DUBLIN, CA, Jun 24 (MARKET WIRE) --
Taleo Corporation (NASDAQ: TLEO), the leading provider of on demand
talent management solutions, today announced the results of a study
sponsored by Taleo Research and conducted by Harris Interactive(R). For
companies that have expended significant corporate investment in the
recruitment of recent college graduates, the findings reveal why
organizations need to now turn their efforts toward retention of this
entry-level talent.
The survey asked 2,045 adults ages 18 and older, of whom 888 are college
graduates, a series of questions pertaining to their first jobs and first
employers. Respondents answered questions concerning the number of years
worked for their first employer, feelings their first job inspired as well
as the career advancement opportunities it offered. Significant findings
include:
Of college graduates who got a job out of college:
-- 43% of adults who got a job after graduating college stayed in this job
less than two years.(1)
-- 41% of those who are no longer with their first employer out of college
spent less than two years with their first employer.(2)
-- 61% of those who are no longer with their first employer said their
first employer did not provide a clear path for career advancement
within the organization.
-- When describing how their first job made them feel, 13% said they
couldn't wait for Friday to arrive, 10% wanted to quit every day and 8%
felt it was a waste of their time.
- 19% of 18-34 year olds wanted to quit their first job every day,
compared to 3% of those 55 years old and over
"Initiatives such as college graduate recruiting cannot be considered
final with the simple sign of an offer letter," said Judy Sweeney, Vice
President and Head of Taleo Research. "The challenge for organizations
lies in retaining these employees through better performance management,
skills development and career planning. These younger recruits will be
motivated, engaged and remain committed to the organization long term if
they are challenged, given continuous feedback and are provided with a
clear path for career advancement. An effective, easy-to-use talent
management solution from an industry leader such as Taleo helps companies
meet these demands and gain a leg up on the competition."
Taleo recently announced the availability of Taleo Performance(TM), which
can help organizations better inspire, motivate and reward employees. For
more information, visit www.taleo.com
About Taleo
Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management
solutions that empower organizations of all sizes, around the world to
assess, acquire, develop and align their workforce for improved business
performance. More than 1,700 organizations use Taleo, including 35 of the
Fortune 100, for talent acquisition and performance management, with over
1.2 million users hiring 3.6 million employees from 86 million candidates
in more than 190 countries and territories. Known for its strong
configurability and usability, Taleo's talent management platform runs on
a world-class infrastructure and offers 99.9% availability.
Survey Methodology
This First Jobs survey was conducted online within the United States by
Harris Interactive on behalf of Taleo Corporation between May 16 and May
20, 2008 among 2,045 adults ages 18+, of whom, 888 are college graduates
and 843 are college graduates who got a job out of college.
Results were weighted as needed on the basis of region, age within gender,
education, household income, and race/ethnicity. Propensity score
weighting was also used to adjust for respondents' propensity to be
online.
All sample surveys and polls, whether or not they use probability
sampling, are subject to multiple sources of error which are most often
not possible to quantify or estimate, including sampling error, coverage
error, error associated with nonresponse, error associated with question
wording and response options, and post-survey weighting and adjustments.
Therefore, Harris Interactive avoids the words "margin of error" as they
are misleading. All that can be calculated are different possible sampling
errors with different probabilities for pure, unweighted, random samples
with 100% response rates. These are only theoretical because no published
polls come close to this ideal.
Respondents for this survey were selected from among those who have agreed
to participate in Harris Interactive surveys. The data have been weighted
to reflect the composition of the U.S. adult population. Because the
sample is based on those who agreed to be invited to participate in the
Harris Interactive online research panel, no estimates of theoretical
sampling error can be calculated.
About Harris Interactive
Harris Interactive is a global leader in custom market research. With a
long and rich history in multimodal research that is powered by our
science and technology, we assist clients in achieving business results.
Harris Interactive serves clients globally through our North American,
European and Asian offices and a network of independent market research
firms. For more information, please visit www.harrisinteractive.com.
Forward-looking Statements
This release contains forward-looking statements, including statements
regarding the demand for Taleo's solutions and results from use of Taleo's
solutions. 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 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 May 12, 2008, and in other reports filed by Taleo with the SEC.
(1) Position is defined as job role, or title, within an organization. For
example, one can hold several positions within the same company before
leaving the company.
(2) Employer defined as company.
Media Contact:
Nicole Pack
Horn Group
415.905.4035
npack@horngroup.com
Investor Relations Contact:
Carolyn Bass
Market Street Partners
415.445.3232
carolyn@marketstreetpartners.com
Copyright 2008, Market Wire, All rights reserved.
-0-
