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3.1. Quick Summary of Benefits: As of 2017, they have a record of 50,000 employees in their organization. So we're left in the dark until we can call State Farm retirement services the next day. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Alight Investor Relations When our people thrive, we thrive. At Alight Solutions, we promise to treat your data with respect and will not share your information with any third party. https://leplb0790.upoint.alight.com/base-portal-32-theme/css : 3.2 Theme. Welcome to your online benefits portal. BPaaS products and services span across both the Employer Solutions and Professional Services segments of the business. Reconciliations of the historical non-GAAP financial measures used in this press release are included in the attached tables. 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. Benefits information above is provided anonymously by current and former Alight Solutions employees, and may include a summary provided by the employer. Adjusted EBITDA, which is defined as earnings before interest, taxes, depreciation and intangible amortization adjusted for the impact of certain non-cash and other items that we do not consider in the evaluation of ongoing operational performance, is a non-GAAP financial measure used by management and our stakeholders to provide useful supplemental information that enables a better comparison of our performance across periods. Alight Solutions is an Information technology and consulting company based in Lincolnshire, . Your response will be removed from the review this cannot be undone. Cons. best in class, full-service solutions. 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. For more information, see the developers privacy policy. mackenzie.lucas@alight.com, Alight Investor Relations 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. 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. As a result, we're an employer of choice. 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 . - Fri., 7a.m. Learn how Alight unlocks growth for organizations of all sizes at alight.com. 2 HDHP plans w/crazy high OOP limits and 1 PPO option: $150+ deducted per check. Standardizing and harmonizing processes while also leveraging powerful technology helps to identify and correct costly payroll errors, minimizing payroll leakage. 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. Password. Its a struggle to make smart health benefit decisions alone. 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. Alights 15,000 dedicated colleagues serve more than 30 million employees and family members. If you experience any issues with this process, please contact us for further assistance. Other comprehensive income (loss), net of tax: Total other comprehensive income (loss), net of tax: Members' equity (123,700 and 123,700 A units, 1,817 and 1,800 A-1 units and 2,088 and 1,736 B units issued and outstanding, in each case, as of June 30, 2021 and December 31, 2020, respectively). Our value-led approach powered by advanced health technology allows employees to make clearer choices, putting you at ease. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. these two issues make the app essentially useless.. thus, trash. You'll learn about EY and Better You as if you were at an in-person event! 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. Weve simplified the payroll experience to ensure your people are paid efficiently, accurately and on time. Learn how Alight unlocks growth for organizations of all sizes at alight.com. The revenue growth discussed above was offset by increases in costs associated with growth of current and future revenues. 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. We bring an industry leader's expertise and a true partner's commitment to our benefits and administration solutions around health, wealth, HR, finance and consumer experience. Overall Benefits and Compensations. Guide your people to the right care from the start, saving money and improving healthcare outcomes. 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 . Alight mobile app is available for any employee and benefit participants of companies that partner with Alight Solutions to administer their HR and benefit programs. This global commodity company was using local banks to manage payroll payments to their employees which were unreliable, expensive and operationally burdensome. You can also change your contact, bank account, and beneficiary information all in one place! Reported anonymously by Alight Solutions employees. 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 Alight Reports Second Quarter 2021 Results, https://www.businesswire.com/news/home/20210812005069/en/, Cost of services, exclusive of depreciation and amortization. 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). 470-638-7400 In addition, the Companys updated full-year adjusted EBITDA outlook now. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. 2023 Alight Solutions. So hard to get ahead. Webinars Learn about Alight Solutions , including insurance benefits, retirement benefits, and vacation policy. Pay people accurately and on-time and stay compliant with Payroll solutions. 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. Whether youre managing payroll in a single country or multiple countries, you need a payroll experience that delivers process automation, real-time calculations and insights that drive outcomes. The high deductible plans are terrible. 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 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. We have the experience, technology and solutions to guarantee return onyourspend. View source version on businesswire.com: 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. At the heart of it all is you a Better You. Wondering how we use your information? - Enroll in important benefits. By providing your email address below, you are providing consent to Alight Solutions to send you the requested Investor Email Alert updates. By logging on, you are agreeing to the Terms of Service, Privacy Statement, and Cookie Notice. However, far as I can tell the app is about the same speed as the web site and pretty much displays the same information. It may not be complete. Conferences. The increase was primarily due to incremental interest associated with the additional unsecured and secured senior notes issued in the second half of 2020. Please use our support tool to find your HR website and your company's service center contact information. The Era of the Employee is here | Alight, Media Contact 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. 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 investor.relations@alight.com, Media: HDHP or PPO available.. Targeted solutions for employees mind, body, wallet and life needs. Alight Total Health Benefits Administration Healthcare Navigation Reimbursement Accounts Alight Well Eligibility & Compliance Everything health on a single platform. You can sign up for additional alert options at any time. 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. Double-Digit Growth in Total Bookings and BPaaS Revenue 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. Investors and analysts can participate on the conference call by dialing 1-877-407-0792 or 1-201-689-8263. 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 $61 million from the prior year period. With personalized, data-driven health, wealth, pay and wellbeing insights, Alight brings people the security of better outcomes and peace of mind throughout lifes big moments and most important decisions. We are proud to be shaping the future of work and life for organizations, people and their families. As a result it needs to operate as efficiently as possible. & DrelJ`$V"u 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. Our flexible working environment empowers our teams to find balance so that they can fully engage at the office and in life. Robust solutions to help your people grab hold of their financial future. Please use our support tool to find your HR website and your company's service center contact information. Alight Solutions is committed to the health and wellbeing of all colleagues. 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. Continue to push apps out for well being. Alight was formed in May 2017 after the acquisition of the benefits outsourcing department of Aon Hewitt by private equity funds affiliated with . 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. 2023 Alight Solutions. "Organisations need to take a proactive approach to workplace benefits to bridge the gap between employers and employees. On . 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. Privacy Policy - Cookie Notice - Terms of Use - Cookie Notice - Terms of Use Contact our support team. Dental Insurance. See our FAQs for answers to common questions. Access your employer benefits health, retirement and payroll details anytime, anywhere. 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. Nothing is more important to us than our people. We'll make sure you're connected to the right person. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Current Client Specialist in Lincolnshire, IL, Illinois, Current Case Coordinator in Chicago, IL, Illinois, Current Project Manager in Raleigh, NC, North Carolina, Current Senior Client Technology Manager in Charlotte, NC, North Carolina, Former Customer Service Representative (CSR) in Dallas-Fort Worth, Texas, Current Workday Project Manager in Kansas City, MO, Missouri, Current Senior Client Manager in Chicago, IL, Illinois, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, Accidental Death & Dismemberment Insurance. 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!?! Investor.relations@alight.com. 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. 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. 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. It's time to make your life easier. 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. Glassdoor is your resource for information about Alight Solutions benefits and perks. Almost half (45%) of employees also believe that individual advice sessions based on personal needs is another method that could improve benefit communications. Discover what it means to be a Better You at EY. sure, it's nice to have all my insurance info in an app but the formatting is so AWFUL. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. benefits, logging in to Engage@ Nissan or Workday, locating policies and payroll, or locating the correct contact. Once logged in, you can access your personal benefits information wherever and whenever needed. 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. Current and former employees report that Alight Solutions provides the following benefits. On August 1, 2019, Employee benefits platform Hodges-Mace was acquired by Alight Solutions. absolute trash. The respondents worked for mid-sized and large companies across multiple industries. %PDF-1.7 % Contact our support team. 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. All rights reserved. 2023 Medical insurance is abysmal. What kind of benefits do Aon employees get? 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. "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 . After submitting your request, you will receive an activation email to the requested email address. Visit the Better You Experience our virtual benefits fair to get familiar with the great programs and services available through Better You. 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. MacKenzie Lucas My State Farm Benefits Resource Center. Nothing seems to work the way it's supposed to. 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 But are any helping you navigate, utilize and ultimately save on your investment? Giving your workforce greater control over their finances is crucial to attracting and retaining top talent. Healthcare is very complex and frustrating. Income tax benefit was $2 million for the three months ended June 30, 2021, as compared to $5 million in the prior year period. This is my companys new app to help centralize benefits and encourage wellness. If you experience any issues with this process, please contact us for further assistance. Everything health on a single platform. #FJTop100 #remotework #remotejobs #jobs #jobsearch. However it will be costing my company a lot more time for me to manage such. 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. Lower healthcare costs with guaranteed ROI, Single destination for employees health benefit needs, Configured to match annual enrollment strategy, Analytics and tools to help your people make smart decisions across the care spectrum, Omni-channel to meet people where they are, Identify highly-rated, cost-effective providers, Help employees become better consumers of healthcare, In the moment benefit and clinical guidance, Drive sustainable improvement with challenges, journeys and incentives, Timely, customized communications to sustain engagement, Personalized guidance to help individuals meet their unique wellbeing goals, Prevent loss and uncover massive cost savings, Easy form processing on cloud-based platform. We understand the powerful human connections that create success for your organization. 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. Vision Insurance. 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. 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. Their employees may join in a wide selection of benefit programs as soon as they become eligible. Below youll find an overview of the benefits available to our U.S. colleagues. 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 Decent pay, good benefits and they have great employee incentive programs. endstream endobj startxref 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 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. Alight Solutions is proud to be named to the Top 100 Companies for Remote Jobs by @FlexJobs! 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. Proceeds from the business combination and the related PIPE transaction were used to repay certain existing borrowings of the Company. %%EOF See our FAQs for answers to common questions. 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. At the very least you need to fix the internal toolbar.