SOURCE: SelectMinds, Inc.

July 18, 2007 08:30 ET

SelectMinds Releases WomenConnect™ Corporate Social Networking Solution

Solution Increases Connectivity Among Current and Former Women Employees to Help Companies Better Engage, Mentor, Recruit and Retain This Critical Workforce Segment

NEW YORK, NY--(Marketwire - July 18, 2007) - SelectMinds, Inc., the leading provider of Corporate Social Networking (CSN) solutions, today announced the launch of WomenConnect™, a CSN solution designed specifically to network current and former women employees. CSNs are online, affinity-based social networks through which relationships can be leveraged for business value.

WomenConnect™ centralizes women's initiatives and provides a secure, online community for women to share and solve work-life challenges. The solution also enables women employees and alumnae to learn about networking events, find mentors, discuss career advancement, learn about flexible job opportunities, and help understand how to return to the workforce if they have left. WomenConnect™ incorporates Web 2.0 functionality and streamlines women's programs across the enterprise onto a single technology platform.

"The recruitment, retention and advancement of women at JPMorgan is a key priority and strategic business driver for our organization, with executive level support," said Alice Wang, managing director, JPMorgan. "What started as a home grown, grassroots effort is now an enterprise-wide initiative that is built into the fabric of our company. Our program centers around building powerful connections among and between women throughout JPMorgan in an effort to foster increased knowledge sharing, education and empowerment."

"In today's war for talent, organizations need creative ways to engage, recruit and retain employees, particularly women, as more and more off-ramp and then decide not to return after a leave of absence," said Anne Berkowitch, CEO, SelectMinds. "With WomenConnect™, we are delivering the industry's first solution to help organizations build a powerful Corporate Social Network of current and former women employees. The result is a well connected and engaged network, resulting in the retention and re-recruitment of women and generating good-will among this important constituency."

SelectMinds WomenConnect™ Solution Highlights:

--  Comprehensive Services: From research to help understand women's
    attitudes within an organization, to best practices in designing a program
    with measurable goals, SelectMinds consultants configure the solution to
    meet an organization's unique needs, while also providing user support.
    
--  Women's Forums: Forums provide a secure environment for women to share
    ideas, discuss challenges, and learn from each other, while they connect
    over common experiences and expand their networks.
    
--  Comprehensive Profiles:  WomenConnect(TM) features expanded
    functionality to build comprehensive profiles that link and network women
    according to personal or professional interests and skills and/or similar
    work-life stages, allowing women to effectively build and expand their
    networks.
    
--  Philanthropy/Volunteer and Alternative Career Networks:  With
    WomenConnect(TM), organizations can highlight career resources and
    opportunities for flex time, project work, and telecommuting for women.
    Volunteer opportunities and other philanthropic efforts of interest to
    women can also be showcased within the solution.
    
--  Women's Events Functionality:  With SelectMinds event functionality,
    administrators can manage online and offline women's events from beginning
    to end, from sending out invitations and tracking RSVPs to downloading
    event reports and sending follow-up messages and surveys.
    
--  Analytics: WomenConnect(TM); informs companies about its population of
    women employees and alumnae. Targeted searches, site activity, surveys and
    polls provide insight into program achievements or the need to tweak
    processes for higher returns. SelectMinds consultants can measure hard
    results -- from creating a pre-launch baseline to analyzing organizational
    dynamics and results -- and create a strategic plan for success.
    

Availability

SelectMinds solutions are available on demand, delivered via the Internet as software as a service (SaaS). SelectMinds WomenConnect™ is available immediately. For more information, please visit www.selectminds.com/connect.

About SelectMinds

SelectMinds is the leading global provider of secure, on demand, Corporate Social Networking solutions. Using the power of Web 2.0, SelectMinds helps organizations build connections among and between groups of employees, women, alumni, retirees, and other constituencies. These powerful connections drive increased knowledge sharing and collaboration, enable strategic talent sourcing, and foster employee development and retention. The result is a higher performing organization with the ability to innovate quickly, increase productivity and hire and retain key talent. SelectMinds clients include more than 60 leading organizations including JP Morgan Chase, Ernst & Young, Lockheed Martin, BearingPoint, Latham & Watkins, Schlumberger and Deloitte. For more information, visit www.selectminds.com.

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