Associated tags: Health, Professional Services, Human Resources, Software, NYSE, Data Management, Data Analytics, Alight
Locations: VIRGINIA, DC, PENNSYLVANIA, ILLINOIS, UNITED STATES, NORTH AMERICA, EWA, APAC
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Event Alight (NYSE: ALIT or the “Company”) today announced it will release first quarter results before market open on Wednesday, May 8, 2024, and management will subsequently discuss the results on a webcast at 8:30 a.m.
Key Points:
- Alight (NYSE: ALIT or the “Company”) today announced it will release first quarter results before market open on Wednesday, May 8, 2024, and management will subsequently discuss the results on a webcast at 8:30 a.m.
- ET.
- The webcast and a presentation of financial information will be publicly available at Events & Presentations .
- A replay of the call will be available on the Company website, and through Wednesday, May 22, 2024 by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 1127263.
Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider has been named as one of the Fortune 100 Best Companies to Work For® in 2024 by Great Place To Work® and Fortune magazine .
Key Points:
- Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider has been named as one of the Fortune 100 Best Companies to Work For® in 2024 by Great Place To Work® and Fortune magazine .
- Alight ranked 74th among the 100 Best Companies to Work for, marking its inaugural appearance on this prestigious list and underscoring its dedication to prioritizing employee satisfaction and wellbeing.
- Great Place To Work, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback from more than 1.3 million U.S. employees.
- “Fortune is happy to have collaborated with Great Place To Work for the 27th year to recognize the 100 Best Companies to Work For,” says Alyson Shontell, editor-in-chief at Fortune.
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Health insurance Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider, today announced the first major release of Alight Worklife for 2024.
Key Points:
- Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider, today announced the first major release of Alight Worklife for 2024.
- The release introduces AI-powered workforce support, comprehensive benefits management, and holistic financial and wellbeing capabilities to improve the employee experience and help generate increased ROI for employers.
- Native to Alight Worklife, Alight Pay delivers on- and off-cycle payroll in various jurisdictions internationally, with built-in SOC controls and defensive queries to improve payroll accuracy and minimize leakage.
- With over 60 new features, this is the first of two major releases in 2024 for Alight Worklife.
Retrieved on:
Wednesday, March 20, 2024
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Kirkland & Ellis Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced that it has signed a definitive agreement to sell its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment (the “Payroll & Professional Services business”) to an affiliate of H.I.G.
Key Points:
- Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced that it has signed a definitive agreement to sell its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment (the “Payroll & Professional Services business”) to an affiliate of H.I.G.
- This values the Payroll & Professional Services business at a multiple of approximately 10 times its estimated 2023 adjusted EBITDA and 24 times its estimated unlevered free cash flow.
- Following the transaction, Alight and the Payroll & Professional Services business will establish a commercial partnership to bolster their collective competitiveness, coupling world-class service capabilities with a compelling value proposition for clients.
- “We are thrilled to partner with Luca and the entire Payroll & Professional Services team,” commented Matt Lozow, Managing Director at H.I.G.
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Straight-through processing As a part of its holistic strategy, Alight recently integrated leave management into the Alight Worklife® platform.
Key Points:
- As a part of its holistic strategy, Alight recently integrated leave management into the Alight Worklife® platform.
- This integration offers a unified experience for employees, empowering them to more easily initiate leave of absence claims, assess eligibility, track claim status, explore leave options, and access disability-related information.
- SmartSTART streamlines claim intake for leaves of absence by asking questions based on the condition and reason for leave.
- This capability increases the speed at which decisions for common leaves of absence, such as maternity and certain routine surgeries, are approved and completed.
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Partnership The Alight Worklife platform will leverage SAP S/4HANA Cloud to provide organizations with a transformative, cloud-based payroll system.
Key Points:
- The Alight Worklife platform will leverage SAP S/4HANA Cloud to provide organizations with a transformative, cloud-based payroll system.
- The new offering can improve payroll efficiency and performance and enhance security around sensitive employee and organizational data.
- Through this partnership, Alight will provide full support for organizations currently using Alight payroll systems on-premise who are looking to move to the cloud to better address these challenges to ensure a seamless transition.
- “Our continued partnership with Alight combines payroll excellence with leading-edge cloud technology to help organizations prepare their business and their workforce for the future.”
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Cryptocurrency Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that its Operating Chief Financial Officer, Jeremy Heaton, will represent the Company at the KeyBanc Emerging Technology Summit on Wednesday, March 6, 2024, and at the Bank of America Information & Business Services Conference on Thursday, March 14, 2024.
Key Points:
- Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that its Operating Chief Financial Officer, Jeremy Heaton, will represent the Company at the KeyBanc Emerging Technology Summit on Wednesday, March 6, 2024, and at the Bank of America Information & Business Services Conference on Thursday, March 14, 2024.
- The Company’s presentation at the KeyBanc Emerging Technology Summit will be hosted at 10:00 a.m. PT on March 6 and available via live webcast here .
- The Company’s presentation at the Bank of America Information & Business Services Conference will be hosted at 10:00 a.m.
- ET on March 14 and available via live webcast here .
Retrieved on:
Thursday, February 22, 2024
While we have not had any engagement with Starboard to date, we welcome discussions on our strategy and creating shareholder value.
Key Points:
- While we have not had any engagement with Starboard to date, we welcome discussions on our strategy and creating shareholder value.
- Alight’s highly qualified Board has the skills, leadership qualifications and independence needed to guide Alight as it executes its strategic initiatives.
- Alight is successfully executing a strategy that is pivoting the Company to a higher-growth, higher-margin operating model, which we expect to drive medium- and long-term value creation.
- We are starting 2024 with record revenue under contract, strong commercial momentum, and meaningful margin expansion potential.
Retrieved on:
Wednesday, February 21, 2024
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ALSA Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2023.
Key Points:
- Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the fourth quarter and full year ended December 31, 2023.
- “Our three-year transformation has generated significant momentum and enabled Alight to deliver strong 2023 results,” said Chief Executive Officer Stephan Scholl.
- For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.
- A conference call to discuss the Company’s fourth quarter and full year 2023 financial results is scheduled for today, February 21, 2024 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time).
Retrieved on:
Monday, February 19, 2024
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Health insurance In addition to penalties, the report found 51% of those surveyed still use spreadsheets, and 19% use outdated manual or paper processes within their payroll departments.
Key Points:
- In addition to penalties, the report found 51% of those surveyed still use spreadsheets, and 19% use outdated manual or paper processes within their payroll departments.
- The survey also reveals that many companies are shifting towards more streamlined processes and migrating more of their payroll operations to the cloud.
- As well, payroll challenges are magnified for companies operating in the top 10 most complex payroll processing countries where there is an increased likelihood of receiving a penalty for payroll non-compliance.
- The survey targeted payroll professionals as well as key stakeholders with a vested interest in payroll operations in their respective companies including the number of countries companies processed payroll in, to the number of fines and penalties received for non-compliance.
