For more information, please visit www.alight.com. The decrease of $7 million was due to transitions from the Hosted Business to cloud-based services and the wind down of this segment. 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. See how our strategic partnerships deliver 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. 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. With Alight as your partner, you can count on flexible and scalable payroll solutions that modernize, harmonize and simplify your payroll operations. Its a struggle to make smart health benefit decisions alone. Learn how Alight helps organizations of all sizes, including over 70% of the Fortune 100. Research by Alight analyses employee perceptions of workplace benefits offered by employers across Europe. 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. Alight was formed in May 2017 after the acquisition of the benefits outsourcing department of Aon Hewitt by private equity funds affiliated with . 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 . Subject to terms, conditions and availability. E-Suite: Executive leadership publication, Sorry, no results were found for your search, Creating a unified and standardized approach to payroll. 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. See our FAQs for answers to common questions. Pros. Enter your company's name. 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. This global commodity company was using local banks to manage payroll payments to their employees which were unreliable, expensive and operationally burdensome. As a result, and in conjunction with the business combination, the Company reduced its total debt by more than 40% to $2,351 million. KLM: The choice of SAP to ensure standarization, continuity and flexibility, The 10 most common payroll process errors and how to avoid them. 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. The Company and Foley Trasimene Acquisition Corp. (FTAC), a publicly traded special purpose acquisition company, successfully completed their business combination on July 2, 2021. 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. benefits, logging in to Engage@ Nissan or Workday, locating policies and payroll, or locating the correct contact. A simple, seamless, integrated and connected employee experience. Alight Total Health Benefits Administration Healthcare Navigation Reimbursement Accounts Alight Well Eligibility & Compliance Everything health on a single platform. 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. My husband, who's the money brains in our marriage (I'm an artist, prize winning published author, love event planning, PR, communications, and publishing glossy magazines for the likes of Realtors Association for the greater Sarasota jurisdiction; same for a regional State Farm office in Maryland), is a retired board certified Financial Advisor practitioner of 25 years, with one of the oldest and largest true financial advisory firms in the USA.He's trying to help me complete the process to retire from State Farm. The replay of the conference call webcast and accompanying presentation materials will be available on the investor relations website for approximately 90 days. 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. Webinars Weve created fully integrated and diverse health solutions designed for today and tomorrow. 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. And, with our Total Rewards, we are certified as a Great Place to Work. 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.. 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. So hard to get ahead. Company should give better plans with reasonable premiums that would help mental well being. Find Your HR Website | Alight Find Your HR Website Home Find Your HR Website Need help with your personal benefits? Interest expense increased 15.1% to $61 million for the three months ended June 30, 2021 as compared to the prior year period. Alight Solutions benefits and perks, including insurance benefits, retirement benefits, and vacation policy. Cut through complexity and map out a clear deployment for your organization. Alight Investor Relations Ensure your people have funds to cover important life expenses, Realize immediate cost savings while minimizing compliance risks. Professional Services Gross Profit of $26 million for the three months ended June 30, 2021 was flat with the prior year period. They may be eligible to the following benefits once they are qualified: Medical; Dental Vision The increase was primarily due to incremental interest associated with the additional unsecured and secured senior notes issued in the second half of 2020. Access your employer benefits health, retirement and payroll details anytime, anywhere. absolute trash. We are proud to be shaping the future of work and life for organizations, people and their families. Hosted Business Gross Profit and Adjusted EBITDA was immaterial for the three months ended June 30, 2021. hbbd```b``d"^e" "yy^I50i The high deductible plans are terrible. Your response will be removed from the review this cannot be undone. 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. "Organisations need to take a proactive approach to workplace benefits to bridge the gap between employers and employees. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. Their employees may join in a wide selection of benefit programs as soon as they become eligible. 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 . 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. 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. Nothing is more important to us than our people. Once logged in, you can access your personal benefits information wherever and whenever needed. Whether youre booking a weekend getaway or buying a laptop, Perks at Work has negotiated with thousands of merchants to offer value and a pricing advantage as part of a private network. Discover what it means to be a Better You at EY. The landscape changes rapidly and theres no shortage of solutions outthere. Alights Managed Payroll Services combines deep payroll expertise, decades of experience and innovative technology to deliver accurate and compliant payroll administration. Cloud-based solutions that use analytics and AI to put your data to work. They may be eligible to the following benefits once they are qualified: Health Insurance. 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. Great benefits, Good pay, time off, sick time, employee rewards. Simply scan the QR code at the top of the page, or visit benefits.unburritable.net to learn all about these items and more, include Verizon and AT&T discounts, These statements include, but are not limited to, statements related to the expectations regarding the performance of Alights business, financial results, liquidity and capital resources and other non-historical statements, including the statements in the Business Outlook section of this press release. Their employees may join in a wide selection of benefit programs as soon as they become eligible. Privacy Policy - Cookie Notice - Terms of Use - Cookie Notice - Terms of Use @\ bpm$?`20R?g 7 Privacy Policy - Cookie Notice - Terms of Use - Cookie Notice - Terms of Use Ease administrative burden and boost workforce wellbeing during enrollment and throughout the year. We're ready to change that! Guide your people to the right care from the start, saving money and improving healthcare outcomes. 163 0 obj <>stream We have the experience, technology and solutions to guarantee return onyourspend. Once logged in, you can access your personal benefits information wherever and whenever needed. 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 Require additional assistance with your personal benefits? Quick Summary of Benefits: As of 2019, they have a record of over 100,000 employees in their organization. We know SaaS platforms inside and out. 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. best in class, full-service solutions. With Alights Wellbeing Marketplace, employers can now provide their employees with access to 150+ services and experiences in over 50 countries that are aligned to employees unique life stages and personal needs, including services supporting: Our data shows1 that most employees would believe their employer was offering benefits in their best interest if they were to provide customized benefits with greater choice, said Alison Borland, executive vice president, wealth and wellbeing solutions at Alight. 401k match first 6%, which I felt was fair. If you experience any issues with this process, please contact us for further assistance. Access your employer benefits health, retirement and payroll details anytime, anywhere. The following data may be collected and linked to your identity: The following data may be collected but it is not linked to your identity: Privacy practices may vary, for example, based on the features you use or your age. Mariana Fischbach I have tried to reinstall this several times, you cannot see the left side toolbar menu once you get into the reimbursement category. Alight Solutions is proud to be named to the Top 100 Companies for Remote Jobs by @FlexJobs! investor.relations@alight.com, Media: Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips. For over a decade, FlexJobs has tracked and analyzed remote job postings to help connect job seekers with remote career opportunities. Premiums are based off your pay range. Financial wellbeing is a rising topic of importance for employees. The benefits and time off are added bonuses. Standardizing and harmonizing processes while also leveraging powerful technology helps to identify and correct costly payroll errors, minimizing payroll leakage. Safety starts with understanding how developers collect and share your data. Alight is a good place to work. Overall Benefits and Compensations. Health insurance is either BCBSIL or Kaiser depending on where you are located. . 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. Eliminate the complexity of managing multi-country payroll by leveraging a unified payroll experience for your global workforce. Benefits information above is provided anonymously by current and former Alight Solutions employees, and may include a summary provided by the employer. 470-638-7400 endstream endobj 108 0 obj <>>> endobj 109 0 obj <> endobj 110 0 obj <>/Font<>/XObject<>>>/Rotate 0/Tabs/W/TrimBox[0 0 612 792]/Type/Page>> endobj 111 0 obj <>stream 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. 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. 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. Enhance your cloud technology and communications with our strategic consultants. Health care is comparable to other companies. Quick Summary of Benefits: As of 2020, they have a record of 70,000 employees in their organization. ABOUT ALIGHT SOLUTIONS Work and life. After submitting your request, you will receive an activation email to the requested email address. Investors and analysts can participate on the conference call by dialing 1-877-407-0792 or 1-201-689-8263. On . The Wellbeing Marketplace is part of Alights comprehensive suite of wellbeing solutions designed to help employers create an ecosystem of holistic wellbeing for employees with key offerings such as: 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. Enter your company's name. When our people thrive, we thrive. Search below to find your company's HR website. 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. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The Hosted Business provides on-premise management of hosted human capital management platforms, including Oracle. Their employees may join in a wide selection of benefit programs as soon as they become eligible. Almost half (45%) of employees also believe that individual advice sessions based on personal needs is another method that could improve benefit communications. 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. Targeted solutions for employees mind, body, wallet and life needs. 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. Alights payment and treasury service streamlines payroll processes, controls cost and reduces the burden of global bank transaction management. compensation and recognition programs, time off and flexibility, and learning and development programs. Our Alight Worklife platform combines data and analytics with a simple, seamless user experience. Proceeds from the business combination and the related PIPE transaction were used to repay certain existing borrowings of the Company. mariana.fischbach@alight.com, Alight Investor Relations