New Look Chooses Dayforce to Transform HR and Payroll
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Insights
The decision by New Look to integrate Dayforce's HCM platform represents a strategic investment in technology to enhance operational efficiency and employee satisfaction. This move is indicative of broader trends in the retail industry where companies are seeking to leverage technology to gain a competitive edge. The implementation across 400 stores signifies a substantial scale that could lead to notable improvements in workforce optimization and regulatory compliance.
From a market perspective, such a partnership could signal to investors Dayforce's growing penetration in the EMEA market, potentially impacting its market share and investor confidence. For New Look, the ability to provide on-demand pay may increase its appeal as an employer, potentially reducing turnover rates and associated costs. The collaboration with Accenture for implementation suggests a commitment to ensuring a smooth transition, possibly mitigating risks associated with adopting new technologies.
Financially, the adoption of Dayforce's platform by New Look could have several implications. Initially, there may be significant capital outlays for software integration and training. However, the streamlining of HR and payroll processes can lead to cost savings in the long term. Real-time payroll calculations and analytics provided by the platform could enhance New Look's financial planning and decision-making capabilities.
For Dayforce, Inc., the expansion into New Look's operations could improve revenue streams and strengthen its financial position. Investors should monitor the company's quarterly financial reports post-implementation for evidence of return on investment through increased sales or reduced operating expenses.
The integration of a cloud-based HCM platform like Dayforce can profoundly impact HR operations. It offers a unified system for managing diverse workforce needs, potentially increasing productivity and employee engagement. The mobile-first approach aligns with the increasing demand for flexible, accessible work tools, likely resonating with the modern workforce's expectations.
For New Look, the ability to manage full-time, part-time and seasonal workers through a single platform could standardize HR practices and improve data accuracy. Furthermore, the on-demand pay feature reflects an evolving employee compensation landscape, where immediate access to earned wages is becoming more prevalent.
Leading fashion retailer to implement Dayforce platform across 400 stores in the United Kingdom and Republic of Ireland
MINNEAPOLIS and LONDON, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced that New Look, a leading affordable fashion omnichannel retailer in the United Kingdom and the Republic of Ireland, has chosen Dayforce to help provide a modern employee experience, optimise its workforce, and unify its HR and payroll processes in a single cloud HCM platform.
With more than 8,500 employees, plus additional seasonal workers during busy holiday periods, New Look was searching for a comprehensive solution to unify the employee experience across brick-and-mortar stores, ecommerce, and fulfilment. The retailer also wanted to provide the mobile-first, self-serve experience its team craves.
With Dayforce, New Look will better optimise its labour force and support future growth, streamline scheduling and workforce management, and help maintain compliance in an evolving regulatory environment - all in one system. The addition of on-demand pay with Dayforce Wallet in the UK will help New Look differentiate itself as an employer of choice in a competitive labour market.
“Real-time calculations made possible by Dayforce will revolutionise how we do payroll and provide valuable data and analytics to help us manage a complex workforce of full-time, part-time, and seasonal workers across hundreds of retail stores and warehouse facilities,” said Lisa Nash, Head of People Services, New Look. “We wanted to create a great colleague experience. With Dayforce we will provide a modern, seamless, flexible HR and pay system that not only meets our needs today, but also in the years ahead.”
“Managing the growing complexity of today’s workforce requires modern solutions and insights backed by data. Dayforce is perfectly positioned to help retailers like New Look drive labour efficiencies and provide a seamless, modern experience to frontline workers,” said Steve Holdridge, President, Dayforce, Inc. “New Look’s selection of Dayforce highlights the momentum we have in the EMEA region with companies of all sizes and across industries, and we’re thrilled to partner with them in this transformation to help future-proof their HR function across payroll and workforce management.”
To help ensure the successful delivery of the project, New Look is partnering with Accenture to implement the Dayforce platform across its operations.
To learn more about Dayforce’s modern cloud HCM software, please visit dayforce.com/UK.
About Dayforce
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, payroll, talent, workforce management, and benefits equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable value for organizations of all sizes and industries, visit dayforce.com.
Media Contact
Nick de Pass
1-226-972-5962
nick.depass@dayforce.com
FAQ
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