Equifax Workforce Solutions Wins Gold in Brandon Hall Group's 2014 Excellence in Technology Awards
Company's ACA Management Platform Receives Top Honor in "Best Advance in Unique HR or Workforce Management Technology" Category
ST. LOUIS, Dec. 17, 2014 /PRNewswire/ -- Equifax Workforce Solutions, a leader in human resource, analytics and verification services, and a business unit of Equifax Inc. (NYSE: EFX), today announced that it has won a coveted Brandon Hall Group Excellence in Technology Gold Award in the "Best Advance in Unique HR or Workforce Management Technology" category for its Affordable Care Act (ACA) Management Platform.
As the provisions of the ACA continue to take effect, the legislation has brought unprecedented changes to workforce planning and management. In particular, the ACA's employer mandate, which requires organizations with 100 or more full-time equivalent employees to offer healthcare coverage to their full-time workers in 2015 or pay a penalty, has made it crucial that companies understand their obligations and know who must be offered coverage and when. The ACA Management Platform was developed to facilitate this process, enabling informed decision making and minimizing ongoing costs and compliance risks associated with the ACA legislation.
The ACA Management Platform was selected as a Gold winner by Brandon Hall Group for the innovation it brings to this complex process. The solution streamlines compliance by helping to determine eligibility for both current employees and new hires, based on varying measurement periods. It also improves communication between different locations and managers by providing a single source of ACA-related data. Automated notifications can be scheduled and sent to stakeholders to alert them of possible compliance risks and ensure they are aware of eligibility trends. The platform also provides an audit trail for compliance purposes. In addition, the ACA Management Platform performs the necessary legislative calculations and delivers pre-configured reports, enabling HR to make critical decisions around the law's impact as well as fulfill IRS reporting requirements.
"The ACA has proven to be one of the most complex pieces of legislation of our time, requiring that HR teams adopt new methods to ensure compliance and minimize risk," said Mike Psenka, senior vice president, Workforce Analytics, for Equifax Workforce Solutions. "The ACA Management Platform simplifies these complex processes, leveraging real-time data and full customization to help organizations manage the ACA with confidence. We are honored to receive the Brandon Hall Group gold award for this solution and delighted to be recognized for the innovation it brings to the HR industry."
"HCM technology is a major enabler of business growth and our Excellence in Technology award winners epitomize the vision, creativity and resourcefulness that drive results. We are honored to recognize these excellent organizations," said Mike Cooke, chief executive officer of Brandon Hall Group.
A panel of veteran, independent senior industry experts and Brandon Hall Group senior analysts and executives evaluated entries based on the product's innovation, unique differentiators, value proposition and measureable results. Equifax Workforce Solutions win was announced on Thursday, December 11, 2014. The complete list of winners can be found at: http://go.brandonhall.com/Excellence_Awards_Home.
In addition to receiving the award, Equifax Workforce Solutions will participate in a panel discussion at the Brandon Hall Group's HCM Excellence Conference 2015, to be held January 28 - 30, 2015. On Thursday, January 29, Mike Psenka will discuss how to leverage data to drive organizational results. Additional information about the event can be found at: http://go.brandonhall.com/excellence_conference_overview.
About Equifax, Inc.
Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 600 million consumers and 81 million businesses worldwide. The company's significant investments in differentiated data, its expertise in advanced analytics to explore and develop new multi-source data solutions, and its leading-edge proprietary technology enable it to create and deliver unparalleled customized insights that enrich both the performance of businesses and the lives of consumers. Equifax Workforce Solutions (also known as TALX), an Equifax business unit, is a leading provider of human resource, data, analytics and verification services.
Headquartered in Atlanta, Equifax operates or has investments in 19 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. In 2013, Equifax was named a Bloomberg BusinessWeek Top 50 company, was #3 in Fortune's Most Admired list in its category, and was named to InfoWeek 500 as well as the FinTech 100. For more information, please visit www.equifaxworkforce.com or www.equifax.com.
About Brandon Hall Group, Inc.
With more than 10,000 clients globally and 20 years of delivering world class research and advisory services, Brandon Hall Group is the most well-known and established research organization in the performance improvement industry. We conduct research that drives performance, and provides strategic insights for executives and practitioners responsible for growth and business results.
Brandon Hall Group has an extensive repository of thought leadership, research and expertise in Learning and Development, Talent Management, Leadership Development, Talent Acquisition and Human Resources. At the core of our offerings is a Membership Program that Empowers Excellence Through Content, Collaboration and Community. Our members have access to research that helps them make the right decisions about people, processes, and systems, combined with research-powered advisory services customized to their needs. (www.brandonhall.com).
Note to editors: Trademarks and registered trademarks referenced herein remain the property of their respective owners.
Logo - https://photos.prnewswire.com/prnh/20060224/CLF037LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/equifax-workforce-solutions-wins-gold-in-brandon-hall-groups-2014-excellence-in-technology-awards-300010558.html
SOURCE Equifax Inc.
Released December 17, 2014