DUBLIN, Calif., Aug. 1 /PRNewswire-FirstCall/ -- Taleo Corporation (Nasdaq: TLEO), the leading provider of on-demand talent management solutions, today announced that its recently formed Small and Medium Business (SMB) Business Unit continues to help SMBs, including Joie de Vivre Hospitality and MySQL win the war for talent. More than 900 customers have turned to Taleo's SMB Business Unit and implemented Taleo Business Edition(TM) and Taleo Hourly Express(TM).
DUBLIN, Calif., Aug. 1 /PRNewswire-FirstCall/ — Taleo Corporation (Nasdaq: TLEO), the leading provider of on-demand talent management solutions, today announced that its recently formed Small and Medium Business (SMB) Business Unit continues to help SMBs, including Joie de Vivre Hospitality and MySQL win the war for talent. More than 900 customers have turned to Taleo's SMB Business Unit and implemented Taleo Business Edition(TM) and Taleo Hourly Express(TM).
Small and medium-sized businesses today face a number of challenges including the impending retirement of the baby boomer generation, appealing to a new generation of workers, growing pains and increased competition from multi-nationals for qualified talent. Businesses are also grappling with meeting multiple compliance-related requirements while trying to source for qualified candidates, including Sarbanes Oxley, Equal Employment Opportunity, Affirmative Action, SAS 70 and other employment-related regulatory bodies.
"With unprecedented growth planned for the coming years, Taleo will become an even more important component of our talent acquisition strategy," says Babak Dehnad, director of HR for MySQL, a popular open-source database company. "As an SMB with a global presence, we receive hundreds and hundreds of resumes on a daily basis, and many of them aren't a match for what we're looking for. With Taleo's innovative web-based solution, we're able to streamline our hiring processes, find the most qualified candidates, and ensure that we adhere to our internal and external compliance guidelines."
With Generation Y — a force of as many as 70 million — in full swing in the workplace, organizations are contending with how to deal with the new young, smart, and brash workers that want to work, but don't want work to be their life. Taleo's SMB Business Unit is appealing to this new "internet generation" of workers because it helps organizations better source and manage the applicant process and design their career sites to connect automatically with other internal and external audiences.
"As California's largest boutique hotel company, we consistently put a high premium on customer service and aim to provide the best possible experience for our guests," said Robert Banovic, Recruitment Manager of Joie de Vivre Hospitality. "We aspire to have a diverse and multi-generational employee base. With Taleo we're able to recruit and retain high quality employees across functions, without disrupting the workflow of our organization, all while providing the superior service our guests have come to expect from Joie de Vivre."
Taleo's SMB strategy is supported by the latest research conducted by the Aberdeen Group on The Global War for Talent: Getting What You Want Won't Be Easy (http://www.aberdeen.com/link/sponsor.asp?spid=30410838&cid=4005, June 2007). In this report that surveyed over 600 businesses (71% of companies surveyed have fewer than 2,500 employees), it was found that 63% of "best-in-class" firms used an applicant tracking system vs. only 42% for "laggards." The research suggests that more and more SMBs are recognizing the benefits of talent management solutions, and are adopting innovative solutions to empower hiring managers and recruiters.
"The formation of Taleo's SMB Business Unit underscores our commitment to small and medium-sized businesses," said Jason Blessing, group vice president and general manager, SMB, Taleo. "The main goal of our solution set is to help organizations find the candidates they need quickly, efficiently and affordably. Many of our customers are happy to be off the old 'paper, pencil, calendaring and spreadsheet' recruiting solutions on which hiring managers have traditionally relied. Whether our customers are challenged with a shortage of suitable applicants or too many applicants, we help them recruit the best potential employees from diverse industries including: healthcare, high-tech, professional services, recruiting, retail and financial services."
About Taleo Business Edition
Taleo's new SMB Business Unit includes two solutions: Taleo Business Edition (http://www.taleo.com/solutions/business-edition-solutions.php) and Taleo Hourly Express (http://www.taleo.com/solutions/hourly-express-solutions.php). Taleo Business Edition was developed with SMBs in mind, bringing the benefits of on demand talent management to companies that are underserved by other solutions in today's market. The solution is low cost and highly configurable and allows small and mid-sized organizations to automate the entire recruiting process including the sourcing, assessment and selection of talent. Taleo Hourly Express is a complete bilingual phone and online hourly hiring solution for businesses in the fast growing and seasonal industries such as: retail, restaurant, hospitality, gaming, security, manufacturing, and service industries.
Taleo is offering SMBs a free 30 day trial at www.taleo.com.
Taleo (Nasdaq: TLEO) is the leader in on demand, web-based hiring and talent management solutions that empower organizations of all sizes, around the world to source and manage their candidates. More than 1,000 organizations use Taleo (including a third of the Fortune 100 firms) to recruit and retain top talent with over 900,000 users processing 60 million candidates from over 100 countries. Requiring no capital investment, software as a service and on demand delivery offers 99.9% availability. For more information, visit www.taleo.com.
This release contains forward-looking statements, including statements regarding Taleo's new product development, market growth, the demand for Taleo's solutions and general business conditions. 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 Item 1A of Taleo's Annual Report on Form 10-K, as filed with the SEC on March 16, 2007, in Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on May 10, 2007, and in other reports filed by Taleo with the SEC.
SOURCE Taleo Corporation