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Heres ourprivacy policy. 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. I have tried to reinstall this several times, you cannot see the left side toolbar menu once you get into the reimbursement category. 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. A simple, seamless, integrated and connected employee experience. It consistently does not recognize my username. 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. Overall Benefits and Compensations. 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. The questions in the surveys mirrored each other. 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. The developer provided this information and may update it over time. 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. 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. Nothing seems to work the way it's supposed to. 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. 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. 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. Glassdoor is your resource for information about Alight Solutions benefits and perks. Guide your people to the right care from the start, saving money and improving healthcare outcomes. Welcome to your online benefits portal. Its a struggle to make smart health benefit decisions alone. The Benefits Center is powered by Alight Solutions. The developer, Alight Solutions, LLC, indicated that the apps privacy practices may include handling of data as described below. Alight Investor Relations 107 0 obj <> endobj L|b PuHBx;G|/s(,h9L,p-]Lr@0X3Lra4%>Z@VPa: Access your employer benefits health, retirement and payroll details anytime, anywhere. Learn how Alight unlocks growth for organizations of all sizes at alight.com. Proceeds from the business combination and the related PIPE transaction were used to repay certain existing borrowings of the Company. When your benefits strategy delivers a positive experience to your people, thats when youll see a return. ABN AMRO Bank is the third-largest bank in the Netherlands. Once logged in, you can access your personal benefits information wherever and whenever needed. All rights reserved. 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. Their employees may join in a wide selection of benefit programs as soon as they become eligible. 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. - Fri., 7a.m. Please use our support tool to find your HR website and your company's service center contact information. Research by Alight analyses employee perceptions of workplace benefits offered by employers across Europe. This global commodity company was using local banks to manage payroll payments to their employees which were unreliable, expensive and operationally burdensome. Which is why I removed the bulk of my 401k to a self-directed IRA back when my company made the shift; depends upon whether your company allows for that or not, I guess.But the app does what it says on the tin. 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. The Era of the Employee is here | Alight, Media Contact If you have any difficulty navigating or using this site, call theBetter You Benefits Center. Ive seen the negative reviews. At Alight Solutions, we promise to treat your data with respect and will not share your information with any third party. On . Enter your company's name. 3 plans , 2 High Deductible plan and 1 PPO - the harder you work the more you might get paid. investor.relations@alight.com, Media: Alight Solutions is an Information technology and consulting company based in Lincolnshire, . For your people to better enroll and engage in their benefits,they need support. 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. 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. 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. At the very least you need to fix the internal toolbar. One surveyed 1,400 employees and the second surveyed 420 employers, and both were conducted across 6 countries the U.K., France, Spain, Italy, Germany, and the Netherlands between June and September 2022. HDHP or PPO available.. As a result it needs to operate as efficiently as possible. 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. At the heart of it all is you a Better You. 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 BPaaS products and services span across both the Employer Solutions and Professional Services segments of the business. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. As an employer, your top priority is to take care of employees, engaging them in their health and wellbeing, while saving on costs. Certified integrations with your HR platform allow for real-time calculations and an always-on payroll model that improves accuracy. Many people dont understand their health benefits, where to find care and how to handle the complexities of family, dependents and chronic conditions. 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.. Healthcare is very complex and frustrating. A simple, seamless, integrated and connected employee experience. This app may share these data types with third parties, I have never been so frustrated using an app. Alight Solutions Employee Benefits. 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. So we're left in the dark until we can call State Farm retirement services the next day. The PTO is pretty good. 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. Conferences. Enhance your cloud technology and communications with our strategic consultants. Everything health on a single platform. sure, it's nice to have all my insurance info in an app but the formatting is so AWFUL. Designed to help administer your health benefits, cut costs and unlock the wellbeing of your people. 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 With Alight as your partner, you can count on flexible and scalable payroll solutions that modernize, harmonize and simplify your payroll operations. Alight is a registered trademark Alight Solutions LLC. 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. %PDF-1.7 % - Enroll in important benefits. Your response will be removed from the review this cannot be undone. See how our strategic partnerships deliver Visit the Better You Experience our virtual benefits fair to get familiar with the great programs and services available through Better You. The effective tax rate for the three months ended June 30, 2021 was approximately (34)% and was primarily driven by foreign and state income taxes in jurisdictions where the Company had operations that generated operating income or losses. 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. 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. Health benefits are one of the largest expenses to an organization, while also one of the most complicated. It may not be complete. 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. It's simply blank. 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. Alight 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. Professional Services Gross Profit of $26 million for the three months ended June 30, 2021 was flat with the prior year period. 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. Data privacy and security practices may vary based on your use, region, and age. Alight Total Health Benefits Administration Healthcare Navigation Reimbursement Accounts Alight Well Eligibility & Compliance Everything health on a single platform. FlexJobs is excited to announce its 10th annual Top 100 Companies to Watch for Remote Jobs list! Below youll find an overview of the benefits available to our U.S. colleagues. Log in to discover all the ways we can help you and your family. . 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 Reports Second Quarter 2021 Results, https://www.businesswire.com/news/home/20210812005069/en/, Cost of services, exclusive of depreciation and amortization. The landscape changes rapidly and theres no shortage of solutions outthere. Income tax benefit was $2 million for the three months ended June 30, 2021, as compared to $5 million in the prior year period. ABOUT ALIGHT SOLUTIONS Work and life. 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. You must click the activation link in order to complete your subscription. 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. 470-638-7400 The international airline KLM operates in the fiercely competitive airline industry. Working at Alight Feb 23, 2023 - CCR II in The Woodlands, TX Recommend CEO Approval Business Outlook Pros Lots of training, team support, 3 weeks of PTO plus wellness time off, benefits Cons Difficult to make bonus due to metric system, low pay Be the first to find this review helpful Helpful Share 4.0 Former Employee, more than 3 years Current and former employees report that Alight Solutions provides the following benefits. Enter your company's name. Learn more about how we can help your business. Alight allows employees to enrich their health, wealth and work while enabling global organizations to achieve a high-performance culture. But are any helping you navigate, utilize and ultimately save on your investment? Their employees may join in a wide selection of benefit programs as soon as they become eligible. The app does not have a back to Home button on any page: when you go down a section for perhaps 8 screens, you have to click your way all the way back through all the screens you just navigated - how frustrating given the amount of branches in this app. 3.1. Wondering how we use your information? Which benefits does Alight Solutions provide? Conferences. 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. Alights Managed Payroll Services combines deep payroll expertise, decades of experience and innovative technology to deliver accurate and compliant payroll administration.

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