Workscape Upgrades Industry Leading SaaS Talent Management Suite
Year-Round Compensation Planning and Performance Management Solutions Give Companies Tools to Recognize and Retain Top Talent
| Source: Workscape
MARLBOROUGH, MA--(Marketwire - October 8, 2008) - Workscape, Inc., a leading provider of
SaaS-based outsourced benefits
and talent management
solutions, today unveiled the latest version of its Talent Management Suite
(TMS). Version 6.6 of the Workscape TMS delivers the intuitive tools and
integrated talent data that drive employee performance and retention
through deep, robust functionality for performance management,
compensation, and succession planning.
The latest version of the Workscape Talent Management Suite includes an
upgraded version of Workscape Performance Manager. The integrated
capabilities of Workscape TMS 6.6 enable companies to identify top
performers and qualified successors and maintain business continuity in the
competitive war for talent. By sharing data -- such as employee flight
risk and corresponding loss impact -- across Workscape's performance and
compensation applications, Workscape's newest version helps organizations
proactively prepare for -- and prevent -- costly talent gaps.
Tim Clifford, Workscape's CEO, noted, "With average tenure becoming shorter
in most industries, retaining and maximizing the value of the people you
have now is becoming more and more important. Our latest product suite
includes expanded support for year-round performance-driven compensation
and begins to extend succession planning beyond the C-suite. This expanded
family of tools helps managers make better decisions about motivating and
rewarding top performers, leading to better organizational performance and
overall company success."
With Workscape Performance Manager, goal setting, sharing and performance
evaluations are automated and streamlined, driving goal alignment and
enabling management to identify top performers and target high potential
employees. Performance Manager comes complete with a competency library,
but also allows system administrators to import an existing competency
library. Configuration tools allow clients to tailor features -- such as
readiness scales, flight risk dimensions, warning levels, goal structures
and competencies -- to meet their exact needs. This high degree of
configurability coupled with Workscape's reliable Software-as-a-Service
(SaaS) delivery model eliminates costly solution management, maintenance
and infrastructure expenditures.
With this latest release, Workscape provides extended support of
compensation processes including not only focal, but non-focal, off-cycle
awards as well. With the same link to employee performance as with annual
focal planning, managers are empowered to recognize and reward employee
performance through off cycle incentive awards, promotions and other
compensation decisions, and to do so at any time during the year.
On a single, integrated platform, TMS 6.6 brings together data and
activities that have historically been separate in other solutions,
enabling quick access to information across business processes --
performance planning and evaluations, compensation planning, and succession
planning. Through a consistent user interface leveraging the latest Adobe
Flex technology, users have the ability to reference data from one set of
processes while performing activities for another -- for example,
referencing performance evaluation information while executing succession
planning activities. In addition, seamless integration with Workscape
SmartSync and GroupManager ensures that employee, job and other key data
are always accurate and up-to-date.
"With Workscape TMS 6.6, we have delivered a single application suite that
provides clear direction for each employee in relation to goals,
compensation and career path, while ensuring that overall business
processes run efficiently with necessary controls and oversight," shared
Clifford.
Workscape will demonstrate TMS 6.6 and preview its succession planning
capabilities in Booth No. 701 at the upcoming HR Technology Conference,
being held in Chicago from October 15 - 17, 2008.
About Workscape
Workscape is a leading provider of business-critical HR solutions that
enable hundreds of organizations to manage their two largest workforce
expenditures: employee benefits and performance-driven compensation.
Workscape's offerings share a common technology platform, can be readily
integrated with existing IT investments, serve millions of employees, and
are scalable and configurable to meet the distinct requirements of
organizations ranging from 1,000 to over 400,000 employees. One client
uses the company's award-winning multi-lingual compensation solution to
compensate hundreds of thousands of employees across 70 countries.
Workscape's outsourced benefits administration offerings are backed by
U.S.-based 24/7 support for managers and employees on policies and
processes. For more information about Workscape, visit www.workscape.com or
call (888) 605-9620.