HR ANALYTICS

JOON Raises $2.3M to Strengthen HR Wellness Benefits That Staffs Actually Use and Appreciate

JOON | July 21, 2021

JOON, the first platform to cover all dimensions of employee wellbeing in one place. This corporate wellness solution substituting one-size-fits-all perks and manual expenditure reporting with accessible and individualized aids announced that it had raised a $2.3 million Series Seed. Alpha Edison led this with participation from Rock Health, Roth Martin Co-Founder - Rothy's, Allan Jones HR Founder - Bambee, Alex Bitoun Co-Founder - Livongo, David Baga CEO - Even.com, Alex Canter Ordermark Founder and Twenty40 Ventures Partner, Jonathan Neman Co-Founder - Sweetgreen, and Anthony & Joe Vennare Founders - Fitt Insider.

During this past year's Covid-19 pandemic, corporates shifted to remote work; JOON grew its customer base tenfold as employees and employers wanted to improve work-life stability and wellbeing. Top employers like Ordermark, OLIPOP, 72andSunny, Lunchbox, and Hi Marley now use JOON to control their wellness agendas, improve employee engagement and retention, and better compete for top talent.

Contrasting most assistances platforms that issue cards or have a limiting list of qualified vendors, JOON works by connecting employees' existing bank accounts and debit or credit cards. Employers can select approved groups or individual vendors, and JOON's algorithm and technology run in the background, flawlessly conducting approvals and reimbursements.

JOON offers wellness categories such as family care, education, mental health, fitness, and food all under one roof. Thus, giving every employee the freedom to select what's important to them. The significant reduction in friction enables HR teams to go from dull programs with low engagement to lively programs with high participation. The result is an 80% employee acceptance rate; otherwise, the average industry is 10%.

JOON intends to use the seed subsidy to develop its platform to offer a much-improved reporting setup for HR teams and added the practice to help workers line up their aids with their individual and professional goals. The organizations already offer concessions and incentives at select vendors and are gradually becoming a launching pad for brands to build consciousness amongst well-being-focused customers.

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DIVERSITY AND INCLUSION

Enterprise Organizations Drive DE&I Engagement with New ERG Tools from WeSpire

WeSpire | May 26, 2022

WeSpire, a frontrunner in employee experience solutions for ESG programs, unveiled its newest employee research group (ERG) management tool. The new solution is an exhaustive offering that deliver a 360-degree view of the workforce to organizations. It enables them to bolster their organizational diversity, equity, and inclusivity quotients. “With a truly global workforce where over 95% of employees have the option to work remotely, we’ve invested in modernized technology to drive meaningful connections between our employees, effectively rolling out WeSpire’s tools has enabled us to tie the growth of our ERGs - which now serve thousands of Akamai employees - to broader company inclusion, diversity, and employee engagement goals.” -Khalil Smith, Vice President, Inclusion, Diversity, and Engagement at Akamai Technologies The WeSpire platform’s ERG management tool will enable organizations to: Boost internal communications and respond to employee ideas, feedback, and needs Equip ERG leaders to share resources with teams, promote targeted activities and access a suite of ready-to-launch events and initiatives Discover insights into vital human resource issues and collect HR data for future decision-making “To attract and retain the high level of talent required to fuel our growth strategy, we needed to accelerate our digital transformation and ensure we’re delivering what today’s employees expect in the workplace, especially from a large company. The power of WeSpire’s software has enabled us to evolve and modernize our CSR strategy by empowering ERG champions to easily run programs and events that improve company culture and employee retention.” Global healthcare provider, Sanofi, generated impressive value with the engagement tools through its freshly launched ERG initiatives. -Paula Bulcao, Director, Global Public Affairs, at Eastman, a global specialty chemical company. “Cultivating an inclusive culture is no longer a nice to have for companies – it’s a requirement, We’re providing companies with the digital tools and resources to reduce the administrative load of managing their groups and communities while meeting employee passions. When ERGs are designed, implemented, and measured effectively and aligned with a company’s mission and values, they can be transformative in driving belonging and enhancing the strategic benefits of diversity in the workplace.” -Susan Hunt Stevens, Founder & CEO, WeSpire.

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WORKFORCE MANAGEMENT

NewCo Capital Group Pays Special Bonuses having maintained full salaries and benefits packages through the difficult and ongoing pandemic.

NewCo Capital Group, LLC | January 17, 2022

NewCo Capital Group ("NewCo" or the "Company"), a leading provider of services, tools and capital to the SMB ecosystem that fosters growth for small-medium business across the United States, announced it completed paying special bonuses while increasing existing compensation packages to current employees all of whom are greatly appreciated and valued within the organization. Over the last 18 months, no employees were asked to take temporary pay reductions as NewCo Capital Group understands that its employees and contractors are the core competencies that define the exceptionalism for which the organization is known. Unlike some of its lesser counterparts, at no time did NewCo need to furlough any employees during the pandemic. Furthermore, the organization believes that it had a responsibility to assist its employees during this difficult time. The Company believes that its action to pay special bonuses and increase compensation packages are consistent with the organization's values and culture. The organization believes that it had a responsibility to assist its employees during this difficult time. In December 2020, CNBC reported that a MagnifyMoney survey revealed that roughly 1 in 3 full-time workers experienced a pay cut due to the coronavirus pandemic. NewCo believes that not only did most companies not pay any special bonuses to their employees, some providers of capital unfortunately forced pay reductions of at least 10 percent on their already underpaid staff. "We founded NewCo to promote a sustainable-funding solution for small business owners while providing greater opportunities for our employees and contractors alike. Newco's delivery on that promise is consistent with that mission and we're proud to be a citadel during these difficult times. Our values and corporate culture continues to guide us and NewCo will continue to deliver an exceptional product and retain its position and influence as a Preferred Merchant Cash Advance provider within the industry." - Albert Gahfi, CEO of NewCo About NewCo Capital Group, LLC NewCo Capital Group is an Alternative Finance company specializing in MCA Bridge-Capital. As a Preferred Provider, the company is focused on fostering growth within the Small and Midsize Business (SMB) ecosystem. We are passionate about providing fast and easy access to capital for small businesses to help them grow, scale and create jobs. Our technology, proprietary methods and extensive experience is what differentiates us allowing us to maintain our competitive edge and continue to provide value to our Merchants and employees alike.

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RECRUITMENT & RETENTION

USO Announces Strategic Relationship with EY to Expand Career Opportunities for the Military Community

EY | February 07, 2022

The United Service Organizations (USO) and Ernst & Young LLP (EY) are joining forces to support professional development within the military community. During a three-year strategic relationship, the USO and EY will create career and mentorship opportunities for service members and their spouses. "The USO and EY share a commitment to helping others become the best versions of themselves. This relationship will allow thousands of our brave troops and their spouses to plan rewarding professional lives that leverage their unique skillsets, EY representatives already sit on six USO advisory boards throughout the United States, and we are looking forward to even more cross-organization engagement in the future." -USO CEO and President J.D. Crouch II. A $1.5M donation and pro bono services from EY will support numerous USO initiatives between Jan. 2022 and Dec. 2024. These include the USO Pathfinder® Transition Program, which connects the military community to employment, education, financial readiness, and mentorship opportunities. It is a crucial resource for the 200,000-plus service members and 650,000-plus military spouses who experience a major life transition each year. The strategic relationship will also strengthen EY's hiring initiatives while raising awareness of the USO's important role in military career development. EY employees will have a chance to meaningfully engage with service members through mentorship, board positions, and storytelling. Each interaction will help bridge the military-civilian divide and give more than thanks to those in uniform. About the USO: The USO strengthens America's military service members by keeping them connected to family, home, and country, throughout their service to the nation. At hundreds of locations worldwide, we are united in our commitment to connect our service members and their families through countless acts of caring, comfort, and support. The USO is a private nonprofit organization, not a government agency. Our programs, services and entertainment tours are made possible by the American people, the support of our corporate partners, and the dedication of our volunteers and staff. To join us in this important mission and learn more about the USO, please visit USO.org or follow us on Facebook, Twitter, and Instagram. About EY: EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

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HR STRATEGY

Wpromote Wins Glassdoor Employee's Choice Award, One of the Top 50 Best Places to Work in 2022

Glassdoor | January 15, 2022

Wpromote was named one of the top 50 Best Places to Work in 2022 and awarded a Glassdoor Employees' Choice Award across all industries in the U.S. small and medium company category. The 14th annual Employees' Choice Award is based solely on elective, anonymous employee feedback about their job, work environment, and employer on Glassdoor, the worldwide leader on insights about jobs and companies. We don't believe great work is possible without a supportive culture that prioritizes a strong-work life balance, Our people are the driving force behind our success as an organization and what we can achieve for our clients, and continuing to improve the way we work through employee feedback is a top focus. As a leader, this should be a no-brainer: a better work culture and investment in our employees' growth means people are more willing to try new things, take risks, and unlock their full potential. -Wpromote CEO Mike Mothner Between pandemic disruption, "The Great Resignation," and a hyper-competitive job market, both retention and talent acquisition are particularly challenging for organizations across every industry. Marketing agencies in particular have struggled to retain employees. But 95% of reviewers on Glassdoor are willing to recommend Wpromote to a friend because investment in workplace improvement and culture is not a brand new priority and is constantly evolving based on multiple employee feedback mechanisms, including an annual employee engagement survey. On Glassdoor, current and former employees voluntarily and anonymously share insights and opinions about their work environments by sharing a company review, designed to capture a genuine and authentic inside look at what a specific job may be like at a particular company. "The world of work is rapidly evolving, fueled by the pandemic and now millions of workers reevaluating their expectations from employers. This year's Best Places to Work winners are leading the way by listening and responding to employee feedback and reimagining the employee experience to truly put their people first, It's inspiring to see these employers step up during the pandemic to expand and grow company cultures where employees feel supported and valued in and out of work. Congratulations to all of this year's Employees' Choice Award winners." -Christian Sutherland-Wong, Glassdoor chief executive officer. Glassdoor's Best Places to Work were determined using company reviews shared by U.S.-based employees between October 20, 2020 and October 18, 2021. To be considered for the U.S. small and medium company category, a company must have had fewer than 1,000 employees and have received at least 30 ratings across each of the nine workplace attributes (overall company rating, career opportunities, compensation and benefits, culture and values, diversity and inclusion, senior management, work-life balance, recommend to a friend and six-month business outlook) taken into account as part of the awards algorithm. The final list is compiled using Glassdoor's proprietary algorithm, led by its Economic Research Team, and takes into account quantity, quality and consistency of reviews. About Wpromote Wpromote is a digital marketing agency that helps our clients Think Like A Challenger: from enterprise brands to fast-growing digital disruptors, we believe that the right marketing strategy can help every business connect with customers and drive profitable growth. With 6 offices across the United States, we help leading brands like Whirlpool, TransUnion, Zenni, Adobe, and Frontier Airlines achieve not just performance increases but success against overall business objectives by taking a holistic approach that combines best-in-class expertise and proprietary technology. As the top Performance Marketing Agency in the latest Forrester Wave, we're proud we don't answer to anyone's interests but our clients. About Glassdoor Glassdoor is revolutionizing how people everywhere find jobs and companies they love by providing deeper workplace transparency. Professionals turn to Glassdoor to research ratings, reviews, salaries and more at millions of employers, and to Fishbowl by Glassdoor to engage in candid workplace conversations. Companies use Glassdoor to post jobs and attract talent through employer branding and employee insights products. Glassdoor is a subsidiary of Recruit Holdings, a leading global technology company, and a part of its fast-growing HR Technology business unit.

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