|By Business Wire||
|July 15, 2014 04:52 PM EDT||
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.
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.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Dec. 6, 2016 10:59 AM EST
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 10:15 AM EST Reads: 521
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Dec. 6, 2016 09:15 AM EST Reads: 2,141
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 6, 2016 09:00 AM EST Reads: 3,963
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Dec. 6, 2016 08:45 AM EST Reads: 7,124
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Dec. 6, 2016 08:30 AM EST Reads: 879
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Dec. 6, 2016 08:30 AM EST Reads: 1,335
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Dec. 6, 2016 08:15 AM EST Reads: 1,671
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 6, 2016 07:15 AM EST Reads: 1,837
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 6, 2016 07:15 AM EST Reads: 740
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Dec. 6, 2016 07:00 AM EST Reads: 837
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 6, 2016 06:30 AM EST Reads: 1,132
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Dec. 6, 2016 06:00 AM EST Reads: 527
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Dec. 6, 2016 05:00 AM EST Reads: 1,656
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 04:45 AM EST Reads: 1,002
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Dec. 6, 2016 04:30 AM EST Reads: 1,936
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 12:45 AM EST Reads: 870
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Dec. 6, 2016 12:30 AM EST Reads: 1,201
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Dec. 6, 2016 12:30 AM EST Reads: 4,593
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 6, 2016 12:00 AM EST Reads: 920