We'll make sure you're connected to the right person. Hosted Business Gross Profit and Adjusted EBITDA was immaterial for the three months ended June 30, 2021. Our value-led approach powered by advanced health technology allows employees to make clearer choices, putting you at ease. Learn about Alight Solutions , including insurance benefits, retirement benefits, and vacation policy. Financial wellbeing is a rising topic of importance for employees. Alight Solutions is an Information technology and consulting company based in Lincolnshire, . Reported anonymously by Alight Solutions employees. The result is an app that takes a lot of time to use and fails to track anything about your health - it also seems the $s my company is providing by tracking things in this app is a con and not achievable. All rights reserved. I may end up using it for data information to be plugged into Quicken, well see.As far as Alight being the usual bunch of Wall Street money grubbers trying to manage or snarf your hard earned 401k money with non-public, non-reported, mutual funds with difficult to determine costs, got no argument with that. Password. Our Alight. As a result it needs to operate as efficiently as possible. At Alight Solutions, we promise to treat your data with respect and will not share your information with any third party. This means everything in the company needs to be optimized including its HR function. Double-Digit Growth in Total Bookings and BPaaS Revenue In connection with the completion of our business combination transaction with FTAC on July 2, 2021, we undertook certain reorganization transactions so that substantially all of our assets and business are held by Alight Holdings, of which Alight, Inc. is the managing member. After submitting your request, you will receive an activation email to the requested email address. Designed to help administer your health benefits, cut costs and unlock the wellbeing of your people. Alight Solutions Employee Benefits. 470-638-7400 Leveraging innovative technology, flexible managed payroll services and expertise in 188 countries and 25 languages, we deliver a payroll experience that puts your people first. Alights payment and treasury service streamlines payroll processes, controls cost and reduces the burden of global bank transaction management. You can sign up for additional alert options at any time. 1 The replay of the conference call webcast and accompanying presentation materials will be available on the investor relations website for approximately 90 days. Given the momentum in the first half of the year along with the planned closing of the Aon Retiree Health Exchange acquisition early in the fourth quarter, the Company is raising its full-year 2021 revenue and adjusted EBITDA outlook as follows: Earnings Conference Call and Webcast Information. 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. On top of this, the banks were also unable to pay in certain currencies meaning employees were having to do their own currency conversions at their own expense. Raising Full-Year Outlook . Ease administrative burden and boost workforce wellbeing during enrollment and throughout the year. We know SaaS platforms inside and out. Employer Solutions Gross Profit increased 19.4% to $191 million, or 33.6% of Employer Solutions revenue, for the three months ended June 30, 2021 from $160 million, or 29.6% of Employer Solutions revenue, for the prior year period. Innovation and understanding. Wondering how we use your information? investor.relations@alight.com, Media: Interest expense increased 15.1% to $61 million for the three months ended June 30, 2021 as compared to the prior year period. Learn how Alight unlocks growth for organizations of all sizes at alight.com. Research by Alight analyses employee perceptions of workplace benefits offered by employers across Europe. 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. You must click the activation link in order to complete your subscription. Contact our support team. best in class, full-service solutions. Company should give better plans with reasonable premiums that would help mental well being. Investor.relations@alight.com. Please use our support tool to find your HR website and your company's service center contact information. Standardizing and harmonizing processes while also leveraging powerful technology helps to identify and correct costly payroll errors, minimizing payroll leakage. In addition to the compensation and recognition programs, time off and flexibility, and learning and development programs available to you through the EY Total Rewards program, Better You offers access to dozens of carefully curated resources. By logging on, you are agreeing to the Terms of Service, Privacy Statement, and Cookie Notice. When your benefits strategy delivers a positive experience to your people, thats when youll see a return. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in Alights filings with the SEC. I have tried to reinstall this several times, you cannot see the left side toolbar menu once you get into the reimbursement category. Visit the booths in the Exhibit Hall, watch presentations in the Auditorium and find helpful information in the Resources Room. In some cases, these forward-looking statements can be identified by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "could," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Require additional assistance with your personal benefits? #FJTop100 #remotework #remotejobs #jobs #jobsearch. Weve created fully integrated and diverse health solutions designed for today and tomorrow. This compares to the previous full-year 2021 adjusted EBITDA growth outlook of approximately 6%, or $600 million. A simple, seamless, integrated and connected employee experience. Alight also offers Perks at Work , which is a free employee perks and discount program designed to help you find the perks that matter to you. Overall Benefits and Compensations. 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 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. Income tax benefit was $2 million for the three months ended June 30, 2021, as compared to $5 million in the prior year period. As an employer, your top priority is to take care of employees, engaging them in their health and wellbeing, while saving on costs. - Enroll in important benefits. Reconciliations of the historical non-GAAP financial measures used in this press release are included in the attached tables. https://leplb0790.upoint.alight.com/base-portal-32-theme/css : 3.2 Theme. Hosted Business revenues were $11 million for the three months ended June 30, 2021 as compared to $18 million for the prior year period. absolute trash. Eliminate the complexity of managing multi-country payroll by leveraging a unified payroll experience for your global workforce. KLM: The choice of SAP to ensure standarization, continuity and flexibility, The 10 most common payroll process errors and how to avoid them. Their employees may join in a wide selection of benefit programs as soon as they become eligible. See how our strategic partnerships deliver Engage employees with their health benefits in an impactful way. On . We believe Adjusted EBITDA provides visibility to our underlying operating performance by excluding the impact of certain items, including interest expense, income taxes, depreciation of fixed assets, amortization of intangible assets, share-based compensation, expenses related to restructuring and integration plan, and other adjustments, because management does not believe these expenses are representative of our core earnings. hb``d``( ,@Q [g.d:Rc~8fz~J,10 f7u 30 iI k:#!q 1fV`=e<2AHQmK+fw?F nbeXoQ r* Successful Business Combination, Balance Sheet Highlights and Other Subsequent Events. 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. At the very least you need to fix the internal toolbar. They may be eligible to the following benefits once they are qualified: Health Insurance; Dental Insurance Vision Program Ive seen the negative reviews. Alights 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 Kingdom to understand the differences between employers and employees priorities and needs regarding benefits. Every employee has unique needs, values and interests, and todays workplace is constantly changing. 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, Emotional support and daily life resources to help you manage your personal life and build resiliency, Financial support to help you plan for the future, Social impact programs to help you connect to communities and each other. We understand the powerful human connections that create success for your organization. Alight Solutions is committed to the health and wellbeing of all colleagues. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. My State Farm Benefits Resource Center. Selling, general and administrative expenses decreased 6.3% to $105 million, or 15.6% of revenue, for the three months ended June 30, 2021 from $112 million, or 17.3% of revenue, in the prior year period. The Wellbeing Marketplace enables employers to create a comprehensive benefits experience that meet the unique needs of employees and their families. Leveraging proprietary AI and data analytics, Alight optimizes business process as a service (BPaaS) to deliver superior outcomes for employees and employers across a comprehensive portfolio of services. Everything health on a single platform. Access this site to review pension, 401k, medical, life, & HRA benefits you may be eligible for as well as wellness programs like Quit for Life. To learn more about the Workplace Benefits in a Changing World 2023 report, download the 2023 report here. However, far as I can tell the app is about the same speed as the web site and pretty much displays the same information. 470-638-7400 Employers are realizing that their people sit at the heart of their own transformation, and they must accelerate their digital strategies to address the two most important issues for employees, staying healthy and becoming financially secure., Scholl continued: Our results for the first half of 2021 were ahead of plan. The decrease was primarily due to increased investments in the Companys commercial functions. You can also change your contact, bank account, and beneficiary information all in one place! For the three months ended June 30, 2021, total bookings increased 13.9% to $435 million and BPaaS bookings increased 287.1% to $240 million from the prior year period. Webinars In addition, the Companys updated full-year adjusted EBITDA outlook now. If you have any difficulty navigating or using this site, call theBetter You Benefits Center. it runs off the screen with no ability to scroll to the side to fully read everything on the page or even make the page smaller so it all fits on the screen. The PTO is pretty good. Benefits information above is provided anonymously by current and former Alight Solutions employees, and may include a summary provided by the employer. Below youll find an overview of the benefits available to our U.S. colleagues. Proceeds from the business combination and the related PIPE transaction were used to repay certain existing borrowings of the Company. The Wellbeing Marketplace enables employers to create a comprehensive benefits experience that meet the unique needs of employees and their families 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 . 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. Their employees may join in a wide selection of benefit programs as soon as they become eligible. Their employees may join in a wide selection of benefit programs as soon as they become eligible. mariana.fischbach@alight.com, Alight Investor Relations It may not be complete. Use this app to: - Find a doctor or urgent care clinic - Enroll in important benefits - Review your medical plan and spend - Review your 401(k) contribution elections and make changes if needed - Review your pension benefit - See if you are on track for retirement - Access and save a copy of your insurance card - Get help from your personal Health Pro - Explore other benefit resources all in one place - Review your time off balance - Accessing your Wellbeing benefits and step challenges with HealthKit integration Disclaimer: Features available on this app are dependent on your employers benefit plan. 0 Professional Services Gross Profit of $26 million for the three months ended June 30, 2021 was flat with the prior year period. The benefits and time off are added bonuses. The increase was primarily due to incremental interest associated with the additional unsecured and secured senior notes issued in the second half of 2020. In 2020, Alight began measuring revenue growth as it relates to the cloud-based products and solutions that are central to its Alight Worklife platform and next-generation product suite, BPaaS solutions. Alight (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the second quarter ended June 30, 2021. Search below to find your company's HR website. With Alight as your partner, you can count on flexible and scalable payroll solutions that modernize, harmonize and simplify your payroll operations. FlexJobs is excited to announce its 10th annual Top 100 Companies to Watch for Remote Jobs list! 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. endstream endobj startxref So hard to get ahead. As a result, and in conjunction with the business combination, the Company reduced its total debt by more than 40% to $2,351 million. Please use our support tool to find your HR website and your company's service center contact information. Username. Wondering how we use your information? The developer provided this information and may update it over time. 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. The questions in the surveys mirrored each other. The high deductible plans are terrible. 2023 Alight Solutions. The decrease of $7 million was due to transitions from the Hosted Business to cloud-based services and the wind down of this segment. This press release includes certain historical consolidated financial and other data for Alight Holding Company, LLC (formerly known as Tempo Holding Company, LLC) (Alight Holdings) and its subsidiaries. With Alight as your partner, you can count on flexible and scalable payroll solutions that modernize, harmonize and simplify your payroll operations. 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. Address modern workforce needs and create a high-performing culture. Given our momentum coming out of the first half, and the expected acquisition of the Aon Retiree Health Exchange, we are raising our full-year 2021 outlook for both revenue and adjusted EBITDA., Second Quarter 2021 and Subsequent Highlights (all comparisons relative to second quarter 2020). Current and former employees report that Alight Solutions provides the following benefits. We have the experience, technology and solutions to guarantee return onyourspend. Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Health Insurance 3.4 Certified integrations with your HR platform allow for real-time calculations and an always-on payroll model that improves accuracy. Investors and analysts can participate on the conference call by dialing 1-877-407-0792 or 1-201-689-8263. Weve simplified the payroll experience to ensure your people are paid efficiently, accurately and on time. Privacy Policy - Cookie Notice - Terms of Use - Cookie Notice - Terms of Use Nothing seems to work the way it's supposed to. We'll make sure you're connected to the right person. Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips. Professional Services includes project-based cloud deployment and advisory work on human capital and financial platforms such as Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand. please fix for Android users. If you experience any issues with this process, please contact us for further assistance. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mariana Fischbach mackenzie.lucas@alight.com, Alight Investor Relations 401k match first 6%, which I felt was fair. Alight is a registered trademark Alight Solutions LLC. HDHP or PPO available.. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. As of June 30, 2021, the Companys cash and cash equivalents balance was $460 million, total debt was $4,072 million and total debt net of cash and cash equivalents was $3,612 million. Employer Solutions Revenue Increased 5.4% @\ bpm$?`20R?g 7 107 0 obj <> endobj We are delighted to power Alights Wellbeing Marketplace with benefits that support the whole person.. The landscape changes rapidly and theres no shortage of solutions outthere. Many people dont understand their health benefits, where to find care and how to handle the complexities of family, dependents and chronic conditions. It may not be complete. 771 reviews from Alight Solutions employees about Alight Solutions culture, salaries, benefits, work-life balance, management, job security, and more. Data privacy and security practices may vary based on your use, region, and age. This app may share these data types with third parties, I have never been so frustrated using an app. Decent pay, good benefits and they have great employee incentive programs. 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. The transaction is expected to be completed during the fourth quarter of 2021 and remains subject to regulatory approvals and other customary closing conditions. Professional Services Adjusted EBITDA decreased 22.2% to $7 million for the three months ended June 30, 2021, as compared to $9 million for the prior year period. these two issues make the app essentially useless.. thus, trash. !\{F%eM$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-. So we're left in the dark until we can call State Farm retirement services the next day. 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. Access your employer benefits health, retirement and payroll details anytime, anywhere. In addition, Alight also considers bookings, defined as total contract value for customer agreements executed in the period, to be a key indicator of future revenue growth and used as a metric of commercial activity by management and investors. Alights Managed Payroll Services combines deep payroll expertise, decades of experience and innovative technology to deliver accurate and compliant payroll administration. L|b PuHBx;G|/s(,h9L,p-]Lr@0X3Lra4%>Z@VPa: hbbd```b``d"^e" "yy^I50i 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. LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- When our people thrive, we thrive. Alight Solutions is proud to be named to the Top 100 Companies for Remote Jobs by @FlexJobs! LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Our Alight Worklife platform combines data and analytics with a simple, seamless user experience. Keep everything running smoothly once live to realize the value of your cloud. They may be eligible to the following benefits once they are qualified: Health Insurance. E-Suite: Executive leadership publication, Sorry, no results were found for your search. The increase was driven by a 5.4% increase in Employer Solutions revenue and a 3.4% increase in Professional Services revenue, partially offset by a 38.9% decline in Hosted Business revenue. For over a decade, FlexJobs has tracked and analyzed remote job postings to help connect job seekers with remote career opportunities. 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. For over a decade, FlexJobs has tracked and analyzed remote job postings to help connect job seekers with remote career opportunities. I can't log in without the screen timing out. Premiums are based off your pay range. We're ready to change that! However it will be costing my company a lot more time for me to manage such. We know SaaS platforms inside and out. By providing your email address below, you are providing consent to Alight Solutions to send you the requested Investor Email Alert updates. Vision Insurance.
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