SOURCE: Taleo Corporation

July 15, 2010 05:00 ET

Taleo Launches Talent Intelligence for Small and Medium Businesses

Taleo Business Edition Insight™ Powers "Talent Intelligence" to Leverage Your Valued People Resources

DUBLIN, CA--(Marketwire - July 15, 2010) -  Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced Taleo Business Edition Insight™, an analytics solution to provide executives with visibility into their workforces to proactively manage their business. With Taleo Insight, companies can now get a real-time look at the people resources they have -- and determine the ones that they need -- to drive business initiatives such as geographic expansion, new product introduction, improving customer satisfaction, and harnessing innovation for growth.

Most companies have transactional information on their staff such as title, salary and benefits. However, the majority lack a centralized view of their best and high potential performers, their "flight risks" and their areas for exposure in hiring, managing, developing and compensating their teams. This kind of "Talent Intelligence" is often the difference in a volatile global economy between growth and failure. In fact, a recent study by Taleo Research found that nearly all companies surveyed require greater insight on their people assets, but less than 25% have the tools to gain such insights today.

Taleo Business Edition Insight is available today for companies with up to 5,000 employees; it is the latest addition to Taleo's Talent Intelligence value proposition for companies of all sizes.

About Taleo Insight
Taleo's Insight provides a single view into all aspects of the company's workforce including past experience, current performance and career development plans and aspirations. It is designed specifically to address ease of use, cost and configurability, all of which are crucial to small and mid-sized organizations. Taleo Insight embeds analytics functionality across Taleo's on-demand product suite, including: Taleo Recruit™, Taleo Perform™, Taleo Onboard™, and Taleo Compensation™, enabling businesses to create a richer profile of workforce talent, and then make decisions based on that view. With more than 40 pre-configured reports, Taleo Insight helps answer today's most crucial business questions such as:

  • What is the flight risk of our top performers?
  • Are we hiring the right people?
  • Does our compensation strategy work?
  • Are we meeting compliance requirements?
  • Is our work driving the right impact?

"This is the first time SMBs have had access to such insightful and cost effective analytics. Those who've tried previously have needed a heavy investment in IT resources and consulting," said Michael Gregoire, Chairman and CEO of Taleo. "This solution highlights the power of our open standards-based cloud delivery platform to embed powerful analytics into our solutions."

"The key to rebuilding our economy is using tools like Taleo Insight to help us understand the logistics of talent. The key to any substantial recovery is a good inventory. From there, you can figure out what's possible. Without it, you're just guessing," said John Sumser, CEO, HR Examiner. "Anyone can talk in general terms about talent shortages. Without easy to use tools to understand what you have and how to deploy, it's just smoke."

Taleo Insight is available now.

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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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