Taleo Onboarding Gains Market Momentum as a Cost-Savings Solution

Taleo Corporation, the leading provider of on-demand talent management solutions, today announced increased market adoption of its onboarding solution, Taleo Onboardingô. Available since 2006, more than 125 organisations 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 Groupís recent research paper, ìFully On-Board: Getting the Most from Your Talent in the First Year,î onboarding is poised to make significant strategic gains in 2009. With layoffs, mergers, downsizing and increased competition wreaking havoc on the economy, many organisations 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 Aberdeenís survey respondents stated that the economy will increase the importance of onboarding in their organisation in 2009.

Taleo customers have shown a surge of interest in onboarding consistent with Aberdeenís research, which found that the percentage of organisations 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. Taleoís 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.

Organisations 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.

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

ìTaleo 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,î said Karl Ederle, Vice President of Product Management for Taleo.