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Taleo Corporation: Taleo Delivers Compensation Management for Small and Medium Businesses

^{Published on 2009-09-15 03:28:10 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - September 15, 2009) - TaleoWORLD -- Taleo Corporation (NASDAQ: [ TLEO ]), the leading provider of on-demand talent management solutions, today announced the availability of Taleo Business Edition Comp™, the company's new compensation management solution for businesses with less than 5,000 employees. Taleo Comp is part of the [ Taleo 10 ]™ Talent Management solution for small and medium businesses and includes modules for [ recruiting ], [ onboarding ], [ goal planning ] and [ performance evaluation ]. Taleo 10 supports the entire "hire to retire" employee lifecycle.

Taleo Comp gives customers the broadest possible view of their workforce. In conjunction with [ Taleo Perform ]™, Taleo Comp offers small and medium businesses ultimate flexibility in determining compensation based on performance, by:

 -- Powering equitable compensation. Taleo 10 creates a summary calculation from multiple performance reviewers. This, in turn, can be compared to organizational guidelines to ensure equitable compensation allocation across the organization. -- Supporting compensation-related events. Allows real-time modeling and "what if" analysis for anniversary, market-related, and "one off" compensation cycles throughout the year. -- Compensation for all. Taleo 10 can be used to administer compensation cycles for professional and project-based employees. 

"As more and more organizations implement integrated talent management software, they will realize that compensation and total rewards are the next big thing to automate as part of their goal to improve the performance and engagement of their workforces," said Josh Bersin, CEO of Bersin & Associates, a leading industry research and advisory services firm.

A Harris Interactive consumer survey released in September shows that businesses face a steep challenge with their most important competitive weapon, their internal talent. Two-thirds (66%) of American workers are not currently satisfied with their compensation. Taleo Comp's holistic view of pay for performance can make a substantial difference in powering company growth and innovation, as well as increasing employee trust and engagement.

"Retaining top performers is less about technology and more about gaining the trust and confidence of the employee base," said Jason Blessing, Group Vice President and General Manager of Taleo Business Edition. "Taleo Comp was designed to align back-end compensation data with performance metrics, allowing employers to build an equitable compensation system while increasing the trust and confidence of their talent."

Available October 31st, Taleo Comp offers the following additional functionality:

 -- Powers plans to allocate merit, bonus and other adjustment rewards based on performance metrics and organizational guidelines -- Maintains accurate and historical compensation data for each employee -- Compensation guidelines for merit and bonus allocation ensures best practice usage by managers -- Compensation workflow and notifications provide control and oversight into the process and ensures timely completion of compensation cycles -- Integration with Payscale provides competitive salary benchmarking data. 

About Taleo

Taleo (NASDAQ: [ TLEO ]) is the leader in on demand unified talent management solutions that empower organizations of all sizes to better understand and engage their best talent for improved business performance. More than 4,100 organizations use Taleo for talent acquisition and performance management, including 46 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 August 7, 2009, and in other reports filed by Taleo with the SEC.