Taleo introduces new Paradigm in contingent workforce management with Taleo contingent 7.0

Industryís first contingent workforce management solution with extensive international and multi-lingual capabilities

From its Fourth Annual WORLD Usersí Conference in Huntington Beach, Taleo, a leading company focused solely on on-demand talent management solutions, today unveiled Taleo Contingent 7.0, its next generation contingent workforce management solution.

Taleo Contingent 7.0 is designed for companies looking to achieve greater control of global contingent labour processes, spend, contractual and legal compliance issues. By providing greater control over contingent labour, Taleo Contingent 7.0 helps companies generate ongoing and sustainable cost savings around contingent workforce management both domestically and abroad.

Earlier this year, Taleo announced that its Contingent Solution reached an historical company milestone by capturing over 500 million in contingent workforce spending. The Taleo Contingent solution currently serves more than 100,000 contingent workforce hiring managers, 9,500 contingent labour supplier branches and agencies, and services 98,000 contingent workers across its customer base.
ìSince Taleoís acquisition of White Amber, we have made considerable investments in the research and development of our Contingent solution. We worked closely with our customer base and conducted in-depth market research to gain a deeper understanding of what companies are truly looking for in a global contingent workforce management solution,î said Michael Cruz, managing director, Taleo Contingent. ìWhat our research found was that no solutions available in todayís marketplace are fully capable of managing a global contingent workforce program, which sets companies at a long term disadvantage.î

He continued, ìTaleo Contingent 7.0 leverages our years of proven international experience with global organisations to implement and deliver talent management solutions that include extensive multi-lingual and international capabilities. Taleo Contingent 7.0 brings those same proven capabilities to manage the contingent workforce.î

It is vital to Xerox Corporation, as an innovative global technology company, to have vendors that continue to invest in product enhancements so that our key business processes like contingent staffing are supported with flexible, high-quality solutions, said Judy Taylor, commodity manager, Xerox Global Purchasing.

According to the 2004 Human Capital Management Applications Report published by AMR Research, ìEurope is ahead of the United States in managing contingent workers as an integral part of the workforce; in the United States, contingent workers are treated as another procurement spend category. These changes in the European workforce and workplaces are causing companies to implement more sophisticated software to manage workers and performance and understand costs.î
Highlights of Taleo Contingent 7.0 include:

Internationalisation
For most multinational organisations, managing the contingent workforce extends beyond domestic borders. Taleo Contingent 7.0 addresses this growing need by providing cutting-edge internationalisation capabilities that include multiple language operations, double-byte character support and international currency support.

Simplified User Interface & Navigation
Building on an exceptional reputation for ease of use and simplicity, Taleo Contingent 7.0 sets the standard for usability and intuitiveness. The clean, instinctive user interface, combined with its intelligent navigational design, makes Taleo Contingent 7.0 unmatched in its ability to create a positive user experience for hiring managers, suppliers and contractors alike.

Enhanced Java Platform
Technological flexibility is a necessary requirement to support the dynamic needs of large, complex organisations. The enhanced architecture available in Taleo Contingent 7.0 provides the ability to rapidly develop new and market driven features to better adapt to these changing client needs. In addition, this enhancement further expands third party integration capabilities to better leverage a companyís existing technology infrastructure.

Budgetary Management
Managing the budgetary aspects of the contingent workforce has become a top priority for many organisations. Taleo Contingent 7.0 introduces several new budgetary management features that include budgetary approval routing, budget tracking and enhanced budgetary reporting. In addition, managers are provided with greater flexibility to assign and move pre-approved budgetary dollars across related orders without having to continually regenerate approval workflows.

Cruz commented, The AMR Research data shows there is a clear continental divide among the way large, complex organisations manage contingent labour and associated costs. By delivering this cutting-edge enterprise technology, Taleo Contingent 7.0 levels the playing field for global organisations to deliver an enterprise-wide, flexible, and truly global contingent workforce solution while achieving long term cost savings and benefits.î