PAYCOM EMPLOYEES GIVE OVER $16,500 TO PROJECT AWARE

Paycom | August 11, 2020

Paycom Software, Inc., (NYSE:PAYC), a leading provider of comprehensive, cloud-based human capital management software, donated over $16,500 to Project AWARE to support shark and ray conservation, marine debris solutions and ocean protection. To coincide with one of TV’s most popular weeks, Shark Week, Paycom hosted a companywide phishing simulation challenge to increase phishing education and raise donations for Project AWARE, collecting a total of $16,580. “Project AWARE is impressed by Paycom’s commitment to philanthropy,” said Lauren Wiskerson, development manager of Project AWARE. “We can’t thank the Paycom team enough for their immense generosity. It’s truly an honor to partner with such a kindhearted group whose contribution is helping reduce the amount of pollution in the ocean. Incredible things happen when our community comes together for our cause.” The donations come as part of Paycom’s ongoing giving campaign, in which employees have the opportunity to donate to a variety of local and national causes. Additional ways they give back include volunteer events and service initiatives that strengthen families and communities.

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HR PRACTICE,EMPLOYEE BENEFITS

Nucleus Research Identifies HiBob as a 'Hot Company' to Watch in 2023

HiBob | December 08, 2022

HiBob, the company behind Bob, the HR platform transforming how organizations operate in the modern world of work, today announces it has been named to Nucleus Research's Hot Companies to Watch list for 2023. In identifying the hot companies, Nucleus considered each vendor's current market position and their potential for impressive growth, justifying inclusion based on the vendor's momentum and recent successes. Some vendors on the list typify innovative approaches or new applications of technology; other companies are on the cutting-edge of their respective markets, delivering novel technology capabilities to customers and seeking to unseat incumbent solutions. All vendors featured in this research note have moved towards driving customer value amid an uncertain economic landscape. HiBob was recognized by Nucleus for its ability to deliver a high ROI and support a wide range of verticals and organizations with large remote workforces. In addition, Nucleus cited HiBob's new Workforce Planning module that introduces strategic future people planning and lets companies easily determine hiring needs to reduce instances of over- and under-staffing and be better prepared for changing business conditions. "The tech industry is facing headwinds as we go into 2023, but a number of vendors offer exceptional value for their customers, The vendors in the hot companies to watch list are companies that stand out for their unique, industry-leading, and high value solutions." -Ian Campbell, CEO of Nucleus Research The 2023 Hot Companies to Watch List includes many vendors whose capabilities have become even more crucial as businesses continue to streamline processes or make transitions due to the economic uncertainty, and HiBob fulfills all our criteria in this respect, he concluded. With another year of financial uncertainty looming, Nucleus Research looks to identify companies that address the world's shifting priorities, and to rising and falling trends as end-user organizations further discern what parts of their technology stack actually deliver value. CFOs are expecting to take a closer look at their balance sheets next year and filter out "nice-to-haves" in favor of critical applications. Helping customers leverage their data to modernize the way businesses manage and look after their people drives our entire organization each and every day, Being named to Nucleus' 2023 Hot Companies to Watch list testifies to HiBob's mission of enabling businesses to put employee data to work in new ways that shape the workplace of the future. We aim to help create work environments where both people and businesses can thrive,said Ronni Zehavi co-founder and CEO at HiBob. About HiBob HiBob is on a mission to transform how organizations operate in the modern world of work with its HR platform 'Bob'. Leading the way for the future workplace, Bob offers resilient, agile technology that wraps all the complexities of HR processes into a game changing, user-friendly tool that touches every employee across the business. HiBob is used by more than 3,000 multinational companies - including Cazoo, Gong, Hopin, Monzo, Happy Socks, Fiverr, and VaynerMedia. Organizations using Bob are able to accelerate hiring, retain the best talent, upskill and elevate employee engagement.

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HR ANALYTICS,EMPLOYEE EXPERIENCE

Vault Consulting Announces Nonprofit Human Resources Consulting

Vault Consulting | November 22, 2022

Vault Consulting, the nation's leading accounting and research firm, announced its expansion into Human Resources Consulting today. The DC metro-based firm provides a partnership approach to help nonprofit organizations and associations advance their missions to thrive and grow. DC metro-based accounting and research firm Vault Consulting announces expansion into Human Resources Consulting for nonprofits and associations. The expansion is led by Vault's head of Human Resources, Kendra Janevski, SPHR, SHRM-SCP. Vault offers more than subject matter expertise; we deliver a powerful new perspective and a clearer path forward. Vault Human Resources Consulting does not focus on a specific issue or offer only packaged services. The team begins with client challenges and offers customized solutions to the client's individual and specific needs. "It is unique because we offer a suite of complementary services that no other consulting firm does. We equip organizations of all types with the financial acumen to thrive, the HR oversight to drive successful and compliant people practices, and the data-based insights and analytics for actionable intelligence and informed strategic decision making." - Vault CEO Wes Tomer, CPA, CGMA This expansion offers a new but complimentary service offering and will assist clients and partners manage challenges, gain insight into best practices, and establish change management processes.

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HR ANALYTICS,EMPLOYEE EXPERIENCE

Sapia.ai to invest in bringing the best kept secret in HR tech to America

Sapia | December 14, 2022

Following its phenomenal success in transforming hiring for some of Australia's biggest retail brands, Sapia.ai is excited to grow its share of the US market in 2023 with the appointment of Russell Mikowski as President, Americas. Mikowski brings a significant depth of knowledge around the HR tech ecosystem, having previously served as the head of sales for both iCIMS and Symphony Talent. I can't wait to show people what Sapia is capable of, Mikowski said. This technology is going to revolutionize talent acquisition. Sapia addresses commonly occurring pain points like cost-per-hire, time-to-fill, and hiring accuracy in an unbiased manner and in a way that no other product on the market can - at a time when recession-proofing recruiting process is top-of-mind for many North American businesses. The increasing focus on skills-based hiring (something resumes are of little help with) has tilted HR tech's brightest spotlight towards products that can effectively screen and assess applicants' likelihood to perform well in a given role. Sapia is a chat-based interview that candidates complete on their phone. It uses AI to analyze text from the chat to uncover a candidate's suitability for a job, giving everyone who desires one the opportunity to get a first interview and delivering personalized feedback about their strengths and weaknesses (not only to the hiring team, but also to the candidate). That's right - with Sapia, there's no "black hole" - every candidate who takes the chat interview gets feedback. This is especially valuable in the retail world where job applicants are also buyers and a poor candidate experience could reduce their brand loyalty as consumers. People are being blown away by Open AI's ChatGPT and the way it answers general knowledge questions in such a human-like and accurate manner. This is the "new frontier of AI." Sapia utilizes similar technology to give recruiters and hiring managers an accurate understanding of the "person behind the resume." Even amongst those who don't get the job that they've applied for, 96.7% of candidates report that they find Sapia's feedback useful. Sapia's average candidate happiness score is 8.8/10 - and there's minimal variability across gender and race indicating that the experience is inclusive and not strongly preferred by one group over another. Candidates that reported a disability or EASL have even higher than the average candidate happiness scores! Sapia is thinking about AI and its implications in a very different way from most other HR tech providers by applying it through a human lens that is both ethical and beneficial to the world, Mikowski said. It does this all while creating as little friction as possible for both candidates and hiring managers. And, by ethically utilizing AI, Sapia removes the likelihood that human bias for or against particular races, ethnicities, genders, ages, sexual orientations, or different abilities will creep in during the applicant screening process. "Having worked in HR Tech for over fifteen years I can say that it's hard to come across products that actually deliver on the promises they make, Every company in this space markets their offering as having a positive impact on DE&I, but the actual results are often negligible. Sapia's product and mission are making a truly meaningful contribution to equitable hiring, and we're just scratching the surface!" -Mikowski About Sapia Sapia's mission is to help companies unlock and engage talent at scale. With its blind, automated chat interview and comprehensive DEI analytics platform, Sapia's technology is the first solution of its kind to disrupt biases that affects traditional recruitment processes – resulting in fair outcomes for candidates and companies.

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WORKFORCE MANAGEMENT,HR STRATEGY

CoAdvantage Announces Acquisition of MomentumHR

CoAdvantage | November 15, 2022

CoAdvantage Corporation ("CoAdvantage"), a leading national provider of strategic human resource solutions for small to mid-sized companies, is pleased to announce it has acquired Georgia-based MomentumHR, a provider of outsourced HR services. The merger of the two companies will strengthen CoAdvantage's presence in Georgia while accelerating the company's overall growth and national footprint. "We are excited about the MomentumHR acquisition expanding our market presence as we continue to build value and deliver an exceptional customer experience powered by our proprietary HR technology and outstanding customer service, We are looking forward, with great optimism, to an exciting year in 2023 as we remain focused on driving innovation and expanding our presence nationally." -Clint Burgess, CoAdvantage President, and CEO MomentumHR, located in Savannah, Georgia, is one of the Southeast's premier private PEOs and has established a strong regional market position. Merging with CoAdvantage solidifies our leading presence in the Southeast and continues our mission to providing a high standard of service and quality of outsourced HR solutions, said MomentumHR CEO David Kindred. CoAdvantage's acquisition of MomentumHR follows the company's recent acquisition of Alabama-based SourcePointe and the opening of two additional offices in Tennessee and Oklahoma. CoAdvantage continues to pursue other acquisitions as part of the company's overall growth strategy. About CoAdvantage CoAdvantage is a leading Professional Employer Organization (PEO) that offers small and mid-sized businesses a comprehensive package of human resource solutions, enabling them to reduce their administrative burden and access affordable employee benefits. The company integrates payroll and tax processing, employee benefit plan administration, risk management, government compliance, and other human resources services into a single-vendor solution that is exceptionally efficient and effective. About MomentumHR MomentumHR is a Georgia-based Professional Employer Organization (PEO) with over 20 years of experience in providing payroll administration, workers' compensation, employee benefits, and human resource solutions to all sizes of businesses at a national level. Founded in 2000 with a focus on providing a high standard of service and quality outsourced HR solutions, MomentumHR is one of the fastest-growing private PEOs in the Southeast.

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Spotlight

As inflation cools to 6.5% in the last month, economists are looking at wages and examining whether the minimum wage has been keeping up with the cost of living. In this episode of MainStreet Macro, ADP Chief Economist Nela Richardson shares some little-known facts about the minimum wage and its impact on the labor market.

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