Taleo Performance Management Gains Rapid Adoption
Customers Respond to Unified View of Organization-Wide Talent; Company Continues to Deliver New Capabilities in Second Major Product Release
CHICAGO, IL, Oct 15, 2008 (MARKET WIRE via COMTEX News Network) -- HR Technology Conference -- Taleo Corporation (NASDAQ: TLEO), the leader in on-demand talent management solutions, today announced significant momentum surrounding customer adoption and ongoing product development of Taleo Performance, its employee performance management software. Amidst a volatile economy, companies will need greater visibility into the performance, alignment, and engagement of key talent to help weather the current business challenges and lay a foundation for long term success.
First available for enterprises in February, Taleo Performance was quickly met with industry acclaim for its unique mix of an intuitive user interface, social networking and collaboration tools, user generated content and breadth of functionality which help drive employee adoption of the solution.
"Taleo is looking at the entire performance management process differently and has incorporated some design concepts unseen in the market today," said Jason Corsello, the Human Capitalist.
Throughout the course of the year, new and existing large enterprise customers across many industries -- from healthcare to mining to services firms -- have chosen Taleo Performance over existing market solutions for its unique combination of strong usability and leading enterprise platform. These include company-wide deployments at world-class organizations such as a leading provider of information technology and business services, which selected all four modules of Taleo Performance for its 80,000 employees in 50 countries; and a leading natural gas and electric utility provider in northern and central California, which purchased Taleo Recruiting in addition to all four performance modules for its 20,000 employees.
"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, director HR, learning and talent strategies research for IDC.
Designed to address career management, goal management, succession planning and performance management in an integrated, easy to use platform, Taleo Performance helps organizations gain strategic insight into talent across the entire organization and align that talent with business goals. In return, high performing employees are provided with a better view of development and advancement opportunities to increase employee engagement and retention.
"The rapid adoption -- and market interest -- for our performance management products is a testament to the fact that today's demanding global economy is driving forward thinking-organizations to more thoroughly engage and regularly assess their most valuable asset, its talent," Mike Gregoire, chairman and CEO of Taleo. "Our easy to use, intuitive platform will allow organizations to take an even more holistic view of talent, and make timely decisions to drive business success."
Today, at the largest industry conference for HR professionals, HR TECH, Taleo highlighted some of the most recent innovations added to its enterprise performance management system, Taleo Performance, and provided "sneak peek" demonstrations of its new small and medium sized business (SMB) performance offering that will ship in November:
-- The second major release of Taleo Performance, available immediately, includes:
-- The Succession Matrix: Streamlining Visibility to Talent. The Taleo
succession matrix allows HR administrators and managers to easily evaluate
the quality and readiness of succession candidates tied to key positions
throughout the organization. Candidates can be viewed graphically in a
configurable matrix across any number of data points such as performance,
potential, risk of loss, and years of service for more robust analysis and
decision support. Managers can also use the succession matrix to model
"what if" scenarios through simple drag and drop tools as well as for
ongoing "at a glance" evaluation of their team across any number of talent
metrics.
-- Review Calibration: Reduces "Rating Inflation." Quite often,
organizations are faced with 60 - 75% of the population being "above
average" according to the review ratings. The calibration process allows HR
to work with managers to see the distribution of review ratings and to then
adjust individual ratings accordingly, helping to keep rating inflation in
check. The Review Calibration feature helps organizations maintain better
control and auditability over performance data while increasing the
timeliness of review completion.
-- Team Management: Keeping Organizational Hierarchies Up-to-Date. The
most accurate account of reporting structure lies with line of business and
departmental managers, who often know of employee changes far in advance of
formal paperwork. The Team Management functionality provides self-service
tools for managers at multiple levels to define and maintain their teams.
This helps keep organizational data around new hires, transfers and
promotions accurate and up-to-date, leading to increased visibility and
accuracy throughout the organization.
-- For SMBs, Taleo showcased Taleo Business Edition Perform:
-- Taleo provided hands-on demonstrations of an upcoming version of
performance management created specifically for the needs of companies with
less than 3,000 employees. Taleo Business Edition Perform is an intuitive,
highly configurable solution that enables employees and their managers to
collaboratively create, customize and track their goals within personalized
employee intranet web sites.
About Taleo
Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empowers organizations of all sizes to assess, acquire, develop and align their workforce for improved business performance. More than 3,600 organizations use Taleo for talent acquisition and performance management, including 47 of the Fortune 500 and more than 2,900 small and medium sized businesses, across 200 countries and territories. Known for its strong configurability and usability, Taleo runs on a world-class infrastructure and offers 99.9% availability. Taleo's Talent Grid harnesses the resources of the Taleo community of customers, candidates, and partners to power the talent needs of companies around the world.
Forward-looking Statements
This press release contains forward-looking statements, including statements regarding the expected benefits and results from using Taleo's products and services. 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 release. 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 14, 2008, Part II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on August 11, 2008, and in other reports filed by Taleo with the SEC.
Media Contact: Jaime Spuhler Tel: 904.493.8851 E-mail: jspuhler@taleo.com
SOURCE: Taleo Corporation
mailto:jspuhler@taleo.com