MemberPortal_Site - Alight My State Farm Benefits Resource Center. Copyright 2023 Apple Inc. All rights reserved. Targeted solutions for employees mind, body, wallet and life needs. investor.relations@alight.com, Media: Benefits information above is provided anonymously by current and former Alight Solutions employees, and may include a summary provided by the employer. 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 Employer Solutions Adjusted EBITDA increased 8.7% to $138 million, or 24.3% of Employer Solutions revenue, for the three months ended June 30, 2021, as compared to $127 million, or 23.5% of Employer Solutions revenue, for the prior year period. Glassdoor is your resource for information about Alight Solutions benefits and perks. For over a decade, FlexJobs has tracked and analyzed remote job postings to help connect job seekers with remote career opportunities. The Company and Foley Trasimene Acquisition Corp. (FTAC), a publicly traded special purpose acquisition company, successfully completed their business combination on July 2, 2021. Companies and people. Alight announces launch of Wellbeing Marketplace, evolving the benefits ecosystem with flexibility and choice, comprehensive suite of wellbeing solutions, Concierge support and trusted guidance, through benefit counselors, Health Pros, Medical Allies and Financial Advisors. At the heart of it all is you a Better You. It may not be complete. 0 For the same reasons, we are unable to assess the probable significance of the unavailable information, which could have a material impact on our future GAAP financial results. We use analytics to predict, personalize, synthesize and simplify, so employees are empowered to use their health benefits. For the three months ended June 30, 2021, total bookings increased 13.9% to $435 million and BPaaS bookings increased 287.1% to $240 million from the prior year period. Everything health on a single platform. - Fri., 7a.m. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. Standardizing and harmonizing processes while also leveraging powerful technology helps to identify and correct costly payroll errors, minimizing payroll leakage. They may be eligible to the following benefits once they are qualified: Health Insurance; Dental Insurance Vision Program When your benefits strategy delivers a positive experience to your people, thats when youll see a return. Guide your people to the right care from the start, saving money and improving healthcare outcomes. In addition, Alight also considers bookings, defined as total contract value for customer agreements executed in the period, to be a key indicator of future revenue growth and used as a metric of commercial activity by management and investors. 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. This compares to the previous full-year 2021 adjusted EBITDA growth outlook of approximately 6%, or $600 million. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in Alights filings with the SEC. Note: EY Better You is administered on EY's behalf by Alight Solutions, and is subject to Alight's terms and conditions linked to at the bottom of this page. & DrelJ`$V"u Reconciliations of the historical non-GAAP financial measures used in this press release are included in the attached tables. The app does not have a back to Home button on any page: when you go down a section for perhaps 8 screens, you have to click your way all the way back through all the screens you just navigated - how frustrating given the amount of branches in this app. Reset password? The revenue growth discussed above was offset by increases in costs associated with growth of current and future revenues. Access your employer benefits health, retirement and payroll details anytime, anywhere. Working at Alight Solutions: 771 Reviews (2023) | Indeed.com Hosted Business Gross Profit and Adjusted EBITDA was immaterial for the three months ended June 30, 2021. Many people dont understand their health benefits, where to find care and how to handle the complexities of family, dependents and chronic conditions. You can sign up for additional alert options at any time. The Wellbeing Marketplace enables employers to create a comprehensive benefits experience that meet the unique needs of employees and their families. it also doesn't always give you the ability to scroll down to see all your insurance info. Alight Total Health Benefits Administration Healthcare Navigation Reimbursement Accounts Alight Well Eligibility & Compliance Everything health on a single platform. Additionally, Adjusted EBITDA less Capital Expenditures is a non-GAAP measure that is used by management and our stakeholders to evaluate our core operating performance. Almost half (45%) of employees also believe that individual advice sessions based on personal needs is another method that could improve benefit communications. endstream endobj startxref 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 . #FJTop100 #remotework #remotejobs #jobs #jobsearch. Health insurance is either BCBSIL or Kaiser depending on where you are located. Decent pay, good benefits and they have great employee incentive programs. 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 can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. You must click the activation link in order to complete your subscription. Alight Reveals Workplace Benefits Are Missing the Mark With Employees %%EOF hWko6+ac(i[%Be8n;fB )y=3RLj>0e35z,7%sWkhd/(Ib(LrG6 gy,pg$SQLy1$l Learn how Alight unlocks growth for organizations of all sizes at alight.com. For over a decade, FlexJobs has tracked and analyzed remote job postings to help connect job seekers with remote career opportunities. Professional Services includes project-based cloud deployment and advisory work on human capital and financial platforms such as Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand. You'll learn about EY and Better You as if you were at an in-person event! Access your employer benefits health, retirement and payroll details anytime, anywhere. 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. In 2020, Alight began measuring revenue growth as it relates to the cloud-based products and solutions that are central to its Alight Worklife platform and next-generation product suite, BPaaS solutions. Alight Solutions: Employee Benefits and Perks | Glassdoor Their employees may join in a wide selection of benefit programs as soon as they become eligible. Alight Investor Relations Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. On July 29, 2021, the Company entered into a definitive agreement to acquire the Aon Retiree Health Exchange business from Aon plc. 2021 BENEFITS OVERVIEW STAFF - leplb0320.upoint.alight.com Investor.relations@alight.com. Alight Reports Second Quarter 2021 Results, https://www.businesswire.com/news/home/20210812005069/en/, Cost of services, exclusive of depreciation and amortization. Contact our support team. Designed to help administer your health benefits, cut costs and unlock the wellbeing of your people. All rights reserved. The decrease was primarily due to increased investments in the Companys commercial functions. 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. For the three months ended June 30, 2021, BPaaS revenue increased 19.0% to $94 million from the prior year period and represented 14.0% of total revenue. The remaining Hosted agreements are schedule to expire in 2023 and the Company does not intend to renew such agreements or enter into any new Hosted Business agreements. Which benefits does Alight Solutions provide? We know SaaS platforms inside and out. 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. BPaaS products and services span across both the Employer Solutions and Professional Services segments of the business. https://cache.alight.com/privacy/PrivStat.htm. 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. 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. best in class, full-service solutions. 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. E-Suite: Executive leadership publication, Sorry, no results were found for your search. Enhance your cloud technology and communications with our strategic consultants. Alight allows employees to enrich their health, wealth and work while enabling global organizations to achieve a high-performance culture. In addition, the Companys updated full-year adjusted EBITDA outlook now. When I try and leave feedback it just leads me to a blank screen, you can't take screenshots to send in to prove that you paid for payments because it's been turned off by the administration. Employee Assistance Program (Live and Work Well), Group Personal Umbrella Liability Insurance. 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. Get assistance By Phone (TTY 711) You can speak with one of our Licensed Advisors (TTY 711) Our value-led approach powered by advanced health technology allows employees to make clearer choices, putting you at ease. Employer Solutions Revenue Increased 5.4% Once logged in, you can access your personal benefits information wherever and whenever needed. 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. The Wellbeing Marketplace allows employers to easily unlock flexibility that grows loyalty without the complexity of vendor management, providing frictionless engagement to support healthy bodies, minds, wallets and lives for their employees. LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- https://www.businesswire.com/news/home/20210812005069/en/, Investors: 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. The transaction is expected to be completed during the fourth quarter of 2021 and remains subject to regulatory approvals and other customary closing conditions. The developer provided this information and may update it over time. As an employer, your top priority is to take care of employees, engaging them in their health and wellbeing, while saving on costs. Quick Summary of Benefits: As of 2019, they have a record of over 100,000 employees in their organization. The Workplace Benefits in a Changing World 2023 report is based on two surveys conducted to capture the perceptions of employees and employers. As a result, we're an employer of choice. 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. 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 have the experience, technology and solutions to guarantee return onyourspend. Personalized assistance for your people throughout enrollment and beyond. View source version on businesswire.com: For more information, please visit www.alight.com. Expert help that assesses your technology and guides you in your cloud journey. Proceeds from the business combination and the related PIPE transaction were used to repay certain existing borrowings of the Company.
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