BairesDev | August 09, 2022
BairesDev, a leading technology solutions company, announced the conclusion of the latest edition of its Giveback Program, focused on promoting diversity and inclusion in the technology industry by investing in the tech talent of tomorrow. In this opportunity, BairesDev partnered with its clients to make 224 donations to 29 different NPOs, 60% more compared to the previous edition.
Twice a year, the company selects a list of NPOs that share its vision of building a more inclusive tech industry and teams up with clients to allow them to choose causes for BairesDev to donate funds. In this edition, BairesDev donated funds to Womxn in Power, EveryoneOn, NPower, Close the Gap, and LaunchCode, among other NPOs, which focus on closing the digital breach faced by many talented people around the world.
Beneficiaries highlighted the relevance of these programs in supporting underrepresented communities and addressing unequal access to opportunities in the tech industry. With BairesDev donations, more than 1,500 talented people from diverse backgrounds will have access to industry certifications, computers, digital training, among others.
"We at BairesDev know firsthand the importance of a diverse and inclusive tech industry and are committed to providing equal opportunities for talented people, wherever they may be, It's inspiring to partner with so many of our clients who are committed to helping close the digital gap facing underrepresented communities."
-Nacho De Marco, CEO and co-founder of BairesDev
BairesDev donations have provided enough to underwrite industry certification testing for all of the women in the next Silicon Valley training cohort. This will give roughly 40 women the industry-recognized certification essential to landing their first job in tech, Said NPower Inc.
Thanks to BairesDev, Close the Gap can fully equip a computer lab in Africa with 30 computers and offer training to local personnel of a school that is in need of ICT devices. The hardware will be installed in a dedicated computer room where on average 20 individual students will make use of each computer. Thanks to your contributions, 600 students who would otherwise be excluded from digital education will now gain digital literacy, said Close the Gap.
The BairesDev Giveback Program, formerly called B-Grants, recently won a Stevie® Award for Corporate Responsibility Program of the Year. Through the program, the organization shows its commitment to helping create opportunities for the tech talent of tomorrow. The next edition of the program will be launched before the end of 2022.
BairesDev is a leading nearshore technology solutions company that architects and engineers scalable and high-performing software solutions to meet all kinds of business challenges.
Using its deep tech expertise and cross-industry experience, BairesDev evolves digital transformation into digital acceleration. The ultimate goal is to create lasting value throughout the entire digital transformation journey.
With 5,000+ seasoned engineers in 36 countries, BairesDev provides time zone aligned services to empower Fortune 500 companies and leading brands. Working for clients like Google, Rolls-Royce, Johnson & Johnson, Pinterest, and ViacomCBS, the company has been reimagining the tech landscape for over a decade.
HR ANALYTICS,WORKFORCE MANAGEMENT
VirgilHR | September 06, 2022
VirgilHR announces the launch of its new web-based platform, putting real-time, automated employment and labor law guidance at the HR team's fingertips. The disruptive SaaS platform empowers individual HR professionals and teams to make smart, well-informed employment and labor law decisions in the moment, without the need to research regulatory requirements.
As an HR leader with experience at both public companies and growth-stage technology startups, Jocelyn King, CEO & Founder of VirgilHR, has had the privilege of supporting executives and departments in all functions across the business.
"When we started building VirgilHR, we wanted to do two things - reduce the complexity and mitigate the risk of legal action from human error against companies and get HR professionals back to why they got into HR and building, growing, and nurturing great people and great cultures, With this evolution in our product, we've made it possible for every HR professional to have a real-time legal guide by their side."
-Jocelyn King, CEO & Founder of VirgilHR
VirgilHR hosts a proprietary database of employment and labor law requirements that helps HR professionals manage the compliance of employment decisions, including leave requests, final wages, and termination. HR team members can access real-time, prescriptive guidance across federal, state, and local employment and labor laws via the online web-based, self-service application.
As part of the product launch, HR professionals are eligible for a 30 day free trial of VirgilHR with access to all employment modules and all features including:
The VirgilHR chatbot built on smart, automation technology, which provides legal guidance to on labor and employment law queries in the moment, no research required
Educational content, developed by experienced labor and employment attorneys
Policy templates, which cover the newest labor and employment laws released across the country, to supplement employee handbooks
The platform helps HR professionals navigate the complexities of employment and labor law, close the knowledge gap, and empower HR teams to make compliant employment decisions with ease and confidence.
The company's early customers have come from organizations across the mid-market with small HR teams looking for efficiency gains; King sees growth for the business in manufacturing, construction, technology, government contracting, and medical services.
VirgilHR is the new evolution of HR compliance software, enabling HR professionals to spend more time on strategic objectives and less time on researching and tracking thousands of ever-changing employment and labor laws. Our mission is to help HR professionals navigate the growing employee complexities, close the knowledge gap and empower HR teams to make compliant employment decisions with ease and confidence.
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.
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.
HR PRACTICE,REMOTE WORKFORCE
ChartHop | September 12, 2022
ChartHop, the leader in people analytics transforming the way companies manage and support their people, today announced its recognition as one of Quartz's Best Companies for Remote Workers in 2022. This marks ChartHop's first year on the list of top-ranked companies for remote workers who are embracing the future of distributed work.
"As a remote-first company, ChartHop leads with the guiding principles of transparency, trust, and inclusion to ensure employees feel engaged and valued, This achievement underscores our commitment to investing in our employees and providing the support they need to grow personally and professionally in a remote environment. ChartHop will continue to champion remote employees and develop solutions to support a distributed workforce."
-Ian White, founder and CEO of ChartHop
In a recent McKinsey & Company survey, 35% of respondents reported that they work fully remote, while 23% work in a hybrid environment. The adoption of remote and hybrid work environments continues to grow as organizations look to create new work norms. This recognition further emphasizes ChartHop's commitment to empowering all organizations and their people, from executives to individual contributors to every employee in between, with the People data and solutions they need to thrive in a remote work environment.
Companies at the vanguard of remote work helped show everyone else how to do it. Now we are seeing their best practices replicated across industries, at companies of all sizes, The companies on our ranking are putting their remote policies to use as a recruiting and retention play, as a tool for diversifying their talent pool, and as a performance strategy. Our second annual ranking honors businesses that have gone above and beyond in ensuring that their remote workers have the tools they need, from technology stipends to wellness perks, to do their jobs effectively,said Quartz executive editor Heather Landy.
Employers were invited to apply for recognition in the second global ranking of best companies for remote workers, conducted through a survey that assesses employee sentiment and company practices to determine recognition and ranking. The full ranking for 2022 can now be found on the Quartz website.
The recognition comes following a year of significant growth for ChartHop, including its new offering, Compensation Reviews, and acquisition of Gather, a people operations workflow builder. In addition, ChartHop welcomed key executives, Ivori Johnson, Director of Diversity, Equity, Inclusion and Belonging (DEIB), Matt Wolf, Chief Financial Officer, Justin Garrity, Vice President of Product, and Paul Szemerenyi, Chief Sales Officer.
About Quartz Media:
Quartz is a digitally native news organization with a mission to make business better. Our journalists around the world specialize in analysis of the global economy for an audience of purpose-driven professionals. We help our readers discover new industries, new markets, and new ways of doing business that are more sustainable, innovative, and inclusive. Quartz is the top business publication for global executives ages 25-45, and we have been a pioneer in premium, mobile-first, native advertising experiences since our founding in 2012.
ChartHop is transforming the way companies manage and support their people. By seamlessly consolidating and visualizing disparate sources of people data into one powerful people analytics platform, ChartHop creates more informed, empowered, and connected organizations. From executives to individual contributors to every employee in between, ChartHop is designed for everyone in the organization.
ChartHop plays well with dozens of platforms through robust integrations across the HR tech stack, and serves companies like 1Password, BetterCloud, Starburst, and InVision. Founded in 2019 by Ian White, ChartHop is backed by Andreessen Horowitz.