The context Anyone leading a compensation team or function is keenly aware that ‘comp planning’ activities can take the most time, and surrounding complexities can be plentiful. This is largely due to featuring the most ‘what if’ iterations, and involving the most reviewers, approvers, and communications protocols, all governed by extreme data confidentiality and sensitivity. These aspects speak to process complexity, and that’s before we bring in many other dimensions. These include new or changing comp elements, eligibility rules, salary increases and total comp guidelines, and the processes needed for collecting, matching, and incorporating market pay rates. Additionally, adjustments to market data guidance might be necessary to reflect the pressing or urgent needs of a business, such as when internal/external skills shortages exist that require […]
Continue readingFive Key Takeaways from The Global Employer of Record Report 2023
I recently had the privilege of partnering with atlas to co-author “The Global Employer of Record Report 2023”, a first-of-its-kind report that explores key trends and insights shaping the future of work and the growing importance of the agility-rich Employer of Record (EOR) service model in the modern HCM ecosystem. The report includes insights and emerging trends for HR leaders to consider over the coming year, regional workforce trends, employer of record service adoption details by geography, and key considerations in navigating the current global landscape as an HR decision-maker. Download the report here: https://rb.gy/q0z2y Below are my Top 5 takeaways from the report. 1. Expect a headwind of volatility. Employers face a headwind of volatility and economic, geopolitical, environmental, and technological disruption. Navigating today’s […]
Continue readingPayroll’s Inflection Point
As the curtain closes on the 27th annual National Payroll Week, I felt it was a good opportunity to reflect on the current state of payroll and the future of the critical process and profession, which is reaching its much-needed inflection point. More importantly, to highlight why prioritizing the critical process and profession as a central element in the broader HCM strategy is vital to enabling organizational agility and elevating the profession from its simple processor stigma to a strategic advisor and center of expertise (COE). So close…yet still so far Payroll has come a long way from its stone tablet and paper journal roots. Tabulating machines must have seemed like the future in the late 1950s to the few organizations with access to them. […]
Continue readingCase Study Vignette: Harri – Helping a Private Equity Fund Protect and Grow the Value of Its Restaurant Investments
Private equity can be a tough business. So is the restaurant industry. Imagine combining the two. A private equity firm first and foremost must have wealth. And it must be adept at conserving and building that wealth. Those are the main criteria for success. As for running a restaurant, the margins can be thin. This is why, for any restaurant, among the most time-consuming activities (and greatest operational costs) are those associated with employing people effectively and compliantly. Scheduling is a big one here. Putting together employees’ hours is another. With non-exempt staff’s fluctuating hours and toggling between workweeks considered part-time and full-time under the law, benefits administration can be a big challenge, too. At a restaurant, these operational costs have a way of easily […]
Continue readingAnatomy of a Decision: Harri’s Consultative, Collaborative Approach Equips Restaurants to Manage Growth and Support Employee Experience
What You Need to Know Growth and expansion are priority goals for restaurant owners. With these goals come many questions about how to grow. How do I manage multiple locations? How do I communicate directly with employees? How do I streamline employee onboarding? How do I remain compliant with labor regulations in each state? How do I make it easy for employees to see schedules, trade shifts, and communicate with managers? Finding efficiencies and creating repeatable processes for performance management contribute to answering all of these questions and to driving a restaurant business toward future growth. 3Sixty Insights’ discussions with users of Harri show that the vendor and its HCM software suite help keep restaurants running smoothly and consistently from one location to hundreds and […]
Continue readingEngaging the Human Side of Payroll with Earned Wage Access
With Missouri and Nevada, each passing legislation in recent weeks aimed at establishing standards for the earned wage access(EWA) industry that will ensure consumer protection, transparency, affordability, and inclusiveness for the financial wellness tool, I thought it was fitting to share a blog I wrote a year ago highlighting the human side of payroll and the impact of EWA on users and their organizations. While many employers have adopted and realized the positive impacts of offering employees modern digital pay methods like on-demand pay for earned wage access, many more are still holding out, often viewing these digital innovations as simple fads that will eventually go away. Surprisingly, payroll leaders and practitioners often drive the heaviest pushback to these innovations. Understandably so, given the compliance […]
Continue reading#HRTechChat: Navigating the Talent Shortage: A Creative Approach to Skills-Based Hiring
Businesses face a growing challenge: the talent shortage. The traditional ways of recruiting and hiring no longer suffice in a world where the working-age population is shrinking, and the gap between available talent and job openings is widening. To shed light on this issue, we turn to recent research from the Burning Glass Institute and a fascinating conversation with Pamela Stroko about innovative solutions. Here are some of the main themes of our conversation: The Shrinking Workforce The working-age population has been steadily declining, with little to no growth. Starting in 2012, we witnessed a meager 0.5% growth in the working-age population, and this rate slowed to 0.2% from 2017 onwards. This trend is expected to persist until at least 2030, painting a grim picture […]
Continue readingResearch Note: Experienced People Leader Chooses Ceridian Dayforce for HR Transformation
What You Need to Know Key to the long-term success of any business-to-business vendor are its advocates out in the field: professionals who insist on attesting to their positive experience working with any particular vendor and that vendor’s product. For providers of cloud software for human capital management, when these testimonials encompass the intertwinement of their technology with the aspirations of exemplary people leaders, the stories are especially powerful. Whenever HCM software transforms HR, lifting it out of the doldrums and frustrations of out-of-control operational HR and into a new place where people leaders have the administrative part of their charter tamped down and can indeed lead people, it’s a story that demands to be told. In the spirit of amplifying one such testimonial, this […]
Continue readingResearch Note: Unleashing the Power of Influencers: Transforming Organizational Change through Performica
Introduction: In today’s rapidly evolving business landscape, organizations are constantly seeking innovative ways to drive change and transformation. One area that has emerged as a powerful catalyst for organizational growth is the utilization of key influencers. These influencers, from within the ranks of employees, possess the ability to shape company culture, enhance employee engagement, and drive positive change. In this Research Note, 3Sixty Insights explores the transformative impact of influencers on organizational change and transformation through the lens of an insightful interview with Katherine Stueland, President and CEO of GeneDx. An Urgent Quest for Answers GeneDx, an organization committed to ending the diagnostic odyssey for individuals with rare diseases, understands the immense challenges faced by patients and their families in their desperate pursuit of accurate […]
Continue readingNow of Work Guest Podcast – Women in HR Tech Summit — Exclusive Preview
Headed to HR Technology Conference on Oct 10-13? Still on the fence? Reason #117 to go (you could say #1 reason): The Women in HR Technology Summit is included in your premium pass, and it’s the only conference program like it. Jeanne Achille is the Program Chair for Women in HR Tech, and she covered the origins of this powerful summit with my co-host, Jess Von Bank! HR is dominated by women, even at executive levels where the numbers normally skew toward men. So why this summit and these topics? Jess and Jeanne also discussed the programming for Women in HR Tech, which includes six sessions and keynotes designed to provide valuable insights into topics that impact everyone in the workforce, including how to generate new leadership opportunities for women, and how to build cultures of […]
Continue readingImmedis: Memoirs From the Outside Looking In
“The days are long, but the years are short.” ― Gretchen Rubin, New York Times Best-Selling Author Many of us have heard some rendition of this saying. Plenty of us have thought the idea with no prompt whatsoever. The version above encapsulates the concept as good as any and is attributable to acclaimed author Gretchen Rubin, whose work I have not read. Surely her books must be profound. What else is profound? The trajectory of Immedis is. Sometimes, the people you meet when you’re in the thick of starting something new leave an impression that sticks with you. I stopped short of titling this blog post “A Love Letter to Immedis,” because it’s not quite this. Plus, it would be a little bit weird. But […]
Continue reading#HRTechChat: A Deep-Dive Into PandoLogic Owner Veritone’s Acquisition of Broadbean
At the very tail end of May 2023, the enterprise artificial intelligence software and services vendor Veritone announced the acquisition of Broadbean, a global recruitment technology company. Given that PandoLogic joined the family of Veritone companies in mid-summer 2021, we invited an expert each from PandoLogic and Broadbean to appear on the #HRTechChat video podcast and discuss synergies between the two now-Veritone companies. Joining us for this episode were Faisel Samseer, director of partnerships, development and growth for Broadbean, and Nikos Livadas, vice president of partner development for PandoLogic. Viewers (and listeners at the many audio podcast platforms where #HRTechChat syndicates) know we typically have in-depth discussions and communication with our guests in the “virtual greenroom” in the run-up to each episode. This episode is […]
Continue readingCase Study: Rutherford Investment Company Partners with isolved to Evolve from Operational to Strategic HR
What You Need to Know We often discuss digitization as a way to facilitate operational HR—the nitty gritty fundamentals, the necessities, the boxes that need to be checked. The assumption inherent in these conversations is that greasing the path for these compliance-oriented tasks will free up time for strategic HR, reducing administrative tedium in favor of higher-level, people-oriented efforts. This journey to HCM maturity is a long series of steps, each at once meaningful and small. It is a path to success we’ve seen unfold time and time again with users of isolved. Put these small steps aside, however. Consider also that it’s so often the small things that define the employee experience, always a priority no matter where an organization is in its HCM […]
Continue readingAnalyst Insight: Insperity Empowers People Leader at CoreRx to Demonstrate HR’s Strategic Value to the Organization
Six years ago, Kevin Rierson became the very first HR person at CoreRx. In business for 11 years at the time, CoreRx, which now employs approximately 200 people (with some seasonal ebb and flow), is what’s known in the pharmaceutical industry as a contract manufacturing organization (CMO). This means it formulates drug delivery methods, such as tablets and capsules, and moves them through the manufacturing process to be cleared and approved by the FDA. Before Rierson joined CoreRx as the HR director, HR at the company fell under the authority of an “accidental HR person” — in the parlance of human capital management (HCM), someone with another, official role who also happened to be responsible for tactical, operational HR. It’s easy to imagine the result […]
Continue readingInsperity Blog – 5 ways a PEO can serve as a strategic partner for midsize businesses
There are many misconceptions about professional employer organizations (PEOs). Often, one of them is that PEOs only deliver value for smaller businesses. But what about PEOs for midsize businesses with operational challenges? These business owners may ask: What value does a PEO bring to midsize businesses? How can a PEO serve as a strategic partner for growing businesses? How can midsize businesses benefit from PEOs? Once businesses reach the 50-employee threshold, expand into other states and municipalities or hire remote employees who reside elsewhere, they can be subject to more legal and regulatory complexities. Other challenges of growing organizations can also impede, such as business owners’ focus on serving customers and not having sufficient time to allocate toward HR responsibilities. Often, when a business scales up, HR […]
Continue readingAnatomy of a Decision: Frontline Employee Experience Platform Harri Drives Operational and Financial Excellence for Jersey Mike’s Subs
What You Need to Know At what point does a business pause to consider the costs of managing HR processes on paper and in digital spreadsheets? Where does the push come from to trigger an analysis of manual processes vs. automation? In many cases, manual processes work just fine and a ‘don’t fix it if it ain’t broke’ perspective leaves those processes neglected until a problem arises. Because something is working, however, doesn’t necessarily mean that it’s efficient. What if transitioning human capital management (HCM) processes from manual to automated can save a significant amount of time, money, and frustration for your business? HCM automation enables swift execution of scheduling and recruiting processes that currently consume large chunks of time for businesses. Automation alleviates complex […]
Continue reading#HRTechChat: The “Ambition Recession” and Activating Employees with Pamela Stroko
Welcome back to another episode of #HRTechChat, where we dive into the latest trends and strategies in human resources and workplace technology. In this podcast episode, our host, Jennifer, is joined by HR expert Pamela Stroko to discuss a pressing topic – the staggering 59% of the workforce who are quietly quitting their jobs. Pamela sheds light on the concept of the “”Dead Zone,”” the time of day when remote or hybrid workers are not available to their managers. This lack of trust and connection to work has contributed to the decline in productivity and engagement among employees. Pamela introduces a concept called the “Ambition Recession,” a term coined by Gad Levanon, which points to the decline in employee ambition and engagement since the pandemic. […]
Continue reading3Sixty Insights Monthly Recap | July 2023
Upcoming Events: HR Technology Conference & Exposition – Women in HR Tech | October 10, 2023 Join 3Sxity Insights’ Jennifer Dole, along with Kelly Cartwright Vice President of Global Talent Acquisition of Splunk and Clarissa Peterson President and CEO of Ohana HR, LLC as they discuss HR Technology in pact to helping drive gender equality. Recent Research Case Study Vignette: Insperity Partners with CEO of Quickly Expanding Midmarket Client PRS to Help Him Achieve Strategic Plan for the Workforce PRS, a small organization growing rapidly in its headcount to become a midmarket employer, turned to Insperity to replace an existing, run-of-the-mill professional employer organization. Why? PRS’s CEO recognized Insperity as PEO that would be able to help hir organization manage this growth from the standpoint […]
Continue readingProfessional Employer Organizations: Getting From Operational to Strategic
When it comes to HR, most small businesses reach a point of reckoning. They finally realize they can’t wing it anymore, whether that be with accidental HR people or inadequate technology — or, for the latter, none at all beyond email, perhaps a shared drive, and standard-issue spreadsheet software. (Believe us when we say, even well past the second decade of the 21st century, we still see it all in the interviews 3Sixty Insights conducts with users….) Reaching their senses, small businesses eventually seek structure for all the complexities and red tape associated with the management of the employment of people. This is when they may call up the services of a typical professional employer organization. Most of the time, these employers are stretched as […]
Continue readingAnalyst Insight: Revolutionizing Manufacturing Performance – How Cornerstone Drives Productivity, Quality, and Efficiency in the Competitive Market
Introduction Manufacturing companies excel at discovering and investing in performance efficiencies and process automation that increases production and guarantees quality. Companies that also apply these same philosophies to HR systems and processes through advanced technologies and data analytics significantly improve employee productivity, quality of work, and execution efficiencies while realizing increased profitability and improved competitiveness. Yet many manufacturing companies find themselves with fragmented HR performance systems managing compensation in Excel, annual reviews in one system, ATS in another, sales commissions in another, and attendance in another to name a few. Investing in one complete system that modernizes performance toolsets helps companies overcome challenges in aligning talent with business strategy, improving data insight and accountability, and driving positive culture and behavior. One such platform, Cornerstone, enables […]
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