Workforce Management

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

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.

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Other News
Employee Engagement

Paylocity Introduces New Products Designed to Further Engage Today's Modern Workforce

GlobeNewswire | October 25, 2023

Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today introduces two new products, Recognition & Rewards and Employee Voice, to help business leaders and HR teams build culture and employee engagement while attracting and retaining talent more effectively. Building on the company’s track record of innovation, including integrating generative AI in multiple areas of its HCM platform and delivering Community, a social collaboration hub, the two new products announced today bolster strong workplace connections in an environment where employees feel both valued and heard. To drive employee engagement, Paylocity has announced a comprehensive solution that bridges the recognition and rewards gap, further enhancing productivity and retention. Paylocity’s new Recognition & Rewards product builds on popular peer recognition capabilities that are already part of the Paylocity platform. Recognition & Rewards includes automation to recognize common moments that matter like birthdays or anniversaries, and customization to tailor rewards programs with cash redemption. Employees can also socially celebrate everyday moments of achievement with emojis and likes. We got a sneak peek at Paylocity's Recognition & Rewards, and it really impressed us. This new feature isn't just about rewards; it's about showing our employees they're valued. It helps bring our team together, beyond just tracking milestones, said Courtney Guppy, Senior Vice President of Human Resources for Crafton Tull. We're excited to incorporate it into our workplace culture, and we believe it will have a positive impact on our team and organization. Paylocity has done a great job with this one! Unlocking the Power of Employee Feedback Today, five different generations coexist in the workforce, bringing diverse mindsets and expectations to the office. Paylocity recognizes the pivotal role of organizational culture in talent retention. According to the 2022 Ernst & Young U.S. Generation Survey, more than 90% of employees consider culture a significant factor in their decision to stay with a company. Balancing the diverse interests and opinions of a multi-generational workforce presents a challenge for leaders, where effective communication is key to creating a harmonious workplace. To address the critical issue of talent retention, Paylocity has introduced Employee Voice, which goes beyond traditional surveys by offering a unique approach to employee engagement and retention. Building on the Paylocity platform’s existing AI capabilities, Employee Voice combines cutting-edge technology with rigorous scientific principles, underpinned by a proprietary, statistically validated engagement model developed by Paylocity's Data Science team. Any organization, regardless of size, can leverage AI to automatically delve into employee sentiment. The resulting data and insights are easily made available to executives and managers to identify key drivers of engagement without overburdening HR teams. Employee Voice offers a foundation of best-practice action items, built from the experiences of more than 36,000 Paylocity clients, to help leaders track progress as they address the needs of their organizations. Empowering Workers in a Mobile-First World With today's workforce being more distributed and increasingly reliant on mobile devices, the need for seamless and intuitive mobile access continues to be critical. Acknowledging this shift, Paylocity has rolled out its next-generation mobile app. Building on the success of previous versions, this update includes a modern, intuitive home screen that unifies the information most relevant to each employee—new messages, tasks to complete, timesheets, and even an online hub where they can get important updates from leaders and connect with their peers. Customizable navigation ensures access to individuals’ most-used features via a single tap. At Paylocity, we are focused on providing innovative solutions that not only envision but deliver the future of HCM today, said Steve Beauchamp, co-CEO of Paylocity. We understand the workplace is evolving, and with it, the needs of employees and organizations. These latest advancements reflect our mission to stay at the forefront of this transformation and push the boundaries of modern HR. Availability Recognition & Rewards and Employee Voice will be available in early 2024 for an additional cost. Users can download the new mobile app today at Google Play and App Store. For more information about these products and features, please visit www.paylocity.com. About Paylocity Headquartered in Schaumburg, IL, Paylocity (NASDAQ: PCTY) is an award-winning provider of cloud-based HR and payroll software solutions. Founded in 1997 and publicly traded since 2014, Paylocity offers an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build culture and connection with their employees. Known for its unique culture and consistently recognized as one of the best places to work, Paylocity accompanies its clients on the journey to create great workplaces and help all employees achieve their best. For more information, visit www.paylocity.com.

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Employee Experience

Marrying Form and Function, PrismHR Unveils New Unified Employee Experience (UEX)

GlobeNewswire | October 19, 2023

PrismHR, a Vensure Employer Solutions company and the leading HR technology software innovator for PEOs, ASOs and HCM providers across the U.S., today announced the launch of its Unified Employee Experience (UEX) update. Inspired by the award-winning Namely UI, PrismHR UEX leverages established design principles that make user tasks intuitive in any situation, and it includes new manager and employee views, expanded configuration options, higher levels of accessibility and improved responsiveness. Kevin Andrews, president of PrismHR, said, “With PrismHR UEX, we wanted to bring a more modern, responsive, and accessible experience to our users, which include HR outsourcers and their small and medium-sized business (SMB) clients. To do this, Rob Roberts, our director of user experience, and his team leveraged interaction design to redesign the steps in the flow. His team analyzed what our users are trying to do and identified their priorities before designing the steps in the flow, so it’s very natural for them. And this is just the start. There’s much more to come.” As such, highlights of the initial PrismHR UEX rollout include: New employee/manager split views to give the right people the right information at the right time. Customized branding via the Employee Experience Configuration Tool to reflect titles, headers, primary links, buttons, and accent colors. Accessibility capabilities that align with Web Content Accessibility Guidelines (WCAG) 2.0 Level AA requirements to improve the experience for people with disabilities. Unified navigation, guided workflows, and responsive views for desktop, tablet and mobile. Alex Campos, CEO of Vensure Employer Solutions, said, Tackling a design project of this magnitude allowed the PrismHR team to think this through with fresh eyes. In doing so, we were able to marry form and function and present a greatly improved user experience that sets a new standard of excellence across the entire industry. PrismHR UEX doesn’t just look nicer—it also helps our customers’ clients accomplish their most important HR tasks easily and more efficiently. To learn more and experience PrismHR UEX, visit https://info.prismhr.com/unified-employee-experience. About PrismHR PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits and HR, leveling the playing field with large enterprises. Today, PrismHR delivers world-class HR services to thousands of organizations and continues to invest heavily in technology as the HR innovation frontrunner. A Vensure Employer Solutions company, PrismHR is located in Hopkinton, Massachusetts. For more information, visit www.prismhr.com. About Vensure Employer Solutions Vensure Employer Solutions is the largest privately held organization in the HR technology and service sector, providing a comprehensive portfolio of solutions, including HR/HCM technology, managed services, and global business process outsourcing (BPO). The company and its service providers collectively serve over 95,000 businesses and process over $135B in annual payroll. As a “One Employer Solution” headquartered in Chandler, Arizona, Vensure helps thousands of businesses streamline and grow their operations with custom strategies that benefit both employers and employees. Find out more by visiting www.vensure.com.

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Employee Benefits

HiBob Enhances Payroll Hub with Choice of Benefits Administration Solutions

PR Newswire | September 29, 2023

HiBob, the company behind Bob, the HR platform transforming how organizations operate in the modern world of work, is pleased to announce the integration of notable benefits administration provider bswift, into its versatile Payroll Hub. This much anticipated collaboration marks a significant advancement in the HR landscape, offering US customers flowing and efficient solutions to manage all their benefits administration needs. The eagerly awaited feature - Payroll and BenAdmin - allows HR professionals to unify all benefits administration activities in one convenient place. This includes monitoring ongoing staff or policy changes, updating vendors with employee data, and ensuring that all employee details are up-to-date. Customers will benefit from having a single source of truth that easily and quickly connects to other essential systems used for administration. By eliminating duplication and reducing human error, these solutions promise to increase efficiency and enhance accuracy for HR professionals and organizations alike. bswift is thrilled to partner with HiBob to enhance the experience for our shared customers. We value the seamless integration that allows data to move swiftly between our platforms, streamlining processes and reducing manual tasks. This collaboration exemplifies the commitment of both companies to prioritize our customers, says Don Garlitz, Senior Vice President of Partnerships at bswift. The benefits administration integration marks a significant step towards HiBob's overarching goal of enhancing the overall function and value of its Payroll Hub. By incorporating benefits administration solutions into the platform, HiBob aims to provide HR professionals with comprehensive and coherent experience particularly for those managing multi-site or global workforces. "The importance of a comprehensive benefits administration solution cannot be overstated, particularly in the United States, where managing employee benefits is crucial for companies to attract and retain top talent. The integration allows for quicker payroll processing, reducing manual work, and guaranteeing data accuracy," says Ronni Zehavi, CEO at HiBob. "Just like running a payroll hub pay cycle, our integration simplifies the process of bringing in demographic information to expedite enrollments including medical insurance and many other employee benefits. It provides quick and automated access to select people data, providing a hassle-free and secure experience for end users and employees," Zehavi concluded. For more information about HiBob's Payroll Hub and the new BenAdmin Hub feature, please click on here. About HiBob HiBob is at the forefront of HR innovation, transforming the way organizations operate in the modern world of work with its award-winning HCM 'Bob'. Its modular approach caters to the needs of multinational companies seeking agile technology and robust analytics to support operations across distributed workforces in the ever-evolving economic and workplace landscape. Companies using Bob are able to accelerate hiring, retain the best talent, upskill and elevate employee experience. More than 3,400 global businesses serving hundreds of thousands employees worldwide - including Uala, SugarCRM, The Josh Bersin Company Fiverr, The&Partnership, and VaynerMedia - appreciate its ease of use, high configurability and the ability to customize based on business requirements. The platform's high adaptability and focus on people engagement and community creation are seen in its consumer-grade user interface, providing easy access to HR processes while fostering engagement. Awarded one of the best places to work in 2023, HiBob's global team of "Bobbers"come together to build the exceptional in an inclusive and empowering culture.

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Hr Analytics

The AI HR Takeover: Semos Clouds Skills Analytics Redefines Talent Management

PRWeb | October 06, 2023

Semos Cloud, a leading provider of innovative HR technology solutions, proudly announces a game-changing update to its flagship products, JobPts and Skills. This milestone signifies a monumental leap forward in shaping company culture, driven by the transformative power of HR Analytics. In a strategic move to elevate both efficiency and employee engagement within organizations, JobPts, the renowned recognition and rewards solution, unveils a series of transformative updates: Swag for Service Anniversaries: Recognizing the importance of appreciation, JobPts now allows admins to select swag items for employees' service anniversaries. This personal touch adds a meaningful dimension to awards and fosters a culture of recognition. Swag for Recognition: Employees have the power to choose swag items to send to their colleagues, enhancing the significance of every moment and making awards more meaningful. To ensure a seamless experience, employees using this recognition option will also have the option to confirm the recipient's address or provide necessary data, adding a personal touch to recognition. Efficiency in Approvals: This new feature tracks metrics associated with approvers' effectiveness. This includes metrics such as approver engagement with the platform, the speed of approval, and approval status (approved, approved with modifications, not approved). These valuable insights pinpoint areas that may require further attention and enable optimization of the recognition process, ultimately boosting employee engagement. Scheduling Recognition Programs: allows admins to schedule and set custom date ranges for recognition programs. This feature is particularly valuable for events like Diwali and the Christmas gifting season, where admins can effortlessly create and activate programs within specified date ranges. This time-saving capability ensures that employees enjoy memorable celebrations during important occasions while minimizing administrative effort. Skills HR Analytics - A Culture Revolutionizing Feature Semos Cloud has introduced paradigm-shifting analytics for its solution Skills that increase the visibility of skill sets in the workforce, allowing for more control over talent development and workforce management. Elevated Decision-Making with HR Analytics: Improved HR Analytics is a momentous change that empowers HR administrators to transform data into actionable insights. It provides organizations with the ability to identify and nurture top talent effectively, paving the way for strategic HR decisions. For example, detect X-shaped talent and rising stars in time to secure and support the top talent for long-term organizational success. Skills Analytics Transformation for Managers and Employees: Skills Analytics is not just an enhancement; it is a culture revolution. With dynamic and intuitive dashboards designed for managers and users, Skills Analytics offers an unprecedented view of employees' skill sets. This empowers individuals to pinpoint areas for growth and development. Overseeing Projects in Skills: Skills empowers employees to oversee project and skills data over time effortlessly. Increase team collaboration by offering growth opportunities and engage more employees by showing skill development progress even in isolated projects – to foster a culture of collaboration and continuous improvement. Conclusion Semos Cloud's groundbreaking updates for JobPts and Skills herald a new era in HR technology. With Skills HR Analytics as its centerpiece, Semos Cloud empowers organizations to unlock the full potential of their talent, ushering in a culture of excellence and collaboration. For more information on these transformative updates and how Semos Cloud can help your organization thrive in this new HR era, please visit http://www.semoscloud.com. About Semos Cloud Semos Cloud is a pioneer in innovative HR technology solutions, dedicated to enhancing employee engagement, recognition, and talent development. With a commitment to excellence and a focus on delivering measurable results, Semos Cloud empowers organizations to create thriving workplaces where employees can reach their full potential.

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