beqom and SEB | November 18, 2022
beqom—a provider of cloud-based total compensation and continuous performance management solutions today announced the successful deployment of its total compensation solution at Skandinaviska Enskilda Banken AB (SEB), one of Europe’s oldest and most prestigious financial institutions.
The bank selected beqom to replace their partly spreadsheet-based processes and manage total compensation for their 16,000 employees across 20 countries. They sought to align global rewards processes, reduce time spent on administrative tasks, and compile compensation data from many different sources that could be accessed as needed by managers and other stakeholders to support informed decisions on a daily basis.
“We have a diverse, growing, and highly regulated business and needed a comp system that could cater to our needs, handling both global and local requirements. Our previous system relied on many exceptions and manual workarounds that were time consuming, introduced risk, and created compliance challenges. We’ve been running our total compensation processes on beqom for over a year now, and it has saved our HR comp team a lot of time, reduced risk, helped standardize and align our processes, and provided a great experience for our users. The feedback from stakeholders—managers, HR partners, CFOs in the businesses—has all been very positive.”
-Mattias Bergman, Process Owner Variable Remuneration C&B at SEB
beqom is a cloud-based provider of continuous compensation and performance management solutions that deliver personalized total rewards aligned with meaningful behaviors, goals, and skills. The solutions transform how companies reward and recognize their people, attract and retain top talent, and address pay equity and transparency. Managing all forms of employee compensation, beqom unifies all performance and reward processes to create a meaningful, people-centric experience across employee touchpoints, providing feedback, coaching, and rewards. beqom’s fully configurable solution integrates seamlessly into core HR suites, providing companies of any size and industry, such as Mercedes Benz, PepsiCo, Golub Capital, and DHL, with the flexibility needed to execute their performance and reward strategies and make the most of their human capital.
Founded in 1856, SEB divisions include Large Corporates & Financial Institutions; Corporate & Private Customers; Baltic; Life; and Investment Management. Profits in 2021 totaled SEK 30.9bn (3.17b USD, 2.97b EUR), with assets under management of SEK 2.6 trillion (275b USD, 256b EUR).
EMPLOYEE BENEFITS,WORKERS COMPENSATION
Innovation Minds | November 23, 2022
Innovation Minds, a Silicon Valley-based company, announced today the launch of their new Rewards-as-a-Service solution. With this solution, Innovation Minds is enabling companies to offer their employees tailored reward options in order to increase talent retention and satisfaction.
Motivating and rewarding employees is one of the top challenges facing organizations today. In fact, according to a recent survey, more than 60% of respondents say their company struggles to motivate and retain top talents. The Innovation Minds team is uniquely positioned to help companies with this challenge by providing personalized rewards service that creates experiences where employees are engaged and motivated throughout the day.
With this solution, companies can customize rewards based on data insights, such as reward preferences and demographics. It offers a self-service platform to let companies update or make changes to their rewards program for their employees. It also allows employees to get real-time notifications when they earn a reward and they can redeem it on their device with just a click, creating a seamless and enjoyable experience for employees.
"We believe this is an important step forward in helping employers create a more elevating work environment, Innovation Minds is focused on helping businesses create positive and engaging employee experiences. By making the rewards experience easier and more enjoyable, we are helping our customers deliver more value faster."
-Innovation Minds CEO Bala Balasubramaniam
The Innovation Minds team integrated their patented concept ‘Earn-Your-Pride-To-Reward-Your-Peers’, an innovative framework that allows employees to exchange appreciation for each other’s contribution, encouraging employees to make deep, personal connections with their team members and see how their position affects the work of others. Mike Lella, Head of Business Development added, The idea of receiving reward from an accomplished peer is much more meaningful than simply receiving recognition from management alone. Simultaneously, this notion is also encouraging a self-sustainable culture of engagement because the awardees get to enjoy the privilege of earning AND giving.
The solution features a wide range of reward options that supports 594 global brands, 45 countries and 28 currencies, customizable for each company's specific needs while being aligned with their company values. It also provides HR teams and managers with tools to measure the success of their campaign and track results.
We understand that rewards are often not enough to keep your employees motivated at work. It's about more than just giving out candy it's about creating an environment that makes work rewarding in itself. This latest upgrade will allow us to support even more companies in their efforts to drive employee engagement and retention, said Maria Bolo, Head of Customer Success at Innovation Minds.
HR ANALYTICS,EMPLOYEE EXPERIENCE
Phenom | December 20, 2022
Phenom, the global leader in Intelligent Talent Experience, today announced registration is now open for its fourth annual IAMPHENOM conference on March 28-30 in Philadelphia. Focused on the latest innovation and technology for hiring, developing and retaining talent, the in-person event will include must-attend sessions and content for all HR professionals, including talent acquisition, talent management, sourcers, recruiters, learning and development, HRIS and CHROs.
More than 600 global companies are expected to unite in the City of Brotherly Love for IAMPHENOM, where they will collaborate on leading ways to enhance recruiter efficiency, boost employee development and retention, and leverage skills and competencies through the use of intelligence, automation and experience.
Over 100 speakers featuring customers, analysts and industry visionaries will inspire attendees during 50+ sessions including keynotes, breakouts and product demonstrations. The additional Pre-Conference Training Day (March 28) will also provide attendees with hands-on training designed to help customers maximize the Phenom Intelligent Talent Experience platform, with beginner and advanced sessions available. Attendees will be eligible to earn SHRM and HRCI credits.
Fun extracurricular event activities will include a ‘Rocky Run’ culminating at the famous Philadelphia Art Museum steps, morning yoga, massages, meditation, evening entertainment and a conference gala.
“IAMPHENOM is a three-day inspirational event that brings together HR professionals across industries under one roof to collaborate and learn, We welcome anyone and everyone who is part of the HR community to join us in Philadelphia — it’s going to be phenomenal.”
-Jonathan Dale, vice president, Marketing at Phenom
More than 500 global and diverse companies use the Phenom Intelligent Talent Experience platform to connect people, data and interactions to deliver phenomenal moments with maximum efficiency throughout the talent journey.
Phenom has a purpose of helping a billion people find the right job. Through AI-powered talent experiences, employers are using Phenom to hire employees faster, develop them to their full potential, and retain them longer. The Phenom Intelligent Talent Experience platform seamlessly connects candidates, employees, recruiters, hiring managers, HR and HRIS — empowering over 500 diverse and global enterprises with innovative products including Phenom Career Site, Chatbot, CMS, CRM, AI Scheduling, Video Assessments, Campaigns, University Recruiting, Talent Marketplace, Career Pathing, Gigs, Mentoring, and Referrals. Phenom has earned accolades including: Inc. 5000’s fastest-growing companies (3 consecutive years), Deloitte Technology's Fast 500 (4 consecutive years), five Brandon Hall ‘Excellence in Technology’ awards including Gold for ‘Best Advance in AI for Business Impact,’ Business Intelligence Group's Artificial Intelligence Excellence Awards (2021 & 2022), and a regional Timmy Award for launching and optimizing HelpOneBillion.com (2020). Headquartered in Greater Philadelphia, Phenom also has offices in India, Israel, the Netherlands, Germany and the United Kingdom.
HR STRATEGY,EMPLOYEE EXPERIENCE
Triton Benefits & HR Solutions | November 09, 2022
Triton Benefits & HR Solutions, a national employee benefits broker and HR consulting firm, is helping small businesses achieve their employee retention goals. An employer-sponsored group medical plan is the most sought-after employee benefit. Unfortunately, due to high participation requirements, many organizations are not able to provide a bona fide, major medical plan to their most valuable asset, their employees.
As the end of the year draws near, Employee Health Benefits are at the forefront of HR departments. With the 2023 enrollment season on the horizon, many small businesses face complex challenges.
A recent study by the Kaiser Family Foundation found that businesses with fewer than 50 employees are less likely to offer an employer-sponsored group medical plan to their employees. As a result of unrealistic participation requirements, many small businesses struggle to find affordable, quality healthcare coverage for their workers.
Triton Benefits & HR Solutions deliver affordable group health plans that have traditionally been nearly impossible to underwrite when low employee participation is a challenge
"If you're looking for a group medical plan, and only 5 out of 50 employees want to participate, typically no insurance carrier wants to write your policy. However, Triton offers businesses in these situations a 'Golden Ticket' with an insurance solution when only a small portion of the employees are looking to opt into the company's benefits plan,"
- Triton's CEO, Steve Rosenthal
Triton manages over $500 Million in group health insurance premiums and works with all major carriers nationwide. Their ability to leverage long-standing relationships with major health insurance carriers and their in-depth industry knowledge to create unique and customized healthcare options sets them apart from other employee benefits brokers. In addition, they offer a concierge-style service which means they are extremely hands-on with every client relationship and provide a personalized touch that is hard to find anywhere else.
If you're a business facing a low participation issue among your workforce and need quality and affordable Group Health Benefits, don't hesitate to contact Triton Benefits & HR Solutions by visiting their website or calling them at 1-800-OK-TRITON.
About Triton Benefits & HR Solutions
Triton Benefits & HR Solutions is a national group health benefits brokerage and human resource consulting firm. Triton is committed to helping organizations navigate the complexities of employee benefits and human resources. The company has offices in New York, Texas, and Philadelphia, headquartered in Woodbridge, NJ.