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.
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.
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.
PR Newswire | October 17, 2023
Avature, a leading provider of innovative Human Capital Management (HCM) software for recruiting and talent management, announces the beta release of its social learning solution to a select group of customers, and a general release before the end of this year.
Industry reports indicate a very low and steadily declining percentage of employees' use of their company learning management system (LMS) on a regular basis. However, HR can reverse this lack of engagement by allowing employees to learn in the same way they have on YouTube, TikTok and other channels. Avature's social learning solution creates this type of user experience by lifting proven design concepts from social media, including the easy creation of user-generated content, the generation of algorithmically driven suggestions, and the use of artificial intelligence.
Avature Learning is expected to promote organizational agility and engagement by facilitating the sharing of know-how, a company's most valuable asset. Intended to complement or replace customers' legacy LMS depending on how it is deployed, this solution allows HR leaders to compensate for the lost interaction between work-from-home employees, ensures knowledge is transferred from one generation to another and helps address the alarming declines in competencies and skills being reported across the educational spectrum.
Providing numerous opportunities to acquire knowledge, Avature Learning offers an employee-centered learning experience, where subject matter experts are able to share critical know-how that might otherwise go undocumented, and content is organically curated based on user feedback and social interaction.
Employees can easily find and recommend user-generated video and audio content as well as traditional training and courses, benchmark their progress against peers, obtain mentorships and create ad hoc meet ups and face-to-face learning sessions. With this solution, employers can effortlessly boost the value of their training programs, better facilitate internal mobility and accelerate time to productivity while lowering turnover.
We believe learning must go beyond traditional L&D programs to remain strategically relevant, shared Dimitri Boylan, Founder and CEO of Avature. The ideal technology should help mine a workforce's wealth of knowledge and facilitate its dispersion. Our customers want to uncover the 'voice of the employee' and bring learning to life, he added.
Industry analyst Josh Bersin was able to see the solution in action and highlighted the benefits of its unique social approach, "The vast amount of corporate learning that takes place is not authored by the training department. It is authored by experts, passionate professionals and peers. So, we need a "social learning" platform that lets people author and upload videos and other forms of content and then quickly and easily check it, publish it and make it easy to find. This is what Avature has built."
Avature Learning also seeks to put HR in control of its digital transformation and offers numerous tactical opportunities to design and deploy processes that grow the company's collective IQ and drive the business toward its strategic objectives. With built-in CRM functionality and real-time analytics, HR teams are provided with the best engagement toolkit to target content, measure employee's progress and ensure they're keeping pace with learning objectives.
From a business standpoint, Josh Bersin agrees the solution's features enable successful knowledge transfer, "I've always believed that 70 to 80 percent of the knowledge and intellectual property within a company is custom to that company's business. Every business process, proprietary tool, and internal procedure represents a custom, internal training need. Platforms like Avature's Learning Hub can tap into this."
Avature's learning solution can seamlessly integrate into customers' existing talent technology ecosystem using Avature's mature and configurable REST endpoints and open API framework. Data from other systems can be imported and used by Avature's workflow engine to promote learning activities for individual employees and data can be easily exported to support onboarding and internal mobility processes in other systems.
With this release, Avature bolsters its Talent Management Suite, adding yet another best-in-class solution to the portfolio that its Global 2000 customer base can implement from a single platform.
Avature is a highly configurable enterprise HCM SaaS platform for talent acquisition and talent management, and the leading provider of CRM and ATS technology for human resources globally. Founded by Dimitri Boylan, co-founder and former CEO of HotJobs.com, Avature brings consumer-grade internet technology and digital innovation to human resources departments. Avature solutions include shared services sourcing, applicant tracking, career sites, campus and events recruiting, employee referral management, social onboarding, branded employee engagement, employee mobility and workforce optimization, employee case management, performance management and learning.
Used by 110 of the Fortune 500 in more than 164 countries and 32 languages, Avature delivers its services from its private cloud, located in data centers around the world. Learn more at www.avature.net.
BambooHR | September 13, 2023
BambooHR, a leading cloud-based human resource platform, has introduced a new Payroll experience to complement its HR and benefits administration solutions. This innovative payroll system significantly streamlines payroll processes, reduces processing time by up to 80 percent, and enhances the overall HRIS and benefits administration platform.
This Payroll experience is accessible through desktop and mobile platforms, providing flexibility and convenience for HR professionals and employees alike. It aims to create an integrated, accurate, and efficient payroll process. It significantly reduces the risk of errors and ensures employees are paid correctly and on time. This not only benefits organizations but also aligns with employee financial stability, given that many Americans live paycheck to paycheck. This is supported by the research by LendingClub, reporting that 6 in 10 Americans live paycheck to paycheck.
Chief of Staff, Rockford Silk Screen Process, Rachael Schau, remarked,
BambooHR and payroll together have saved me almost 20 hours a week, and we've honestly saved 20,000 dollars over a year.
[Source: Cision PR Newswire]
The introduction of the new Payroll experience reflects BambooHR's commitment to simplifying payroll and delivering an exceptional user experience for its customers. Payroll errors can have a significant impact on employees, leading to financial stress and mistrust. BambooHR's streamlined solution addresses these concerns while enhancing the overall efficiency.
The new platform simplifies the intricate payroll process by eliminating double data entry, automating time tracking, and calculating employee compensation, deductions, and taxes accurately. This user-friendly interface allows for easy management of employee records, payment tracking, and report generation and ensures compliance with federal, state, and local regulations. Employees can access pay stubs and make withholding or direct deposit changes through the BambooHR payroll portal or mobile app.
Chief Product Officer at BambooHR, Brian Crofts, stated,
Our goal has always been to make payroll an integrated, always accurate, and even delightful experience for our customers.
[Source: Cision PR Newswire]
He added that their team has worked hard to ease the intricate, outdated process and that they’ve made that quick, clean and easy for HRs. To celebrate the launch, new BambooHR customers can benefit from a 75 percent discount on Payroll implementation costs for January 2024 payroll start dates. This offer further demonstrates BambooHR's commitment to supporting organizations in their HR and payroll needs.
BambooHR is the foremost provider of cloud-based HR software solutions, offering a robust platform that empowers HR professionals in managing, nurturing, and fostering their workforce. The core mission of the company is to liberate individuals to excel in their work by streamlining, centralizing, and interconnecting employee data within a single comprehensive system, thereby facilitating informed decision-making. Its user-friendly and thoughtfully designed suite encompasses payroll, time tracking, benefits administration, performance management, and reporting solutions, catering to the entire spectrum of HR responsibilities.
Newswire | October 04, 2023
Pequity, a leading innovator in compensation planning solutions, is excited to unveil its latest offerings designed to revolutionize the way organizations manage and communicate employee compensation. In recent months, Pequity has been at the forefront of developing cutting-edge HR solutions, and now, it is set to introduce the Employee Total Compensation Overview and a brand-new Employee Portal.
Key Features of Pequity's Total Compensation Overview and Employee Portal:
Empowering Employee Portal-The portal will enable employees to access their personalized compensation overview by simply signing up for a Pequity account. This user-friendly interface makes it effortless for employees to gain insights into their total compensation package.
Clear Equity Display- Pequity eliminates the confusion surrounding equity compensation by presenting it at the grant level. This approach simplifies understanding and offers a real-time view of an employee's current equity status, enhancing transparency.
Comprehensive Admin View- Administrators will have access to a comprehensive view of all components of an employee's total compensation. This includes a breakdown of equity and vesting schedules, providing a holistic understanding of compensation elements.
This information is invaluable as it offers both administrators and employees a snapshot of their current standing and future earning potential as vested shares accumulate.
Equity compensation has become increasingly vital in today's workforce. However, it remains a complex concept that is often poorly understood. Pequity's Total Compensation Overview provides a detailed snapshot of critical equity statistics, including total granted, vested, and unvested shares, as well as estimated values for each.
The new employee portal takes transparency to the next level by offering a comprehensive breakdown of every compensation component. This empowers employees with unprecedented resources for negotiating raises, better financial planning, and ensuring they receive a comprehensive total compensation statement.
The compensation overview also serves as a powerful tool for administrators and managers. It breaks down salary, equity, and bonuses, making compensation discussions more accessible and transparent. Administrators can also customize the displayed employee data to suit their needs.
Pequity's Employee Compensation Overview and Employee Portal are set to launch in mid-October, marking a significant milestone in the realm of compensation management. To stay informed about the release and for early access, sign up for notifications.
Pequity is a leading provider of compensation management solutions designed to simplify the complexities of employee compensation. With a commitment to transparency and innovation, Pequity empowers organizations to make informed compensation decisions, driving employee engagement and organizational success. Learn more at pequity.com.