SkillSurvey Expands Product Reach from Pre-Hire to Post-Hire Providing More Insights to Improve Onboarding and Boost Employee Engagement

SkillSurvey | July 29, 2020

SkillSurvey, the leading provider of cloud-based reference-checking, sourcing and career readiness solutions announced the launch of SkillSurvey Post-HireTM to help organizations gain critical insights at every stage of the employee lifecycle and improve employee engagement and retention. By automating confidential feedback collected from both employees and their managers, organizations can quickly gain actionable insights to improve their hiring and onboarding processes and ensure engagement and productivity.

Ensuring that employees get off to a great start and remain engaged on the job can help organizations outperform their peers. Studies show that 40 percent of turnover occurs during the first year and Gallup estimates that overall, turnover costs organizations an estimated trillion dollars. Their research estimates the cost of an actively disengaged employee to be 34 percent of their salary when you account for absenteeism, and lost productivity and profitability.

Spotlight

Since 1992 Rosetta Stone has been changing the way the world learns languages. Our scalable, interactive language-learning solutions have been used by over 22,000 educational institutions, 12,000 corporations, 9,000 public sector organizations, and millions of learners in over 150 countries. With two decades of experience behind us, we are continuing to develop award-winning innovations that improve the lives of people and the operations of organizations every day. Our proprietary, proven method leverages interactive technologies to replicate the immersion environment in which people learn their first language.


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HR PRACTICE

Irresistible 2022-- Microsoft and Walmart HR Innovators Recognized with HR Hero Awards

The Josh Bersin Company | May 27, 2022

The Josh Bersin Company, a research and advisory company focused on HR and workforce strategies, has presented two trailblazing HR leaders with HR Hero awards at the inaugural Irresistible event, recognizing their success in building an "irresistible organization" during one of the most challenging times for employers and the workplace globally. Amy Coleman, Corporate VP of HR at Microsoft, accepted Microsoft's HR Hero award for the organization's work driving a dramatic culture transformation across the vast global business, empowering both employees and customers: Amy Coleman of Microsoft and Donna Morris from Walmart – and their teams – are HR Heroes in every sense Irresistible 2022, running May 23-25, is the first event of its kind. Hosted at the University of Southern California (USC) in Los Angeles, the employee-centric global HR event has brought together HR leaders from the world's top brands to candidly discuss their experiences of how they adapted and reinvented the employee experience, and to share pioneering best practice, as workplaces around the world continue to reinvent themselves in the face of lasting disruption triggered by the COVID-19 pandemic. About The Josh Bersin Company The Josh Bersin Company provides a wide range of research and advisory services, including a corporate membership program, to help HR leaders and professionals tackle the ever-evolving challenges and needs of today's workforce. The firm's research team covers all topics in HR, talent, and L&D, including diversity, equity, and inclusion; employee experience; remote and hybrid work; wellbeing; HR strategy and capabilities; learning and career mobility; HR technology; organization design and development; and talent acquisition and mobility. With the Global Workforce Intelligence (GWI) Project, The Josh Bersin Company also serves to expand its support of market-leading businesses by helping them navigate the challenges of industry convergence while remaining future-focused. Under the company's umbrella is the Josh Bersin Academy, the world's first global development academy for HR and talent professionals and a transformation agent for HR organizations. The Academy, which has seen more than 50,000 program enrollments since its 2019 launch, offers content-rich online courses, a carefully curated library of tools and resources, and a global community that helps HR and talent professionals stay current on the trends and practices needed to drive organizational success in the modern world of work.

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HR ANALYTICS

Nokia Moves HR Functions to Oracle Fusion Cloud HCM

Nokia | May 17, 2022

Nokia has selected Oracle Fusion Cloud Human Capital Management (HCM) to consolidate and replace its Human Resources systems in the cloud as part of its global digitalization program. Nokia will use a worldwide deployment of Oracle Cloud HCM to manage all HR processes, including recruitment, compensation, and performance management, for the company's global workforce in its 130 countries of operation. In 2021, Nokia launched its 'One Nokia Digital' strategy to support the company's competitiveness by digitalizing its operations. As part of these efforts Nokia will replace its on-premises HR systems with Oracle Cloud HCM. Nokia selected Oracle Cloud HCM for its ability to standardize HR processes on a common data platform, which will enable Nokia to provide a consistent employee experience across teams and more easily manage and scale HR services globally. "Optimizing employee care and experience is a central part of our people strategy. Our aim is to deliver organizational agility, a seamless employee experience, and efficiency gains that support Nokia's competitiveness. We are delighted to partner with Oracle because Oracle Cloud HCM provides a strong foundation to build digital experiences with true user-centricity," - Lisbeth Nielsen, Head of People Experience at Nokia. "By leveraging best-of-breed solutions like Oracle Cloud HCM, we want to bring Nokia to the next level of digital maturity. The implementation will contribute to increased efficiency and productivity and will provide AI and data capabilities that we can take advantage of to develop business performance and agility," - Alan Triggs, Nokia Chief Digital Officer. Oracle Cloud HCM will enable Nokia to connect every process across the employee lifecycle, helping improve decision-making and reduce operational costs. With AI-powered technology such as digital assistants and hundreds of new capabilities added each quarter, Oracle Cloud HCM will also enable Nokia to take advantage of the latest innovations and best practices to operate its business more efficiently and better empower Nokia employees, people managers and HR professionals. "Nokia has a culture of innovation that has enabled it to lead its industry for years, and with Oracle Cloud HCM it now has an integrated platform, powered by the latest emerging technologies, to support its current and future HR needs," - Cormac Watters, EVP Applications EMEA at Oracle. About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud.

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EMPLOYEE ENGAGEMENT

Paychex Research Reveals Job Stability and Meaningful Work Are What Makes Employees Stay

Paychex | August 01, 2022

New research from Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, explores the challenge of employee retention and the key drivers motivating employees when making choices about their career paths. With 4.3 million people quitting their jobs as recently as May 2022, the survey of more than 600 U.S. workers provides insight employers can use when developing strategies for increasing retention. The study—which was conducted in partnership with Future Workplace, an Executive Networks member company—revealed a gap between the employer perceptions and employee sentiments related to retention. When asked about factors (other than compensation and benefits) that contribute to their decisions to stay in with their company, 30% of respondents indicated that perceived job stability is their most important motivator and 60% ranked it in their top three. Feeling that the work was meaningful (45%) and having a passion for their field (33%) were the second- and third-most-popular answers, respectively. Reasons related to employers' brands (19%), corporate culture (19%), and products (13%) are the least important to employees, despite many companies' focus on these elements in their recruiting and retention efforts. "Research shows that almost half of employees say they do not want to change companies within the next 12 months, but that is never a guarantee that those employees will stick around long-term, The Great Resignation may be slowing, but that doesn't mean companies can take a passive approach. Rather, they should use this opportunity to offer programs, perks, and benefits that meet employees' diverse needs." -Alison Stevens, director of HR Services at Paychex. Generation Influences Why Employees Work at Their Companies While job stability and performing meaningful work ranked among the top two reasons respondents stayed at their companies, Baby Boomers (32%), Gen X (35%), and Millennials (31%) were significantly more likely to cite job stability as the most important reason than Gen Z (14%). Instead, Gen Z (18%) prioritizes meaningful work over job stability. In addition, Baby Boomers (41%) said that passion for their field and industry are among the most important reasons to work at their company. Gen X (30%) focused on close relationships with coworkers, and Millennials (39%) cited opportunities for career growth. Gen Z (27%) said company growth and success were especially important to them. Flexibility Reigns as Top Priority for Employee Retention When asked what would make employees more likely to stay in their roles, respondents noted a desire for more flexible scheduling. Over one-third (35%) of all respondents ranked flexibility in work hours and schedule as the number one reason they'd be more likely to stay at their organization long-term, and 70% ranked it among their top three. It was significantly more likely for Baby Boomers (46%) to say that flexibility would make them more likely to stay at their organizations long-term than Gen X (38%), Millennials (31%), and Gen Z (24%). Opportunities for career advancement, skills development, and internal job mobility, and increased commitment to work/life balance ranked second and third overall with 50% of employees putting each in their top three most-desired perks. A promise of better work/life balance was particularly compelling to financial services workers (29%) compared to those in leisure/hospitality (10%), manufacturing (11%), education/health services (14%), retail/trade/transportation/utilities (13%), and other professions (11%). Keeping Employees Long-Term Health insurance (64%) and retirement plans (62%) are the top two benefits shown to keep employees long-term. However, the research shows that the importance of mental health benefits is on the rise among younger generations. Gen Z (23%) is significantly more likely to say that mental health benefits would make them more likely to stay at their organization long-term than Millennials (14%), Gen X (5%), or Baby Boomers (3%). Financial wellness benefits (41%), such as tuition reimbursement, professional development stipends, student loan repayment, and child-care support, ranked third among benefits most important for employee retention. "Perhaps the most compelling takeaway from this study is the confluence of factors that affect employees' decisions to say with a company, Each employee presents a different intersection of the demographics outlined in the study, and the only way to really know what will keep them in their position for the long haul is to ask. Even so, employers rarely do it. We found that only 29% of employees have had what we call a 'stay interview.' These open conversations with employees can give HR staff insights into the unique values of their employee populations to increase retention, even in a difficult labor market." -Jeanne Meister, the founder of Future Workplace and executive vice president at Executive Networks. About the Research: The research findings are based on a survey conducted across the United States between May 4, 2022, and May 11, 2022. For this survey, 604 full and part-time employees at small to mid-size businesses (20-500 employees) were asked general questions to understand employees' thoughts around retention. The study targeted employees who are between the ages of 18 years to 75 years old. This is a survey in a series of research reports administered by Future Workplace that will focus on the employee point of view and pinpoint top concerns, priorities, and trends facing the modern workforce. About Paychex: Paychex, Inc. (Nasdaq:PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services. By combining innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers business owners to focus on the growth and management of their business. Backed by 50 years of industry expertise, Paychex serves more than 730,000 payroll clients as of May 31, 2022 in the U.S. and Europe, and pays one out of every 12 American private sector employees.

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REMOTE WORKFORCE

Comprehensive Employee Benefit Plans from Guardian Life Now Available to PrismHR Professional Employer Organizations and Their Small Business Clients

The Guardian Life Insurance Company of America | June 18, 2022

The Guardian Life Insurance Company of America (Guardian®) today announced a new partnership with PrismHR that allows Professional Employer Organizations (PEOs) access to Guardian's full suite of dental, vision, life, disability, supplemental health, and mental wellness benefits. "The Guardian PrismHR relationship reinforces Guardian's commitment and leadership in the PEO space. We are excited to bring our innovative product portfolio to more employees, helping PEO members obtain lifelong well-being," said Jeff Wasco, Head of Specialty and Emerging Markets for Guardian. The partnership will provide several benefits to PEOs including: Access to comprehensive employee benefits that prioritize well-being like mental wellness benefits through Spring Health, tailored solutions to improve benefits communication, and value-added benefits such as Will Prep Services and an Employee Assistance Program, all with a focus on helping PEO member firms attract and retain employees No ongoing EDI maintenance fees and zero set up cost PrismHR Data Bridge, which automatically extracts, transforms, validates, and securely transfers enrollment data to carriers and providers "I'm excited about the union of PrismHR's technology and Guardian's insurance offerings, This partnership allows PEOs to offer worksite employees attractive benefit offerings that keep cost, value, and variety in mind." -Tim Pratte, President, HRO Business Unit at PrismHR. About The Guardian Life Insurance Company of America (Guardian®)  Every day, Guardian provides Americans the security they deserve through our insurance and wealth management products and services. Since our founding in 1860, our long-term view has helped our customers prepare for whatever life brings, whether starting a family, planning for the future, or taking care of employees. Today, we're a Fortune 250 mutual company and a leading provider of life, disability, dental, and other benefits for individuals, at the workplace, and through government sponsored programs. The Guardian community of over 9,000 colleagues and our network of over 2,500 financial representatives is committed to serving with expertise when, where, and how our clients need us. Our commitments rest on a strong financial foundation, which at year-end 2021 included $10.7 billion in capital and $1.9 billion in operating income. For more information, please visit guardianlife.com or follow us on Facebook, LinkedIn, Twitter, and YouTube.   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 software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass.

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Spotlight

Since 1992 Rosetta Stone has been changing the way the world learns languages. Our scalable, interactive language-learning solutions have been used by over 22,000 educational institutions, 12,000 corporations, 9,000 public sector organizations, and millions of learners in over 150 countries. With two decades of experience behind us, we are continuing to develop award-winning innovations that improve the lives of people and the operations of organizations every day. Our proprietary, proven method leverages interactive technologies to replicate the immersion environment in which people learn their first language.

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