MARLBOROUGH, MA--(Marketwire - August 27, 2009) -
Workscape, Inc., a leading provider of
integrated HR solutions and services, today shared news of its successful
first half of 2009, which included new product enhancements, corporate
milestones and notable sales activity.
Now in its 10th year, Workscape is unique in its ability to combine
compensation and performance management solutions with benefits
administration services, resulting in a more holistic approach to goal
alignment, cost reduction and total rewards.
"During the first half of 2009, Workscape has continued to strengthen our
partnerships with valued clients as well as add new organizations to our
client portfolio. We credit this success to the dedication and knowledge of
our team, as well as our ability to provide compelling solutions that are
truly helping clients to improve both employee performance and financial
performance," stated Tim Clifford, president and CEO of Workscape.
Unveiling New Products, New Clients & New Initiatives
Comprised of the world's leading compensation planning solution, as well as
employee performance management, Workscape's talent management portfolio
continues to build upon its success and is currently deployed in 180
countries with support for 48 currencies and more than 40 languages.
Workscape also continued the aggressive expansion of its talent management
offerings in the first half of 2009 by introducing Compensation Planner -
Off-Cycle, an application that enables organizations to transform
compensation planning from a focal-only to a year-round activity. As a
result, companies can respond more quickly and more appropriately to
fluctuations in market conditions or business demands. When combined with
Workscape's existing Performance Manager offering -- as well as Group
Manager (for viewing and managing multiple hierarchies) and SmartSync (for
reconciling data stored in ERP systems and data in HR systems) -- Workscape
can transform the compensation planning, compensation management and
performance management processes into opportunities for increased cost
savings and improved employee productivity for organizations of any size.
OBA Enterprise, the next-generation of Workscape's proven, award-winning
outsourced benefits administration platform, was also released in 2009. OBA
Enterprise delivers greater integration of decision-support tools,
health-risk assessments and flexible spending accounts, as well as a
dramatically enhanced user interface, designed to simplify the online
enrollment process for employees, drive the behaviors and outcomes that
will generate cost reductions for employers and deliver real-time analysis
and reporting on key enrollment metrics. OBA Enterprise received high marks
from industry analysts and prospects alike and is already in implementation
by several companies. Furthermore, the introduction of OBA Enterprise now
brings the company's benefits offerings onto a common technology platform
with the company's talent management solutions, enabling clients to move
toward a true 'total rewards'-based approach with their employees.
Workscape's ability to drive impressive new business results during the
first half of 2009 resulted in the signing of a variety of new clients to
multi-year contracts, including:
-- Eastern Bank, the largest independent, mutually owned bank in New
England, which selected Workscape to meet both their compensation planning
and benefits administration needs;
-- Temple-Inland, a leader in corrugated packaging and building products,
selected Workscape for their outsourced benefits administration needs;
-- Guardian Life Insurance, one of the largest and oldest mutual life
insurance companies in the United States, also selected Workscape's
benefits administration services and;
-- A global provider of business and information services will begin
using Workscape Compensation Planner.
Many of Workscape's existing customers also renewed or expanded their
multi-year subscription agreements during this timeframe, including Steve
Kennedy, Vice President and Manager of Corporate Compensation
Administration for Union Bank, who stated: "Union Bank is very pleased to
continue our longstanding partnership with Workscape."
Other representative companies that expanded their relationships with
Workscape this year include:
-- First Data, the world's largest provider of merchant processing
services, extended the use of Workscape's off-cycle compensation planning
solution;
-- Swift Transportation, a leader in transportation services, is now
leveraging Workscape for both compensation and benefits administration
activities;
-- the small-package shipping unit of a company with a portfolio of
transportation, e-commerce and business services renewed their contract for
Workscape's benefits administration services and;
-- one of the nation's premier new home builders also extended their
utilization of Workscape Compensation Planner.
Awards, Alliances & Certifications Benefit Workscape's Clients
In February, Workscape announced a strategic alliance with Milliman, Inc.,
one of the world's largest independent actuarial and consulting firms. The
alliance extends Workscape's health & welfare technology and service
offerings with Milliman's defined benefit and defined contribution services
(DB/DC) to the market, as well as respective clients. The addition of
Milliman's services means Workscape now can help to meet the DB/DC needs of
a client's active workforce and retirees.
In April 2009, it was announced that Workscape also achieved a "very high
degree of compliance" with the ISO 27002 standard, according to
SystemExperts Corporation, the premier provider of IT compliance and
network security consulting services. Workscape's compliance with ISO 27002
demonstrates the company's unflagging commitment to maintaining thorough
system security standards.
Most recently, the Workscape Compensation Planner solution helped the
company to earn top scores and 'Hot Vendor' rating in The Ventana Research
Value Index for Total Compensation Management. Among the ranked vendors,
Workscape topped the product usability, product reliability and product
manageability categories.
Ten Years of Innovation and Commitment
Clifford concluded, "During the past 10 years, Workscape has remained
focused on providing comprehensive employee-centric solutions and services
that are designed to meet the distinct requirements of organizations of all
sizes and business sectors. As we enter into our second decade, we will
continue to look for innovative ways to respond to the constantly-evolving
HR challenges faced by our clients."
About Workscape
Workscape is unique in its ability and demonstrated domain expertise in
addressing the talent management, benefits administration and employee
communication challenges of hundreds of organizations and millions of
workers across the country and across the globe. For the past decade,
Workscape has been delivering Web-based software and services that are
proven to help organizations reduce healthcare costs, improve adherence to
compensation budgets and ensure alignment between employee activities and
corporate goals. As a result, our employee-centric approach has
consistently helped organizations to achieve the highest return on their
greatest workforce expenditures: healthcare benefits and employee
compensation. For more information about Workscape, visit
www.workscape.com
or call 888-605-9620.