Dayforce Inc. Stock Price, News & Analysis

Ceridian (NYSE: CDAY) has introduced a new feature called streaming pay within its Dayforce Wallet, allowing employees to access their earned wages at the end of each workday. This innovation aims to alleviate financial stress for employees living paycheck to paycheck and has garnered interest from over 600 customers, with more than 200 already implementing the feature. A recent survey indicates that 80% of U.S. workers prefer this pay method, potentially boosting employee loyalty. Streaming pay is set to roll out in 2022, enhancing employee financial wellness.

Ceridian (NYSE: CDAY) has announced the expansion of its Dayforce Payroll to nine new markets including Germany, Hong Kong, and Singapore, starting in 2022. This modern payroll solution aims to simplify global compliance for organizations, enabling real-time payroll auditing and reducing complexities associated with traditional systems. Ceridian's platform currently supports payroll operations in over 160 countries, assisting multinational companies with compliance and risk management.

Ceridian (NYSE: CDAY) is set to transform talent management with its new Dayforce Talent Intelligence solutions, leveraging AI and data. Announced on October 5, 2021, these tools aim to promote fair talent decision-making and enhance diversity, equity, and inclusion efforts. The rollout is scheduled for 2022, coinciding with a trend where 46% of executives plan to use AI in recruiting. Ceridian emphasizes that effective talent management has broad organizational impacts, ultimately improving hiring accuracy and retention, which are crucial for overall business performance.

Ceridian (NYSE: CDAY; TSX: CDAY) announced the launch of Dayforce HR Service Delivery, an AI-driven solution designed to enhance employee access to HR information. Set to roll out in 2022, this platform enables employees to receive instant HR and compliance support via a user-friendly interface, optimized for both text and voice queries. The initiative aims to empower remote workforces, ensuring timely access to essential HR data through various channels. The Dayforce Intelligent Search feature will debut in 2021, further streamlining HR service delivery.

Ceridian (NYSE: CDAY) is hosting the Ceridian World Tour at the MGM Grand in Las Vegas from October 4-7, 2021. This event will feature industry leaders and disruptors offering insights into the evolving workplace. Key speakers include Sean Sullivan from SHRM, Billy Beane from the Oakland A’s, and Ceridian executives. The opening session will be live-streamed and later available on Ceridian’s Investor Relations site. Additional events are planned in New York, London, Singapore, and Melbourne. Registration for New York City’s event is already open.

Ceridian HCM Holding Inc. (NYSE:CDAY) announced that David Ossip, Chair and CEO, will participate in an investor meeting hosted by Baird on September 23, 2021, at 1:00 p.m. ET. The event aims to discuss Ceridian's selection by the Government of Canada for the Next Generation Human Resources and Pay pilot's design and experimentation phase. Interested participants can access the live webinar through a registration link or via Ceridian’s Investor Relations website, where a replay will be available post-event.

Ceridian (NYSE: CDAY) has been chosen by the Government of Canada to execute the design and experimentation phase of the Next Generation Human Resources and Pay pilot. This initiative aims to enhance HR and payroll solutions for federal public service employees. Ceridian's Dayforce platform will offer adaptable, compliant HR systems to meet evolving legislative requirements. CEO David Ossip emphasized the company’s commitment to Canada's digital-first vision, underscoring its capacity to deliver scalable technology that improves employee experiences.

Ceridian (NYSE: CDAY) has revealed a survey indicating that 83% of U.S. workers aged 18-44 desire access to their earned wages at the end of each workday. Conducted by The Harris Poll, the study shows a significant preference for flexible pay, with 80% favoring automatic wage streaming into their bank accounts. Additionally, 78% believe that no-cost access to on-demand pay would enhance their loyalty to employers. These findings underscore the importance of on-demand pay as a key differentiator in attracting talent in a competitive job market.

Ceridian (NYSE: CDAY) announced that its on-demand pay solution, Dayforce Wallet, has been recognized by Aite-Novarica Group at the 2021 Digital Wallet Impact Innovation Awards. This recognition acknowledges innovations in financial services technology. Dayforce Wallet allows employees to access their earned net pay when they need it, enhancing their financial wellness and helping organizations attract talent. Over 600 customers across Canada and the United States currently offer this service, making it a competitive advantage in the evolving workplace.