SOURCE: Taleo Corporation

Taleo Corporation

February 08, 2010 06:00 ET

Taleo Powers More Than 200 Million Online Job Applicants

Milestone Highlights Increased Adoption of User-Friendly Job Search Software Implemented by More Than 4,000 Businesses Worldwide

DUBLIN, CA--(Marketwire - February 8, 2010) - Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced that 200 million candidates have applied to jobs via corporate career sites powered by Taleo's online recruitment solutions. In fact, nearly 30% of those applicants -- tracked since Taleo pioneered the online recruiting market in 1999 -- have applied through Taleo in the past 12 months. This is a testament to the easy and popular entry point for today's job search -- researching and finding relevant career matches online. The Taleo Talent Exchange will further harness this ever-growing community of talent by allowing job seekers and companies to more easily connect through an online candidate marketplace.

This surge in online job seekers is not just the result of laid-off workers looking for new jobs, although the economic crisis of 2009 is certainly a large factor. Rock-bottom employee engagement levels are causing an increasing number of workers to pursue new career opportunities. In fact, roughly 40% of the 131 million jobs in the US were turned-over last year, but half of that number was from workers choosing to leave their jobs voluntarily.

Today, candidates around the globe are using Taleo on social networking sites, company career sites and job boards for a more simple and global job search. Over 2 million jobs have been posted through Taleo in the past year and this number should increase as the economy and job market continue to recover.

Lauded in Gartner's November 2009 "Magic Quadrant for E-Recruitment Software" report as a leader in online recruiting, Taleo is used by approximately half of the Fortune 100 and over 4,200 organizations of all sizes worldwide. Companies across all sectors, from large enterprises such as Hyatt, Dominos, Whirlpool, Royal Caribbean, Panasonic and Best Buy to mid-sized organizations like MTV and Tesla Motors, are using Taleo to get a unified view of their talent pool, optimize their recruiting processes and extend their employment brand. By aligning talent initiatives to overall business goals, these organizations have been able to improve performance and have a tangible impact on the bottom line.

"In today's increasingly digital world, people are accustomed to having instant access to information, whether it is checking account balances, booking travel or applying for a job. Job seekers and companies alike are turning to Taleo to find the right job or the right candidate in this market," said Michael Gregoire, Chairman and CEO of Taleo. "And our unique Talent Exchange online community has the potential to further this by connecting millions of applicants with thousands of jobs each quarter."

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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 4,200 organizations use Taleo for talent acquisition, performance and compensation management, including 46 of the Fortune 100 and over 3,500 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, 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/A, as filed with the SEC on November 4, 2009, and in other reports filed by Taleo with the SEC.

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