SOURCE: Taleo Corporation

Taleo Corporation

September 16, 2009 06:00 ET

Taleo Announces Customer Innovation Award Winner

North Shore - Long Island Jewish Health System Tops the Field; Strategic Talent Management Initiative Drove $25 Million Operating Margin Improvement

LAS VEGAS, NV--(Marketwire - September 16, 2009) - TaleoWORLD -- Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced the winner of its 2009 Customer Innovation Award. The Taleo Innovation Award is designed to honor and recognize Taleo Enterprise customers that drive business performance through strategic talent management.

This year's winner, recognized at an awards luncheon at TaleoWORLD today, is North Shore - Long Island Jewish Health System. North Shore received top honors for creating a strategic, efficient and comprehensive talent management process that has helped the organization achieve a $25 million improvement in operating margin.

North Shore, headquartered in Great Neck, New York, is the third largest non-profit, secular health system in the U.S. It includes 15 hospitals, a major medical research institute and several long-term care facilities with 38,000 employees. North Shore's top leadership drove the change for the organization's talent management approach. They decided to look at the entire employee lifecycle, from hiring and career development to succession planning and then make small incremental changes. By taking this approach, North Shore was able to systematically and rapidly make overall improvements in talent management, company culture and business results, including:

-- Through better goal management and performance reviews, North Shore has seen an increase in employee engagement -- as high as 85% in some facilities

-- Centralizing talent acquisition and performance management processes has saved the company about $7.7 million

-- The turnover rate for new nurses has decreased from 65% to 13% due to better hiring, development and performance practices.

"Using Taleo's comprehensive enterprise talent management solution has allowed us to create and implement processes and procedures specific to our organization that help us achieve our overall business goals," said Joseph Cabral, SVP, Chief Human Resources Officer at North Shore. "By focusing on talent management, we have been able to save millions of dollars while maintaining our focus on providing top-notch customer care."

North Shore claimed this year's winning entry in a hotly-contested field of applicants representing multiple industries and addressing a myriad of talent management challenges. Applications were evaluated by an independent panel of HR leaders. This year's judging panel included Bill Kutik, Technology Columnist for Human Resource Executive magazine, and host of "The Bill Kutik Radio Show"; Jason Corsello, Vice President of the Knowledge Infusion Center of Excellence; and Alexia Martin, Director of Research and Analytics at CedarCrestone.

Also recognized at the Innovation Awards lunch were finalists DaVita, Inc. and El Paso Corporation. DaVita is a provider of dialysis services for those diagnosed with chronic kidney failure. Through their use of Taleo, DaVita has been able to reduce time-to-fill hiring by 29%, saving the company $12.1 million in potential overtime and contract nursing costs while filling over 6,400 RN positions in two years. El Paso manages North America's largest interstate natural gas pipeline system. They used Taleo's pre-screening capabilities to collect and store core competencies they wanted to drive throughout the organization. As a result, the company has been able to create cross-training and knowledge sharing programs, allowing them to identify additional uses for current resources while optimizing their talent.

"This year's Innovation Award winners represent organizations that put talent management at the front of their business agendas," said Michael Gregoire, Chairman and CEO of Taleo. "It's exciting to see how Taleo products support great strategy and continue to inspire better performance."

About Taleo

Taleo (NASDAQ: TLEO) is the leader in on demand unified talent management solutions that empower organizations of all sizes to better understand and engage their best talent for improved business performance. More than 4,100 organizations use Taleo for talent acquisition and performance management, including 46 of the Fortune 100 and over 3,400 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 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 II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on August 7, 2009, and in other reports filed by Taleo with the SEC.

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