Double-Digit Growth in Total Bookings and BPaaS Revenue Adjusted EBITDA growth to a range of 8%-10%, or $610 million to $620 million. Alight Total Health Benefits Administration Healthcare Navigation Reimbursement Accounts Alight Well Eligibility & Compliance Everything health on a single platform. According to the findings, more than half (58%) of companies believe they understand what benefits their employees want, whereas only 37% of employees say their employers benefit offerings meet their needs. For over a decade, FlexJobs has tracked and analyzed remote job postings to help connect job seekers with remote career opportunities. @\ bpm$?`20R?g 7 Data privacy and security practices may vary based on your use, region, and age. 771 reviews from Alight Solutions employees about Alight Solutions culture, salaries, benefits, work-life balance, management, job security, and more. Reconciliations of projected non-GAAP measures included in the Business Outlook section of this press release are not included as they cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted. L|b PuHBx;G|/s(,h9L,p-]Lr@0X3Lra4%>Z@VPa: Pros. These products capitalize on the Companys robust data combined with artificial intelligence (AI) and analytics to deliver greater employee engagement and employer outcomes. Employer Solutions revenues increased 5.4% to $569 million for the three months ended June 30, 2021 as compared to $540 million for the prior year period. Successful Business Combination, Balance Sheet Highlights and Other Subsequent Events. Professional Services Gross Profit of $26 million for the three months ended June 30, 2021 was flat with the prior year period. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Investor.relations@alight.com. Benefits are way overpriced but there is a great variety of benefits and perks. The increase in gross profit was primarily driven by revenue growth as discussed above and lower delivery expenses related to the Companys cloud-based services and productivity initiatives, including the impact of lower restructuring and integration related costs, partially offset by increases in costs associated with the growth in current and future revenues. This will help to improve the awareness and utilisation of benefit programmes, drive greater returns on investment for employers, enhance the overall employee wellbeing, and ultimately help to attract and retain talents now and in the future," said Jan Pieter Janssen, vice president of business development at Alight. Employer Solutions Adjusted EBITDA increased 8.7% to $138 million, or 24.3% of Employer Solutions revenue, for the three months ended June 30, 2021, as compared to $127 million, or 23.5% of Employer Solutions revenue, for the prior year period. To give your people the best experience and your business the best return, you need steadfast, integrated solutions to help everyone save in the long run. Its a struggle to make smart health benefit decisions alone. Get assistance By Phone (TTY 711) You can speak with one of our Licensed Advisors (TTY 711) What kind of benefits do Aon employees get? Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. However it will be costing my company a lot more time for me to manage such. The transaction is expected to be completed during the fourth quarter of 2021 and remains subject to regulatory approvals and other customary closing conditions. Coverage under any Chipotle employee benefit plan or program is subject to the rules, conditions, and restrictions that apply pursuant to the governing plan docu-ments, including the summary plan descriptions (SPDs) and any Reset password? As a result of the above factors, loss before income tax benefit was $6 million for the three months ended June 30, 2021 compared to $30 million for the three months ended June 30, 2020. Interest expense increased 15.1% to $61 million for the three months ended June 30, 2021 as compared to the prior year period. 163 0 obj <>stream I don't understand how there's a high rating for this app. Reported anonymously by Alight Solutions employees. Cut through complexity and map out a clear deployment for your organization. Below youll find an overview of the benefits available to our U.S. colleagues. Alights Managed Payroll Services combines deep payroll expertise, decades of experience and innovative technology to deliver accurate and compliant payroll administration. And of course Alight does NOT provide direct support services via phone. A simple, seamless, integrated and connected employee experience. Use this app to: - Find a doctor or urgent care clinic. In addition, I signed up for a challenge to manual record each day if I have met that challenge: however it does not allow you to save any confirmation of completion. The decrease was primarily driven by lower expenses related to productivity initiatives, including the impact of lower restructuring and integration related costs, partially offset by non-recurring professional expenses related to costs incurred in relation to the Companys Business Combination Agreement completed in the third quarter of 2021 and higher costs related to investments in commercial functions. Alight Solutions is proud to be named to the Top 100 Companies for Remote Jobs by @FlexJobs! Research by Alight analyses employee perceptions of workplace benefits offered by employers across Europe. Safety starts with understanding how developers collect and share your data. My State Farm Benefits Resource Center. See how our strategic partnerships deliver View source version on businesswire.com: https://www.businesswire.com/news/home/20230302005085/en/, Teresa ZhouTEAM LEWISAlightHub@teamlewis.com, Workplace Benefits in a Changing World 2023 report, https://www.businesswire.com/news/home/20230302005085/en/, Reports: 3 children dead, 2 wounded in attack at Texas home, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, U.S. court won't require FAA to make airplane seat size, spacing rules, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm. !\{F%eM$M{(&Z3#ss9;Xt!?tG=>tI+oL$FF]yydo>n{?{}kS|8Wkj?KX V6(GUb ?>lwK}*krExjQ5c)iv+XS#M_@2+]tc&r?i/g=P4YN&FwiiLa{Myqu4|2-. For example, 61% of employers believe their employees understand the available benefits "very well" and 65% believe they have communicated them clearly to employees, yet less than half of employees (48%) agree with this sentiment. Our flexible working environment empowers our teams to find balance so that they can fully engage at the office and in life. So hard to get ahead. Alights 15,000 dedicated colleagues serve more than 30 million employees and family members. Whether youre looking for us to augment your team or take ownership of your payroll operations, our flexible approach means we can adapt to your needs. Alight and Fringe are focused on providing an innovative benefits experience for todays workforce, said Isaiah Goodall, co-founder and head of channel partnerships at Fringe. Current and former employees report that Alight Solutions provides the following benefits. Additionally, Adjusted EBITDA less Capital Expenditures is a non-GAAP measure that is used by management and our stakeholders to evaluate our core operating performance. That's why we put the health and vitality of our people at the absolute center of everything we do through EY Better You a holistic approach to well-being. Welcome to your online benefits portal. FlexJobs is excited to announce its 10th annual Top 100 Companies to Watch for Remote Jobs list! The developer, Alight Solutions, LLC, indicated that the apps privacy practices may include handling of data as described below. mackenzie.lucas@alight.com, Alight Investor Relations 3.1. Discover what it means to be a Better You at EY. View source version on businesswire.com: to 6p.m. Once logged in, you can access your personal benefits information wherever and whenever needed. Eliminate the complexity of managing multi-country payroll by leveraging a unified payroll experience for your global workforce. In addition, the Companys updated full-year adjusted EBITDA outlook now. Find Your HR Website | Alight Find Your HR Website Home Find Your HR Website Need help with your personal benefits? This global commodity company was using local banks to manage payroll payments to their employees which were unreliable, expensive and operationally burdensome. The developer provided this information and may update it over time. 2023 Medical insurance is abysmal. A comprehensive solution where data-driven analytics guide your people to make better healthcare decisions and curb overspending. The increase in gross profit was primarily due to revenue growth as discussed above and lower expenses related to productivity initiatives, including the impact of lower restructuring and integration related costs, partially offset by increases in costs associated with growth of current and future revenues. Current and former employees report that Alight Solutions provides the following benefits. This guide provides highlights of Chipotle's employee benefit plans and programs for summary purposes. Additionally, more than half (61%) of employers insist their benefits go beyond local requirements, while just over a third (34%) of employees believe their companies offer substantial benefits beyond those required by local legislation. Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider today announced the launch of its Wellbeing Marketplace to help employers unlock flexibility and bring more choice in benefit offerings for their diverse workforce needs through a curated network of lifestyle benefits from a trusted source. Gross profit, inclusive of depreciation and amortization, increased 16.0% to $217 million, or 32.3% of revenue, for the three months ended June 30, 2021 from $187 million, or 28.9% of revenue, in the prior year period. Professional Services Adjusted EBITDA decreased 22.2% to $7 million for the three months ended June 30, 2021, as compared to $9 million for the prior year period. Their employees may join in a wide selection of benefit programs as soon as they become eligible. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. As an employer, your top priority is to take care of employees, engaging them in their health and wellbeing, while saving on costs. The curated experience provided through the Wellbeing Marketplace helps employees gain access to a broad range of wellbeing services and experiences that are relevant and meaningful to them based on interests and lifestyle needs.. At Alight Solutions, we promise to treat your data with respect and will not share your information with any third party. A conference call to discuss the Companys second-quarter 2021 financial results is scheduled for today, August 12, 2021, at 7:30 a.m. Central Time. Giving your workforce greater control over their finances is crucial to attracting and retaining top talent. Alight's new Workplace Benefits in a Changing World 2023 report surveyed 1,400 employees and 420 mid-sized to large employers across France, Germany, Italy, Netherlands, Spain and the United . The respondents worked for mid-sized and large companies across multiple industries. It may not be complete. Visit the Better You Experience our virtual benefits fair to get familiar with the great programs and services available through Better You. In connection with the closing of the merger with FTAC, the Company repaid $1,786 million of debt, consisting of $556 million of term loan debt and $1,230 million of unsecured notes. Please use our support tool to find your HR website and your company's service center contact information. Require additional assistance with your personal benefits? . And we keep running into bugs with the app, as stated to be such by State Farm retirement reps we end up having to call, wasting our time and theirs. ROI guaranteed. 2 HDHP plans w/crazy high OOP limits and 1 PPO option: $150+ deducted per check. We'll make sure you're connected to the right person. It is crucial for employers to identify ways to innovate and future-proof benefits strategies and provide employees with an integrated, personalised and technology-driven experience. Alight's new Workplace Benefits in a Changing World 2023 report surveyed 1,400 employees and 420 mid-sized to large employers across France, Germany, Italy, Netherlands, Spain and the United . Contact our support team. The Era of the Employee is here | Alight, Media Contact Income tax benefit was $2 million for the three months ended June 30, 2021, as compared to $5 million in the prior year period. Learn about Alight Solutions , including insurance benefits, retirement benefits, and vacation policy. I tried the website with desktop browser because the app experience is so frustrating but it somehow can't find my employer on desktop but can in the app. But are any helping you navigate, utilize and ultimately save on your investment? Committed to helping America's military veterans find work, Has programs that support a diverse and inclusive workforce, Taking steps to prioritize employee well-being, Maintain entry-level hiring and career development programs to give people career starts, Alight Solutions is proud to be named to the Top 100 Companies for Remote Jobs by @FlexJobs! They may be eligible to the following benefits once they are qualified: Medical; Dental Vision Furthermore the app seems to be missing the required permissions to enable Apple Health tracking: when you link it will tell you that is linked but it is not as the app never invokes the Apple Health permissions screen to enable it to read my data so consequently it does not track steps automatically. - Enroll in important benefits. Access your employer benefits health, retirement and payroll details anytime, anywhere. Robust solutions to help your people grab hold of their financial future. For more information, please visit www.alight.com. All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. Use this app to: - Find a doctor or urgent care clinic. KLM: The choice of SAP to ensure standarization, continuity and flexibility, The 10 most common payroll process errors and how to avoid them. 2023 Alight Solutions. Your response will be removed from the review this cannot be undone. On August 1, 2019, Employee benefits platform Hodges-Mace was acquired by Alight Solutions. Within our four well-being dimensions are traditional benefits as well as unique, voluntary programs, designed to help you thrive and succeed in our fast-paced work environment and transformative world: Physically focused support to help you reach and maintain your healthy peak hbbd```b``d"^e" "yy^I50i With an unwavering belief that a companys success starts with its people, Alight Solutions is a leading cloud-based provider of integrated digital human capital and business solutions. "Organisations need to take a proactive approach to workplace benefits to bridge the gap between employers and employees. Interested parties can also listen to a live webcast or replay of the conference call and access accompanying presentation materials by logging on to the Investor Relations section on the Companys website at http://investor.alight.com. Search below to find your company's HR website. The Benefits Center is powered by Alight Solutions. The replay of the conference call webcast and accompanying presentation materials will be available on the investor relations website for approximately 90 days. Designed to help administer your health benefits, cut costs and unlock the wellbeing of your people. Certified integrations with your HR platform allow for real-time calculations and an always-on payroll model that improves accuracy. Premiums are based off your pay range. To learn more about the Workplace Benefits in a Changing World 2023 report, download the 2023 report here. ABOUT ALIGHT SOLUTIONS Work and life. If you have any difficulty navigating or using this site, call theBetter You Benefits Center. Financial wellbeing is a rising topic of importance for employees. The revenue growth discussed above was offset by increases in costs associated with growth of current and future revenues. The pay could be a little better especially for the work you have to perform. The increase was primarily due to increased operating leverage and lower delivery expenses from productivity initiatives, partially offset by increased investments in the commercial functions and technology. Adjustments to reconcile net loss to net cash provided by operations: Acquisition of businesses, net of cash acquired, Net (decrease) increase in fiduciary liabilities, Principal payments on finance lease obligations, Tax payment for units withheld in lieu of taxes, Restricted cash included in fiduciary assets, Total cash, cash equivalents and restricted cash, Financing fee amortization and other non-cash items, Change in operating assets and liabilities, Adjusted EBITDA less Capital Expenditures, Recurring and total Hosted Business revenue, Total revenue increased 3.9% to $672 million, driven by a 5.4% increase in Employer Solutions revenue and a 3.4% increase in Professional Services Revenue, Business Process as a Service (BPaaS) revenue increased 19.0% to $94 million and represented 14.0% of total revenue, Operating income increased 211.1% to $56 million, net loss decreased to $4 million from $25 million and adjusted EBITDA increased to $145 million from $136 million, Total bookings increased 13.9% to $435 million and BPaaS bookings increased 287.1% to $240 million on a total contract value basis, Landed and expanded a number of new logos and existing clients, including Sartorius, ABN AMRO, Ledesma and GE Appliances (a Haier company), Completed Business Combination Agreement with Foley Trasimene Acquisition Corp. and repaid more than 40% of total debt on July 2, 2021 and began trading on NYSE under ticker ALIT on July 6, 2021. LearnMore. A little over one year into our technology-led transformation, we could not be more excited about our unique opportunity to support what we call the decade of the employee. Alight allows employees to enrich their health, wealth and work while enabling global organizations to achieve a high-performance culture. Continue to push apps out for well being. A gap in communications and understanding could be one factor influencing the disconnect between employers and employees. Heres ourprivacy policy. As a result, and in conjunction with the business combination, the Company reduced its total debt by more than 40% to $2,351 million. "At Alight, we are powering human capital by bringing to market the first integrated employee benefits engagement platform, Alight Worklife, which drives improved outcomes and productivity through a personalized experience for our more than 30 million participants and their family members," said Chief Executive Officer Stephan Scholl . Learn more about how we can help your business. All rights reserved. %%EOF Heres ourprivacy policy. The Wellbeing Marketplace allows employers to easily unlock flexibility that grows loyalty without the complexity of vendor management, providing frictionless engagement to support healthy bodies, minds, wallets and lives for their employees. Search below to find your company's HR website. 3 plans , 2 High Deductible plan and 1 PPO - the harder you work the more you might get paid. Alights Wellbeing Marketplace is Integrated into the Alight Worklife platform and powered by Fringe, the lifestyle benefits platform that is redefining employee benefits for the new world of work, to give employers and their employees single sign-on capabilities (SSO) to the most comprehensive set of wellbeing experiences and services in the market. This compares to the Companys previous full-year 2021 revenue growth outlook of approximately 1%, or $2.76 billion. Weve simplified the payroll experience to ensure your people are paid efficiently, accurately and on time. Since my husband has also been a customer of State Farm Insurance (auto & housing) for more than 40 years, he just might escalate the concerns and problems encountered with Alight to the appropriate VPs in State Farm HQ offices, who will want to know how things really are like for their upcoming retirees and this buggy app "Alight Solutions" can't manage to provide real solutions!?! 1-866-599-4647 Mon. Great benefits, Good pay, time off, sick time, employee rewards. CT Engage@Nissan Nissan LiveWell Benefits Center Nissan Employee Benefits Advocacy Services Support for questions about your benefit elections or accessing LiveWellAtNissan.com 1-833-4LIVEWELL This compares to the previous full-year 2021 adjusted EBITDA growth outlook of approximately 6%, or $600 million. Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth, and wellbeing decisions for 36 million people and dependents. The increase was primarily driven by a 19.2% increase of recurring revenues to $31 million as a result of increases in net commercial activity, partially offset by a 3.2% decrease in project revenues to $61 million from the prior year period.
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