Taleo Onboarding Gains Market Momentum as a Cost-Savings Solution
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DUBLIN, CA, Mar 24 (MARKET WIRE) --
Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand
talent management solutions, today announced increased market adoption of
its onboarding solution, Taleo Onboarding(TM). Available since 2006, more
than 125 organizations have selected Taleo Onboarding to dramatically cut
costs, improve the new hire experience and turn promising candidates into
productive employees in record time.
According to the Aberdeen Group's recent research paper, "Fully On-Board:
Getting the Most from Your Talent in the First Year," onboarding is poised
to make significant strategic gains in 2009. With layoffs, mergers,
downsizing and increased competition wreaking havoc on the economy, many
organizations are looking for ways to do more with less. In spite of
increasing layoffs, hiring has not stopped for most companies,
particularly those in industries such as retail, which has anywhere from
50% to 100% annual turnover. Streamlining the process of bringing new
employees into a company -- within company guidelines and government
regulations -- makes onboarding an even more critical component of any
talent management strategy. In fact, 50% of Aberdeen's survey respondents
stated that the economy will increase the importance of onboarding in
their organization in 2009.
Taleo customers have shown a surge of interest in onboarding consistent
with Aberdeen's research, which found that the percentage of organizations
with a formal onboarding process has grown from 62% to 68% over the past
year.
Taleo Onboarding creates, stores, and manages all onboarding forms
electronically to increase compliance and reduce paperwork. Taleo's
customers have experienced real cost savings and environmental impact.
For
example:
-- Rockwell Collins, a pioneer in the development and deployment of
innovative communication and aviation electronics solutions for both
commercial and government applications, has saved approximately $200,000 in
shipping fees alone by using Taleo Onboarding.
-- Organizations like El Paso Corporation, owner of North America's
largest interstate natural gas pipeline system and one of North America's
largest independent natural gas producers, have reported savings ranging
from $15 to $100 per employee by using onboarding technology.
More than just cost savings, customers are also experiencing
productivity gains that help improve the bottom line.
"The ability for new employees to accurately and quickly complete all
required forms is key to both employer compliance and early employee
engagement," said Kevin Martin, Vice President & Principal Analyst, Human
Capital Management, Aberdeen. "Getting the paperwork out of the way helps
new hires concentrate on the job at-hand, get up to speed quickly, and be
productive."
"Taleo customers are finding that moving the normally paper-intensive I-9
processing online not only ensures that forms are completed in a timely
manner, but that records are easily accessible as needed. And U.S. federal
contractors can now automatically initiate the E-Verify program, making
their onboarding process easier than ever," said Karl Ederle, Vice
President of Product Management for Taleo.
About Taleo
Taleo (NASDAQ: TLEO) is the leader in on-demand unified talent management
solutions that empower organizations of all sizes to assess, acquire,
develop and align their workforces for improved business performance. More
than 3,900 organizations use Taleo for talent acquisition and performance
management, including 48 of the Fortune 100 and over 3,300 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 release contains forward-looking statements, including statements
regarding the demand for and 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
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
Copyright 2009, Market Wire, All rights reserved.
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