Dayforce Inc. - CDAY STOCK NEWS

Ceridian (NYSE: CDAY) has been recognized as one of the 2023 Best Places to Work in IT by Foundry’s Computerworld. This accolade reflects Ceridian's commitment to creating a supportive work environment for IT professionals. Key initiatives contributing to this recognition include a strong Diversity, Equity, and Inclusion (DEI) agenda, expanded opportunities for employee growth, a comprehensive parental leave policy, and wellness days for employees. The CIO emphasized that attracting top IT talent is crucial for meeting evolving business needs.

Ceridian has released a study indicating that 82% of employed North Americans spend work hours contemplating personal finances, resulting in an estimated US$664B productivity loss. The research shows that 61% of respondents feel increased financial stress compared to a year ago, the highest level since 2008. Key findings include that 54% of workers accessed emergency savings in 2022 and 81% intend to reduce discretionary spending. Dayforce Wallet, a financial wellness tool, has been adopted by over 1,300 employers to aid employees in managing cash flow.

Ceridian (NYSE: CDAY) launched the Ideal Talent Marketplace at the global customer conference INSIGHTS, addressing staffing shortages and increasing workforce flexibility. This innovative platform connects organizations with vetted workers for on-demand hourly shifts. Powered by the Dayforce Skills Engine, it allows employers to quickly fill scheduling gaps and helps workers find jobs that match their skills and preferences. The Ideal Talent Marketplace will be available for charter customers and workers in 2023.

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.

Ceridian (NYSE: CDAY) has launched Dayforce Wallet in the UK, providing employees with on-demand access to their earned wages. This initiative addresses the growing financial difficulties faced by UK workers, as 53% of employees report that managing finances has become harder in the past year. The service allows employees to access wages without fees, enhancing financial control. More than 1,340 employers in North America have already implemented this solution, resulting in quicker hiring times and reduced employee attrition rates. The launch aims to improve employee financial wellness and attract talent.

Ceridian (NYSE: CDAY) released its 2023 Pulse of Talent report, highlighting that 90% of employees felt stuck in their roles last year, with 33% feeling that way often or always. The report suggests that employers can enhance retention by offering clear career paths, with 84% of respondents indicating that a defined path boosts their commitment. The survey, which included 8,833 workers, reveals that only 52% of employees are committed to staying with their company for three to five years, and prioritizes flexibility and work-life balance over compensation.

Ceridian HCM Holding (CDAY) reported strong Q3 financial results, with total revenue reaching $315.6 million, a 22.7% year-over-year increase. Dayforce recurring revenue rose by 29.6%, and Cloud revenue grew by 26.1%. The adjusted EBITDA increased significantly to $63.5 million. The company raised its revenue guidance for the full year, despite challenges from foreign exchange fluctuations. Customer growth continues with 5,848 clients now on the Dayforce platform, reflecting a commitment to enhancing human capital management technology.

Ceridian (NYSE: CDAY) has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Cloud HCM Suites for enterprises with over 1,000 employees, marking its third consecutive year in this position. This recognition highlights Ceridian's Ability to Execute and Completeness of Vision. The company's flagship platform, Dayforce, serves over 5,700 clients globally, providing a comprehensive solution for human capital management, including payroll and workforce management. Ceridian will also host its Ceridian INSIGHTS annual event from November 7-10, 2022.

Ceridian (NYSE: CDAY) announced its annual customer conference, INSIGHTS 2022, scheduled from November 7-10 at the Wynn Las Vegas. The event will feature keynotes from industry leaders, including Venus Williams and Cynt Marshall, aimed at empowering attendees in the evolving work landscape. Ceridian executives will showcase innovations from its Dayforce platform, designed to enhance workforce management. The conference aims to share insights from over 40 customer speakers, highlighting advancements in HR operations and compliance support.