HCM Unlocked

WOW! My thoughts on the Paychex acquisition…   DISCLAIMER: These are my opinions after listening to the Paychex M&A call and talking with many trusted industry partners and brokers in my network.   This is a significant move in the HCM industry that will have lasting impacts and create shock waves throughout HCM tech and employee benefit brokers.   1. I have a lot of contacts in the broker community and understand their space (we used to have a brokerage division). Whenever I talk with my broker partners, we spend ZERO time talking about Paychex. I doubt this changes. 2. Make no mistake about it, Paychex is a threat to brokers. 3. Paychex stated that their highest value creation priority is Managed Services and PEO. 4. They want to run Paycor independently, but what does that change? They will still cross-sell Paycor clients to Paychex PEO or Paychex Insurance Agency.   5. Paychex wants to offer their employee marketplace to all Paycor clients, where they sell… VOLUNTARY BENEFITS! Not great news for brokers. 6. Managed Services played a key role in this acquisition for Paychex. This is not surprising considering how hot the Managed Services industry is in mid-market HCM (50-2,500 employees). 7. I expect Managed Services to move from “nice to have” to a "must have" in all HCM tech evaluations. 8. There will be layoffs, probably on both sides. They touted $80m in "cost synergies." 9. Paychex is using this move to go upmarket. They simply just aren't relevant in this space today, but Paycor is. 10. With this acquisition, how does Paychex get to the upmarket organically? Paycor has historically done a great job working with brokers to pull referrals, but if I were a broker, I wouldn’t have the warm and fuzzies referring Paycor knowing that Paychex IA, Paychex PEO, and the Paychex Employee Marketplace are lurking in the shadows. 11. Anonymous source: "I have spent a decade plus consulting, and I have never included Paychex in an evaluation, and I don’t plan on changing that."

I’m thrilled to announce the appointment of Bill Hicks to the HCM Unlocked Advisory Board. Bill brings over three decades of distinguished leadership experience in customer success, technology, and operations. Prior to HCM Unlocked, Bill served as Chief Relationship Officer at UKG.  
Throughout his accomplished career, Bill has earned a reputation as a visionary leader and a trusted advisor. In his role on our Advisory Board, Bill will work closely with our team to help us deliver on our mission of providing a Customer Obsessed experience. Welcome to the team Bill!

As 2024 comes to a close, we’re reflecting on an incredible year of growth, innovation, and partnerships at HCM Unlocked. 🚀 From empowering organizations with seamless HCM solutions to driving impactful results for our clients, this year has been one for the books. Thank you to our amazing team, clients, and partners for making 2024 such a success. Here’s to even greater achievements in 2025! 🥂 #YearInReview #HCMUnlocked #Grateful #2024Success #LookingAheadTo2025

The recently enacted SECURE Act 2.0 introduces significant changes to retirement savings laws that could directly impact your financial future. These updates are designed to make retirement planning more accessible and effective for everyone. 💬 If you’d like to discuss how these changes may impact your retirement strategy, we’re here to help. Let’s ensure your financial plan is aligned with your goals. Here’s a quick overview of the most important updates:

🚀 Wednesday Win Story Alert! 🚀 We’re excited to share a recent success with one of our valued clients!

Looking for tailored solutions to tackle your HR initiatives? We provide à la carte HR projects designed to address your organization’s unique needs. With expert guidance and Compliance Coach oversight, our services are flexible, effective, and client-focused. Here are just a few examples of what we can help you achieve: 🔹 Handbook Creation or Review 🔹 Job Descriptions Development 🔹 Employer Branding Strategies 🔹 Diversity Hiring Initiatives 🔹 Wellness Programs 🔹 Market Pricing & Benchmarking 🔹 Equity & Fair Pay Analysis 🔹 Succession Planning 🔹 Change Management Programs 🔹 Employee Engagement Surveys Whether you’re redefining pay scales, ensuring compliance, or enhancing employee engagement, our project-based approach ensures you have the expertise you need to deliver results. 📋 What to Expect: 🔹High-level client involvement during intake 🔹Customized project design and execution 🔹Support backed by cutting-edge HR technology Let us take the heavy lifting off your plate so you can focus on what matters most: growing your business. Ready to elevate your HR strategy? #HRStrategy #HumanResources #EmployeeEngagement #ChangeManagement #EmployerBranding #WorkplaceExcellence

Looking for tailored solutions to tackle your HR initiatives? We provide à la carte HR projects designed to address your organization’s unique needs. With expert guidance and Compliance Coach oversight, our services are flexible, effective, and client-focused. Here are just a few examples of what we can help you achieve: 🔹 Handbook Creation or Review 🔹 Job Descriptions Development 🔹 Employer Branding Strategies 🔹 Diversity Hiring Initiatives 🔹 Wellness Programs 🔹 Market Pricing & Benchmarking 🔹 Equity & Fair Pay Analysis 🔹 Succession Planning 🔹 Change Management Programs 🔹 Employee Engagement Surveys Whether you’re redefining pay scales, ensuring compliance, or enhancing employee engagement, our project-based approach ensures you have the expertise you need to deliver results. 📋 What to Expect: 🔹High-level client involvement during intake 🔹Customized project design and execution 🔹Support backed by cutting-edge HR technology Let us take the heavy lifting off your plate so you can focus on what matters most: growing your business. Ready to elevate your HR strategy? #HRStrategy #HumanResources #EmployeeEngagement #ChangeManagement #EmployerBranding #WorkplaceExcellence

✨ Meet HCM Unlocked: A 2024 GrowFL #FLCTW Honoree! ✨ HCM Unlocked is a leading managed services company specializing in HR and payroll solutions for businesses across the United States. Founded by John Wallace, the company bridges the gap for mid-sized organizations by providing innovative technology, expert management, and streamlined processes. With proprietary tools like their Delta software, HCM Unlocked delivers scalable, efficient solutions that ensure accuracy and compliance in HR and payroll operations. Driven by a culture of collaboration and excellence, HCM Unlocked has grown to over 200 employees and is transforming the way companies manage their human capital. John's advice to fellow entrepreneurs? "Focus on what you can control today, take consistent action, and keep moving forward one step at a time." Congratulations to John Wallace and the entire HCM Unlocked team! Your commitment to innovation and customer-centric solutions is truly inspiring. We can’t wait to see how you continue to lead the way in HR and payroll services. Learn more about their incredible journey here: https://lnkd.in/eWzUbGZJ The 14th Annual GrowFL Florida Companies to Watch is proudly presented by Nperspective CFO & Strategic Services, in association with the Edward Lowe Foundation. Join us on February 27th to honor Florida’s top second-stage companies. Don’t miss this opportunity to celebrate innovation and growth! 🎟️ Secure your tickets here: https://lnkd.in/eckZmeNc.

🚀 Wednesday Win Story Alert! 🚀 We’re excited to share a recent success with one of our valued clients!