COMPENSATION MANAGEMENT

Hibob Unveils Compensation Management Module for HRIS Platform

Hibob | November 11, 2020

Hibob – the extraordinary HR tech organization that helps high-development organizations build up their representatives and their way of life – is disclosing a compensation the board module for its HRIS stage, 'weave', a hearty stage depended upon by a large number of current, moderate sized and worldwide organizations over the globe. The expansion of this compensation usefulness will manage the cost of numerous advantages to scaling organizations, specifically in helping them assess, survey and distribute worldwide compensation financial plans intelligently, productively and without mistake.

"By simplifying and automating organizational allocation of base pay, variable pay, bonus, and equity, Hibob's new feature is a one-stop solution for companies looking to effectively manage compensation distribution – all while aligning actions with appropriate governance and risk," said Ronni Zehavi, CEO of Hibob. "Especially for fast growing companies, this customizable product update will be an immeasurable help in moving away from the chaos of confusing and error-prone spreadsheets to the implementation of an efficient, accurate and easy process designed to allow multiple stakeholders to handle complex compensation rules and compliance."

Hibob's new element additionally outfits authority with the capacity to furnish HR groups with the correct apparatuses to drive educated compensation choices. It encourages certain dynamic by making the correct information accessible to partners at the specific time they are investigating the worker's compensation. The compensation the executives arrangement rearranges measures for organizations, and straightforward in this module is splendid. HR experts utilizing it won't have to go through months gathering information and refreshing accounting pages, and can successfully serve their staff in a more smoothed out methodology.

GiG, a main worldwide B2B stage arrangements and media supplier in the iGaming area, used Hibob's compensation highlight in front of its authority rollout in a private beta and at present use the framework to put together and smooth out their representative compensation structure.

"Using [bob's compensation module] has helped me and my team save 50% of the time previously dedicated to compensation review. One of the reasons behind the time saved is the ability to share compensation details directly with the managers, cutting out the necessity to organize ad hoc meetings," said Claudia Ginex, Director of People at GiG. "You can immediately download a master sheet of all the compensation recommendations which supports the transparency of the process. We closed the compensation cycle in less than 15 days and without the help of this technology, we would have spent our nights on this process, stressing over whether our managers have been given the right data. bob's efficiency is helping us in resolving these and other upcoming challenges," continued Ginex.


Hibob was worked with the arrangement that the universe of work is evolving. The organization's conviction that the intricacy of the present human asset the executives goes a long ways past the requirements of a 'arrangement of records' and requires a 'arrangement of commitment', prompted the making of Hibob's customized, comprehensive and information driven way to deal with individuals the board. Accessible now to weave customers and new clients, Hibob's worldwide compensation the board arrangement is an additional layer to the HR stage's abilities customized explicitly to moderate sized organizations requiring a modernized way to deal with following compensation and compensation.

"Especially in today's constantly changing work landscape governed by the presence of new hires, salary increases for tenured employees, or even pay cuts, this new capability will provide our clients with the opportunity to collaborate and track compensation in a single, intuitive platform. Hibob is thrilled to bring this innovation to the market to help our clients navigate their planning in a clear and cohesive manner," Zehavi concluded.

Spotlight

This paper emphasizes how analytics can help HR leaders scrutinize the problems inherent to these processes. It also highlights how some key HR challenges can be addressed by using predictive analytics.


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HR STRATEGY

SIA Honors Leo Russell in Staffing 100 North America List

Pride Global | March 07, 2022

In recognition of his continued leadership and innovative approach to human capital solutions, Pride Global Founder and CEO Leo Russell has been honored with inclusion on the 2022 Staffing 100 North America list published by Staffing Industry Analysts (SIA). Previously named to the 2021 list, Russell's bold approach to navigating a dynamic employment market and establishing his company's new Decidedly Diverse initiative secured his spot for the second year running. In its announcement of the list's publication, SIA highlighted the unique challenges faced by staffing industry leaders in 2021. "Working relentlessly to move their companies and the workforce solutions ecosystem forward," said SIA editor and publisher Subadhra Siriam, "these intrepid professionals have done what it takes to ensure the workforce solutions ecosystem continues to thrive." "Helping people find work in America—and now, around the globe—is truly as good as it gets, I'm honored to be included among so many incredible professionals in our industry, and I'm looking forward to doing my part to ensure we're helping the world work in every possible way." -CEO Leo Russell Russell launched Pride Global in 1983 as Pride Technologies, initially focusing on providing IT services to the financial industry. In the decades since, Russell oversaw the company's transformation to an international enterprise with more than 4,500 associates across 10 brands. In addition to his work with Pride Global, he has founded Pride in Education, a 501(c)(3) nonprofit organization that offers a full range of vocational training and educational opportunities for diverse communities, as well as the Diversified Staffing Alliance trade association, which provides firms with diverse ownership access to business opportunities with leading corporate clients. About Pride Global Pride Global is a minority-owned integrated human capital solutions firm that helps companies solve complex human resource challenges from its headquarters in Manhattan. The Pride Global network of companies operates throughout the U.S., U.K., India, and Brazil, offering a comprehensive range of human resources solutions, including managed services, vendor management, payroll programs, business process optimization and staffing for both direct hire and contingent labor, among others.

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TALENT MANAGEMENT

U.K. Essential Services Provider Selects UKG to Support Rapid Growth, Empower Its 10,000-Employee Workforce

UKG | May 21, 2022

UKG, a leading provider of HR, payroll, and workforce management solutions for all people, announced today that M Group Services, one of the largest essential infrastructure services organizations in the U.K. and Ireland, has selected UKG Dimensions to support its rapid growth and provide a more transparent and empowering employee experience. M Group Services employs more than 10,000 skilled specialists and provides services within the water, energy, transport, and telecommunications sectors. With 240 locations, 19 operating businesses, and continued growth by acquisition, the organization sought a flexible workforce management solution to support its complex and highly remote workforce as well as improve productivity and operational efficiency. “We have a mix of salaried and hourly employees, including meter readers, utility workers, field systems technicians, and engineers — many who work offsite each day. There’s also a lot of complexity in our business and how we pay people based on the type of work they do, For years, we’ve relied on spreadsheets to capture the hours our employees work, which has proved to be a cumbersome and inaccurate operation. Dimensions will automate those processes to ensure we’re getting the data right and paying our people correctly. Dimensions will empower our people to be in control of their time by allowing them to record their hours directly in the system, In turn, that will give us much-needed, real-time visibility into labor hours so we can charge clients correctly and ensure every employee paycheck is accurate.” -Colin Jellicoe, group human resources director at M Group Services. A key driver for the organization’s selection of Dimensions is the ability to integrate with the company’s payroll solution, which M Group Services estimates will save more than $1 million in administrative costs. Jellicoe added that the Dimensions mobile app will deliver a more transparent and engaging experience for all employees, which is critically important to the organization. M Group Services believes the increase in employee engagement will result in an increase in retention. About 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.

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HR STRATEGY

BrightPlan Unveils Strategy and New Solutions to Address Top Business and HR Challenges

BrightPlan | January 20, 2022

BrightPlan, a leader in Total Financial Wellness, today unveiled its strategy and first phase of new solutions for addressing four top challenges business and HR leaders continue to face in 2022: attracting and retaining talent, driving employee experience and engagement, supporting employees' holistic well-being and fostering a culture of diversity, equity and inclusion (DE&I). BrightPlan's integrated strategy encompasses new and enhanced product capabilities including the Total Rewards Statement, financial wellness check-up and data and insights that support employer DE&I efforts. Close to two years into the pandemic, the war for talent rages on as a substantial number of workers continue to fuel the Great Resignation. In November 2021, a record number of 4.5 million Americans voluntarily quit their jobs. Lack of engagement and burnout is common: 67% of employees are disengaged at work and 85% say their well-being has declined. Inclusion is also important in this mix with 51% of employees who quit did so because they did not feel a sense of belonging. At the heart of these issues is the employee experience: talent acquisition, engagement, wellness and DE&I challenges all stem from disconnected or unhappy employee experiences that impact the way we work. "The long, anticipated future of work is now, By supporting our customers, listening closely and responding to their evolving needs, we are providing tangible solutions that enable them to address these business challenges, further establishing our commitment as a trusted partner to employers and HR leaders nationwide." -Marthin De Beer, founder and CEO of BrightPlan. BrightPlan's multi-phased strategy outlines the company's approach to solving four pressing challenges faced by businesses today: Attracting & Retaining Talent: To win in this competitive talent market, employers need to create a reputation for stellar culture and a great place to work. In the quest for hiring top talent, recruiters aren't always well-equipped to sell the value of an employer's Total Rewards offering and current employees may not fully understand the benefits that are already available to them, putting employers at a disadvantage in competing for top talent. BrightPlan's new Total Rewards Statement, is an easy-to-use tool customized by company and job candidate that explains the value of total rewards. Additionally, BrightPlan is developing more financial education courses integrated with employer benefits that are relevant to different life stages, like Investing 101 and BrightPlan Guides to getting married, buying a home and more. Employee Experience & Engagement: In our new work reality, employers need to provide their people with the services and support they need to be well, engaged and productive by bringing empathy, care and a more human experience into the workplace. This is core to the employee experience as workers increasingly demand support from their employers. For example, the employee experience is compromised when benefits are inconsistent across geographies and spread across multiple, disjointed platforms. With BrightPlan's recently announced global support for employees of US-based companies working in Canada, the U.K., Australia and New Zealand, as well as expanded services for tax planning and preparation, estate planning, student loan optimization and investing enhancements, BrightPlan's Total Financial Wellness solution helps create a more cohesive experience that addresses all aspects of employees' financial lives. Holistic Well-Being: Holistic well-being recognizes the need to care for the "whole person," including their physical, mental, financial and social well-being, but many employee wellness programs are incomplete, generic and obscured. They ignore the top cause of employee stress – finances. Nearly 65% of workers reported they were stressed about finances, leading to worsened mental and physical health. With BrightPlan's new financial wellness check-up —a series of questions to gauge employees' financial wellness—employers receive aggregated insights on the financial well-being of their employees. In addition, BrightPlan provides quarterly reports and dashboards that bring clarity into the adoption and success of employee holistic well-being initiatives. "Supporting employee holistic well-being means meeting people where they are physically, mentally and financially, BrightPlan helps us empower our associates to bring their best selves to work. We are excited they continuously listen to our feedback and develop capabilities to further support our associates in achieving their financial goals." -Lindsay Madaras, LivingWell manager at Alliance Data. Diversity, Equity & Inclusion: Fostering a culture of inclusiveness and belonging where every individual feels welcome can be challenging. There is no one-size-fits-all solution and many employer programs do not adequately address the unique needs of underrepresented groups. Financial wellness is key to DE&I since true diversity, equity and inclusivity in the workplace is about recognizing each employee's unique background and supporting them in their well-being journey. Due to the wealth gap for underrepresented groups, inclusion in the workplace should also focus on fostering a sense of financial security through equal pay, equal opportunity and access to resources such as financial wellness benefits. BrightPlan partners with HR teams to address the unique needs of different employee populations through employee resource groups (ERGs). In addition to providing quarterly engagement reports and dashboards, BrightPlan's strategy includes working with each employer to bring DE&I-specific insights into the equation, enabling HR leaders to drive customization and improved decision-making. Further, BrightPlan is adding Spanish-speaking financial advisors to make financial wellness more accessible to diverse employee populations. Amid continued accelerated change in the workplace and in employees' lives, BrightPlan's strategy is a blueprint equipped with tangible solutions for addressing key challenges faced by businesses today and provides takeaways for shaping the future of work. For more information on BrightPlan's strategy and solutions in these four areas, please visit this link. About BrightPlan BrightPlan is a leader in Total Financial Wellness. BrightPlan provides a comprehensive solution that addresses all aspects of employees' financial health at every stage of life, and empowers HR teams to enhance the employee experience and better attract, retain and engage talent. Its unique combination of digital platform and human advisors enables employers to deploy at scale while delivering personalization for employees. The company is the first financial wellness solution certified for fiduciary excellence by the Centre for Fiduciary Excellence (CEFEX).

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HR ANALYTICS

The Starr Conspiracy Announces 2022 Partnership With Punk Rock HR Podcast

THE STARR CONSPIRACY | December 30, 2021

The Starr Conspiracy, a B2B marketing agency focused on companies creating the future of work, announced that it will be the exclusive underwriting sponsor for Laurie Ruettimann's Punk Rock HR podcast for 2022. As a podcaster, entrepreneur, author, CNN commentator, and popular guest speaker, Ruettimann is focused on creating workplace cultures that support, empower, and engage workers meaningfully. Her book Betting On You, released this year, was featured on NPR, The New Yorker, USA Today, The Wall Street Journal, and Vox. The Starr Conspiracy frequently books its clients on podcasts with significant reach. Punk Rock HR, a top 5% podcast based on audience, is widely followed by HR leaders and practitioners as well as corporate leaders who want to improve the work experience. "The future of work has arrived and it's even more challenging than it was prior to 2020, Laurie's voice as an authentic advocate for creating better employment experiences that benefit everyone — individuals, managers, and employers — is more important than ever." -Steve Smith, partner and Chief Marketing Officer at The Starr Conspiracy. For over 20 years, Ruettimann has told work-life stories as a thought leader, author, podcaster, keynote speaker, and consultant. As a former human resources leader for companies like Monsanto and Pfizer, she believes that it is way past time to fix a world of work that's broken. Through her storytelling and provocative interviews, Laurie casts a spotlight on innovators, leaders, and practitioners who are trying to fix the world of work. ABOUT THE STARR CONSPIRACY You're busy creating the future of work. You don't have time to teach an agency what you do. At The Starr Conspiracy, your work is our business. Brand or demand. Traction or scale. ABOUT PUNK ROCK HR Since 2018, Punk Rock HR has been a popular podcast focused on fixing work. It airs on Mondays on all podcasting platforms. Last year, it reached the milestone of over 500,000 downloads. Each week, Laurie talks to thinkers, entrepreneurs, technologists, and others who are innovating in the new world of work. Past guests have included politicians, thinkers, and leaders like Andrew Yang, Amy Edmondson, Zach Nunn, Julie Zhuo, Bob Sutton, Adam Alter, Julie Lythcott-Haims, Erica Dhawan, Lindsey Pollak, Torin Ellis, and Dan Schawbel.

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