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Global Employee Engagement Study Finds Only Half of Employees Happy at Work

Great Place to Work®

Great Place to Work®, the global authority on workplace culture and leader in certifying great employee experiences around the world, today announced the results of its 2021 Global Employee Engagement Benchmark study, a data-led analysis of employee satisfaction around the globe. The study surveyed over 14,000 workers across 37 countries to determine the average employee experience. The study found that only about half of employees worldwide are experiencing a great workplace, with little variation across regions. In the U.S. and Canada, just 53% of employees are reporting a positive experience at work. In Latin America, the highest-scoring region, 60% of employees report a positive employee experience. By comparison, Europe, the lowest-scoring region, saw 52% of employees reporting a positive experience. Source: Great Place to Work® Global Employee Engagement Benchmark study There were also few differences across industries. Hospitality saw the lowest score, with only 49% of employees reporting a positive experience, while all other industries in the study averaged between 54% and 60%. Employees rated their workplaces against 17 statements in Great Place to Work’s confidential Trust Index™ survey. The statements measure factors that contribute to a positive employee experience such as a sense of purpose, innovation opportunities, psychological safety, leadership and fairness. Within these findings, four challenges stood out as most common to workplaces today, with employees citing inequity, lack of meaningful connection, lack of purpose and poor leadership. “These experiences are sadly familiar to many employees,” says Michael C. Bush, CEO of Great Place to Work. “Moreover, they’re hurting companies’ agility, innovation and performance.” The study shows that more than half of workers feel pay and promotions are handled unfairly. As well, 43% said they believe their coworkers don’t care for each other, 35% said they feel they can’t be themselves at work and 45% say their workplaces are not psychologically and emotionally healthy. Roughly half of all employees reported their leaders do not genuinely care for them as people, don’t involve them in decisions and fail to match their actions to their words. And nearly half of all employees said they do not intend to stay with their current workplace, nor are they willing to recommend their employer. By contrast, employee feedback data from companies that are Certified™ by Great Place to Work shows that when workplaces provide positive leadership, a sense of purpose and opportunity for meaningful connections with colleagues, employees’ intent to stay improves by 52%, while their willingness to recommend their employer to others increases by 65%. About Great Place to Work Great Place to Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces in the U.S. and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™. To learn more, visit greatplacetowork.com, visit Great Place to Work’s company culture blog and read “ A Great Place to Work For All. ” Join the community on LinkedIn, Twitter, and Instagram. Contact Details Kim Peters +1 415-844-2574 kpeters@greatplacetowork.com

November 09, 2021 07:00 AM Eastern Standard Time

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NMTC Coalition Urges White House and Congressional Leadership to Make the NMTC Permanent within the Final Federal Appropriations Package, As Passed by the House Budget Committee

New Markets Tax Credit Coalition

Today, the New Markets Tax Credit (NMTC) Coalition, a national membership organization of Community Development Entities (CDEs) and investors organized to advocate on behalf of the NMTC, released a letter signed by 400 community development stakeholders to President Biden, House Speaker Nancy Pelosi, and Senate Majority Leader Chuck Schumer, urging Democratic leadership to include provisions to make the New Markets Tax Credit Program permanent. The Coalition also supports additional NMTC enhancements approved by the House Ways and Means Committee in the budget reconciliation legislation. The Joint Committee on Taxation estimates the ten-year cost of the Ways and Means NMTC provisions at only $2.6 billion over ten years, while those funds will leverage an estimated $85 billion investment in economically distressed rural, urban, and tribal communities. These communities will benefit from improved services, increased private sector investment, and 700,000 new jobs at a federal cost of under $4,000 per job. “We strongly support making the NMTC permanent,” said Yvette Ittu, President of the NMTC Coalition and President of Cleveland Development Advisors. In February, Reps. Terri Sewell (D-AL), Tom Reed (R-NY), Sens. Ben Cardin (D-MD) and Roy Blunt (R-MO) introduced the New Markets Tax Credit (NMTC) Extension Act of 2021. The legislation permanently extends NMTC at $5 billion in annual credit authority, adjusts that amount for inflation in future years and provides an exception from the Alternative Minimum Tax (AMT) for New Markets investments. In December 2020, Congress extended the NMTC for five years, which was the largest extension in the history of the Credit. Throughout its 20-year history, the NMTC has delivered more than $110 billion to rural and urban communities outside the economic mainstream, which has led to financing to more than 6,000 business and projects and over one million jobs. Establishing the NMTC as a permanent part of the tax code will provide certainty and further promote the in getting patient, flexible capital to low-income and marginalized communities, creating jobs, increasing economic opportunity, and improving lives at a time when the economic frailty of our underserved communities has never been more apparent. Established in 2000 in the Community Renewal Tax Relief Act (P.L.106-554), the New Markets Tax Credit is a bipartisan effort to stimulate investment and economic growth in low-income urban neighborhoods and rural communities. Since then, the New Markets Tax Credit has financed more than 6,500 projects and created over one million jobs in all 50 states, the District of Columbia and Puerto Rico. “Following devastating impacts from COVID-19, the New Markets Tax Credit is absolutely vital for many of America’s urban neighborhoods and rural communities and will provide billions of dollars for high-impact, community revitalization projects,” said Bob Rapoza, spokesperson for the NMTC Coalition. “Over the years, the credit has been instrumental in financing plant and equipment for small manufacturing businesses and patient flexible capital to other small businesses, hospitals, healthcare centers, homeless shelters and other transformative projects that improve communities, create jobs and economic opportunity. A permanent extension of NMTC will provide more certainty to private sector investors, which will result in better pricing and more subsidy to hard-to-finance, essential projects.” For examples of how the NMTC is making an impact in each state, see the NMTC Coalition’s newly released report, NMTC at Work in Communities Across America, featuring updated state statistics sheets on NMTC efficacy and more than 80 Tax Credit success stories. About New Markets Tax Credit Program The New Markets Tax Credit (NMTC) was enacted in 2000 in an effort to stimulate private investment and economic growth in low-income urban neighborhoods and rural communities that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. Since its inception, the NMTC has generated more than one million jobs. Today, due to the NMTC, nearly $110 billion is hard at work in underserved communities in all 50 states, the District of Columbia, and Puerto Rico. For more information, visit www.NMTCCoalition.org Contact Details Bob Rapoza +1 202-498-9921 bob@rapoza.org Company Website https://nmtccoalition.org/

November 08, 2021 02:50 PM Eastern Standard Time

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Elevate Brands Raises $55 Million in Equity Funding From Leading Institutional Investors to Fuel Global Acquisition of Amazon Marketplace Sellers

Elevate Brands

Elevate Brands, a leader in acquiring and operating Amazon third party businesses, announced today that it has secured an additional $55M in equity funding led by Soroban Capital, with support from Upper90 and funds managed by Oaktree Capital Management, L.P. (“Oaktree”). This comes on the heels of their recent Series B $250 million debt and equity round in July 2021 led by Upper90. Elevate plans to use this latest funding to accelerate its M&A strategy, expand its sales channels globally, and invest in its technology platform. The company currently boasts a robust portfolio of 30 Amazon Marketplace brands with a revenue run rate greater than $100M. Recent acquisitions include Will’s Wine, Essential Values and Active Chews, which are leaders in the Home & Kitchen or Pet Supply categories. “We are operators first and foremost and will continue to build our global team of world class brand builders,” said Ryan Gnesin, CEO of Elevate Brands. “This latest round of funding confirms our investors' confidence in our operating team, quality of existing brand portfolio, and deep pipeline of M&A targets.” Elevate recently opened its second headquarters in Austin and has grown its global team of marketers and operators more than 600% since January 2021 and continues to expand. About Elevate Brands: Founded in 2016, Elevate Brands specializes in acquiring, launching and operating leading consumer brands in Amazon’s Third Party Seller Marketplace, a $300 billion platform that is expected to double over the next five years. A broad network of resources paired with a global team of industry leaders headquartered in NYC and Austin provides Elevate with the unique ability to scale brands quickly. The company structures its underwriting process to prioritize a seller’s needs and execute a trustworthy exit within 30 days. About Soroban Capital: Founded in 2010, Soroban Capital is a $10 billion investment firm led by Eric Mandelblatt which is focused on public and private companies in the Technology, “Old Economy”, Consumer, and Payments & Information Services industries. About Upper90: Founded in 2018, Upper90 is a hybrid investment firm that provides founder-friendly credit and equity to top disruptors in e-commerce and fintech. The firm is backed by 300 leading entrepreneurs and has originated over $1.5Bn of growth capital to market-leading businesses that secured their initial credit facilities and equity investments from Upper90, including Thrasio, ClearCo, Crusoe Energy, Clutch, and Octane Lending. About Oaktree: Oaktree is a leader among global investment managers specializing in alternative investments, with $158 billion in assets under management as of September 30, 2021. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/. Contact Details Elevate Brands Rachel Hartz +1 708-825-6677 rachel@elevatebrands.com Company Website https://www.elevatebrands.com/

November 08, 2021 02:02 PM Eastern Standard Time

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ALEXANDRA SALAS ELECTED CEO OF THE BUSINESS COUNCIL FOR PEACE (Bpeace)

Bpeace

Alexandra Salas has been elected Chief Executive Officer of the Business Council for Peace (Bpeace), the leading community of high-impact job creators. The announcement was made by outgoing CEO and co-founder, Toni Maloney, who is stepping down after leading the nonprofit for its first 19 years. They have worked together closely over the past year to ensure a smooth transition. TRANSITION FROM WITHIN Ms. Salas has been with Bpeace since 2015, most recently as Chief Program Officer. She engineered the successful pivot of the nonprofit's service delivery during the pandemic from in-person and remote, to remote only. “When economies slow down, resilience and creativity turn up,” said Ms. Salas. “We took collective action with our entrepreneurs, funders, staff and our volunteer experts. As a result, 100% of the businesses we advised survived the pandemic, and 98% of the jobs were preserved.” “Over the past two years Alex has doubled the number of Fast Runners Bpeace advises,” said Ms. Maloney. “As a result, more than 41,000 family members in four countries are supported by 10,500+ Fast Runner employees. Through the strong partnerships she has forged with the Argidius Foundation and USAID, and the continuous improvement she has led for our job creation services Maximizer and Women Forward, Bpeace is on a glide path to doubling the number of families we can impact.” Ms. Salas has 20+ years of private equity and development experience while working in the U.S, Argentina and Brazil, and is a graduate of Lehigh University. Bpeace is a remote-first organization, with a distributed workforce in five countries. Alex is based in the U.S., in North Carolina. STEPPING DOWN, BUT NOT OUT Ms. Maloney remains on the Bpeace Board of Directors and is leading several of the organization’s initiatives, including the global Bpeace Women Forward Roundtable in February. Her legacy is Bpeace’s enduring and proven operating model that creates jobs by helping small and medium-size businesses grow through guidance from volunteer business experts. She drove Bpeace’s unique lexicon, calling the entrepreneurs “Fast Runners” because the organization selects those who are in the best position to create jobs for others; and calling the business volunteers “Skillanthropists” because of the skills and knowledge they generously contribute pro bono. Bpeace has a bench of 400+ Skillanthropist volunteer business experts from companies including ZS Associates, FrontierView, Trusted Media, PwC, IBM, Amazon, Estee Lauder, IPG Health, ExCo Group, Nike and Barclays, as well as independent consultants. Prior to founding Bpeace, Toni led The Maloney Group, a strategic marketing firm. Over her 50-year career, she also held executive positions at American Express and the Ogilvy and McCann-Erickson advertising agencies. She is a graduate of New York University and is based in New York. Bpeace operates in crisis-affected communities to grow small and medium-size businesses, create significant employment for all, and expand the economic power of women. More jobs mean less violence.® The organization is currently providing business advisory services to entrepreneurs in El Salvador, Guatemala, Lebanon and to women-led and minority-owned businesses in the U.S. ********* Contacts: Caroline Basso +1 607.222.5791 cbasso@bpeace.org The Business Council for Peace (Bpeace) is an award-winning nonprofit working in crisis-affected communities to grow small businesses, create significant employment for all, and expand the economic power of women. More jobs mean less violence.® Contact Details Business Council for Peace Joan M. Harper +1 516-342-7240 jharper@bpeace.org Company Website https://www.bpeace.org/

November 05, 2021 08:30 AM Eastern Daylight Time

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Centerboard Launches Updated Product Offerings via WIN, by Centerboard Technology Platform

Centerboard

Centerboard, the neutral, shipper-centric transportation management solution, is announcing a range of updated solutions to its core platform, WIN, by Centerboard. As the shipping industry navigates challenges presented by disruptions in the supply chain, Centerboard aims to ease shippers’ workload through new technologies that offer a seamless user experience. With these latest updates, shippers of all sizes receive access to modular and flexible solutions powered by real-time data, providing full control over and transparency of their supply chain. “Our business needs are continuously changing as we navigate through the pandemic, shipping delays and driver shortages,” said Nicolas Adam, Executive Vice President at Margarine Thibault. “With the various new features offered on WIN, by Centerboard we’ve been able to navigate all of these challenges while improving our processes, enabling our team to make better shipping decisions and ultimately save time and money.” New features now live in WIN, by Centerboard include: Advanced Shipment Notifications on all order tracking messages, helping to improve efficiency, accuracy and flexibility. Tracking Message on Behalf of Carriers helping to communicate shipping updates in real-time. Activity Tab Added on Order Screen to customize specific items related to an order, ultimately saving time. Added Custom Fields including date and timestamp, helping users to improve their billing process. Tender Response Reminders, including scheduled, automated messages reducing the need for shippers to manually contact carriers. Pallet Labels to auto-generate the paperwork that shippers had to manually create. Pro Sticker Image on BOL, adding greater clarity to the shipping experience by giving the client and carrier a convenient document for real-time tracking. “Centerboard’s best-in-class technology team is powered by 30 years of supply chain expertise and we understand what shippers need most. We’re focused on providing shippers with solutions that are backed with artificial intelligence and machine learning capabilities enabling more cost-effective, efficient and sustainable programs,” said Lindsey Shellman, Chief Commercial Officer at Centerboard. “It’s important that current and future technology features are nimble and flexible in order to support changing architectures. Centerboard gives shippers control by integrating with their existing and emerging technologies.” To learn more about Centerboard and the new solutions offered through WIN, by Centerboard, Visit www.centerboard.com. About Centerboard Centerboard is a neutral, shipper-centric transportation and supply chain management platform supplying shippers with access to a wide range of affordable features needed to take control of operations. Centerboard unlocks business opportunities for shippers, carriers and supply chain stakeholders, through leveraging real-time data. Centerboard is out to make the supply chain more sustainable and efficient to ensure less waste and significant carbon reduction with every trip. Contact Details Kite Hill PR for Centerboard Kite Hill PR centerboard@kitehillpr.com Company Website https://www.centerboard.com/

November 04, 2021 09:00 AM Eastern Daylight Time

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National Partnership Action Fund Launches C4 Accountability Campaign Around Women’s Agenda

National Partnership Action Fund

Today, the National Partnership Action Fund announced that it is launching a campaign effort to ensure that the agenda that women and families voted for in the past election is carried out by policy makers. Recent polling has shown that paid family and medical leave is one of, if not the most, popular elements of any plan to help our economy rebuild amidst an ongoing pandemic. Women in particular have borne the brunt of the pandemic, with 3 million leaving the workforce, with one of the core reasons being a lack of ability to take leave to care for themselves and others. Yet the past few weeks have shown that women are still having to fight to be heard in the broader agenda. The Action Fund plans to engage in both grassroots and grasstops outreach in districts to ensure that the public knows who has stood up for their priorities, with elected officials being identified as She-roes or Zeros, to encourage and assist people in calling on their elected officials for action. The Fund will launch with a six-figure coffer with plans to raise additional funds from individuals and organizations who want to see Congress take stronger action for women’s priorities. “This past election women came out in larger numbers to support bold change,” said Lelaine Bigelow, Campaign Director of the National Partnership Action Fund. “We turned out in larger numbers than our male counterparts and we were the backbone of campaigns around the country. Yet we still have a culture that believes that infrastructure is only hard-hat jobs and that caregiving is women’s work and not worth investing in completely. We’re excited to launch this campaign to ensure that our elected officials hear loud and clear that we are watching and that we expect them to hold the line for women and families.” Contact Details Amaya Smith asmith@nationalpartnershipaction.org

November 03, 2021 04:09 PM Eastern Daylight Time

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Symphony showcases front office, operations, and wealth workflows at Innovate 2021

Symphony Communication Services

Symphony - the leading markets’ technology and infrastructure platform - showcased front office, operations, and wealth workflows that are solving for markets industry challenges in its flagship conference Innovate 2021, held yesterday in New York City. Symphony showcased for the first time how its secure and compliant collaboration platform is integrating the technology of the two companies it acquired earlier this year: StreetLinx’s counterparty mapping platform and Cloud9’s markets voice and electronic communication platform into one powerful inter-firm workflow. Symphony CEO Brad Levy said: “Harnessing networks and connecting with purpose has never been more important. This year’s Innovate gave us the opportunity to highlight how we can help bridge this gap across workflows and client segments, bringing finance and tech together for the benefit of users, clients and counterparties.” The hundreds of financial professionals that joined the day’s sessions in person and online learned about the innovation and digital transformation taking place across markets directly from Symphony partners, customers, developers and innovators. Innovate 2021’s highlights included discussion panels with industry leaders and live demonstrations of Symphony’s platform and partnerships. Chief product officer Michael Lynch added: “We were thrilled to showcase such a diverse set of innovations, all meant to help our customers be more connected and efficient—moving beyond legacy disparate systems into a holistic ecosystem of interoperability and collaboration.” Videos from all the sessions will be posted on innnovate.symphony.com. About Symphony Symphony is the most secure and compliant markets’ infrastructure and technology platform, where solutions are built or integrated to standardize, automate and innovate financial services workflows. It is a vibrant community of over half a million financial professionals with a trusted directory and serves over 1000 institutions. Symphony is powering over 2,000 community built applications and bots. For more information, visit www.symphony.com. Contact Details Symphony Communication Services Odette Maher +44 7747 420807 odette.maher@symphony.com Company Website https://symphony.com/

November 03, 2021 03:05 PM Eastern Daylight Time

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Improving the Lives of Caregivers

YourUpdateTV

There will be more people over 65 than under 18 by 2030 -- the boomer generation is living longer and wants to age at home. The result is more than 53 million family caregivers in the U.S., caring for more than 80 million people, and spending more than $187 billion on home health care. Recently, Bianca Padilla, CEO and Co-Founder of Carewell, participated in a nationwide satellite media tour to discuss the importance of supporting caregivers around the country. A video accompanying this announcement is available at: https://youtu.be/Z8i-N0yyx30 One-fifth of Americans will act as informal caregivers at some point in their lives, but there is little in the way of vetted products, product knowledge, guidance, and service to help those in the position of caring for a loved one. The biggest trend in caregiving over the past few years is aging at home. 90% of Americans want to stay in their homes for the rest of their lives. They don’t want change, and it’s up to the younger generations to help them do this safely and comfortably. 84% of caregivers report needing more information, so providing access to educational resources is vital for this audience, especially as conditions change - and usually worsen - over time. Carewell is redefining home healthcare by helping caregivers manage their loved one’s conditions, as well as their own lives. Carewell strives to make this population feel seen and understood by providing the products, service, and community support they need along with a level of customer service and convenience rarely found in healthcare. Carewell offers support to family caregivers with a library of information and caregiving guides to remove guesswork. For more information, visit Carewell.com About Bianca Padilla: Bianca Padilla is the CEO and co-founder of Carewell, a family-founded company that simplifies life for caregivers by providing personalized service, compassionate content, and expert-vetted home care products. A graduate of New York University with a B.A. in Economics, Bianca attended the Disney Institute and formed the Charlotte chapter of Aging 2.0, for which she currently serves as an ambassador. Prior to founding Carewell, Bianca worked as a software engineer at LiveNinja and as an analyst for CCMP Capital Advisors and Pantheon Ventures. A Miami native, Bianca enjoys spending time with her co-founder husband Jon and dog Henry, traveling, being an unabashed foodie, and reading books about entrepreneurship, leadership, tech, and comedy. About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

November 03, 2021 02:00 PM Eastern Daylight Time

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Lexion Launches Email-First Contract Workflows for Rapid, Easy Adoption

Lexion

Lexion, an AI-powered contract management system, today announced Lexion Workflow, a new module that accelerates the in-house legal contracting process. Lexion’s Workflow spans the entire end-to-end contracting lifecycle from intake, drafts, and negotiation, to approvals and signature. Unlike other contract management systems, stakeholders can work with Lexion’s Workflow entirely via email, eliminating the need for complex configuration and training. “Incredibly easy is our key focus,” said Gaurav Oberoi, co-founder and CEO of Lexion. “In-house legal teams are tired of CLMs that over-promise and under-deliver. The root cause of that frustration is nearly always tied to organization-wide change management requirements and lengthy implementations. After speaking with more than 50 in-house counsel, it was clear to us that the key to unlocking value was to give legal teams an intuitive dashboard to manage intake and tasks, while letting the rest of the company simply email in requests, redlines, approvals, and follow-up questions.” “With Lexion, anyone in our company can simply send an email asking for a contract review, and it turns the request into a task on a dashboard,” said Michael Leman, Deputy General Counsel at Fox Factory (NASDAQ: FOXF). “I can then manage the entire process in one place, while my internal clients can remain in email. Unlike the prior CLM system we used, Lexion has made company-wide adoption painless, and given our legal team tools to clearly communicate status, measure performance KPIs, and accelerate contracting.” According to Gartner, legal departments will increase their technology spend 300 percent by 2025, and yet only realize 30 percent of the potential benefit of their CLM investments because of the complexities of requirements gathering, change management, and user adoption. Lexion is positioned to capture this demand by offering a pragmatic platform that delivers on the promise of speeding up contract review and eliminating legal busywork. Lexion will accomplish this with a focus on ease of use and AI-powered automation as key drivers. “Many of our clients are interested in improving the contracting process,” said David Wang, Chief Innovation Officer at Wilson Sonsini. “However, they are wary of the cost of implementation, and the difficulty of getting the entire organization to adopt elaborate systems. Lexion’s novel, email-centric approach, is a game changer in that it addresses the chief barriers to adoption and dramatically increases the chance that the business will realize the benefits of the system.” With the addition of Workflow to Lexion’s AI-powered Repository, Lexion now offers an end-to-end contract management solution for in-house legal teams that helps them capture key metrics and accelerate deals while using AI and automation to help them scale. About Lexion Lexion is an incredibly easy to use contract management system, powered by AI. We're on a mission to make legal teams highly productive and happy, by accelerating contract review and eliminating busywork through automation and AI. We use best in class natural language processing technologies to make it 100x easier for legal teams to find what’s in their contracts and automatically stay organized. Best of all, Lexion’s email-centric approach, and legacy contract onboarding, makes implementation and adoption easy. We built Lexion at Microsoft co-founder Paul Allen’s artificial intelligence research institute (AI2) and are backed by the same investors that funded OpenAI (Khosla Ventures), helped launch Amazon (Madrona Venture Group), and have advised Google (Wilson Sonsini). With a top notch and experienced team from Microsoft, Facebook, Google, and Amazon, we built a company that CB Insights ranked the #1 most promising AI legal tech startup in the world two years in a row (2020, 2021). Most importantly, fantastic brands trust Lexion to manage their contracts: Outreach, OfferUp, Blue Nile, and many more. Visit https://lexion.ai for more. Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://lexion.ai/

November 03, 2021 09:00 AM Pacific Daylight Time

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