Adobe Flex Authors: Matthew Lobas, PR.com Newswire, Shelly Palmer, Kevin Benedict

News Feed Item

Ultimate Software Enables Companies to Make More Effective Compensation Decisions with New Compensation Management Solution

Ultimate Software (Nasdaq: ULTI), a leading cloud provider of people management solutions, announced today that it has delivered numerous enhancements to its HCM solution in the UltiPro Spring 2014 release, including a new compensation management product, additional talent analytics that help identify top talent, and the general availability of its new UltiPro Recruiting solution, first announced in October 2013.

“Our most recent version of UltiPro delivers a wide range of technology enhancements designed to improve the work experiences for our customers and employees at every level of their organizations,” said Adam Rogers, chief technology officer at Ultimate Software. “The Spring 2014 release of UltiPro continues our journey in helping businesses of all sizes and across all industries to simplify work to engage their employees.”

New Compensation Management Solution

UltiPro’s new Compensation Management solution — now available to all customers — enables managers to easily navigate through the often-challenging process of allocating pay and rewards to their people, with new, more flexible capabilities to view and analyze current compensation, as well as set up compensation plans by various factors such as performance.

Key features of UltiPro Compensation Management include:

  • Analysis tools and talent insight that enables managers to make informed compensation decisions
  • Data visualizations and executive roll-up views for informed decision making
  • Configurable merit guidelines based on performance rating or compa ratio that also support employees in their local currencies
  • Options to establish target amounts based on percentage of base pay, flat amounts, or units (e.g., restricted stock units)
  • Alignment of employee compensation with corporate objectives while staying within budget and following established guidelines

“When managing today’s dynamic and evolving workforce, we believe it’s more important than ever to have the right resources and confidence that you are effectively compensating and motivating your people,” said Rogers. “Equally important is that your employees, regardless of the country where they work, understand their compensation and have visibility into the factors that drive it.”

Extending Talent Analytics

Following the 2013 release of its award-winning UltiPro Retention Predictor™ — a sophisticated metric based on a statistical model that helps predict an employee’s likelihood to stay with an organization — Ultimate introduced the new UltiPro High Performer Indicator™. Embedded within the employee’s talent card, the UltiPro High Performer Indicator is a big data-fed algorithm that uses employee information beyond performance history to give business leaders an easy-to-read, visual indicator about each employee’s performance over time.

“The promise of big data isn’t solely about finding data patterns. It’s about finding the right insights and making them actionable to drive better business results,” said Rogers. “In talent-dependent businesses, where the cost of replacing key employees is considerable, the type of business-critical insight provided by UltiPro’s predictive analytics tools is extremely valuable.”

Compliance with the Affordable Care Act

In addition to providing customers with capabilities for enhanced talent management, Ultimate is introducing new tools in UltiPro that will help U.S.-based customers effectively manage the complex eligibility requirements for employee benefits as well as provide assistance in meeting the most recent compliance regulations related to the Patient Protection and Affordable Care Act (PPACA).

With the new Healthcare Eligibility Dashboard in UltiPro, customers have a visual, immediate way to configure and track multiple measurement groups based on PPACA requirements to determine employee eligibility for medical coverage. Customers can choose to use Safe Harbor parameters that reflect their organization — measurement, administrative, and stability periods — to determine if employees are considered full time.

Candidate-Focused Recruiting

In the Spring 2014 release of UltiPro, Ultimate made the new UltiPro Recruiting solution generally available, with over 15 live customers using the solution. UltiPro Recruiting transforms the traditional approach to recruiting by putting the candidate’s experience first.

Instead of a system that focuses primarily on automation and efficiency for recruiters, Ultimate’s new recruiting solution is designed to simplify people’s experience early in the talent acquisition process, make the process a personal and impactful experience, and prevent candidate drop-off.

“UltiPro Recruiting is an entirely new approach to attracting and hiring people — a candidate-focused solution that delivers an engaging, relationship-driven experience that will help organizations connect the best talent with their business,” said Cecile Leroux, vice president of product strategy and product management at Ultimate Software.

Some of the features of UltiPro Recruiting include:

  • Gamification, collaboration tools, mobility, and integration with popular social networks
  • The ability for candidates to build an in-depth, online presence rather than being limited to the traditional candidate profile
  • Functionality that invites a candidate to discover their potential and recommends job opportunities to candidates based on innate competencies, behaviors, motivations, and career aspirations — rather than just displaying open jobs based on a typical keyword or title search
  • State-of-the-art design principles for the user experience — ethnographic research, real-world observation of the online job application process, data from eye-tracking technology studies that show how users navigate web-based applications, and input from hundreds of current customers
  • A recruiter experience that reflects how recruiters and hiring managers prefer to work

“Engagement of people will always be central to Ultimate Software’s business philosophy for our customers, and we believe successful candidates become successful employees,” said Rogers. “For many organizations, it is difficult to engage people in the talent acquisition process, which frequently is the candidate’s first interaction with a company. Treating recruiting like a consumer interaction and designing the experience around the candidate are crucial for businesses today that want to attract top talent.”

About Ultimate Software

Ultimate Software is a leading cloud provider of people management solutions, with more than 15 million people records in the cloud. Built on the belief that people are the most important ingredient of any business, Ultimate’s award-winning UltiPro delivers HR, payroll, talent, compensation, and time and labor management solutions that seamlessly connect people with the information and resources they need to work more effectively. Founded in 1990, the company is headquartered in Weston, Florida, and has more than 2,000 professionals focused on developing the highest quality solutions and services. In 2014, Ultimate was ranked #20 on FORTUNE’s list of the 100 Best Companies to Work For; ranked #8 on Forbes magazine’s list of the 100 Most Innovative Growth Companies; and recognized as a ‘Leader’ in Nucleus Research’s HCM Technology Value Matrix. Ultimate has 2,700 customers with employees in 150 countries, including Adobe Systems Incorporated, Bloomin’ Brands, Culligan International, Major League Baseball, Pep Boys, Texas Rangers Baseball, and Texas Roadhouse. More information on Ultimate’s products and services for people management can be found at www.ultimatesoftware.com.

UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.

Follow Ultimate Software on Twitter: www.twitter.com/UltimateHCM or on LinkedIn: http://linkd.in/UltimateHCM

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source IoT framework, today announced that the two organizations’ boards have approved a merger under the OCF name and bylaws. This merger will advance interoperability between connected devices from both groups, enabling the full operating potential of IoT and representing a significant step towards a connected ecosystem.
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
As cloud adoption continues to transform business, today’s global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...