SOURCE: Taleo

September 14, 2010 06:00 ET

Taleo's Talent Grid Experiences Dramatic Growth

Taleo's Cloud Community Innovation Pays Off With Customers, Partners and Candidates

CHICAGO, IL--(Marketwire - September 14, 2010) -  TALEO WORLD -- Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced tremendous growth across its Talent Grid™ a set of cloud-based exchanges designed to connect Taleo Customers with each other, Taleo partners and the millions of candidates that use Taleo every day. Together, these exchanges are helping customers share best practices, find and select Taleo partners, and reach over one half million candidates and 20 million business contacts in new ways. 

The Talent Grid includes: Knowledge Exchange™ an online customer forum; Solution Exchange™ an online partner application and solution marketplace; and Talent Exchange™ an online talent marketplace where candidates and companies can connect. All three communities run in the cloud and are built on a collaborative Web 2.0 framework. Launched a year ago, the Talent Grid is seeing tremendous growth across the board, with up to eight fold growth in customer adoption and use.

The Talent Grid provides critical insight into the global talent marketplace and best practices in Talent Management so that Taleo customers have the insight into their people necessary to drive better business results.

Talent Exchange: A Crowd-Sourced Candidate Marketplace. 

Taleo Talent Exchange leverages Taleo's powerful recruiting technology to source, filter and recommend the right candidates for the right jobs. It is now being used by over 400 customers across all industries. Further, in less than a year, Talent Exchange has established itself as the 7th most popular sourcing site for Taleo customers. Taleo customers can invite candidates who are not a good fit to join Talent Exchange thereby earning credits that can be used to download new candidates from the expanding Talent Exchange candidate pool. Unlike job boards, the Talent Exchange provides free access to search over half a million candidates and 20 million business contacts with a "pay for what you like" model using credits or dollars on a per-candidate/contact basis versus the expensive job board monthly subscription fees. Customers can also post jobs for free on Talent Exchange leveraging its broad job syndication network to improve search engine rankings for open positions and attract more candidates.

For job seekers, Talent Exchange provides a unique Universal Profile enabling them to update their career background once, and then use it to apply to unlimited opportunities on Taleo-powered career sites. The Universal Profile can also be automatically imported by interested recruiters into Taleo's recruiting applications.

New today:

For employers: Taleo is providing recruiters with a one-stop shop for their external sourcing needs by enabling access to different candidate sources. Rather than visiting different sourcing websites and paying for candidate information according to each website's pricing model, recruiters can use Talent Exchange to search across multiple candidate sources and pay per candidate as opposed to the usual monthly subscription model. Talent Exchange presents high-quality Universal Profile candidates along with access to over half a million web candidates from the open web and over 20 million business contacts through a new partnership with Jigsaw, a Salesforce.com company. This combination of Universal Profiles, Web Candidates and contacts provides recruiters with flexible sourcing options that are integrated into Taleo's recruiting solutions.

For candidates: Talent Exchange provides exposure to high-quality, name-brand employers within the Talent Exchange, free searching across millions of jobs, and a Universal Profile to quickly apply on Taleo-powered career sites. In addition, Taleo is building out services on Talent Exchange for candidates to improve their job search and help differentiate themselves. These services include resume review, credential checks on the Universal Profile, and many others to be launched over the next 12 months.

Solution Exchange: Online Marketplace for Partner Applications and Solutions

Taleo's Solution Exchange provides a marketplace where customers are able to quickly explore, evaluate, and learn the benefits of partner solutions that extend the value of their Taleo products. It now features more than 120 solutions from 80 partners, representing more than 70% growth since launch.

New Today:

Solution Exchange has extended solutions across the entire talent management spectrum, from sourcing and background checking to now include career competency summaries, candidate relationship management, access to 360 degree performance feedback surveys, and online access to state tax forms. By enabling easy access to talent-related solutions, companies can create robust offerings for staff and candidates alike, while streamlining process and ensuring compliance.

Knowledge Exchange: Online Customer Collaboration Site

Taleo's Knowledge Exchange, has become a unique forum where business, human resource and information technology professionals aggregate to share the best practices in talent management. Today Knowledge Exchange connects over 80% of the Taleo enterprise customers via forums, blogs, documents, photos and video. 94% of surveyed users report the Knowledge Exchange meets or exceeds their expectations and that they connect here at least weekly.

New Today:

The Knowledge Exchange is now powering more direct input by its customers on Taleo products and services with a new "crowd-sourcing" engine to aggregate, rank and rate the best ideas for new features and products. This tool will, in turn, help ensure a continuous context for Taleo's ongoing innovations.

"We launched the Talent Grid around our aspirations to unify the amazing ecosystem of expertise Taleo has, representing 17 million users, 200 million candidates and 100 partners," said Michael Boese, Senior Vice President, SMB and Talent Grid Field Operations. "Now, it is the aspirations of the members on the Talent Grid that are helping to drive its potential as the largest and most informative cloud community on all things related to talent."

For more information: http://www.taleo.com/grid

Follow us:
http://twitter.com/Taleo_Corp
http://facebook.com/Taleo

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 4,700 customers use Taleo for talent acquisition, performance and compensation management, including 48 of the Fortune 100. Further, Taleo's Talent Grid cloud community harnesses the expertise of Taleo customers, more than 200 million candidates, and 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, Taleo's growth prospects 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 August 6, 2010, and in other reports filed by Taleo with the SEC.

Contact Information