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. We bring together people, process and technology all underpinned by the latest innovation to put your people and their financial wellbeing first. You must click the activation link in order to complete your subscription. 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. 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. This press release includes certain historical consolidated financial and other data for Alight Holding Company, LLC (formerly known as Tempo Holding Company, LLC) (Alight Holdings) and its subsidiaries. Enter your company's name. Professional Services Adjusted EBITDA decreased 22.2% to $7 million for the three months ended June 30, 2021, as compared to $9 million for the prior year period. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Alight Solutions Employee Benefits. Data privacy and security practices may vary based on your use, region, and age. On . 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. Reset password? Revenue growth to a range of 3%-5%, or $2.81 billion to $2.86 billion, which is expected to be weighted toward the fourth quarter. 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. Income tax benefit was $2 million for the three months ended June 30, 2021, as compared to $5 million in the prior year period. Welcome to your online benefits portal. Nothing seems to work the way it's supposed to. Employer Solutions Revenue Increased 5.4% Standardizing and harmonizing processes while also leveraging powerful technology helps to identify and correct costly payroll errors, minimizing payroll leakage. The replay of the conference call webcast and accompanying presentation materials will be available on the investor relations website for approximately 90 days. Double-Digit Growth in Total Bookings and BPaaS Revenue 0 hb``d``( ,@Q [g.d:Rc~8fz~J,10 f7u 30 iI k:#!q 1fV`=e<2AHQmK+fw?F nbeXoQ r* The Benefits Center is powered by Alight Solutions. You can also change your contact, bank account, and beneficiary information all in one place! 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. Health care is comparable to other companies. Please use our support tool to find your HR website and your company's service center contact information. Ease administrative burden and boost workforce wellbeing during enrollment and throughout the year. If you experience any issues with this process, please contact us for further assistance. 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. 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. Premiums are based off your pay range. Robust solutions to help your people grab hold of their financial future. Quick Summary of Benefits: As of 2017, they have a record of 50,000 employees in their organization. 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. Log in to discover all the ways we can help you and your family. I may end up using it for data information to be plugged into Quicken, well see.As far as Alight being the usual bunch of Wall Street money grubbers trying to manage or snarf your hard earned 401k money with non-public, non-reported, mutual funds with difficult to determine costs, got no argument with that. - Enroll in important benefits. And we keep running into bugs with the app, as stated to be such by State Farm retirement reps we end up having to call, wasting our time and theirs. Whether youre booking a weekend getaway or buying a laptop, Perks at Work has negotiated with thousands of merchants to offer value and a pricing advantage as part of a private network. Keep everything running smoothly once live to realize the value of your cloud. If you experience any issues with this process, please contact us for further assistance. Conferences. 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. Wondering how we use your information? 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.. On July 29, 2021, the Company entered into a definitive agreement to acquire the Aon Retiree Health Exchange business from Aon plc. The decrease of $7 million was due to transitions from the Hosted Business to cloud-based services and the wind down of this segment. 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. L|b PuHBx;G|/s(,h9L,p-]Lr@0X3Lra4%>Z@VPa: So we're left in the dark until we can call State Farm retirement services the next day. Designed to help administer your health benefits, cut costs and unlock the wellbeing of your people. Safety starts with understanding how developers collect and share your data. 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. Many people dont understand their health benefits, where to find care and how to handle the complexities of family, dependents and chronic conditions. With processing taken care of and automation enabled, you can significantly reduce the amount of time spent on administering payroll. Glassdoor is your resource for information about Alight Solutions benefits and perks. This is my companys new app to help centralize benefits and encourage wellness. 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. For more information, see the developers privacy policy. these two issues make the app essentially useless.. thus, trash. Our Alight Worklife platform combines data and analytics with a simple, seamless user experience. Our flexible working environment empowers our teams to find balance so that they can fully engage at the office and in life. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Professional Services Gross Profit of $26 million for the three months ended June 30, 2021 was flat with the prior year period. Reported anonymously by Alight Solutions employees. mariana.fischbach@alight.com, Alight Investor Relations 163 0 obj <>stream With Alight as your partner, you can count on flexible and scalable payroll solutions that modernize, harmonize and simplify your payroll operations. Below youll find an overview of the benefits available to our U.S. colleagues. The Workplace Benefits in a Changing World 2023 report is based on two surveys conducted to capture the perceptions of employees and employers. Learn how Alight unlocks growth for organizations of all sizes at alight.com. Benefits information above is provided anonymously by current and former Alight Solutions employees, and may include a summary provided by the employer. Alight also offers Perks at Work , which is a free employee perks and discount program designed to help you find the perks that matter to you. Companies and people. Please use our support tool to find your HR website and your company's service center contact information. You must click the activation link in order to complete your subscription. Contact our support team. Nothing is more important to us than our people. %PDF-1.7 % The questions in the surveys mirrored each other. Webinars benefits, logging in to Engage@ Nissan or Workday, locating policies and payroll, or locating the correct contact. investor.relations@alight.com, Media: Access this site to review pension, 401k, medical, life, & HRA benefits you may be eligible for as well as wellness programs like Quit for Life. & DrelJ`$V"u 107 0 obj <> endobj 470-638-7400 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 . 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. 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. Alight Reports Second Quarter 2021 Results, https://www.businesswire.com/news/home/20210812005069/en/, Cost of services, exclusive of depreciation and amortization. Alights Managed Payroll Services combines deep payroll expertise, decades of experience and innovative technology to deliver accurate and compliant payroll administration. Once logged in, you can access your personal benefits information wherever and whenever needed. Company should give better plans with reasonable premiums that would help mental well being. 1 With an unwavering belief that a companys success starts with its people, Alight Solutions is a leading cloud-based provider of integrated digital human capital and business solutions. The developer provided this information and may update it over time. absolute trash. "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 . It may not be complete. Expert help that assesses your technology and guides you in your cloud journey. Learn how Alight unlocks growth for organizations of all sizes at alight.com. Our value-led approach powered by advanced health technology allows employees to make clearer choices, putting you at ease. By providing your email address below, you are providing consent to Alight Solutions to send you the requested Investor Email Alert updates. Address modern workforce needs and create a high-performing culture. Weve created fully integrated and diverse health solutions designed for today and tomorrow. 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. Alight Solutions is an Information technology and consulting company based in Lincolnshire, . Targeted solutions for employees mind, body, wallet and life needs. 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. please fix for Android users. We use analytics to predict, personalize, synthesize and simplify, so employees are empowered to use their health benefits. The pay could be a little better especially for the work you have to perform. compensation and recognition programs, time off and flexibility, and learning and development programs. Alight was formed in May 2017 after the acquisition of the benefits outsourcing department of Aon Hewitt by private equity funds affiliated with . 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. You'll learn about EY and Better You as if you were at an in-person event! Dental Insurance. We are delighted to power Alights Wellbeing Marketplace with benefits that support the whole person.. All rights reserved. Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Health Insurance 3.4 Learn more about how we can help your business. The increase was driven by a 5.5% increase in recurring revenues to $516 million as a result of net commercial activity and transitions from the Hosted Business to cloud-based services, and a 3.9% increase in project revenues to $53 million from the prior year period. Please contact the employer to understand the benefits connected to a relevant job. Current and former employees report that Alight Solutions provides the following benefits. best in class, full-service solutions. Health benefits are one of the largest expenses to an organization, while also one of the most complicated. 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!?! Financial wellbeing is a rising topic of importance for employees. Employer Solutions are driven by Alights digital, software and AI-led capabilities and spans total employee wellbeing and engagement, including integrated benefits administration, healthcare navigation, financial health, employee wellness and payroll. When your benefits strategy delivers a positive experience to your people, thats when youll see a return. This compares to the Companys previous full-year 2021 revenue growth outlook of approximately 1%, or $2.76 billion. We believe Adjusted EBITDA provides visibility to our underlying operating performance by excluding the impact of certain items, including interest expense, income taxes, depreciation of fixed assets, amortization of intangible assets, share-based compensation, expenses related to restructuring and integration plan, and other adjustments, because management does not believe these expenses are representative of our core earnings. Guide your people to the right care from the start, saving money and improving healthcare outcomes. Overall Benefits and Compensations. it also doesn't always give you the ability to scroll down to see all your insurance info. 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. Access your employer benefits health, retirement and payroll details anytime, anywhere. Search below to find your company's HR website. 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. Glassdoor is your resource for information about Alight Solutions benefits and perks. Additional factors that could cause Alights results to differ materially from those described in the forward-looking statements can be found under the section entitled "Risk Factors" of Alights Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 2, 2021, as such factors may be updated from time to time in Alights filings with the SEC, which are accessible on the SEC's website at www.sec.gov. mackenzie.lucas@alight.com, Alight Investor Relations Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. 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. 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). I don't understand how there's a high rating for this app. Investors and analysts can participate on the conference call by dialing 1-877-407-0792 or 1-201-689-8263. - Fri., 7a.m. Heres ourprivacy policy. Simply scan the QR code at the top of the page, or visit benefits.unburritable.net to learn all about these items and more, include Verizon and AT&T discounts, They may be eligible to the following benefits once they are qualified: Health Insurance; Dental Insurance Vision Program Find Your HR Website | Alight Find Your HR Website Home Find Your HR Website Need help with your personal benefits? 2023 Alight Solutions. MacKenzie Lucas 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.