May 15, 2003

Desjardins Group Deploys Recruitsoft’s Enterprise Staffing Management Solution

Desjardins Group implements robust staffing management platform and solutions to attract new talent and retain top performers

Toronto – May 15, 2003

Desjardins Group (www.desjardins.com), the largest financial institution and the top private employer in the province of Quebec, and Recruitsoft, Inc., the leading provider of staffing management solutions for large organizations, announced today that Desjardins Group has successfully implemented the Recruitsoft Enterprise Staffing Management Solution.

“We aim to use staffing management to support our workforce planning as well as our hiring needs. We have selected and implemented Recruitsoft, with R&D headquarters in Quebec, because of the quality of its staffing management solutions,” stated Desjardins Senior Vice-President Human Resources and Operations Jacques Dignard. “For our recruiting staff, this will mean a major gain in productivity.” He added, “One of our primary goals is to promote ongoing careers at Desjardins and attract new talent that will benefit all Desjardins Group employers.”

“From now on, thanks to Recruitsoft’s technology, Desjardins Group will benefit from solutions that will facilitate and accelerate the hiring process with technology and processes that effectively pre-screen and optimally deploy candidates,” explained Jacques Couture, who managed the implementation at Desjardins Group. “Recruitsoft’s solutions not only allow us to significantly reduce the quantity of paper documents we have to process, but also to react more quickly to promising candidates, thereby significantly reducing the time it takes to fill open positions with higher quality candidates.”

Recruitsoft Chief Executive Officer Louis Tetu stated, “It is a genuine pleasure to work in partnership with Desjardins Group and contribute to their success with our enterprise staffing management solutions. Recruitsoft’s configurable workflow platform supports the many staffing topologies of leading organizations such as Desjardins Group by enabling best practices while preserving the specific needs and diversity of requirements of these large employers. We are confident that our staffing best practices and solutions will allow Desjardins Group to continue to nurture its favorable growth in all of its markets.”

By visiting the http://www.desjardins.com/careers Web page, jobseekers can learn more about Desjardins Group employers, working conditions and career opportunities. Candidates can also apply online and/or post their job profile to a permanent pool of candidates. With Recruitsoft’s job agent technology, candidates will also be able to receive notices inviting them to apply for positions that match their profiles.

Recruitsoft solutions support every aspect of the staffing supply chain, from requisition management, sourcing, resume management, searching and pre-screening to retention and career preference portals, enabling true e-headhunting, optimal staffing and mobility management. Recruitsoft Enterprise Staffing Solution helps large organizations to: find highly qualified candidates faster; better assign people to jobs; increase return on human assets; optimize the use of staffing resources; shorten the overall time to contribution; increase retention of the best and brightest contributors; manage the internal talent pool, enterprise-wide; and importantly, improve overall performance from the hired workforce, resulting in increased productivity.

About Desjardins Group
Desjardins Group is an integrated cooperative financial group. With over 5 million members and clients and overall assets of close to $90 billion as at December 31, 2002, it is the largest financial institution in Quebec and the sixth largest in Canada. It comprises a network of corporate financial centers in Quebec, and twenty subsidiary companies, many of which are active across the country. Having pioneered the integrated offer of products and services in Canada, Desjardins provides its members and clients, both individuals and businesses, with a full range of financial products and services. Desjardins’ physical distribution network, which is the most accessible in Quebec, is seconded by virtual access modes like www.desjardins.com, the most visited financial Web site in the province, and the third-most visited in Canada. Desjardins’ strength lies in the skill and commitment of more than 39,000 employees and 8,000 volunteer officers.

About Recruitsoft
Recruitsoft (www.recruitsoft.com) delivers services and technology to manage enterprise staffing, from internal mobility to external hiring. Recruitsoft solutions optimize the flow of talent throughout large and global organizations such as Honeywell, Hewlett-Packard, Dow Chemical, Alliance Atlantis, Sun Life, Thomson, Procter & Gamble, Canadian Tire, Industrial Alliance, Microcell Technologies, The Gillette Company, Deloitte & Touche, Bombardier, Hyatt Hotels and Toyota, among many others. Recruitsoft’s full-service offering includes the software, services and computing infrastructure to enable large corporations to rapidly improve staffing processes and generate significant ROI. Recruitsoft has received a number of accolades, recently including the industry’s leading staffing solution according to the HR.com and Talent Market Group’s 2003 Buyers Guide.

Press Contacts:
Krista Canfield
Tel: 415.905.4011
e-mail: kcanfield@horngroup.com


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