HR ANALYTICS, HR STRATEGY

Lever Unveils Talent Maturity Model for Companies to Generate Insights into Their Current Recruitment Strategy

Lever | June 30, 2022

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Leading talent acquisition suite Lever introduced their Talent Maturity Model to assist businesses in understanding their existing hiring practices and pinpointing areas for development. Companies are under pressure to keep up with a changing environment and people's needs in today's competitive market to hire top personnel.

According to BLS data from June 2022, there were 11.4 million unfilled positions, demonstrating that businesses are still having difficulty hiring the finest candidates for their enterprises. Although it is obvious that hiring and talent acquisition are more crucial than ever for brands and businesses, sometimes firms fail to notice flaws in their hiring procedures that can hurt their ability to recruit in this market. The Talent Maturity Model was developed by Lever to assist businesses in assessing their present capabilities, understanding their short- and long-term goals, and creating an action plan to assist in the evolution of their talent acquisition strategies.

"It's critical for companies to understand where they may fall short when it comes to their talent acquisition process. Whether companies are still hiring at a high volume, or focusing on retention, with Lever's Talent Maturity Model, our goal is to support companies in knowing what's needed to thrive and grow while providing practical steps on how to get there."

- Nate Smith, CEO and Founder of Lever

Spotlight

The Randstad Award is the world‟s largest public opinion survey, measuring the market perception of employers with the largest workforces across 25 countries. It offers unique insights into the key drivers of talent attraction, engagement and retention and culminates in recognising the nation‟s Most Attractive Employer – the Randstad Award winner – every year. The Randstad Award is the only Award and employer branding research project of its kind in Australia and around the world. Organisations cannot nominate to participate, there is no judging panel and it is not an internal employee survey. The ranking system is based entirely on the perceptions of Australia‟s 150 largest private and public employers (by workforce size), from over 10,000 independently selected Australians. So the Randstad Award is the truest reflection of employer attractiveness for the largest 150 employers as voted by a country‟s workforce.


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HR STRATEGY,EMPLOYEE BENEFITS

UKG Announces 2022 Innovation Award Winners at UKG Aspire

UKG | November 25, 2022

UKG, a leading provider of HR, payroll, and workforce management solutions for all people, today announced winners of the UKG Aspire 2022 Innovation Awards, which celebrate customers using UKG people technology in innovative ways to solve complex problems, create empowering workplaces, and drive exceptional business outcomes. The Innovation Awards are a longstanding UKG tradition that recognizes the achievements of customers going above and beyond to create meaningful and connected experiences for their people, including past winners BJ’s Wholesale Club, Clif Bar and Company, City of Oklahoma City, FIRST Premier Bank and Premier Bankcard, and Trexon. “Customers are at the heart of everything we do. They are the driving force behind our ‘Partner for Life’ promise, as well as our commitment to constant innovation, This year’s award winners represent the incredible successes of our customers worldwide, across our solutions. We celebrate their accomplishments and applaud their innovative spirit.” -Bob Hughes, chief customer and strategy officer at UKG This year’s UKG Aspire Innovation Awards winners include: TravelBrands and Coast Mental Health in the Product Suite category, for their innovative use of the UKG suite of human capital management and workforce management solutions. One of the largest travel companies in Canada, TravelBrands is leveraging UKG to scale its continued growth. Since rolling out its full-suite solution, the company has experienced a 10% decrease in employee turnover, a 50% decrease in time spent creating financial reports, and a total first-year savings of $150,000. Meanwhile, Coast Mental Health, a provider of housing, support, and services to people in Canada with mental health challenges, is using UKG to manage its complex union workforce. Managers no longer have to spend hours calculating premiums related to collective agreements, and its finance center doesn’t have to allocate cost centers and percentages. Bethpage Federal Credit Union and Hamadeh Educational Services, for their successes in HR Transformation. With UKG Pro, managers at Bethpage have a more active role in the recruitment process. The company has automated offer letters and transfer forms, and eliminated spreadsheets previously used for compensation planning. With UKG Ready, Hamadeh has moved from paper to a fully electronic system, dramatically cutting its carbon footprint and saving several hours each week that had been spent on filing, scanning, copying, and shredding. Co-Operators, for ROI achieved through its use of Pro. The Canadian-owned insurance co-operative is leveraging data and insights from its UKG solution to create dozens of easily accessible dashboards and reports, saving more than $300,000 in productivity improvements and system savings. Greenville County Schools, TTCU Federal Credit Union, and Community Healthcare System, for their innovative use of UKG Life-work Technology, in the Innovation Evangelist category. With UKG Wallet, all 11,000 employees at Greenville County Schools have early access to their earned wages as well as payroll cards, discounts, and financial wellness tools, providing an additional measure of financial stability. Community Healthcare System is using UKG Dimensions employee self-scheduling, which allows workers to select their preferred shifts — leading to greater autonomy, satisfaction, and overall engagement. And with UKG HR Service Delivery, authorized employees of TTCU Federal Credit Union can access documents from anywhere, dozens of manual tasks have been moved to a digital workflow, and the organization’s service desk is administering more than a dozen types of actions and requests. The results we’ve experienced with our full-suite UKG solution, in just one year, are simply remarkable, Not only have we gained significant efficiencies, but we’re also providing a more empowering and engaging experience for our employees in support of the important, people-centric mission we share with UKG,said Diana Valler, chief human resources officer at TravelBrands. Championing great workplaces and helping to create purposeful work through the use of innovative technology are central to who we are, Our purpose is to create meaningful experiences for organizations and their people, and we are proud of, and humbled by, the outstanding results UKG technology delivers every day to our award winners and all our customers across the globe,said Chris Todd, CEO at UKG. 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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RECRUITMENT & RETENTION

Compete Aligns with Globalization Partners to Enhance Global Recruitment Process

Compete and Globalization Partners | September 21, 2022

Compete, developers of the leading SaaS platform for real-time compensation and benefits benchmarking, has announced that it will be partnering with (G-P), the leading Global Employment Platform™ that makes it fast, simple, and compliant for companies to hire anyone, anywhere. Together, they will enable companies to hire talent in over 187 countries smartly and competitively. This announcement follows the launch earlier this year of G-P Recruit by Globalization Partners. G-P Recruit provides G-P Customers with exclusive access to an unrivaled network of global recruiting specialists to find the perfect talent based on their unique requirements, including industry, location, prior roles, and more. Given how benchmarking salaries and benefits is one of the most significant components of the hiring process, Globalization Partners was looking for an organization capable of integrating this data into its global employment platform. This is essential to enable companies to quickly identify and hire new team members in key locations globally. Compete provides immediate insights into complete compensation package data and enables organizations to develop more effective workforce management strategies. Compete empowers leaders with analysis of over 50 types of benefits, real-time benchmarking data, advanced analytics, and tailored insights to support hiring decisions, identify risks, improve retention, and develop informed compensation policies. "Companies are trying to navigate the challenges of hiring talent as employee motivations have shifted beyond monetary benefits to include things such as more flexible remote working environments, more accommodating leave policies, and the like, We are excited about this integration with Compete to empower customers worldwide with insights on the compensation packages unique to each region and to support their ability to hire talent with just a few clicks via our platform.” -Nick Adams, Director EMEA at Globalization Partners The real-time benchmarking of compensation data provided by Compete reflects a dynamic talent environment. This is one where organizations are reliant on accessing the right data to make smart decisions around talent acquisition to reduce the pay and equity gap many organizations are experiencing. Partnering with an industry leader like Globalization Partners reinforces our value proposition of providing organizations with a 360-degree understanding of real-time compensation benchmarking data, Our data, when combined with the global footprint of Globalization Partners, enable any organization regardless of location to gain a competitive advantage in the job market,said Amit Rapaport, CEO and Co-Founder of Compete. About Compete Visibility into common compensation and benefits practices is a must for developing workforce management strategies. Taking the guess out of guesswork, Compete gives an unfair advantage with immediate insights into complete compensation package data, including parental leave, work from home policies, and health benefits. An easy-to-use SaaS solution, Compete provides real-time data and instant analysis with advanced filtering capabilities perfectly tailored for tech companies. Founded in 2020 and headquartered in Israel, Compete is trusted by hundreds of leading tech companies around the world. About Globalization Partners Hire international talent quickly and easily. Use our AI-driven, automated, Global Employment Platform™ supported by our in-house, worldwide HR experts. Trust the named industry leader that consistently attains 98% customer satisfaction ratings. Globalization Partners: Succeed Faster.

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HR PRACTICE,HR STRATEGY

Cognizant to Expand Workday Expertise and Services with Acquisition from OneSource Virtual

OneSource Virtual and Cognizant | November 03, 2022

Cognizant (NASDAQ: CTSH) has entered into an agreement to acquire the professional services and application management practices of OneSource Virtual, a Workday partner based in Dallas, Texas. Acquiring these practices will complement Cognizant's existing finance and HR advisory implementation services with Workday, expanding capabilities in consulting, deployment, and post-deployment support across North America and the United Kingdom. "Adoption and migration to the cloud to manage workflows is only accelerating, and the Workday platform ecosystem continues to be embraced as a critical tool to provide finance, HR, and other functions greater resiliency and agility. Acquiring the professional services and application management practices from OneSource Virtual enables Cognizant to expand our client offerings and provide end-to-end support in the business transformation journey, We are pleased to be welcoming the talented professionals from OneSource Virtual who will join Cognizant in growing and expanding our Workday capabilities globally." -Rob Vatter, Executive Vice President of Cognizant's Enterprise Platform Services Cognizant will gain nearly 400 new employees upon closing of the acquisition, enhancing its expertise and number of professionals holding certifications in Workday implementation and support. Located throughout the United States, Canada, and the United Kingdom, these individuals will join Cognizant as part of its Collaborative Solutions team, the hub of Cognizant's Workday practice. Acquired by Cognizant in 2020, Collaborative Solutions is one of the longest-tenured Workday Services Partners. We believe that our shared value of customer centricity makes Cognizant the ideal home for our professional services and application management services businesses while we concentrate on the Business Process as a Service (BPaaS) division going forward, We also believe customers will appreciate the way this sharpens the focus of the professional services, application management, and BPaaS teams and enables them to operate independently to speed up investment in new products and geographical expansion. In the end, what we are all about is providing growth and innovation for our customers, and we are confident that this will enhance our ability to do that more effectively,said Trey Campbell, Chief Executive Officer, OneSource Virtual. We are excited about Cognizant's acquisition of OneSource Virtual's professional services and application management practices, We look forward to continue partnering to help our customers embark on their digital transformation journeys and equip leaders with the finance and people insights they need to respond to shifting business needs,said Sam Alkharrat, Chief Partner Officer, Workday. The acquisition is anticipated to close by year-end 2022, subject to satisfaction of closing conditions. Financial details were not disclosed. About OneSource Virtual OneSource Virtual is a leading provider of Workday Services, Solutions, and Products. Founded in 2008 in Dallas, Texas, OSV operates in North America and Europe to deliver outcomes that boost productivity, improve compliance, and increase internal capacity for over 1,300 customers around the world. Since its founding, OSV has been awarded numerous accolades and has a 98% retention rate. OSV's leadership teams are composed of highly experienced professionals in their respective fields. Together they offer the expertise and deep knowledge of the global marketplace to deliver comprehensive solutions and services for HR and Finance and Accounting. About Cognizant Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life.

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HR ANALYTICS, WORKFORCE MANAGEMENT

VirgilHR Launches Web-Based Platform, Brings Real-Time, Self-Service Legal Guidance to HR Teams

VirgilHR | September 06, 2022

VirgilHR announces the launch of its new web-based platform, putting real-time, automated employment and labor law guidance at the HR team's fingertips. The disruptive SaaS platform empowers individual HR professionals and teams to make smart, well-informed employment and labor law decisions in the moment, without the need to research regulatory requirements. As an HR leader with experience at both public companies and growth-stage technology startups, Jocelyn King, CEO & Founder of VirgilHR, has had the privilege of supporting executives and departments in all functions across the business. "When we started building VirgilHR, we wanted to do two things - reduce the complexity and mitigate the risk of legal action from human error against companies and get HR professionals back to why they got into HR and building, growing, and nurturing great people and great cultures, With this evolution in our product, we've made it possible for every HR professional to have a real-time legal guide by their side." -Jocelyn King, CEO & Founder of VirgilHR VirgilHR hosts a proprietary database of employment and labor law requirements that helps HR professionals manage the compliance of employment decisions, including leave requests, final wages, and termination. HR team members can access real-time, prescriptive guidance across federal, state, and local employment and labor laws via the online web-based, self-service application. As part of the product launch, HR professionals are eligible for a 30 day free trial of VirgilHR with access to all employment modules and all features including: The VirgilHR chatbot built on smart, automation technology, which provides legal guidance to on labor and employment law queries in the moment, no research required Educational content, developed by experienced labor and employment attorneys Policy templates, which cover the newest labor and employment laws released across the country, to supplement employee handbooks The platform helps HR professionals navigate the complexities of employment and labor law, close the knowledge gap, and empower HR teams to make compliant employment decisions with ease and confidence. The company's early customers have come from organizations across the mid-market with small HR teams looking for efficiency gains; King sees growth for the business in manufacturing, construction, technology, government contracting, and medical services. About VirgilHR VirgilHR is the new evolution of HR compliance software, enabling HR professionals to spend more time on strategic objectives and less time on researching and tracking thousands of ever-changing employment and labor laws. Our mission is to help HR professionals navigate the growing employee complexities, close the knowledge gap and empower HR teams to make compliant employment decisions with ease and confidence.

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Spotlight

The Randstad Award is the world‟s largest public opinion survey, measuring the market perception of employers with the largest workforces across 25 countries. It offers unique insights into the key drivers of talent attraction, engagement and retention and culminates in recognising the nation‟s Most Attractive Employer – the Randstad Award winner – every year. The Randstad Award is the only Award and employer branding research project of its kind in Australia and around the world. Organisations cannot nominate to participate, there is no judging panel and it is not an internal employee survey. The ranking system is based entirely on the perceptions of Australia‟s 150 largest private and public employers (by workforce size), from over 10,000 independently selected Australians. So the Randstad Award is the truest reflection of employer attractiveness for the largest 150 employers as voted by a country‟s workforce.

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