Recruitsoft Launches Hiring Manager WebTop™ for Enterprise-Wide Recruitment and Talent Flow Management

Recruitsoft also selects Business Objects to provide intelligent Web-based software for reporting

San Francisco, CA – August 7, 2001 –

Recruitsoft, Inc., the leading provider of online talent hiring and optimization solutions for large corporations, announced today the introduction of Hiring Manager WebTop™ to complement the company's Recruiter WebTop™ solution. Hiring Manager WebTop focuses on the unique needs of hiring managers within Global 1000 corporations. With the introduction of Hiring Manager WebTop, Recruitsoft's solution enables the first enterprise-wide collaboration for recruiting and talent flow management.

"The hiring process has become increasingly self-service, and responsibilities are being driven to hiring managers," said Recruitsoft CEO Louis Tetu, "engendering a much more supply-chain approach to the business process of talent flow into and throughout the organization. Integral hiring and talent deployment tasks are increasingly handled by hiring managers in partnership with corporate recruiters. Hiring Manager WebTop is designed to increase the flow of communication and collaboration among hiring managers, recruiters, candidates and other human capital within Global 1000 companies. We are deploying Hiring Manager WebTop to hundreds of thousands of hiring managers within our leading market share of Global 1000 client organizations."

Hiring Manager WebTop works in tandem with Recruitsoft's Recruiter WebTop for global corporations. Recruiter WebTop™ provides a complete business application over the Internet that supports every aspect of corporate recruiting and talent flow processes, from requisition management, resume handling, skills-based profiling and email alerts about ACE candidates, to complete candidate communication and internal candidate skills matching and deployment. Recruiter WebTop uses a proprietary pre-screening methodology based on skills assessment, making it easier for candidates and recruiters alike to manage the entire recruiting process. Recruitsoft also facilitates the optimal flow of human capital throughout the organization, based on its proprietary, standard talent definition platform.

Developed and refined through focus groups comprised of hiring managers from Fortune 500 client companies, Hiring Manager WebTop increases the interaction and workflow among hiring managers and recruiters to facilitate a standardized talent flow process in real time. The resulting increase in the quality of hires, shortened time to hire and, importantly, reduced time to contribution positively impact retention and overall corporate performance. Hiring Manager WebTop provides hiring managers with an intuitive tool with "wizard-like" instructions for ease of use.

Michelle Kosal, director of human resources, St. John's Health System, participated in Recruitsoft's focus groups on the Hiring Manager WebTop during the development process. "I was extremely impressed not only with the development process itself, but with the knowledge that the Recruitsoft developers brought to the table regarding the way in which hiring managers and recruiters collaborate at large organizations such as St. John's," she said. "They were also very responsive to our needs, and open to innovation when we made suggestions."

Business Objects enhances reporting functionality
Recruitsoft has selected Business Objects to provide its clients with enhanced standard and ad-hoc reporting functionality. With this reporting tool, recruiters and hiring mangers are able to succinctly review the information they need to quickly identify and optimize talent throughout the organization. Business Objects is a leader in providing business intelligence solutions, working to enable organizations to access, analyze, and share information internally with employees and with external audiences in an effort to allow organizations to improve operational efficiency, build profitable customer relationships, and develop differentiated product offerings.

"Our decisions to develop the Hiring Manager WebTop and select Business Objects are intended to deliver long-term benefits to our clients," said Recruitsoft Founder and Chief Technology Officer Martin Ouellet. He added, "These new tools completely integrate with Recruitsoft's Recruiter WebTop and are currently being deployed to our global client base."

"Such enhancements are part of Recruitsoft's ongoing commitment to customer satisfaction," said Guy Gauvin, Recruitsoft VP, Services. Recruitsoft was recently recognized as having the best overall customer satisfaction by Hiring Management Solutions (HMS) users responding to an ERE Research survey. In the survey, Recruitsoft was named best in 20 of 22 categories, including ease of use and overall functionality, among HMS serving large corporations,. Recruitsoft's Recruiter WebTop™ solution has won industry recognition each year since its inception as having the greatest depth and breadth of functionality and ease of use. Among such recognitions are: "Best Hiring Management System (HMS)", HR.com, 2001; "Best Overall Customer Satisfaction", ERE Research, July 2001; "Top 100 B2B Internet Suppliers", VerticalZOOM™, October 2000; "ASP of Distinction",VARBusiness, September 2000; and "Top 10 HR Products of the Year", Human Resources Executive, November 1999.

About Recruitsoft
Recruitsoft powers enterprise-wide talent flow for leading companies across many industries. Among Recruitsoft clients are Hewlett Packard, Dow Chemical (NYSE: DOW), Agilent Technologies, United Airlines, American Airlines, Hasbro, Deloitte & Touche, Bombardier Aerospace and Transportation, MetLife, and Sutter Health. Among the benefits Recruiter WebTop brings to large organizations are faster time-to-hire, lower cost-per-hire, and ultimately, increased quality of hires. Recruitsoft is considered to be the best-practice ASP for recruitment management solutions, based on its proprietary ACE Recruiting™ methodology, designed in collaboration with large corporations to improve the corporate recruiting and internal talent matching and deployment processes through reengineering. Recruitsoft is a member of the HR-XML consortium.

About Business Objects
Business Objects is a leading provider of business intelligence (BI) solutions. Business intelligence lets organizations access, analyze, and share information internally with employees and externally with customers, suppliers, and partners. It helps organizations improve operational efficiency, build profitable customer relationships, and develop differentiated product offerings. The company's products include BusinessObjects 2000, the industry's leading integrated business intelligence toolset and platform; and BusinessObjects Analytics, an integrated suite of enterprise analytic applications. Business Objects has more than 13,500 customers in over 80 countries. The company's stock is publicly traded under the ticker symbols NASDAQ: BOBJ and Euronext Paris (Sicovam code 12074).

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