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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Payroll
HiBob | September 07, 2023
HiBob, the modern HR platform that powers productivity, engagement and retention, and Papaya Global, a leading HR and payroll solution provider, has partnered to offer robust HR-integrated payroll solutions for multinational companies. By integrating HiBob's HR data with Papaya's platform, organizations can streamline global payroll and payments, optimizing processes and improving operational efficiency. This partnership addresses the critical need for seamless HR and payroll solutions in today's global workforce landscape.
With this collaboration, organizations can seamlessly integrate HR, PTO (Paid Time Off), and compensation data from HiBob with Papaya Global's platform. This real-time data synchronization empowers multinational companies to consolidate and optimize their people and payroll processes. As a result, customers can unlock new opportunities, enhance operational efficiency, and maintain agility in a constantly evolving global business landscape. This partnership aims to address the specific needs of multinational organizations, ensuring they have the tools to navigate the challenges of managing a global workforce effectively.
Furthermore, the partnership ensures compliance with local tax regulations, labor laws, and data privacy requirements, facilitating smoother global expansion efforts for organizations. With Papaya Global's recognition as one of TIME Magazine's 100 Most Influential Companies of 2023 and HiBob's acknowledgment as a TIME Magazine Best Invention of 2022, customers can trust this compliant and user-friendly solution supporting their global expansion efforts.
CEO of HiBob, Ronni Zehavi, commented,
We are thrilled to announce this alliance. It will be a game changer for companies struggling with payroll complexities in managing their global workforce. This integration strengthens our commitment to providing world-class HR and payroll management solutions to multinational companies, granting them the tools they need to thrive in today's dynamic business environment.
[Source – Cision PR Newswire]
About HiBob
Founded in 2015, HiBob is a leading force reshaping contemporary workplaces with its cutting-edge HR platform, 'Bob.' The company's platform simplifies the intricacies of HR processes, introducing a revolutionary and user-friendly tool that impacts every employee throughout the organization. HiBob thrives on a culture of innovation, continuously engaging in learning loops to trigger significant cultural transformations for companies with dynamic and distributed workforces.
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Payroll
BambooHR | September 13, 2023
BambooHR, a leading cloud-based human resource platform, has introduced a new Payroll experience to complement its HR and benefits administration solutions. This innovative payroll system significantly streamlines payroll processes, reduces processing time by up to 80 percent, and enhances the overall HRIS and benefits administration platform.
This Payroll experience is accessible through desktop and mobile platforms, providing flexibility and convenience for HR professionals and employees alike. It aims to create an integrated, accurate, and efficient payroll process. It significantly reduces the risk of errors and ensures employees are paid correctly and on time. This not only benefits organizations but also aligns with employee financial stability, given that many Americans live paycheck to paycheck. This is supported by the research by LendingClub, reporting that 6 in 10 Americans live paycheck to paycheck.
Chief of Staff, Rockford Silk Screen Process, Rachael Schau, remarked,
BambooHR and payroll together have saved me almost 20 hours a week, and we've honestly saved 20,000 dollars over a year.
[Source: Cision PR Newswire]
The introduction of the new Payroll experience reflects BambooHR's commitment to simplifying payroll and delivering an exceptional user experience for its customers. Payroll errors can have a significant impact on employees, leading to financial stress and mistrust. BambooHR's streamlined solution addresses these concerns while enhancing the overall efficiency.
The new platform simplifies the intricate payroll process by eliminating double data entry, automating time tracking, and calculating employee compensation, deductions, and taxes accurately. This user-friendly interface allows for easy management of employee records, payment tracking, and report generation and ensures compliance with federal, state, and local regulations. Employees can access pay stubs and make withholding or direct deposit changes through the BambooHR payroll portal or mobile app.
Chief Product Officer at BambooHR, Brian Crofts, stated,
Our goal has always been to make payroll an integrated, always accurate, and even delightful experience for our customers.
[Source: Cision PR Newswire]
He added that their team has worked hard to ease the intricate, outdated process and that they’ve made that quick, clean and easy for HRs. To celebrate the launch, new BambooHR customers can benefit from a 75 percent discount on Payroll implementation costs for January 2024 payroll start dates. This offer further demonstrates BambooHR's commitment to supporting organizations in their HR and payroll needs.
About BambooHR
BambooHR is the foremost provider of cloud-based HR software solutions, offering a robust platform that empowers HR professionals in managing, nurturing, and fostering their workforce. The core mission of the company is to liberate individuals to excel in their work by streamlining, centralizing, and interconnecting employee data within a single comprehensive system, thereby facilitating informed decision-making. Its user-friendly and thoughtfully designed suite encompasses payroll, time tracking, benefits administration, performance management, and reporting solutions, catering to the entire spectrum of HR responsibilities.
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Talent Management
AllianceHCM | September 11, 2023
AllianceHCM, a leading human capital management (HCM) software provider, has unveiled its latest software update, featuring artificial intelligence enhancements designed to streamline the recruitment process. These innovations aim to assist organizations in building their dream team’s efficiently.
The AI job description builder accelerates the recruitment process by reducing the time spent crafting compelling job descriptions, addressing a critical need in today's competitive hiring landscape. The AI resume summary generator enhances efficiency by providing concise candidate summaries, aiding recruiters and hiring managers in identifying suitable candidates.
AllianceHCM is one of the nation's agile and innovative HCM software providers, catering to HR professionals and organizations seeking efficient talent acquisition solutions. Its software update is accessible to its user base, including HR professionals and businesses across the United States.
Chief Technology Officer at AllianceHCM, Paul Fleischman, remarked,
Customers always tell us that hiring the right people quickly is a top priority. We're committed to pushing the envelope to help HR and business leaders, and using AI in recruiting minimizes some of the biggest pain points of hiring.
[Source: Cision PR Newswire]
Paul further emphasized other innovative customer-driven enhancements that their team will release in the near future.
This update introduces an AI-powered job description builder, enabling HR professionals to swiftly create precise and engaging job descriptions. This tool leverages AI to incorporate industry trends, HR best practices, and job requirements, resulting in descriptions that resonate with potential candidates. Additionally, AllianceHCM introduces an AI-driven resume summary generator, which automatically extracts essential qualifications, experiences, and achievements from submitted resumes, simplifying the initial screening process. These AI-driven enhancements are seamlessly integrated into the existing AllianceHCM platform, benefiting current users and furthering the company's dedication to supporting efficient and effective recruitment practices.
About AllianceHCM
AllianceHCM is committed to delivering a comprehensive human capital management system tailored to the specific requirements of our valued customers. Its technology is designed to address the essential needs of managers, payroll experts, and HR professionals, offering a seamless solution for hiring, compensating, and effectively managing employees. What sets the company apart is its commitment to exceptional customer service, ensuring that its clients receive the same level of support that its founding customers enjoyed over 30 years ago when HR technology was in its infancy. Currently, AllianceHCM products provide a unified and secure solution that seamlessly integrates with the existing platforms, granting the freedom to redirect focus towards serving the businesses' own customers.
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