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CERIDIAN HCM HOLDING INC.

(CDAY)
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Ceridian Pulse of Talent Report: Burnout Impacting Majority of U.S. Workforce

11/30/2021 | 07:01am EST

TORONTO and MINNEAPOLIS, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Ceridian (NYSE: CDAY; TSX: CDAY) today released results from its annual Pulse of Talent report, which showed the majority of American workers have struggled with burnout over the course of the pandemic. Meanwhile, one in four workers are actively seeking new jobs.

Ceridian’s 2022 Pulse of Talent Report was conducted by Hanover Research and surveyed 1,404 workers in companies with at least 100 employees. The report revealed:

  • 87% of surveyed U.S. workers have experienced burnout, with 44% reporting high or extreme levels
  • The top three catalysts for burnout among survey respondents were increased workloads, insufficient compensation, and mental health challenges
  • One quarter (24%) are currently seeking a new job, with another 36% saying they’d consider leaving for the right opportunity
  • Nearly half (46%) of those who reported looking for new employment said it was because they wanted better compensation, including higher salary and benefits, while another 33% seek more flexibility, such as remote work and flexible hours

“The relationship between employer and employee has fundamentally changed over the course of the pandemic, creating a reset in expectations as employee needs rapidly evolve,” said Steve Knox, VP of Global Talent Acquisition, Ceridian. “It comes down to the employee experience – from the way people get paid, to where, when, and how they work. The organizations that solve for these factors first will be the employers of choice moving forward.”

The report comes on the heels of the latest BLS JOLT survey, which saw quits reach another series high in September, with 4.4 million US workers quitting their jobs.

“In the current climate, retaining top talent is imperative. Employers need to focus on empowering their people by embedding value at every touch point. This means leveraging technology to deliver programs that support wellness, skill development, and the benefits that employees want and need most,” concluded Knox.

Dayforce, Ceridian’s flagship cloud HCM platform, is the always-on people platform for the global workforce. It delivers global compliance, workforce intelligence, and people empowerment in today’s increasingly borderless, fluid, skills-based, and augmented world of work. Dayforce Wallet, Ceridian's market-leading pay solution, enables employees to access their earned wages at any time, improving financial well-being.

Methodology: Hanover conducted the Pulse of Talent research study online from October 5th to 19th, 2021, among 1404 employed American respondents, aged 18+, at companies with at least 100 employees.

About Ceridian HCM Holding Inc.

Ceridian. Makes Work Life Better™

Ceridian is a global human capital management software company. Dayforce, our flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. Our platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Visit Ceridian.com or follow us @Ceridian

Media Contact

Rachel Kreuter

Rachel.kreuter@ceridian.com

647.707.7835


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Financials (USD)
Sales 2021 1 017 M - -
Net income 2021 -78,7 M - -
Net Debt 2021 744 M - -
P/E ratio 2021 -146x
Yield 2021 -
Capitalization 11 551 M 11 551 M -
EV / Sales 2021 12,1x
EV / Sales 2022 10,3x
Nbr of Employees 5 974
Free-Float -
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Number of Analysts 15
Last Close Price 76,33 $
Average target price 111,31 $
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Managers and Directors
David D. Ossip Chairman & Chief Executive Officer
Leagh E. Turner President & Chief Operating Officer
Noemie C. Heuland Chief Financial Officer & Executive Vice President
Joe Korngiebel Chief Product & Technology Officer, Executive VP
Brent Bannister Bickett Independent Director
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