela Colon-Mahoney, M.S., vice president of people and business services. About Mindful Mamas: Mindful Mamas is a maternal wellness company dedicated to creating happy, healthy, and thriving mothers worldwide. The Mindful Mamas mobile app for iOS and Android offers daily encouragement and teaches moms and moms-to-be how to thrive in motherhood (and life) using mindfulness and self-care practices. Mindful Mamas launched their app in March 2020 and is based in Denver.

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HR PRACTICE

Workday Sees Continued Momentum with Large Enterprises Deploying Its Finance Solutions

Workday | April 10, 2022

Workday, a leader in enterprise cloud applications for finance and human resources, has announced continued momentum for its office of finance solutions, as large enterprises around the world continue deploying Workday to help drive digital finance transformation strategies. In the company's fiscal 2022 fourth quarter, customers including American Financial Group, Bon Secours Mercy Health, Christmas Tree Shops, Federal National Mortgage Association (Fannie Mae), Nuffield Health, Sharp HealthCare, and SS&C Technologies deployed Workday finance solutions to help manage performance and growth and drive business-critical decisions. Workday also announced a record number of deployments for its core finance offerings — Workday Financial Management, Workday Adaptive Planning, and Workday Strategic Sourcing — in its fiscal year 2022 (Feb. 1, 2021-Jan. 31, 2022), with nearly 1,500 deployments during that period, signalling an increased demand for Workday solutions supporting the office of the chief financial officer (CFO). Innovation for the Office of the CFO The company's broad portfolio of cloud finance offerings brings new levels of visibility and control that go beyond the boundaries of traditional enterprise resource planning (ERP) systems. Together Workday Financial Management, Workday Adaptive Planning, Workday Accounting Centre, Workday Prism Analytics, and Workday Spend Management, which includes Workday Strategic Sourcing, deliver a deep and comprehensive solution for enterprise planning and analysis across all finance processes. Specifically, Workday continues to drive innovation across its solutions to help global customers: Become decision-ready with the Workday intelligent data core. Workday offers a unique architecture that allows finance teams to harness the power of data by blending operational and transactional data into a single source. Workday Accounting Centre, built on this foundation, represents a fundamental change in the way finance teams manage external transactions by dramatically simplifying the transformation of high-volume operational data into accounting. Adapt to changing business conditions with continuous planning. Workday Adaptive Planning enables customers to collaboratively forecast and budget with driver-based planning and what-if scenario modelling. Predictive forecasting, powered by machine learning, enables easy evaluation across multiple scenarios, such as changing market conditions, regulatory changes, or currency fluctuations, in order to rapidly adapt to change. Modernise accounting and procurement processes. Workday increases efficiency by embedding machine learning into core processes. With Workday Financial Management, finance teams spend less time on transaction processing and are empowered to focus more on strategy and analysis to drive the business forward. In addition, Workday Spend Management automates the source-to-pay process and provides complete visibility to help finance and purchasing departments strategically manage costs, minimise out-of-policy spend, and optimise purchasing power. "Leading organisations recognise that today's environment requires faster, more flexible finance processes to work at the speed of business," - Sheri Rhodes, chief customer officer, Workday. About Workday Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics have been adopted by thousands of organisations around the world and across industries — from medium-sized businesses to more than 50% of the Fortune 500. For more information about Workday, visit workday.com.

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HR STRATEGY

Flexible Law Degree Offerings Are Attracting Working Professionals

Faulkner Law | January 05, 2022

A growing number of non-traditional students seeking a law degree are discovering new opportunities to pursue a Juris Doctor (J.D.) through the expansion of distance learning and flexible scheduling options approved by the American Bar Association (ABA). One such offering is the Executive J.D. Schedule at Faulkner University Thomas Goode Jones School of Law in Montgomery, Alabama. Faulkner Law's Executive J.D. Schedule provides part-time students with the same curriculum and services as students in their traditional, Full-time J.D. Schedule, only delivered through blended online and in-person courses spread out over a four-year time commitment. In its second year, the Executive J.D. Schedule has welcomed primarily non-traditional, working professionals with an average incoming age of 35. "For over 70 years, Jones School of Law was a part-time, evening J.D. program, This new age of distance learning and online technologies allows us to refocus on this same commitment to offering a legal degree to those students who require the flexibility of schedule to accommodate their professional and personal lives." - Faulkner Law Dean Charles B. Campbell. The blended learning delivery of the Executive J.D. Schedule is ideally suited to students within a three-to-four hour driving radius from the campus that is conducive to fulfilling the in-person learning obligations scheduled two weekends a month excluding the summer. The part-time schedule appeals to working professionals who may have previously thought about becoming a lawyer but could not afford to forgo employment to do so, including current student Preston Roberts, a government relations professional residing in Montgomery. Without this opportunity, Roberts states he would not have been able to pursue his law degree without leaving his career and interrupting his family life. While he acknowledges that law school requires a substantial commitment, he also believes the rewarding outcome will validate the pursuit. The Executive J.D. Schedule offers parity with Faulkner Law's Full-time J.D. Schedule, including integrating bar exam preparedness, maintaining compliance with ABA Standards, providing student services and academic support, and following established admissions standards. Learn more about the part-time Executive J.D. Schedule at law.faulkner.edu/executiveJD. About Faulkner Law Faulkner University's Thomas Goode Jones School of Law is a private, Christian law school in Montgomery, the capital city of Alabama. As an ABA-accredited school, Faulkner Law provides students a rigorous curriculum and hands-on experience to drive both academic success and community service, and celebrates its students who have a desire to use their legal degree to seek justice and serve their communities — wherever that may be.

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Save time and money and gain peace of mind with ADP Workforce Now(R), the easy-to-use and complete human capital management solution. Built from the ground up with a single database, the fully integrated ADP Workforce Now suite features Human Resources, Payroll, Benefits, Talent Management (Recruitment, Performance Management, Compensation Management), Time & Labor Management and HR Analytics capabilities.

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