beqom and SEB | November 18, 2022
beqom—a provider of cloud-based total compensation and continuous performance management solutions today announced the successful deployment of its total compensation solution at Skandinaviska Enskilda Banken AB (SEB), one of Europe’s oldest and most prestigious financial institutions.
The bank selected beqom to replace their partly spreadsheet-based processes and manage total compensation for their 16,000 employees across 20 countries. They sought to align global rewards processes, reduce time spent on administrative tasks, and compile compensation data from many different sources that could be accessed as needed by managers and other stakeholders to support informed decisions on a daily basis.
“We have a diverse, growing, and highly regulated business and needed a comp system that could cater to our needs, handling both global and local requirements. Our previous system relied on many exceptions and manual workarounds that were time consuming, introduced risk, and created compliance challenges. We’ve been running our total compensation processes on beqom for over a year now, and it has saved our HR comp team a lot of time, reduced risk, helped standardize and align our processes, and provided a great experience for our users. The feedback from stakeholders—managers, HR partners, CFOs in the businesses—has all been very positive.”
-Mattias Bergman, Process Owner Variable Remuneration C&B at SEB
beqom is a cloud-based provider of continuous compensation and performance management solutions that deliver personalized total rewards aligned with meaningful behaviors, goals, and skills. The solutions transform how companies reward and recognize their people, attract and retain top talent, and address pay equity and transparency. Managing all forms of employee compensation, beqom unifies all performance and reward processes to create a meaningful, people-centric experience across employee touchpoints, providing feedback, coaching, and rewards. beqom’s fully configurable solution integrates seamlessly into core HR suites, providing companies of any size and industry, such as Mercedes Benz, PepsiCo, Golub Capital, and DHL, with the flexibility needed to execute their performance and reward strategies and make the most of their human capital.
Founded in 1856, SEB divisions include Large Corporates & Financial Institutions; Corporate & Private Customers; Baltic; Life; and Investment Management. Profits in 2021 totaled SEK 30.9bn (3.17b USD, 2.97b EUR), with assets under management of SEK 2.6 trillion (275b USD, 256b EUR).
HR ANALYTICS, HR STRATEGY
Paylocity | October 19, 2022
As organizations navigate tight labor markets and increasing employee expectations, one thing is clear: The role of HR continues to expand. HR teams need to bridge the gaps across their respective organizations to fuel collaboration and help employees connect with their work and each other. That was the dominant discussion theme at Elevate, Paylocity’s 14th annual customer conference where nearly 4,000 attendees representing HR, Finance, IT, and Operations functions gathered to explore trends, share best practices, and learn more about Paylocity’s latest platform enhancements that help HR serve as the hub of a more connected organization.
Taking place over two days, Elevate featured more than 100 sessions with industry influencers, Paylocity leaders, and peer meetups where attendees could share experiences, ask questions, and keep up with the rapid evolution of the HR function.
Connected HR is a Key Driver to Unlocking Business Potential
At this year’s conference, the underlying buzz centered around “Connected HR” – the concept that because HR sits at the intersection of employees, leaders, and their organizations, modern HR teams need technology that’s as connected to the business as they are to solve big challenges. For example, fragmented processes and systems prevent true automation and streamlining of manual tasks throughout the business. Another issue is ineffective communication and collaboration across the organization, made even more difficult by geographically dispersed teams and varying communication preferences. Still another challenge, especially in the era of “quiet quitting,” is creating a strong culture and shared purpose across the organization.
Paylocity Highlights Platform Capabilities to Address Today’s HR Challenges
At Elevate, Paylocity highlighted modern solutions and recent enhancements that address these challenges:
Streamlining and connecting companywide processes with enhanced Paylocity Workflows. Paylocity has expanded the functionality of Workflows, the process automation engine in the Paylocity platform that improves efficiency and data accuracy. Customizable Workflows can automatically collect employee information, assign recurring training, collect documentation and certifications, and get supervisor sign-off for completion of courses in the Learning Management System—all while syncing automatically to a single employee record.
Ensuring the availability of accurate employee data and insights across the organization for better decision making. My Insights, released earlier this year, provides customizable, shareable dashboards that simplify analysis and exporting of real-time data and performance metrics contained in Data Insights, Paylocity’s data visualization and reporting engine. More than 6,000 clients already use My Insights, including Listerhill Credit Union, a financial services company with hundreds of employees in multiple states. Using Data Insights, Listerhill identified more than $200K in annual operational efficiencies.
Improved communication with employees and collaboration across teams. Paylocity continues to add features to Community, its online social collaboration hub. New announcement templates and scheduling capabilities simplify one-to-many communication from leaders and enable employees’ voices to be heard. And a new Video Hub centralizes all the video content created by the company and employees in one place—making it easy to share engaging content companywide and track engagement. Paylocity has also added more capabilities into its mobile app, including chat and video to support recruiting, onboarding, and ongoing communications; as well as access to all company communications and every module in the Paylocity platform from employee smartphones. Usage of the Paylocity mobile app continues to grow—with a 27% increase in mobile users since the beginning of 2022.
Building culture and a sense of purpose with tools to support the modern workforce. Unlike legacy HRIS tools, Paylocity differentiates its platform with features that enable better communication, connection, and collaboration. Employee-centric features are even embedded in core HR functionality. To help employees connect with their peers in more meaningful ways, the traditional organizational chart has been reimagined to not only show reporting structures but also foster connection and collaboration by including social profiles and 1:1 chat. Enhancements to Paylocity’s LMS provide opportunities for employees to create content by recording their own training videos and easily share them via Community.
Martin Resorts which owns and operates five boutique hotels in California—uses Community to help educate employees on employee benefits and build connection across its diverse employee population. “Paylocity provides our staff with a single platform that allows them to access so much information, from feedback surveys to their pay stub to their W-2. Community is a tool where they can communicate and collaborate with each other, their managers, and leadership,” says Sara Kennedy, Director of People and Culture.
The improved awareness and communication helped Martin Resorts improve employee engagement as well as 401(k) participation. By using Community to promote the benefits of its 401(k)-match program, Martin Resorts saw sign-up rates triple, which will ultimately impact employee satisfaction and retention.
“Given HR’s broadening scope, modern HR technology must evolve beyond streamlining HR processes to become a hub for the whole company—a single employee system of record and capabilities that unify people and processes across the organization around a common purpose, With those goals in mind, HR is now touching every part of an organization. That means HR systems need to not only drive automation but also drive greater connection among teams and every employee to help the modern organization reach its full potential.”
-Steve Beauchamp, Co-CEO of Paylocity
Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of cloud-based HR and payroll software solutions. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build culture and connection with their employees. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help all employees achieve their best.
DIVERSITY AND INCLUSION
UKG | October 14, 2022
UKG, a leading provider of HR, payroll, and workforce management solutions for all people, today announced its new UKG Diversity Accelerator Program, which funnels highly targeted and meaningful support and resources to the diverse-owned and diversity-focused technology ecosystem while helping to maximize supplier diversity in the human capital management (HCM) market.
Technology partners accepted into the Diversity Accelerator Program pay no annual fee to join one of the world’s largest and most collaborative partner networks wholly focused on the HCM industry, and receive free engineering and architectural support, go-to-market strategy planning, marketing resources, and business and leadership coaching to help grow their businesses. Partners additionally gain access to more than 70,000 UKG customers worldwide through the UKG Marketplace, an expansive hub that connects customers with innovative solutions and services to create more inclusive employee experiences for all.
“Diversity, equity, inclusion, and belonging are critical to driving innovation and growth, By accelerating our investment in this area to empower our ecosystem and expose partners to new opportunities that will help their solutions thrive, our customers gain expansive access to solutions and services to help kickstart or advance their DEI&B initiatives. We’re giving our customers and partners a clear runway to create a culture where every single person can thrive at work.”
-Brian K. Reaves, chief belonging, diversity, and equity officer at UKG
The first of many companies to enter the UKG Diversity Accelerator Program include:
Clovers, an interview intelligence platform that analyzes video interview conversations and pulls out key insights for faster hiring, team collaboration, and more data-backed hiring decisions;
Diverst, a mobile-enabled DEI&B culture platform that helps organizations create and manage employee resource groups (ERGs), build an engaging workplace culture, and manage, grow, and track the progress of their diversity and inclusion programs;
Employee Cycle, an HR analytics dashboard that pulls together disconnected employee data across multiple HR systems into one real-time, centralized, and shareable view;
Hive Learning, a programmatic peer learning platform that helps enterprise companies run digital culture change programs at scale, embedding behavior change by getting everyone on the same page about what good behavior looks like and giving people the tools to hold one another accountable;
HourWork, a recruitment and retention platform that helps employers who employ hourly workers increase applicant flow by engaging past applicants and former employees, uncover what matters most to their employees, and improve retention through automated check-ins at key milestones;
Textmetrics, a smart writing assistant platform that helps HR managers write effective and accurate content and remove biased language from job postings, improving organizational communications overall; and
WayUp, a recruitment platform that empowers organizations to build a diverse talent network by sourcing qualified candidates, primarily from underrepresented groups, for entry-level roles and internships.
All seven inaugural partners will exhibit at UKG Aspire, live in Las Vegas, November 6-9.
We are in a unique position to help companies around the world build healthy, diverse organizations and unlock their greatest potential, Today, we are accelerating this journey to help every one of our customers adopt a technology-enabled Life-Work philosophy that empowers their people to achieve a sense of belonging and sustains individual and business performance through diversity, equity, and inclusion initiatives. The Diversity Accelerator Program is uniquely positioned to lift up the diverse-owned and diversity-focused technology ecosystem and supports our purpose to make the working world a better place for all,said Chris Todd, CEO at UKG.
At UKG, our purpose is people. As strong believers in the power of culture and belonging as the secret to success, we champion great workplaces and build lifelong partnerships with our customers to show what’s possible when businesses invest in their people. Born from a historic merger that created one of the world’s leading HCM cloud companies, our Life-work Technology approach to HR, payroll, and workforce management solutions for all people helps more than 70,000 organizations around the globe and across every industry anticipate and adapt to their employees’ needs beyond just work.
HR STRATEGY, EMPLOYEE BENEFITS
Haystack | October 27, 2022
Haystack, the modern intranet company rethinking the employee experience, today announced the availability of its new mobile application on Android, iOS, and the mobile web. The mobile app was created to simplify the sharing of company knowledge no matter where staff are located, connecting all employees within an organization to the people, information, and resources they need to thrive.
Unlike many mobile workplace apps, which are often poor substitutes for the full browser-based experience, the Haystack mobile app was built from the ground up to provide a consumer-grade experience for all employees within an organization. The app combines lightning-fast search, intuitive controls, playful experiences, and tasteful social features that foster authentic employee connections and engagement, even across distances. Additionally, Haystack offers no-code customization so businesses can personalize the app logo and interface to reflect their own branding making the mobile experience uniquely theirs.
"Work is no longer a place, so we designed the Haystack mobile app to provide an easily accessible communication and information hub for employees, wherever they happen to be located, We're committed to building human connection and culture within organizations, as those are essential to staff wellbeing, performance, retention and ultimately, organizational success. Our team understands the unique challenges in fostering these elements among staff who don't have access to a desktop or operate in the field. Whether your company is hybrid, remote, or something in between, Haystack offers equal access to the crucial information teams need to perform their job."
- Cameron Lindsay, Haystack Co-founder and CEO
Brands such as BuzzFeed, Chime, Novo, and Everbridge use Haystack to unify the employee experience from onboarding to HR to documentation to internal communications, creating a collaborative and inclusive working environment. The platform features universal search capabilities and deep enterprise integrations with existing digital workplace tools such as Slack, Workday, Atlassian's Confluence, Google Workspace, and Microsoft 365.
Haystack recently introduced a series of product innovations to transform the world of work. In August, the company released Haystack Connect, which leverages first-party employee-profile data to intelligently pair team members, cultivating deeper workplace connections and facilitating mentor-mentee relationships that support employee retention and growth. Earlier this year, Haystack introduced Secure Delivery, which keeps confidential internal communications internal and protects employees from accidentally sharing sensitive company information. The company also recently integrated with GIPHY, giving employees the ability to breathe extra life and humor into their posts and comments published in Haystack.
Haystack is the modern intranet company rethinking the employee experience. Mid-market and large enterprises rely on Haystack for secure internal communications, to share organizational knowledge, and to build community. Haystack was founded in 2019 by a founding team spanning Google, Snap, Cornerstone OnDemand, and PayPal. The company is headquartered in Los Angeles and backed by leading investors such as Greycroft, Coatue Management, Twitter co-founder Biz Stone, Adobe's Scott Belsky, Riot Games co-founder Marc Merrill, and BoxGroup.