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Taleo Corporation: Taleo Onboarding Gains Market Momentum as a Cost-Savings Solution

^{Published on 2009-03-24 08:20:50, Last Modified on 2009-11-03 18:42:41 - Market Wire}
 

DUBLIN, CA--(Marketwire - March 24, 2009) - Taleo Corporation (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced increased market adoption of its onboarding solution, Taleo Onboarding™. Available since 2006, more than 125 organizations have selected Taleo Onboarding to dramatically cut costs, improve the new hire experience and turn promising candidates into productive employees in record time.

According to the Aberdeen Group's recent research paper, "Fully On-Board: Getting the Most from Your Talent in the First Year," onboarding is poised to make significant strategic gains in 2009. With layoffs, mergers, downsizing and increased competition wreaking havoc on the economy, many organizations are looking for ways to do more with less. In spite of increasing layoffs, hiring has not stopped for most companies, particularly those in industries such as retail, which has anywhere from 50% to 100% annual turnover. Streamlining the process of bringing new employees into a company -- within company guidelines and government regulations -- makes onboarding an even more critical component of any talent management strategy. In fact, 50% of Aberdeen's survey respondents stated that the economy will increase the importance of onboarding in their organization in 2009.

Taleo customers have shown a surge of interest in onboarding consistent with Aberdeen's research, which found that the percentage of organizations with a formal onboarding process has grown from 62% to 68% over the past year.

Taleo Onboarding creates, stores, and manages all onboarding forms electronically to increase compliance and reduce paperwork. Taleo's customers have experienced real cost savings and environmental impact. For example:

 -- Rockwell Collins, a pioneer in the development and deployment of innovative communication and aviation electronics solutions for both commercial and government applications, has saved approximately $200,000 in shipping fees alone by using Taleo Onboarding. -- Organizations like El Paso Corporation, owner of North America's largest interstate natural gas pipeline system and one of North America's largest independent natural gas producers, have reported savings ranging from $15 to $100 per employee by using onboarding technology. 

More than just cost savings, customers are also experiencing productivity gains that help improve the bottom line.

"The ability for new employees to accurately and quickly complete all required forms is key to both employer compliance and early employee engagement," said Kevin Martin, Vice President & Principal Analyst, Human Capital Management, Aberdeen. "Getting the paperwork out of the way helps new hires concentrate on the job at-hand, get up to speed quickly, and be productive."

"Taleo customers are finding that moving the normally paper-intensive I-9 processing online not only ensures that forms are completed in a timely manner, but that records are easily accessible as needed. And U.S. federal contractors can now automatically initiate the E-Verify program, making their onboarding process easier than ever," said Karl Ederle, Vice President of Product Management for Taleo.

About Taleo

Taleo (NASDAQ: [ TLEO ]) is the leader in on-demand unified talent management solutions that empower organizations of all sizes to assess, acquire, develop and align their workforces for improved business performance. More than 3,900 organizations use Taleo for talent acquisition and performance management, including 48 of the Fortune 100 and over 3,300 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 and 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 August 11, 2008, and in other reports filed by Taleo with the SEC.