SOURCE: Workscape

Workscape

August 27, 2009 13:00 ET

Workscape Achieves Year-to-Date Growth With New Product Introductions, Significant New Client Signings and Key Contract Renewals

MARLBOROUGH, MA--(Marketwire - August 27, 2009) - Workscape, Inc., a leading provider of integrated HR solutions and services, today shared news of its successful first half of 2009, which included new product enhancements, corporate milestones and notable sales activity.

Now in its 10th year, Workscape is unique in its ability to combine compensation and performance management solutions with benefits administration services, resulting in a more holistic approach to goal alignment, cost reduction and total rewards.

"During the first half of 2009, Workscape has continued to strengthen our partnerships with valued clients as well as add new organizations to our client portfolio. We credit this success to the dedication and knowledge of our team, as well as our ability to provide compelling solutions that are truly helping clients to improve both employee performance and financial performance," stated Tim Clifford, president and CEO of Workscape.

Unveiling New Products, New Clients & New Initiatives

Comprised of the world's leading compensation planning solution, as well as employee performance management, Workscape's talent management portfolio continues to build upon its success and is currently deployed in 180 countries with support for 48 currencies and more than 40 languages. Workscape also continued the aggressive expansion of its talent management offerings in the first half of 2009 by introducing Compensation Planner - Off-Cycle, an application that enables organizations to transform compensation planning from a focal-only to a year-round activity. As a result, companies can respond more quickly and more appropriately to fluctuations in market conditions or business demands. When combined with Workscape's existing Performance Manager offering -- as well as Group Manager (for viewing and managing multiple hierarchies) and SmartSync (for reconciling data stored in ERP systems and data in HR systems) -- Workscape can transform the compensation planning, compensation management and performance management processes into opportunities for increased cost savings and improved employee productivity for organizations of any size.

OBA Enterprise, the next-generation of Workscape's proven, award-winning outsourced benefits administration platform, was also released in 2009. OBA Enterprise delivers greater integration of decision-support tools, health-risk assessments and flexible spending accounts, as well as a dramatically enhanced user interface, designed to simplify the online enrollment process for employees, drive the behaviors and outcomes that will generate cost reductions for employers and deliver real-time analysis and reporting on key enrollment metrics. OBA Enterprise received high marks from industry analysts and prospects alike and is already in implementation by several companies. Furthermore, the introduction of OBA Enterprise now brings the company's benefits offerings onto a common technology platform with the company's talent management solutions, enabling clients to move toward a true 'total rewards'-based approach with their employees.

Workscape's ability to drive impressive new business results during the first half of 2009 resulted in the signing of a variety of new clients to multi-year contracts, including:

--  Eastern Bank, the largest independent, mutually owned bank in New
    England, which selected Workscape to meet both their compensation planning
    and benefits administration needs;
--  Temple-Inland, a leader in corrugated packaging and building products,
    selected Workscape for their outsourced benefits administration needs;
--  Guardian Life Insurance, one of the largest and oldest mutual life
    insurance companies in the United States, also selected Workscape's
    benefits administration services and;
--  A global provider of business and information services will begin
    using Workscape Compensation Planner.
    

Many of Workscape's existing customers also renewed or expanded their multi-year subscription agreements during this timeframe, including Steve Kennedy, Vice President and Manager of Corporate Compensation Administration for Union Bank, who stated: "Union Bank is very pleased to continue our longstanding partnership with Workscape."

Other representative companies that expanded their relationships with Workscape this year include:

--  First Data, the world's largest provider of merchant processing
    services, extended the use of Workscape's off-cycle compensation planning
    solution;
--  Swift Transportation, a leader in transportation services, is now
    leveraging Workscape for both compensation and benefits administration
    activities;
--  the small-package shipping unit of a company with a portfolio of
    transportation, e-commerce and business services renewed their contract for
    Workscape's benefits administration services and;
--  one of the nation's premier new home builders also extended their
    utilization of Workscape Compensation Planner.
    

Awards, Alliances & Certifications Benefit Workscape's Clients

In February, Workscape announced a strategic alliance with Milliman, Inc., one of the world's largest independent actuarial and consulting firms. The alliance extends Workscape's health & welfare technology and service offerings with Milliman's defined benefit and defined contribution services (DB/DC) to the market, as well as respective clients. The addition of Milliman's services means Workscape now can help to meet the DB/DC needs of a client's active workforce and retirees.

In April 2009, it was announced that Workscape also achieved a "very high degree of compliance" with the ISO 27002 standard, according to SystemExperts Corporation, the premier provider of IT compliance and network security consulting services. Workscape's compliance with ISO 27002 demonstrates the company's unflagging commitment to maintaining thorough system security standards.

Most recently, the Workscape Compensation Planner solution helped the company to earn top scores and 'Hot Vendor' rating in The Ventana Research Value Index for Total Compensation Management. Among the ranked vendors, Workscape topped the product usability, product reliability and product manageability categories.

Ten Years of Innovation and Commitment

Clifford concluded, "During the past 10 years, Workscape has remained focused on providing comprehensive employee-centric solutions and services that are designed to meet the distinct requirements of organizations of all sizes and business sectors. As we enter into our second decade, we will continue to look for innovative ways to respond to the constantly-evolving HR challenges faced by our clients."

About Workscape

Workscape is unique in its ability and demonstrated domain expertise in addressing the talent management, benefits administration and employee communication challenges of hundreds of organizations and millions of workers across the country and across the globe. For the past decade, Workscape has been delivering Web-based software and services that are proven to help organizations reduce healthcare costs, improve adherence to compensation budgets and ensure alignment between employee activities and corporate goals. As a result, our employee-centric approach has consistently helped organizations to achieve the highest return on their greatest workforce expenditures: healthcare benefits and employee compensation. For more information about Workscape, visit www.workscape.com or call 888-605-9620.