WORKFORCE MANAGEMENT

PRO Unlimited Announces the Acquisition of PeopleTicker

PRO Unlimited | January 13, 2021

PRO Unlimited, a worldwide innovator in contingent workforce management, declares the acquisition of PeopleTicker, a leader in compensation information gaining practical experience in unexpected work rates and employing knowledge internationally. The organizations' consolidated innovations empower HR, talent acquisition, procurement and compensation professionals to get to key experiences and market rate benchmarking to more readily pull in and retain talent while lessening costs. The PeopleTicker expansion bolsters PRO's obligation to put resources into its customers, advance development and upgrade the intensity of PRO's contingent workforce management stage the Global 2000 depends upon.

Today, the battle for talent is more vital and mission basic than any time in recent memory as the unexpected workforce quickly approaches a full half of all white-captured expertise laborers. Subsequently, high-caliber, precise market rate information in many business sectors across a large number of occupation titles has never been more significant as undertakings progressively globalize their programs. Likewise, numerous compensation specialists have an extraordinary requirement for on-request admittance to exact market rate information needed to advance recruiting choices. Lacking vigorous market insight, these associations regularly pay higher market rates by job and additionally area, bringing about huge pointless spend and profoundly sub-streamlined talent arrangement.

To help address this need, PRO has extended the abilities of its unexpected workforce management stage by gaining PeopleTicker's information science and market rate insight. PeopleTicker utilizes AI and industry-master publicly supporting to gather the most exhaustive, exact, current worldwide market rate information in the business. Broad ability with pay and unexpected work classes alongside involved insight of worldwide work markets has made PeopleTicker a confided in accomplice to many driving brands across 160 nations. With PeopleTicker's worldwide information and rate insight solely combined with PRO's industry-driving Managed Services Program (MSP), Vendor Management System (VMS), finance/consistence and RatePoint business knowledge programming and administrations arrangements, Global 2000 organizations will have direct admittance to this knowledge. This empowers $10s or $100s of millions every year in streamlining as associations hope to scale and proficiently deal with the expenses of their middle class, contingent talent programs.

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PwC's US People and Organization Co-Leader, Jeff Hesse, talks about the key trends in HR and the challenges executives face in designing their talent strategy. We assist clients in improving the performance of all aspects of their HR organizations, management of Human Capital and HR operational excellence, through thought leadership and innovation.


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HR STRATEGY

Flexible Law Degree Offerings Are Attracting Working Professionals

Faulkner Law | January 05, 2022

A growing number of non-traditional students seeking a law degree are discovering new opportunities to pursue a Juris Doctor (J.D.) through the expansion of distance learning and flexible scheduling options approved by the American Bar Association (ABA). One such offering is the Executive J.D. Schedule at Faulkner University Thomas Goode Jones School of Law in Montgomery, Alabama. Faulkner Law's Executive J.D. Schedule provides part-time students with the same curriculum and services as students in their traditional, Full-time J.D. Schedule, only delivered through blended online and in-person courses spread out over a four-year time commitment. In its second year, the Executive J.D. Schedule has welcomed primarily non-traditional, working professionals with an average incoming age of 35. "For over 70 years, Jones School of Law was a part-time, evening J.D. program, This new age of distance learning and online technologies allows us to refocus on this same commitment to offering a legal degree to those students who require the flexibility of schedule to accommodate their professional and personal lives." - Faulkner Law Dean Charles B. Campbell. The blended learning delivery of the Executive J.D. Schedule is ideally suited to students within a three-to-four hour driving radius from the campus that is conducive to fulfilling the in-person learning obligations scheduled two weekends a month excluding the summer. The part-time schedule appeals to working professionals who may have previously thought about becoming a lawyer but could not afford to forgo employment to do so, including current student Preston Roberts, a government relations professional residing in Montgomery. Without this opportunity, Roberts states he would not have been able to pursue his law degree without leaving his career and interrupting his family life. While he acknowledges that law school requires a substantial commitment, he also believes the rewarding outcome will validate the pursuit. The Executive J.D. Schedule offers parity with Faulkner Law's Full-time J.D. Schedule, including integrating bar exam preparedness, maintaining compliance with ABA Standards, providing student services and academic support, and following established admissions standards. Learn more about the part-time Executive J.D. Schedule at law.faulkner.edu/executiveJD. About Faulkner Law Faulkner University's Thomas Goode Jones School of Law is a private, Christian law school in Montgomery, the capital city of Alabama. As an ABA-accredited school, Faulkner Law provides students a rigorous curriculum and hands-on experience to drive both academic success and community service, and celebrates its students who have a desire to use their legal degree to seek justice and serve their communities — wherever that may be.

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HR STRATEGY

BrightPlan Unveils Strategy and New Solutions to Address Top Business and HR Challenges

BrightPlan | January 20, 2022

BrightPlan, a leader in Total Financial Wellness, today unveiled its strategy and first phase of new solutions for addressing four top challenges business and HR leaders continue to face in 2022: attracting and retaining talent, driving employee experience and engagement, supporting employees' holistic well-being and fostering a culture of diversity, equity and inclusion (DE&I). BrightPlan's integrated strategy encompasses new and enhanced product capabilities including the Total Rewards Statement, financial wellness check-up and data and insights that support employer DE&I efforts. Close to two years into the pandemic, the war for talent rages on as a substantial number of workers continue to fuel the Great Resignation. In November 2021, a record number of 4.5 million Americans voluntarily quit their jobs. Lack of engagement and burnout is common: 67% of employees are disengaged at work and 85% say their well-being has declined. Inclusion is also important in this mix with 51% of employees who quit did so because they did not feel a sense of belonging. At the heart of these issues is the employee experience: talent acquisition, engagement, wellness and DE&I challenges all stem from disconnected or unhappy employee experiences that impact the way we work. "The long, anticipated future of work is now, By supporting our customers, listening closely and responding to their evolving needs, we are providing tangible solutions that enable them to address these business challenges, further establishing our commitment as a trusted partner to employers and HR leaders nationwide." -Marthin De Beer, founder and CEO of BrightPlan. BrightPlan's multi-phased strategy outlines the company's approach to solving four pressing challenges faced by businesses today: Attracting & Retaining Talent: To win in this competitive talent market, employers need to create a reputation for stellar culture and a great place to work. In the quest for hiring top talent, recruiters aren't always well-equipped to sell the value of an employer's Total Rewards offering and current employees may not fully understand the benefits that are already available to them, putting employers at a disadvantage in competing for top talent. BrightPlan's new Total Rewards Statement, is an easy-to-use tool customized by company and job candidate that explains the value of total rewards. Additionally, BrightPlan is developing more financial education courses integrated with employer benefits that are relevant to different life stages, like Investing 101 and BrightPlan Guides to getting married, buying a home and more. Employee Experience & Engagement: In our new work reality, employers need to provide their people with the services and support they need to be well, engaged and productive by bringing empathy, care and a more human experience into the workplace. This is core to the employee experience as workers increasingly demand support from their employers. For example, the employee experience is compromised when benefits are inconsistent across geographies and spread across multiple, disjointed platforms. With BrightPlan's recently announced global support for employees of US-based companies working in Canada, the U.K., Australia and New Zealand, as well as expanded services for tax planning and preparation, estate planning, student loan optimization and investing enhancements, BrightPlan's Total Financial Wellness solution helps create a more cohesive experience that addresses all aspects of employees' financial lives. Holistic Well-Being: Holistic well-being recognizes the need to care for the "whole person," including their physical, mental, financial and social well-being, but many employee wellness programs are incomplete, generic and obscured. They ignore the top cause of employee stress – finances. Nearly 65% of workers reported they were stressed about finances, leading to worsened mental and physical health. With BrightPlan's new financial wellness check-up —a series of questions to gauge employees' financial wellness—employers receive aggregated insights on the financial well-being of their employees. In addition, BrightPlan provides quarterly reports and dashboards that bring clarity into the adoption and success of employee holistic well-being initiatives. "Supporting employee holistic well-being means meeting people where they are physically, mentally and financially, BrightPlan helps us empower our associates to bring their best selves to work. We are excited they continuously listen to our feedback and develop capabilities to further support our associates in achieving their financial goals." -Lindsay Madaras, LivingWell manager at Alliance Data. Diversity, Equity & Inclusion: Fostering a culture of inclusiveness and belonging where every individual feels welcome can be challenging. There is no one-size-fits-all solution and many employer programs do not adequately address the unique needs of underrepresented groups. Financial wellness is key to DE&I since true diversity, equity and inclusivity in the workplace is about recognizing each employee's unique background and supporting them in their well-being journey. Due to the wealth gap for underrepresented groups, inclusion in the workplace should also focus on fostering a sense of financial security through equal pay, equal opportunity and access to resources such as financial wellness benefits. BrightPlan partners with HR teams to address the unique needs of different employee populations through employee resource groups (ERGs). In addition to providing quarterly engagement reports and dashboards, BrightPlan's strategy includes working with each employer to bring DE&I-specific insights into the equation, enabling HR leaders to drive customization and improved decision-making. Further, BrightPlan is adding Spanish-speaking financial advisors to make financial wellness more accessible to diverse employee populations. Amid continued accelerated change in the workplace and in employees' lives, BrightPlan's strategy is a blueprint equipped with tangible solutions for addressing key challenges faced by businesses today and provides takeaways for shaping the future of work. For more information on BrightPlan's strategy and solutions in these four areas, please visit this link. About BrightPlan BrightPlan is a leader in Total Financial Wellness. BrightPlan provides a comprehensive solution that addresses all aspects of employees' financial health at every stage of life, and empowers HR teams to enhance the employee experience and better attract, retain and engage talent. Its unique combination of digital platform and human advisors enables employers to deploy at scale while delivering personalization for employees. The company is the first financial wellness solution certified for fiduciary excellence by the Centre for Fiduciary Excellence (CEFEX).

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WORKFORCE MANAGEMENT

Better organise your environmental scanning data with STEEP (+L)

Pursuit Technology | February 22, 2022

Environmental scanning is about gathering relevant data to identify external and internal opportunities and threats to an organisation. All the gathering of information means nothing if it can't be easily sorted and understood by stakeholders. In their latest article, the Panorama subject matter experts have dug into the importance of environmental scanning and how a STEEP (+L) framework helps categorise it.

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HR STRATEGY

Supporting employee’s wellbeing through the festive season

HR News | December 15, 2021

The NHS Confederation has warned that mental health problems are growing at an ‘alarming’ rate in England, with 1 in 6 adults having experienced some form of depression in summer 2021, exacerbated by the pandemic. “The festive season is meant to be a wonderful time of year; however, it can bring a lot of extra stress and worry. Many employees are balancing work pressures with family duties and add to this financial worries and fears about the new Omicron variant. This year, offering support to people over the holidays season is so important and could make a big difference to employee wellbeing and ensure your people return to work in 2022 refreshed, motivated and ready to hit the ground running.” -Mark Fosh, Divisional Director at Howden Here are Howden’s top tips to support employee wellbeing this festive season: Encourage employees to ‘switch off’ – An ‘always on’ culture has been exacerbated by the pandemic as the boundaries between home and work have blurred. Encouraging employees to switch off and take a break has never been more important. Spending time with family and friends and catching up on sleep are key ingredients for good wellbeing. Be aware of ‘Divorce Day’ -The first working Monday after the festive break has been named ‘Divorce Day’ due to family lawyers reporting higher than usual enquiries on this day. While relationship issues are personal, the impact of a divorce can be difficult for employees to manage, with prolonged periods of stress leading to depression and anxiety. Being mindful of this, employers can remind employees of support services that could help people going through relationship troubles including a divorce, such as Mental Health First Aiders and the Employee Assistance Programme (EAP) which offers mental health, financial planning and legal support. Festive money worries – The average UK family will spend an average £821.25[ii] in the run up to the festive season. Money worries can cause anxiety, stress and depression. Promoting support services such as EAPs, Citizens Advice, Step Change and the National Debt Line could help employees. Also, businesses could consider running a financial wellbeing programme in 2022, to give employees the tools and know-how to make informed financial decisions. Support employees’ mental health – Be mindful of employees who might not be coping well over the festive period. Look out for uncharacteristic behaviour such as missing deadlines, someone acting more quietly or aggressively or frequently turning up late. Ensure help and support are in place as this will help to reduce absences. Benefits such as EAPs. Virtual GPs and Mental Health First aiders can be used as a first line of defence. Also, promote mental health support available through charities such as Mind, the Samaritans and Victim Support. Signpost employees to their employee benefits – Often employees don’t know what benefits are available, so why not send out a reminder over the festive period? Use end of year communications to provide a useful summary of the benefits and support on offer and importantly, how employees can access them when they need them. Encourage health activities -A combination of lack of exercise and overdoing the festive treats can have a detrimental impact on physical wellbeing. Encourage employees to stay active over the festive break, for example by going out for daily walks. This can also help them cope with any extra pressure over the festive period. In the New Year why not set up a workplace health challenge such as walking, running or cycling? This can be a great way to get teams involved in some friendly and healthy competition, encourage better health habits and boost employees’ wellbeing. Finally, a simple thank you can go a long way – When employees are snowed under and pressure is high, it can be easy to forget the importance of saying thank you. A small but important gesture that lets people know their efforts are noticed and appreciated can really boost morale and motivation. To find out more about looking after employees’ mental health and wellbeing or request an employee benefits review, to make sure they are still fit for purpose for 2022, get in touch with Howden.

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Spotlight

PwC's US People and Organization Co-Leader, Jeff Hesse, talks about the key trends in HR and the challenges executives face in designing their talent strategy. We assist clients in improving the performance of all aspects of their HR organizations, management of Human Capital and HR operational excellence, through thought leadership and innovation.

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