Taleo Delivers First Unified Recruiting and Performance
Management Solution
Increases Employee Engagement and Retention for Higher
Workforce Productivity
DUBLIN, Calif., Feb. 6, 2008 (PRIME NEWSWIRE) -- Taleo Corporation (Nasdaq:TLEO) today announced the general availability of Taleo Performance, a breakthrough solution that allows companies to significantly increase their employee engagement and better align their workforce with corporate objectives resulting in much higher retention and workforce productivity.
Taleo Performance combines goals management, performance reviews, succession planning and career management with the industry's most reliable and scalable on demand talent management platform, which also powers Taleo's industry leading recruiting solution, Taleo Enterprise Edition. Companies can leverage this unified talent management platform to obtain a complete picture of their employee workforce, including skills prior to hire, current expertise, job performance and career aspirations. This data helps companies gain better visibility into internal talent, develop sophisticated position success profiles for more targeted sourcing, better align recruiting and internal advancement with corporate objectives, and develop career plans to increase retention and address succession.
First announced in September, 2007, Taleo Performance has been hailed by industry analysts and customers as an innovative solution that will be readily adopted based on its engaging interface and positive impact on a company's bottom line. It has already helped early adopters more easily share and align organizational goals across the company to achieve significant results.
"Taleo Performance really delivered on their 'ease-of-use' promise," said Bobby Scott, Global HRMS Process Lead, Freeport McMoRan, one of the world's largest copper miners. "Our company has a workforce of people in the field, and complex systems are not an option. With Taleo Performance, we now have a solution that supports our process of aligning goals and initiatives from leadership through operations, and it supports our process of talent development using key competencies."
The solution offers a new level of insight into a company's talent to help make smarter business decisions. "Taleo is taking a unique approach to talent management by focusing on a superior user experience and real business impact, rather than just process automation," said Lisa Rowan, program director, HR and Talent Management Services, IDC.
Taleo Performance offers some of the most advanced functionality in the marketplace today including an intuitive user interface making it approachable and accessible for managers and employees alike. It seamlessly blends into everyday routines through unique features such as Taleo Inbox, which allows users to provide performance or goal feedback, approvals, and updates right from within Microsoft Outlook. It also features unique "Performance Cards" that provide managers a single view of all critical career and performance data related to an employee. Social networking and collaboration tools allow employees to easily build and share networking contacts, collaborate on performance reviews and other job related tasks.
"Businesses today want talent management solutions that drive employee engagement and bottom line results and they want solutions that will be proactively adopted by their employees, and work well with their current HR systems," said Michael Gregoire, CEO, Taleo. "Taleo Performance is redefining what a talent management application should offer. It is incredibly simple to use yet contains very powerful tools which together result in higher employee engagement and retention, and a happier, more productive workforce."
Availability
Performance Management, Goals Management and Succession Planning are available immediately. Career Management will be generally available in April 2008. For more information, visit www.taleo.com.
About Taleo
Taleo (Nasdaq:TLEO) is the leader in on demand unified talent management solutions that empower organizations of all sizes, around the world to assess, acquire, develop and align their workforce for improved business performance. More than 1,500 organizations use Taleo, including 37 of the Fortune 100, for talent acquisition and performance management, with over 1 million users hiring 3.2 million employees from 78 million candidates in more than 190 countries and territories. Known for its strong configurability and usability, Taleo's talent management platform runs on a world-class infrastructure and offers 99.9% availability.
Forward-looking Statements
This release contains forward-looking statements, including statements regarding the demand for Taleo's solutions, results from use of Taleo's solutions and general business conditions. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. Further information on potential factors that could affect actual results is included in Part I, Item 1A of Taleo's Annual Report on Form 10-K, as filed with the SEC on March 16, 2007, in Part II, Item 1A of Taleo Quarterly Report on Form 10-Q, as filed with the SEC on November 9, 2007, and in other reports filed by Taleo with the SEC.