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

Employee Productivity News
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.

Spotlight

Employee Engagement is one of Temkin Group’s Four CX Core Competencies. In other words, you can’t be customer-centric unless you have a highly engaged workforce. Make sure to visit our Employee Engagement Page. Engaged employees are the foundation to a successful organisation and a key ingredient of a customer-centric culture.


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HR PRACTICE

15Five Reshapes Performance Management With a Holistic and Insights-Driven Platform for HR Leaders

15Five | March 14, 2022

15Five today announced the release of Perform, a robust performance management solution designed to help HR leaders create a performance program that fits their organizational goals, culture, and technology stack. Perform enables HR leaders to run an end-to-end performance management cycle, from performance reviews through to employee compensation and career development conversations. The platform has been designed from the ground up to be easy-to-use for HR leaders, beneficial for managers and employees, and robust for managing the back-end administrative demands of a performance cycle for companies of any size. “As companies adapt to a new work environment, the performance review needs to evolve and adapt, In addition to helping employees develop in their roles and drive informed decisions for advancement and compensation, the modern HR leader needs a performance review system that saves time to deploy, is flexible to their needs, and embeds seamlessly into their existing solutions. We designed a streamlined workflow with the goal of saving HR's time.” -Vincent Huang, Chief Product Officer at 15Five. The Perform platform is informed by 15Five’s research, which revealed that there are several inconsistencies and gaps in how HR leaders, managers, and employees perceive and experience the performance review process and its outcomes. For example, 75% of HR leaders agree that the review process provides an accurate representation of performance. That confidence level drops to 66% of managers and 43% of employees. 79% of HR leaders think the process is fair and equitable, but only half of employees agree. Similar differences exist for perceptions around the ability of reviews to improve performance, engagement, and employee satisfaction. Data also suggests the need for a new approach to make this process effective in the modern workplace. Leveraging Perform, HR leaders and managers are given an opportunity to reimagine the performance review process at their organizations, close the experience gaps, and make the process impactful and fair to all involved. An Easy-to-Use Solution A problem common to many performance review platforms is they become cumbersome and fail to maintain a user-friendly experience as they mature. They rely on manual processes that are time-consuming, labor intensive, and fraught with human error. The result is that following implementation, the platforms are often left untouched by managers and employees. However, being easy-to-use is in Perform’s DNA. The product features facilitate ongoing, growth-oriented performance conversations that are seamlessly integrated into the performance review process for greater accuracy and ease of use. Dynamic integrations with HRIS platforms Perform also enables dynamic integrations with leading human resources information system (HRIS) platforms, beginning with ADP and followed shortly by Workday and UKG. It streamlines the process of real-time updating by automatically receiving employee data from the HRIS and sending performance review data back. As a result, the HRIS can be maintained as the ‘central source of truth’ for all employee data, from job roles to historical performance results. Built-in Flexibility Perform can be customized to neatly fit with any culture or tech stack to create an experience that’s convenient for HR leaders and easy for employees to adapt. It gives HR easy access to prebuilt dashboards that are readied for quick insights that drive action. Perform’s dashboard and data tools allow HR leaders to get granular when required or view a summary analysis for an immediate read of a situation, such as company-wide stats on review completions. About 15Five Founded in 2011, 15Five equips HR leaders to play a strategic role in their company’s growth. HR leaders use 15Five to combine engagement, performance and OKRs on one platform so they can make insightful decisions and take strategic action. Unlike other “command and control” performance systems, 15Five uses the latest in people science to turn managers and employees into self-driven owners of performance and engagement. To further the impact of talent on company growth, 15Five also provides education, coaching and community for HR leaders, managers and employees. HR leaders at over 3,200 companies, including Credit Karma, Spotify and Pendo, rely on 15Five’s software and services to make their talent a growth driver.

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HR STRATEGY

Hired Expands to Help Companies Find Talent Worldwide As Demand for Remote Work Doubles

Hired | March 30, 2022

Hired, the leading AI-driven solution for tech and sales talent, today announced its next milestone as a company – enabling hiring on a global scale. Vetting and matching millions of candidates for over 10 years across key markets in the U.S., Canada, and the U.K., Hired is evolving its marketplace strategy: expanding its platform for the remote era to help employers find talent from anywhere and job seekers gain access to and pursue attractive (remote) work opportunities with top global companies. Demand for remote work has more than doubled in the last year on Hired's platform, with over 60% of employers and 90% of candidates on Hired now being open to remote work. While Hired was focused on matching employers with candidates in the U.S., Canada, and the U.K. in the past, companies can now connect with job seekers from more than 100 countries following the platform's shift to remote hiring worldwide. Employers have visibility into candidates' upfront salary expectations, skills, years of experience – and now remote and time zone work preferences – to surface the best talent from anywhere and fill open roles quickly. "Hired has been a fantastic partner in helping us navigate this incredibly competitive talent market. We've been able to connect with so many qualified tech candidates and value their partnership to expand and find top remote talent, This has allowed us to quickly fill – and diversify – our talent pipeline. Having access to Hired's significant candidate network and platform capabilities as well as the team's recruiting expertise has been a game-changer in ramping up our hiring efforts in the most strategic and fastest way possible." -Jennifer Weiner, Senior Manager of Technical Recruiting at Zendesk. The rise of remote work has opened up the possibility for companies to hire globally with far more efficiency. Hired has partnered with leading global HR solutions Oyster and Remote to help employers more easily source, hire, onboard, and employ talent from anywhere. Through these partnerships, Hired customers have access to HR management solutions for international payroll, benefits, taxes, and compliance, among other needs. For companies, using existing global staffing solutions or third-party agencies to bring on remote talent from anywhere comes with high costs that continue over the entire duration of an employees' tenure. Hired – when used in combination with Oyster or Remote – will reduce costs for employers and provide the best options to find and hire talent globally. Companies can also make an unlimited amount of hires with Hired's subscription model. "At Hired, we decided to go remote-first and hire globally in 2020 and have seen firsthand the positive impact it's had for our employees and business. We're excited to support companies who also see the value of a distributed workforce and enable access to a significantly larger, more diverse talent pool, With this global expansion, we also want to level the playing field for talent, providing them with equitable opportunities no matter where they're located. This is a natural next step for us as we continue to work towards our vision of making hiring more equitable and transparent." -Josh Brenner, CEO of Hired. To launch this new shift to enable remote hiring worldwide, Hired will be holding a one-day virtual event, Get Hired: The Future is Remote, on April 5, 2022, intended to bring together companies – including leading remote-first companies Dropbox, Glassdoor, and Hopin – to remote talent from 100+ countries. Over 2,500 candidates across 50+ tech roles are already registered for the online event. Learn more about the Get Hired summit here and register today! About Hired Hired is the most efficient way to fill tech and sales roles today. With unbiased insights, DEI tools, skill assessments, and dedicated Customer Success Managers, Hired works with over 10,000 companies around the world to match thousands of active and qualified candidates to employ their full potential. With better data, curated matches, and higher acceptance rates, employers save an average of 45 sourcing hours per role with the Hired solutions suite. Backed by The Adecco Group, Hired is rated by G2 as a leader in Recruiting Automation, Job Search Sites, and Diversity Recruiting.

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HR STRATEGY

Paychex Honored for Excellence in Employee Health and Well-being

Paychex | April 20, 2022

For the ninth time, Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has been honored by the Business Group on Health with the Best Employers: Excellence in Health & Well-being Award. Paychex was recognized for the outstanding commitment to advancing employee well-being through comprehensive and innovative benefits offerings for its 15,000 employees. Paychex is one of 44 large U.S. employers that received the recognition, which is based on a series of criteria including leadership and culture; holistic well-being approach, including mental health, financial security, physical health, social connectedness and job satisfaction; and metrics and program evaluation. The winners all demonstrate a clear well-being strategy with measurable objectives and incorporate principles of diversity, equity and inclusion into their health and well-being efforts. "Paychex has demonstrated a strong commitment to employee well-being, all against the backdrop of a pandemic and a parallel mental health crisis," - Ellen Kelsay, CEO and president, Business Group on Health. "Our benefits and well-being program is guided by a sincere desire for our employees' lives to be better because they chose to work at Paychex, To address the social and emotional challenges presented by the COVID-19 pandemic, Paychex focused on promoting its employee assistance program, Resources for Living, to employees and their household members. With historically strong employee utilization, the program has doubled its rate of use since the start of the pandemic. In addition, our new benefit offering through meQuilibrium focuses on building resiliency and helps employees make improvements in areas such as stress management, work-life balance, and healthy sleep habits." -Karen McClendon, chief human resources officer at Paychex. Paychex is committed to investing in its employees with a comprehensive and affordable benefits package, including health care plans, retirement planning, well-being programs and more. The company also demonstrates its commitment to employee well-being in five essential areas: Career: With opportunities to build a long-term career, employees are able to do rewarding work that empowers them to feel good about their job today and career prospects tomorrow. Community: Through company-sponsored volunteer opportunities, charity drives and local events, employees can feel connected to their community and engaged with their coworkers. Emotional: Employees are encouraged to rely on coworkers, managers and resources that support emotional well-being like Paychex's Employee Assistance Program, Resources for Living, resilience training, and virtual meditation. Financial: To reduce stress and improve employees' sense of financial security, Paychex offers a competitive salary and best-in-class health care plans, retirement benefits, stock programs, employee discounts, financial fitness seminars, tuition assistance, flexible spending accounts and more. Physical: Paychex offers programs with Fitbit Health Solutions, WebMD, telephonic health coaching, virtual mindfulness and yoga classes, and ergonomic support to help employees improve their energy, stamina and overall physical health. A full list of winners is available here. To learn more about Paychex employee benefits and well-being initiatives, visit our careers page. About Paychex Paychex, Inc. (Nasdaq: PAYX) is a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 50 years of industry expertise, Paychex served more than 710,000 payroll clients as of May 31, 2021 in the U.S. and Europe, and pays one out of every 12 American private sector employees. About Business Group on Health Business Group on Health is the leading non-profit organization representing large employers' perspectives on optimizing workforce strategy through innovative health, benefits and well-being solutions and on health policy issues. The Business Group keeps its membership informed of leading-edge thinking and action on health care cost and delivery, financing, affordability and experience with the health care system. Business Group members include 72 Fortune 100 companies as well as large public-sector employers, who collectively provide health and well-being programs for more than 60 million individuals in 200 countries.

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HR STRATEGY

WOW! Named One of Denver's Best and Brightest Companies to Work For

the Best and Brightest Programs | December 28, 2021

WOW! Internet, Cable & Phone (NYSE: WOW), a leading broadband services provider, was named one of Denver's Best and Brightest Companies to Work For® for the second consecutive year by the National Association for Business Resources (NABR). WOW! secured the regional award in Denver last year as one of the area's inaugural recipients and recently received national recognition as a 2021 Best and Brightest Company to Work For in the Nation®, winning the award for the eighth time and fourth consecutive year. The Best and Brightest Companies to Work For award is given to companies, like WOW!, that demonstrate dedication to maintaining an excellent employee culture, pioneering innovative and thoughtful human resource practices and going above and beyond to positively impact the lives of employees. As part of its focus on recognizing the value of its people, the company recently awarded shares of WOW! stock to all employees. This benefit is just the latest example of WOW!'s dedication to its workforce. WOW! is committed to continuously providing career development opportunities, offering competitive wages and benefit packages, as well as instilling and promoting a company culture of respect and excellence, values aligned closely with its core mission. "It's an honor to receive this award for the second time in Denver, where WOW! is headquartered, We're incredibly proud of our Denver employees' unwavering commitment to providing excellent service to customers and their constant dedication to embodying WOW!'s core values every day." -David Brunick, chief human resources officer of WOW! One of 17 companies receiving this recognition in Denver, WOW! was evaluated across the following categories: employee achievement and recognition, communication and shared vision, diversity and inclusion, employee enrichment, engagement and retention, work-life balance, compensation and benefits, community initiatives and strategic-company performance. WOW! has continuously demonstrated that its leadership and human resources practices positively impact the professional development and well-being of all of the company's employees. In response to the ongoing challenges of the Covid-19 pandemic, WOW! has remained committed to ensuring employee safety. Since the initial height of the pandemic, WOW! has made significant strides in nimbly navigating the future of work by implementing new procedures for virtual and remote work that allow all workers to feel safe and secure, while maximizing efficiency. "As the Covid-19 pandemic continues to reshape the workplace, our employees have shown incredible strength in adapting to these changes while continuing to provide exceptional service to our customers, Our record of achievement as a Best and Brightest Company demonstrates WOW!'s success in creating an excellent workplace in Denver, across local markets and on a national level, a record that we strive to uphold." -Teresa Elder, CEO of WOW!. About WOW! Internet, Cable & Phone WOW! is one of the nation's leading broadband providers, with an efficient, high-performing network that passes 1.9 million residential, business and wholesale consumers. WOW! provides services in 14 markets, primarily in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Florida and Georgia. With an expansive portfolio of advanced services, including high-speed Internet services, cable TV, phone, business data, voice, and cloud services, the company is dedicated to providing outstanding service at affordable prices. WOW! also serves as a leader in exceptional human resources practices, having been recognized eight times by the National Association for Business Resources as a Best & Brightest Company to Work For, winning the award for the last four consecutive years. About the Best and Brightest Programs The Best and Brightest Companies to Work For® competition identifies and honors organizations that display a commitment to excellence in operations and employee enrichment that lead to increased productivity and financial performance. This competition scores potential winners based on regional data of company performance and a set standard across the nation. This national program celebrates those companies that are making better business, creating richer lives and building a stronger community as a whole. There are numerous regional celebrations throughout the country such as Atlanta, Boston, Chicago, Dallas, Detroit, Grand Rapids, Houston, Milwaukee, San Diego and San Francisco.

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Spotlight

Employee Engagement is one of Temkin Group’s Four CX Core Competencies. In other words, you can’t be customer-centric unless you have a highly engaged workforce. Make sure to visit our Employee Engagement Page. Engaged employees are the foundation to a successful organisation and a key ingredient of a customer-centric culture.

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