Engage employees with their health benefits in an impactful way. 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. Weve simplified the payroll experience to ensure your people are paid efficiently, accurately and on time. 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. please fix for Android users. 470-638-7400 Address modern workforce needs and create a high-performing culture. - Fri., 7a.m. 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. best in class, full-service solutions. 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. So we're left in the dark until we can call State Farm retirement services the next day. The Company and Foley Trasimene Acquisition Corp. (FTAC), a publicly traded special purpose acquisition company, successfully completed their business combination on July 2, 2021. Employee Assistance Program (Live and Work Well), Group Personal Umbrella Liability Insurance. Visit the booths in the Exhibit Hall, watch presentations in the Auditorium and find helpful information in the Resources Room. A simple, seamless, integrated and connected employee experience. Learn how Alight unlocks growth for organizations of all sizes at alight.com. Alight Solutions is committed to the health and wellbeing of all colleagues. A gap in communications and understanding could be one factor influencing the disconnect between employers and employees. Our Alight Worklife platform combines data and analytics with a simple, seamless user experience. Decent pay, good benefits and they have great employee incentive programs. 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. 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. Below youll find an overview of the benefits available to our U.S. colleagues. Employer Solutions Revenue Increased 5.4% 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. 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. The pay could be a little better especially for the work you have to perform. Employer Solutions are driven by Alights digital, software and AI-led capabilities and spans total employee wellbeing and engagement, including integrated benefits administration, healthcare navigation, financial health, employee wellness and payroll. We'll make sure you're connected to the right person. sure, it's nice to have all my insurance info in an app but the formatting is so AWFUL. Personalized assistance for your people throughout enrollment and beyond. In 2014, Alight stopped actively pursuing new clients in the Hosted Business and have since successfully migrated a significant number of its Hosted clients to cloud-based solutions. Log in to discover all the ways we can help you and your family. We know SaaS platforms inside and out. The developer, Alight Solutions, LLC, indicated that the apps privacy practices may include handling of data as described below. The developer provided this information and may update it over time. 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. Standardizing and harmonizing processes while also leveraging powerful technology helps to identify and correct costly payroll errors, minimizing payroll leakage. #FJTop100 #remotework #remotejobs #jobs #jobsearch. The study also found that omnichannel communication solutions, such as those using SMS, apps, shared hubs, as well as automated tools like chatbots, can be an effective way to create more transparency between the employee and employer. Their employees may join in a wide selection of benefit programs as soon as they become eligible. To learn more about the Workplace Benefits in a Changing World 2023 report, download the 2023 report here. See our FAQs for answers to common questions. Every employee has unique needs, values and interests, and todays workplace is constantly changing. For more information, please visit www.alight.com. 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. 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. 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. I can't log in without the screen timing out. endstream endobj startxref Professional Services Gross Profit of $26 million for the three months ended June 30, 2021 was flat with the prior year period. 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. 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. Targeted solutions for employees mind, body, wallet and life needs. By providing your email address below, you are providing consent to Alight Solutions to send you the requested Investor Email Alert updates. As an employer, your top priority is to take care of employees, engaging them in their health and wellbeing, while saving on costs. 135 0 obj <>/Filter/FlateDecode/ID[<97DDE93CE029555897C7F77835CFF8CF>]/Index[107 57]/Info 106 0 R/Length 128/Prev 221031/Root 108 0 R/Size 164/Type/XRef/W[1 3 1]>>stream I don't understand how there's a high rating for this app. 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. Revenue growth to a range of 3%-5%, or $2.81 billion to $2.86 billion, which is expected to be weighted toward the fourth quarter. Interest expense increased 15.1% to $61 million for the three months ended June 30, 2021 as compared to the prior year period. FlexJobs is excited to announce its 10th annual Top 100 Companies to Watch for Remote Jobs list! Wondering how we use your information? By providing your email address below, you are providing consent to Alight Solutions to send you the requested Investor Email Alert updates. 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. 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. See how our strategic partnerships deliver Nothing is more important to us than our people. Designed to help administer your health benefits, cut costs and unlock the wellbeing of your people. ABOUT ALIGHT SOLUTIONS Work and life. A comprehensive solution where data-driven analytics guide your people to make better healthcare decisions and curb overspending. Benefits information above is provided anonymously by current and former Alight Solutions employees, and may include a summary provided by the employer. 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. "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 . 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. 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. Please use our support tool to find your HR website and your company's service center contact information. For over a decade, FlexJobs has tracked and analyzed remote job postings to help connect job seekers with remote career opportunities. Current and former employees report that Alight Solutions provides the following benefits. Investor.relations@alight.com. . Our flexible working environment empowers our teams to find balance so that they can fully engage at the office and in life. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks related to the level of business activity of our clients, risks related to the impact of the COVID-19 pandemic, including as a result of new strains or variants of the virus, competition in our industry, the performance of our information technology systems and networks, our ability to maintain the security and privacy of confidential and proprietary information and changes in regulation. 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. With Alight as your partner, you can count on flexible and scalable payroll solutions that modernize, harmonize and simplify your payroll operations. Wondering how we use your information? Current and former employees report that Alight Solutions provides the following benefits. 771 reviews from Alight Solutions employees about Alight Solutions culture, salaries, benefits, work-life balance, management, job security, and more. They may be eligible to the following benefits once they are qualified: Vision Health Dental Life Insurance Long Term Care Legal Insurance 401 (K) Retirement plan Some of their benefits may also include the following: Paid Holidays Maternity Leave BENEFITS PORTAL - CULTIVATE ME Review your benefits all in one place Your employee portal is the centralized place to see all the most current benefit options available to you. All rights reserved. For over a decade, FlexJobs has tracked and analyzed remote job postings to help connect job seekers with remote career opportunities. MacKenzie Lucas Employee payroll processing can be incredibly complex and, if not well managed, results in an array of errors that can cost employees, and the business, time and money. 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. But are any helping you navigate, utilize and ultimately save on your investment? You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. However it will be costing my company a lot more time for me to manage such. Discover what it means to be a Better You at EY. 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 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. Adjusted EBITDA growth to a range of 8%-10%, or $610 million to $620 million. With personalized, data-driven health, wealth, pay and wellbeing insights, Alight brings people the security of better outcomes and peace of mind throughout lifes big moments and most important decisions. Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips. BPaaS products and services span across both the Employer Solutions and Professional Services segments of the business. 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. If you have any difficulty navigating or using this site, call theBetter You Benefits Center. The increase was driven by a 5.5% increase in recurring revenues to $516 million as a result of net commercial activity and transitions from the Hosted Business to cloud-based services, and a 3.9% increase in project revenues to $53 million from the prior year period. Require additional assistance with your personal benefits? Webinars Additional factors that could cause Alights results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of Alights Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 2, 2021, as such factors may be updated from time to time in Alights filings with the SEC, which are accessible on the SEC's website at www.sec.gov. As a result it needs to operate as efficiently as possible. Alight Total Health Benefits Administration Healthcare Navigation Reimbursement Accounts Alight Well Eligibility & Compliance Everything health on a single platform. Alight Solutions is proud to be named to the Top 100 Companies for Remote Jobs by @FlexJobs! Note: EY Better You is administered on EY's behalf by Alight Solutions, and is subject to Alight's terms and conditions linked to at the bottom of this page. 107 0 obj <> endobj You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. We are pleased to provide a comprehensive Total Rewards package of benefit options. Once logged in, you can access your personal benefits information wherever and whenever needed. Enter your company's name. Once logged in, you can access your personal benefits information wherever and whenever needed. LONDON, March 02, 2023--(BUSINESS WIRE)--According to a report released today from Alight, a leading cloud-based human capital technology and services provider, workplace benefits play an important role in attracting, engaging and retaining talent yet employees do not always see value in their existing benefits, while employers generally overestimate them. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. In addition, the Companys updated full-year adjusted EBITDA outlook now. 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.. Learn about Alight Solutions , including insurance benefits, retirement benefits, and vacation policy. Ease administrative burden and boost workforce wellbeing during enrollment and throughout the year. Alight Solutions Employee Benefits. 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 Require additional assistance with your personal benefits? Financial wellbeing is a rising topic of importance for employees. Your response will be removed from the review this cannot be undone. This app may share these data types with third parties, I have never been so frustrated using an app. Total revenue increased 3.9% to $672 million for the three months ended June 30, 2021 from $647 million for the prior year period. The Hosted Business provides on-premise management of hosted human capital management platforms, including Oracle. Access this site to review pension, 401k, medical, life, & HRA benefits you may be eligible for as well as wellness programs like Quit for Life. It's simply blank. it runs off the screen with no ability to scroll to the side to fully read everything on the page or even make the page smaller so it all fits on the screen. Guide your people to the right care from the start, saving money and improving healthcare outcomes. The revenue growth discussed above was offset by increases in costs associated with growth of current and future revenues. All rights reserved. 2023 Alight Solutions. dX ?&0M3aRi`/_{gg`nMzlr!IzKDbfKm-+U:9:6>`!1Dx9pbcc1}8v4QIXDX NwO P`&R*&T"_sl]De"c!pw,uR}z.#b8:TYqzR7LMz~1=5y:auy: VO{m]1-:OOmdW;l6/o:8O_:=(lU7/wi yRA6)mO^V]KP9NAoN N_;gm5Qf5y7?azuah.saO>()]f[3}6'x]qQ]EW|~P4m5G(^l&t,Uk9_ o{K@=hg7z:$QJvT(^%F8=nAT|).4E pD|Qt2r7eb}Q{_xP;ZSmpW 8jA Z0q R1:yGXxM% }r)pe::+@-f Digital Wallet gives your people the opportunity to get paid 365 days a year and is a low-cost way to enhance your employee benefits package. LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Their employees may join in a wide selection of benefit programs as soon as they become eligible. You'll learn about EY and Better You as if you were at an in-person event! Nothing seems to work the way it's supposed to. They may be eligible to the following benefits once they are qualified: Health Vision Dental Prescription Drug Life Insurance Accident Insurance Flexible Spending Accounts Employee Purchase Program Employee Stock Purchase Plan 401 (k) Company Match Ensure your people have funds to cover important life expenses, Realize immediate cost savings while minimizing compliance risks. benefits, logging in to Engage@ Nissan or Workday, locating policies and payroll, or locating the correct contact. We know SaaS platforms inside and out. mariana.fischbach@alight.com, Alight Investor Relations Quick Summary of Benefits: As of 2019, they have a record of over 100,000 employees in their organization. Access your employer benefits health, retirement and payroll details anytime, anywhere. We have the experience, technology and solutions to guarantee return onyourspend. 401k match first 6%, which I felt was fair. Health care is comparable to other companies. It consistently does not recognize my username. On July 29, 2021, the Company entered into a definitive agreement to acquire the Aon Retiree Health Exchange business from Aon plc. absolute trash. Learn how Payment Services helped this organization to pay in a wider range of currencies, reduce payment charges by 50% and cut payment timelines by 80%. Learn how Alight helps organizations of all sizes, including over 70% of the Fortune 100. You can sign up for additional alert options at any time. 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. 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. https://cache.alight.com/privacy/PrivStat.htm. Many people dont understand their health benefits, where to find care and how to handle the complexities of family, dependents and chronic conditions. 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). When your benefits strategy delivers a positive experience to your people, thats when youll see a return. Reset password? 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. #FJTop100 #remotework #remotejobs #jobs #jobsearch. 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 . Search below to find your company's HR website. it also doesn't always give you the ability to scroll down to see all your insurance info. Available as part of our global payroll solution, it simplifies the process of paying your global workforce, while minimizing unexpected costs along the way. For the three months ended June 30, 2021, BPaaS revenue increased 19.0% to $94 million from the prior year period and represented 14.0% of total revenue. 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. 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
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