SOURCE: Taleo Corporation

July 15, 2010 05:00 ET

Taleo Announces Evolution of Talent Management

Talent Intelligence Helps Businesses Fuel Growth by Improving Their Insight Into Their Workforces

DUBLIN, CA--(Marketwire - July 15, 2010) -  Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced a talent management framework designed to help businesses fuel growth by improving their insight into the strengths, weaknesses and potential of their current workforces.

Taleo sees Talent Intelligence as the next era of Talent Management that will give companies an advantage which is otherwise unavailable in the market today by delivering insight on: internal staff, best practice experiences and industry-level benchmarks.

Taleo's Talent Intelligence approach is unique for three reasons. First, Taleo has embedded analytics across the entire product suite, making every talent management interaction smarter. Secondly, the Taleo Cloud based platform automatically gathers information at each stage in the talent process, from recruiting through performance, learning, development and compensation. Taleo has the largest database of applicant information, powering over 200 million talent profiles for our customers. This provides a unique competitive advantage with information on comparative talent analytics around recruiting trends, performance indicators, and job competitiveness.

Finally, the Taleo Talent Grid provides instant access to the world's largest talent management ecosystem including over 4,800 customers, 200 million candidates and 100 partner solutions in 218 countries, so that our customers can interact in meaningful ways to gather necessary information to drive growth.

Taleo's strategy aims to close the "talent intelligence gap" identified by more than 75% of companies who do not have access to the information they need on their people to inform business decisions.

"It's a staggering reality that most companies know more about their laptops and copiers than they do about their people," said Mike Gregoire, Chairman and CEO of Taleo. "That's a woefully outdated strategy. CEOs need to think completely differently about their workforce. It's not just about using new tools -- it's about gaining a deep understanding of your people -- knowing them as well or better as you know all of your business assets. It is the only way to truly grow and succeed coming out of this recession."

CEOs all too often turn to their star employees -- the 20% who drive 80% of the results -- to help them stabilize and grow. "This kind of outdated thinking is not sustainable and is risky due to churn," Gregoire said. "Employee loyalty is becoming a thing of the past, as companies are reinventing and looking to create new growth opportunities, their top people are too." According to the Harvard Business Review, one of every three high potential employees is disengaged.

Current research suggests these issues are only going to worsen.

  • 25% of high-potential employees plan to leave their jobs in the next year (Corporate Executive Board, June 2010).
  • More than half of all people leaving jobs this year are leaving voluntarily (US Bureau of Labor Statistics).
  • 30% less manager level staff will be available by 2015 (Egon Zehnder, December 2009).
  • 40% of corporate board members are unsatisfied with succession plans (December 2009).

"We are in a recruiting renaissance, moving from the dark ages into a new era where we need to anticipate and respond quickly to business needs," said Bret Leech, Vice President, human resources, Rogers Communications. "We kept our commitment to recruiting during this difficult economy and made a decision to buckle our professional recruiters to the internal business partners who drive our workforce plan. By using analytics and talent intelligence to determine the needs of our business, we were able to marry our internal goals to the external community and build dynamic teams to fuel growth."

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About Taleo
Taleo's (NASDAQ: TLEO) cloud-based talent management platform unites products and an ecosystem to drive business performance through talent intelligence. More than 4,500 customers use Taleo for talent acquisition, performance and compensation management, including 49 of the Fortune 100. Further, Taleo's Talent Grid cloud community harnesses the expertise of Taleo customers and more than 200 million candidates, 100 partners and industry experts.

Forward-looking Statements
This release contains forward-looking statements, including statements regarding the demand for Taleo's solutions, 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 May 7, 2010, and in other reports filed by Taleo with the SEC.

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