Ceridian Extends Dayforce with Innovations Designed for Today’s Workforce

Rhea-AI Summary

Ceridian (NYSE: CDAY) announced new features for its Dayforce platform at the Ceridian INSIGHTS conference, aimed at enhancing employee experiences and organizational efficiency.

Key innovations include an Experience Hub for personalized employee content, Mobile Benefits Enrollment, and a Skills Engine for improved skills management. These features promote agility and compliance while addressing challenges in labor management.

These enhancements are set to launch in 2023, positioning Ceridian favorably in the competitive human capital management market.

Positive

• Introduction of the Experience Hub for personalized employee experience.
• Mobile Benefits Enrollment feature enhances employee accessibility to benefits.
• Dayforce Skills Engine improves skills management and employee upskilling.
• Agile Organization Management facilitates organizational changes effectively.
• Compliance Center provides real-time compliance updates, aiding in regulatory adherence.

Negative

• None.

Powered by a single system, experience, and data source, Dayforce delivers quantifiable value to organizations around the world

TORONTO and MINNEAPOLIS, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced at Ceridian INSIGHTS, the company’s global customer conference, a series of new Dayforce features designed to help customers lead and succeed in the new world of work.

“Today’s modern workforce requires agility, continuity, and adaptability at scale,” said Joe Korngiebel, Chief Product and Technology Officer, Ceridian. “With people at the heart of our innovation, our mission is to create a holistic people platform that is continuous, data-driven, and global. These new Dayforce features reflect our commitment to delivering a best-in-class experience for our customers and their people.”

Personalized employee experiences

According to Ceridian’s Pulse of Talent Report, nearly every employee (90% of those surveyed) has felt stuck in their role over the past year. The research shows this can be alleviated through personalized growth plans and training, with 52% of surveyed employees reporting they would stay with a current employer if given these opportunities.

These new enhancements to Dayforce will create a more holistic experience catered to each employee’s career journey and benefits needs.

• Experience Hub: Drives productivity by giving employees personalized content, timely communications, and quick access to commonly-used features.
  
• Mobile Benefits Enrollment: Provides employees with a fully mobile-enabled experience for evaluating, selecting, and managing their benefits at their fingertips.
  
• Dayforce Guides: Allows HR admins to build step-by-step recommendations that can be targeted through the Experience Hub to people during important moments of transition.

HCM powered by automation and intelligence

Organizations rely on data to make smart decisions, but the data is frequently stored across multiple disconnected systems, making it difficult to access. Built on the foundation of a complete, single platform, these new features will deliver a holistic view of skills data to employers.

• Dayforce Skills Engine: Uses an open standards-based and data-driven approach to skills management and serves as the backbone of the modern Dayforce Talent Intelligence products.
• Integration Studio: Fosters the design and execution of integrations and automation of business processes that occur between Dayforce and external systems, allowing customers, software partners, and vendors to easily build and manage their own integrations through pre-built connectors and drag-and-drop integration creation.
• Career Explorer: Allows employees to browse new job roles and opportunities within their organization, identify their next career step, and explore upskilling within their existing role. It leverages machine learning within the Dayforce Skills Engine to recommend opportunities based on an individual's interests and skills.
  

Solutions to empower dynamic teams

In a world of perpetual change, including evolving labor and wage laws, the pressure to remain efficient and cost-effective is more challenging than ever. Ceridian is helping organizations set their teams up for success today and for the future with innovations that empower, inform, and inspire.

• Compliance Center: Delivers real-time, personalized compliance information as a service. Personalized feeds will provide legislative activity and monitor legal landscapes that may impact global workforce planning and operations for customers.
  
• Agile Organization Management: Helps enable administrators to quickly and easily perform complex organizational changes like re-organizations, acquisitions, and project-based workforce movement visually within an organization chart.
  
• Extended Workforce Management: Provides a more complete view of the entire workforce, from full-time employees to contingent workers, to help organizations make more informed and strategic business decisions.
  
• Ideal Talent Marketplace: Leverages Ceridian’s innovation leadership in workforce management, talent intelligence, and on-demand pay to deliver speed and flexibility in staffing for both organizations and workers.

Availability: Dayforce innovations outlined in this press release are expected to be available in 2023.

Follow real-time updates from Ceridian INSIGHTS on LinkedIn and Twitter using #CeridianINSIGHTS.

About Ceridian

Ceridian. Makes Work Life Better™.

Ceridian HCM Holding Inc. is a global human capital management software company. Dayforce, its flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. The Dayforce platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Visit Ceridian.com or follow us @Ceridian.

Forward-Looking Statement
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, and our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to the future and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

This press release should be read in conjunction with the risks detailed in the “Cautionary Note Regarding Forward-Looking Information,” “Forward-Looking Statement,” “Risk Factors” and other sections of Ceridian’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and other filings with the Securities and Exchange Commission.

Media Contact:
Hyeri Kim
Hyeri.Kim@Ceridian.com
347-572-9564

FAQ

What new features did Ceridian announce for Dayforce on November 9, 2022?

Ceridian announced several new features for Dayforce, including the Experience Hub, Mobile Benefits Enrollment, and the Skills Engine.

How do the new Dayforce features enhance employee experience?

The new features provide personalized content, easy mobile access to benefits, and tools for career development.

When will the new features for Dayforce be available?

The new features are expected to be available in 2023.

How does the Dayforce Skills Engine benefit organizations?

It allows for better skills management and helps employees find upskilling opportunities within the organization.

What is the significance of the Compliance Center feature in Dayforce?

The Compliance Center provides real-time updates on compliance information, helping organizations stay informed about legal requirements.