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Taleo Corporation: North Shore-Long Island Jewish Health System Drives Individual and Business Results With Taleo Performance

^{Published on 2009-07-06 07:29:14, Last Modified on 2009-07-06 07:29:23 - Market Wire}
 

DUBLIN, CA--(Marketwire - July 6, 2009) - Taleo Corporation (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced that North Shore-Long Island Jewish Health System (North Shore-LIJ) has successfully deployed Taleo Performance™ as part of an organization-wide initiative to tie talent management strategies to business performance. North Shore-LIJ's 38,000 employees are committed to providing the highest quality care to the patients and communities they serve.

At North Shore-LIJ, talent management is defined as having the right people in the right place, with the right results. The organization decided to move from a manual process for performance management to help them better identify high potentials, create a leadership roadmap and link metrics to company and individual performance. A Taleo Recruiting™ customer since 2006, the company selected Taleo Performance for goals management, performance management and succession planning, creating a unified talent management platform that allows the organization to have a more holistic view of its workforce and long-term talent management needs.

Since going live, North Shore-LIJ has realized the following benefits:

 -- Better employee engagement, through better goal management, performance reviews and other talent management practices, has lead to better patient satisfaction. -- A focus on patient experience, quality, and productivity has improved patient care. -- Turnover in certain fields, such as registered nurses, has decreased from 65% to less than 20% due to better hiring, development and performance practices. -- Having an efficient and comprehensive talent management approach has helped the organization achieve a $25M improvement in operating margin. 

"We realized that our workforce is our top competitive advantage, especially in this economy," said Joseph Cabral, Chief HR Officer with North Shore-LIJ. "We also realized that our talent management processes need to be system-wide, cohesive and undiluted and that a one-size-fits-all approach doesn't work. Taleo Performance has allowed us to create processes and procedures specific to our organization to help us achieve our overall business goals."

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 4,000 organizations use Taleo for talent acquisition and performance management, including 48 of the Fortune 100 and over 3,400 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 and results from use of Taleo's solutions. 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 May 11, 2009, and in other reports filed by Taleo with the SEC.