Click here to close now.

Welcome!

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
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and high availability solutions, leveraging the cloud and the benefits of Infrastructure-as-a-Service (IaaS...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world and it starts with business models and monetization strategies.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context wi...
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 Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at the same time reduce Time to Market (TTM) by using plug and play capabilities offered by a robust IoT ...
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
To many people, IoT is a buzzword whose value is not understood. Many people think IoT is all about wearables and home automation. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed some incredible game-changing use cases and how they are transforming industries like agriculture, manufacturing, health care, and smart cities. He will discuss cool technologies like smart dust, robotics, smart labels, and much more. Prepare to be blown away with a glimpse of the future.
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are rapidly redefining traditional integration approaches and their reliance on proprietary connectors. ...
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust IT industrialization – allowing customers to provide amazing user experiences with optimized IT per...
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will addresses this very serious issue of profound change in the industry.
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud environment, and we must architect and code accordingly. At the very least, you'll have no problem fillin...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.