Employee elections
Give eligible employees a clear way to review program information and create, change, or stop a payroll deduction election. Define effective dates, acknowledgements, and exception ownership for the proposed deployment.
PHI HCM • THE STANDARD FOR MODERN HCM
Phi HCM module
Turn every paycheck into an opportunity to invest with purpose.
Phi HCM Investment helps eligible employees direct configured payroll deductions toward a connected investment account, bringing contribution elections, payroll handoffs, account status, and reconciliation into one clear experience. Investment products, trade execution, custody, and advice remain the responsibility of an approved brokerage or other regulated provider.
Request an Investment demoWhat Investment helps you do
- A clear employee experience for contribution elections
- Payroll-connected deductions with effective-date controls
- Defined handoffs to approved investment-account providers
- Contribution status, exception review, and reconciliation
What to evaluate
Choose the capability that fits the way you work.
- Which employees, pay types, contribution rules, and effective dates are eligible?
- Which regulated provider opens accounts, holds assets, and executes investment transactions?
- How are rejected contributions, payroll corrections, and account exceptions resolved?
- Which disclosures, agreements, and jurisdictional requirements apply to the program?
Capabilities and service scope
Design a transparent payroll-connected investment program.
Bring the proposed workforce eligibility, payroll rules, provider arrangement, employee communications, and reconciliation requirements to the scope conversation. Confirm availability and regulated-provider responsibilities before describing the program to employees.
Payroll coordination
Connect approved contribution elections to the correct pay cycle and deduction rules. Review limits, corrections, reversals, insufficient net pay, and payroll approval before a provider handoff is released.
Provider handoff and reconciliation
Track whether the contracted receiving provider accepted or rejected the contribution record. Reconcile payroll totals, transmitted amounts, account exceptions, and confirmed provider results for the same period.
Brokerage, custody, investment products, and advice require a regulated provider.
Phi HCM supports the workforce election, payroll-data, handoff, status, and reconciliation workflow described for the selected deployment. Phi HCM is not presented as a broker-dealer, custodian, or investment adviser and does not promise investment availability or returns. Account opening, asset custody, trade execution, eligible investments, disclosures, suitability or advice, settlement, and regulatory obligations must be provided and validated by the appropriately licensed or regulated parties under separate agreements.
Explore the workflow
Follow an employee contribution from election to investment account.
Payroll-connected investing succeeds when the employee election, payroll deduction, receiving account, regulated provider, and reconciliation record all agree. Use fictional records to evaluate the complete handoff without exposing employee financial information.
01
Confirm eligibility and the employee election
Identify the eligible workforce group, contribution method, effective date, permitted change window, and required disclosures. Review how the employee starts, changes, or stops an election and who resolves an incomplete account setup.
02
Create and review the payroll deduction
Trace the approved election to the intended deduction for the correct pay period. Confirm calculation rules, limits, insufficient-pay handling, reversals, payroll approval, and the record the employee can review.
03
Reconcile the provider handoff
Compare the approved payroll amount with the file or API response accepted by the contracted brokerage, custodian, or program provider. Review rejected contributions, account-status exceptions, corrections, settlement timing, and ownership of the final reconciliation.
Designed to work together
Investment is stronger in context.
Review Investment alongside Payroll, Core HCM, Finance, and reporting. Confirm the contribution rules, provider responsibilities, data flow, reconciliation process, and employee disclosures for your proposed program.
Questions about Investment
Understand the software and the scope.
What is payroll deduction investment software?
Payroll deduction investment software helps coordinate an employee contribution election with a payroll deduction and a defined handoff to an investment-account provider. The employer, payroll team, and regulated provider must agree eligibility, contribution rules, account requirements, corrections, disclosures, and reconciliation before launch.
Can employees buy stocks through the Investment module?
The employee experience can connect payroll contributions with an approved investment account. The contracted brokerage, custodian, or program provider—not the HCM record alone—determines which investments are available, opens and maintains the account, executes transactions, holds assets, and supplies required disclosures. Confirm the exact supported provider and investment menu for your proposed deployment.
Are contributions pre-tax or after-tax?
Do not assume a tax treatment from the module name. Contribution treatment depends on the specific program, governing documents, payroll configuration, jurisdiction, and responsible tax and legal review. The proposed deduction code, limits, reporting, and employee communication must be validated before production use.
How does the Investment module connect to payroll?
An approved election creates a payroll deduction requirement for an agreed effective pay period. The implementation should define calculation rules, limits, approvals, corrections, the receiving provider, transmission method, acknowledgment, funding responsibility, and reconciliation owner. Selecting both modules does not activate a provider connection automatically.
Does Phi HCM provide investment advice or guarantee returns?
No. The software workflow does not recommend investments or guarantee performance. Any investment advice, product selection, brokerage, custody, trade execution, or regulated service must come from the appropriately authorized provider and be separately disclosed and contracted.
What data should be used in an Investment demonstration?
Use synthetic employee, payroll, account-status, and contribution records. Do not enter Social Security numbers, bank or brokerage account numbers, credentials, tax forms, portfolio holdings, or other real financial information in the public demo form.
Build your HCM scope
See how this module fits your workforce.
Review product availability, configuration, licensing, and connected services for your proposed deployment in a focused demonstration.