Workstream Launches On-Demand Solutions for Mid-market Businesses

- Levels Playing Field with Proven, Integrated Talent Management Suite, Previously Available Only to Global 2000 companies

- Workstream Professional Recruitment, Performance and Development Designed for Companies with Under 2,500 Employees

Workstream Inc, a provider of on-demand compensation, performance, and talent management solutions, today announced three new on-demand solutions ñ Workstream Recruitment Professional, Workstream Performance Professional and Workstream Development Professional ñ for midsized businesses. Traditionally a large enterprise solution provider, Workstream is now broadening its product line to aggressively target companies with between 100 and 2,500 employees. The new Workstream solutions address a long-ignored need among mid-market companies for on-demand human capital management solutions that can be deployed quickly and work immediately out-of-the-box.

ìMidsized businesses have an urgent need to automate talent management processes, improve compliance capabilities and, most importantly, increase the efficiency and effectiveness of their entire workforce,î said Deepak Gupta, President and CEO at Workstream. ìWhereas other vendors offer niche solutions that increase costs and reduce flexibility, Workstream is launching a fully integrated suite of on-demand solutions to meet every companyís talent management needs. Also unlike niche solutions, Workstream Professional solutions are based on the same product line being used today by Workstream Global 2000 customers. The result is that midsized businesses can achieve the same benefits that larger companies realize, including deep functional products and freedom from burdensome, ineffective systems, enabling organizations to focus more time on their most important assets: their employees.î

Too many midsized businesses still manage HR processes manually, using spreadsheets and paper documents to track critical information. Unable to afford the high costs associated with implementing an integrated, automated solution for compensation, performance or talent management, they miss out on the opportunity to leverage the information they have to continuously improve the return received from their employees.

Workstream listened and responded to these issues with solutions that are smart, simple, and, for the first 30 days, cost-free. After 30 days, the solutions will be available to customers at a special introductory price for a limited time. Because the solutions are delivered on-demand and seamlessly integrated with one another, customers can expect fast implementation ñ often in a matter of hours ñ and freedom from silos of disparate data and piles of paper.

ìIn order to compete, mid-sized businesses must focus on and refine critical talent processes. When implementing software systems to automate these processes, solutions must be easy to use, quick to deploy, and competitively priced,î said Josh Bersin, President of Bersin & Associates, a research and advisory firm focused on enterprise talent management and learning. ìWorkstream offers a series of on-demand products that meet these needs ñ and also match the power and flexibility once available only through high-end applications. With the on-demand model, the benefits of automating compliance- and HR-related processes is within the reach of companies of all sizes.î

What Customers Are Saying
Workstream Professional solutions are based on the companyís industry-leading enterprise products, that are used today by organizations including American Express, Nordstrom, and the Gap. Already, a number of high-profile midsized businesses have deployed Workstream solutions, such as EATELCORP, Halton Healthcare Services, Virgin Mobile Canada, SAS Institute, William Blair & Company, Blitz USA and The TDL Group.

ìWorkstream offers a variety of tools that are beneficial both to the organization and the employee,î said Shanda Daugherty, Project Manager at Blitz USA. ìOur organization utilizes the Workstream Development and Workstream Performance solutions. Workstream Development offers opportunities for self-motivated learning, in addition to being the catalyst for a lot of manager/employee conversations about personal development. Workstream Performance has opened up new possibilities for understanding the organization as a whole, the cascading organizational goals, and personal performance for each individual. Although we are still discovering the many innovative ways to utilize these tools, the benefits are already apparent.î

Workstream's recruiting solution was able to help us quickly and effectively streamline our people management processes, said Lorraine Rohm, Manager, Recruitment, at Halton Healthcare. A critical component of the success of our workforce development strategy was that Workstream delivered its products on-demand in a SAS 70 Type II certified environment ñ so we know the solution was secure, functionally rich and cost effective for our organization.

Workstream invites mid-market businesses to learn more about the new Workstream Professional solutions ñ and the limited-time, cost-free offer ñ by attending a series of upcoming Workstream podcasts and webinars. These include:

Finally, A Smart, Simple, IT-free Mid-Market Talent Management Suite, Tuesday, June 19; podcast; www.workstreaminc.com/midmarket

Key Trends in Mid-market Workforce Technology, Wednesday, June 20; podcast; www.workstreaminc.com/midmarket

ìWorkstream Professional ñ HR That's Smart. Simple. Spreadsheet-free,î Thursday, June 21 at 10:00 a.m. PDT; webinar; http://www.workstreaminc.com/midmarket
ìAvoiding Common Talent Management Mistakes for Mid-Market Businesses, Friday, June 22; whitepaper; www.workstreaminc.com/midmarket

Workstream Professional Solutions
The Workstream Professional series includes performance management, development planning and recruiting applications as well as highly trained professional services to quickly implement the solutions. Key highlights of the new applications include:

Workstream Development Professional provides the most comprehensive employee development solutions available for midsized businesses, with key features that include: Workstreamís complete Competency Dictionary, with over 9,000 competences and over 400 job and role profiles; integrated development planning; and a complete set of manager coaching tips and on-the-job development steps.

Workstream Performance Professional is the most complete and configurable performance management solution on the market. Key features include a best-practices performance appraisal with goal management, job responsibilities, competencies, an integrated link to the employeeís development plan, employee-manager comparison view, and a sign-off and submission process. Workstream Performance Professional customers also gain access to the complete Workstream Competency Library to reduce start-up times and speed time-to-value.

Workstream Recruitment Professional provides one of the most affordable, quick to setup, and easy to use applicant tracking solutions available. Key features include automated requisition management and candidate management capabilities; powerful search and communication tools; support for English and French languages; and a careers web site that leverages an enterprise-class hosting environment.

Later this year, Workstream will complete the suite of Workstream Professional series on-demand solutions with Workstream Compensation Professional, Pay-for-Performance Professional, 360-Assessment Professional, Succession Planning Professional and Rewards Professional. All Workstream Professional solutions are delivered ìon-demandî, the result of which is a set of cost-effective applications that are hosted and maintained in a safe and secure SAS 70 Type II environment.

To learn more about the Workstream Professional series of on-demand solutions visit www.workstreaminc.com/midmarket or call us at 888-221-4005.