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3Sixty Insights Monthly Recap | July 2021

Latest Research: Market Alert: Immedis Pay Reengineers the Way Companies Remit Cross-Border Payments to Employees, Tax Authorities, and Statutory Third Parties What Happened In mid-July 2021, Immedis announced the availability of Immedis Pay, an automated solution for organizations to manage cross-border payments to their beneficiaries, including employees, tax authorities, and statutory third parties. Built on the foundation of everywhere-local expertise in global payroll, Immedis Pay gives companies local payments expertise across the globe to simplify payments, increase accuracy, and eliminate challenges with compliance. Cost savings from the use of Immedis’ network of API-connected local payment network providers and banking partners are significant. Immedis Pay currently delivers 99.98 percent error-free payments in 145 currencies across more than 200 countries. Market Alert: With Acquisition of TrenData HR, isolved Equips Users of People Cloud to Navigate Both the Near and Distant Future of Work What Happened In mid-July 2021, isolved announced the acquisition of predictive people analytics platform TrenData HR. Applying predictive artificial intelligence (AI) models to produce visual insights pertaining to an organization’s workforce, the TrenData platform draws on external data sources and aggregates them with information from internal systems. The addition of TrenData to isolved People Cloud brings enterprise-grade analytics to […]

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theHRDIRECTOR – The HDPandemic Fallout and The Future of Work

Even as parts of the world return to a state resembling normal, the fallout from the coronavirus pandemic continues to unfold. Referring to this global event as “unprecedented” has become so commonplace as to be clichéd, and yet, the term hits the nail on the head. The unprecedented nature of this worldwide disaster renders its effects unpredictable, and as we march into the future, those effects continue to develop in ways we could only have guessed. Pandemic lockdowns had an immediate and marked effect on work. Who could or should go to work, where that work took place, how it was done—these work life fundamentals changed overnight for the majority of the population. Had lockdowns lasted only two weeks, as first predicted in those optimistic old days, we might have snapped back to normal. Sixteen months in, no one can hope for a magical reset. The transformation of work translates to a transformation of employment. If the workforce is out of whack, so will be the job market and the future of work. Continue Reading Here: Pandemic Fallout and The Future of Work

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benefitsPRO – Getting leaders to think differently about talent

Although history contests the attribution of this quote to Albert Einstein, I think we can all agree there is no doubt in the essence of its truth: “Insanity is doing the same thing over and over again and expecting different results.” Yet even with the lessons learned during the pandemic, many managers are applying the exact same hiring criteria that they did before: What technical skills does the external or internal candidate possess? How many years of experience do they have? Did they graduate from a prestigious university? It’s practically painful to watch the same tired tactics applied, knowing the outcomes will not be better. The pandemic redefined the workforce During the pandemic, over 20 million jobs were eliminated during a two-month period in 2020. In sharp contrast, ManpowerGroup’s latest employment forecast covering July – September 2021 found that 32 percent of more than 7,300 U.S. employers plan to increase staff in the third quarter. Employers in the education, health services, information, leisure and hospitality sectors are reporting their strongest hiring plans since they were first analyzed by ManpowerGroup in 2009. Meanwhile, the Achievers Workforce Institute found that 52% of adults surveyed in February 2021 are looking for a new […]

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3Sixty Insights Monthly Recap | June 2021

Latest Research: Case Study: SilkRoad Technology Engages with Cleveland Clinic to Implement and Support Custom Deployment of RedCarpet Onboarding The following case study provides a recount of a deep collaboration between leadership at SilkRoad Technology and a resourceful manager at the client organization to solve a significant challenge in onboarding and forge a strong vendor-client relationship for the long term. In this example, SilkRoad embarked on a high-touch effort that ultimately succeeded in helping this large network of hospitals deploy a custom implementation of SilkRoad RedCarpet to eliminate productivity-sapping, labor-intensive manual administration related to the yearly onboarding of thousands of long-term contractors. Channel Fish Anatomy of a Decision SAP Business One Technology investments are a tough sell for many business owners, and small businesses in particular are historically slow to evolve on this front. They are often still in, or just emerging from, stages of organic growth in which new functionalities are brought on as needed and fitted into existing systems. Small businesses also often work with contractors rather than hiring an in-house IT manager, meaning that the IT staff is less familiar with the downstream ramifications of technological issues and less invested in helping to ensure any system runs […]

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theHRDIRECTOR – We Must Expand our Understanding of what Automation Means

Whether AI will ever get to the point where it wants to, and can, replace us in doing the things we like to do is a question for Elon Musk. In advisedly, we may tackle the topic here at some point. In the meantime, let’s return to relatively straightforward subject matter: predicting the future of work…. A Recap of the Future of Work AI’s future role in decision-making related to the workforce will spur the future demise of the role of traditional manager, a persistent relic of an eventual past when humans made decisions based on their limited, analogue understandings of what works in building teams in the workplace. So too will AI precipitate the death of annual reviews and even the notion that it should be people who evaluate people. Similar forces promise the extinction of job titles. The pace of business will accelerate to the point that we may retain these monikers as signs of merit or signposts that help us understand what each other does, but they’ll fall far short of describing our increasingly fluid, variable day-to-day work. Blockchain technology will bring a fundamental power shift to talent acquisition. Innovations here will empower individuals with a continuously […]

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Immedis Guest Blog Article | How Payroll Can Provide Concrete and Abstract Value to Organizations

At the end of the last day of the pay period, payroll must, without fail, be processed. The result is a definitive line item in the general ledger. It requires no explanation. It’s absolute, something the accountants understand. And employees understand too. Miss payroll, or get it wrong, and your employee sentiment scores will nosedive. As if this weren’t enough, however, there is much more to payroll; there are, in fact, two sides to payroll—the concrete and the abstract. Both are important. Payroll is more than a number We at 3Sixty Insights speak of the two hemispheres of human capital management. The term we use for anything in the management of an organization’s employees that easily translates to a financially quantifiable number is “concrete HCM.” That would make payroll the most concrete aspect of HCM. Continue reading here: How Payroll Can Provide Concrete and Abstract Value to Organizations

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3Sixty Insight’s Announces Winners of the 2021 Transformation and Leadership Case Study Awards

Boston, MA – June 10, 2021 – 3Sixty Insights today announced the winners of several awards for the ability to lead and transform organizations in exceptionally strategic and successful ways. Based on evidence from the related 3Sixty Insights case studies highlighting these leaders’ agility, creativity, and drive to persevere through challenging times, winners were chosen for three awards: Best Cultural Transformation, Best Digital Transformation, and Inspirational Leadership. Best Cultural Transformation – Awarded to Alex Smith, Chief Human Resources Officer for the City of Memphis: About five years ago, Alex Smith joined the City of Memphis to lead human resources there. Memphis had been struggling with a lack of employee engagement and high employee turnover, and the newly elected mayor at the time hired Smith as part of an overhaul to the way the City did business—from a conventional, municipal model, to a model emulating the private sector. Through Smith’s transformation of the HR department, including overseeing a migration from an on-premises Oracle installation to Oracle HCM Cloud, Memphis has seen a dramatic shift in its employer culture as evidenced by significant increases in employee satisfaction and retention. For example, the City has saved more than $6 Million in a reduction […]

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