PageUp People Launches New Predictive Career and Talent Planning Tool, Engaging Employees and Helping Employers Prepare for Future…from PageUp People

October 5, 2011

 

Employee Career Planning Made Simpler, More Effective with Latest Talent Management Solution

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

 

International Talent Management solutions provider, PageUp People, this week announced the availability of CareerPath, an unprecedented predictive talent modeling application that provides powerful, self-serve career development for employees while providing equal benefit as a talent supply planning and readiness tool for employers. Introduced during the 14th Annual HR Technology® Conference & Exposition, CareerPath,  a powerful addition to the PageUp People Development Solution, enhances  an employer’s overall development strategy by drawing upon employee and recruiting data to model and plan progression routes, taking into consideration a company’s  career mobility, competency requirements, training requisites, certifications and other identified conditions for advancement.

For the employee, CareerPath provides easy, at-a-glance insight into potential career paths within a company and the anticipated time commitment required to move up. CareerPath facilitates meaningful conversations between a Manager and employee, producing individualized development plans based on the employee’s specific career aspirations and company opportunities. The solution also provides employees with mentoring connections to others that have followed a similar track, keeping employees engaged while demonstrating a company’s commitment to internal growth.

For the employer, CareerPath is a powerful Career Planning Tool that can map timelines to prepare employees for critical roles and help to facilitate employee skill development. In particular, for companies that operate across various geographies, CareerPath enables greater visibility into company-wide talent management intelligence, providing decision support for strategic, long-term talent supply planning and employee mobility.

“CareerPath is the latest addition to our full suite, Talent Management solution, helping companies attract the best candidates by demonstrating a commitment to career advancement and future opportunity,” commented Karen Cariss, CEO for PageUp People.  Specifically, Cariss added, “While attracting candidates is critical to a company’s success, retaining high performing employees also is crucial. By focusing on career development for employees, CareerPath gives companies a highly effective retention tool and enables the identification of the roles and individuals critical to a company’s success.”

For more information on PageUp People, please visit www.pageuppeople.com

 

 

Matt Lafata, HRchitect

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Salary.com Announces Second Quarter 2010 Financial Results…from Salary.com

November 6, 2009

 

Reports 34th Consecutive Quarter of Revenue Growth; Achieves Positive Operating Cash Flow for Second Quarter in a Row

HRchitect featured Salary.com in our 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top HRIS vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand talent management, payroll, and compensation solutions, recently announced financial results for its second quarter of fiscal 2010, which ended September 30, 2009.

Revenue in the second quarter of 2010 was $11.6 million, an increase of 10% over the second quarter of fiscal 2009. Bookings were $12.2 million, an increase of 9% over the second quarter of fiscal 2009. Non-GAAP operating cash flow, which excludes cash payments for severance, was positive with a cash inflow of $0.5 million in the second quarter of 2010. GAAP operating cash flow was an inflow of $0.4 million in the second quarter of 2010.

Kent Plunkett, founder and chief executive officer, stated, “We are pleased to have completed our 34th consecutive quarter of revenue growth and achieved positive operating cash flow from operations for the second quarter in a row. Our broad strategy of offering an array of integrated, best-in-breed human capital management tools and data again contributed to larger overall transaction sizes in the second quarter, with 14 transactions over $100,000 in the quarter and six of those larger than $250,000. We believe Salary.com’s strong execution is reflected in continued bookings and cash flow growth as we continue to gain momentum as a human capital management leader.”

Second Quarter 2010 Financial Summary

–  Second quarter revenue was $11.6 million, an increase of 10% over the second quarter of fiscal 2009.

–  On a GAAP basis, for the second quarter of fiscal 2010, Salary.com reported a net loss of $4.7 million, or ($0.29) per diluted share, compared to a net loss of $6.3 million, or ($0.39) per diluted share, in the second quarter of fiscal 2009.

–  On a non-GAAP basis, excluding stock-based compensation, amortization of intangibles and restructuring expenses, Salary.com reported a net loss of $1.9 million, or ($0.12) per diluted share, for the second quarter of fiscal 2010, compared to a net loss of $3.0 million, or ($0.18) per diluted share, in the second quarter of fiscal 2009.

–  Cash and cash equivalents as of September 30, 2009 were $16.1 million, compared to $17.0 million as of June 30, 2009.

–  Current deferred revenue was $27.3 million as of September 30, 2009, compared to $27.4 million as of June 30, 2009.  Total deferred revenue grew to $29.9 million as of September 30, 2009, from $29.3 million as of June 30, 2009.

–  Excluding non-recurring cash payments for severance, non-GAAP cash flow from operations was a net inflow of $0.5 million in the second quarter of fiscal 2010. Including the non-recurring payments for severance, GAAP cash flow from operations was a net inflow of $0.4 million, a $1.4 million improvement compared to the same period a year ago.

Additional Second Quarter Business Highlights

–  During the second quarter, Salary.com added approximately 100 customers, and ended the quarter with approximately 3,600 enterprise customers.

–  New customer additions in the second quarter of fiscal 2010 included: Boston Medical Center, Caraco Pharmaceutical Laboratories, Ltd., Casio America, Inc., The Cooper Health System, Emergint Technologies Inc., and Washington Mills Management, Inc.

–  During the second quarter, Salary.com held user conferences in Boston, Chicago, New York, San Francisco, and Singapore, with over 500 customers attending.  The user groups offered four separate tracks for different human resources disciplines and featured industry experts from Gartner, IDC, and Bersin & Associates as speakers.

–  At the HR Technology Conference in October, Salary.com won the Talent Management Shootout in a vote by hundreds of human resources professionals.  TalentManager won the contest against three competitors after a demonstration of its easy-to-learn and easy-to-use features and the seamless integration of TalentManager’s data-driven content with Salary.com’s performance, competency, goal management, compensation planning, succession planning, career planning, and employee development software and data solutions. Bersin and Associates published the reasons they believe Salary.com won the Shootout in a blog post.

–  During the second quarter, Salary.com repurchased approximately 179,000 shares at an average purchase price of $3.01 per share.  To date, the Company has repurchased approximately 1.3 million shares at an average price of $2.03 per share.

Bryce Chicoyne, Salary.com’s chief financial officer said, “Our effective execution in the second quarter resulted in an increase in bookings, revenue, and operating cash flow on both a year-over-year and sequential basis, and I am proud of that accomplishment. We remain committed to long-term revenue growth and cash flow generation and are managing the company with that in mind. Larger deal trends and a continued strong customer retention rate are fueling our optimism for long-term growth.”

Business Outlook

For the third quarter of fiscal 2010, Salary.com expects total revenue in the range of $11.4 million to $11.9 million. Non-GAAP net loss is expected to be in the range of $1.7 million to $2.2 million. Non-GAAP net loss excludes non-cash stock-based compensation expenses in the range of $1.7 million to $2.0 million, amortization of intangibles in the range of $1.2 million to $1.3 million, and restructuring charges of approximately $100,000. GAAP net loss for the third quarter of fiscal 2010 is expected to be in the range of $4.7 million to $5.8 million. Weighted average diluted shares for the quarter are estimated to be approximately 16.2 million shares.

For the full year fiscal 2010, we expect revenue to be in the range of $46.5 million to $50.5 million. Non-GAAP net loss is expected to be in the range of $4.8 million to $8.8 million. Non-GAAP net loss excludes non-cash impact of stock-based compensation in the range of $8.0million to $10.0 million, amortization of intangibles in the range of $4.8 million to $5.1 million, and restructuring charges of approximately $200,000. On a GAAP basis, net loss for fiscal 2010 is expected to be in the range of $19.3 million to $23.3 million. Non-GAAP cash flow from operations, which excludes $500,000 in severance, is expected to be in the range of $1.2 million to $2.2 million in fiscal 2010. Weighted average diluted shares for the year are estimated to be approximately 16.3 million shares.

For more information on Salary.com, please visit www.salary.com

 

Matt Lafata, HRchitect

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Plateau Systems Unveils Latest Version of Industry Leading Talent Management Suite…from Plateau Systems

June 16, 2009

 

Plateau Talent Management Suite Version 6.1 Highlights Include New Organizational Dashboards, Enhanced Performance Review Capabilities and a Streamlined User Interface

HRchitect featured Plateau in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and Learning Management Systems vendors that businesses should consider. Plateau participated in the Learning Management Systems panel on June 10, 2009 as part of theHRshow2009 event. Jeff Kristick, Sr. VP Marketing of Plateau Systems appeared on the HRchitect WebMingle on April 3, 2009.  If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

Plateau Systems, a leading provider of talent management software, services and solutions, today announced the latest release of the company’s industry leading talent management suite. Featuring new, powerful and flexible talent planning capabilities, Plateau Talent Management Suite version 6.1 takes talent management to the next level by enabling organizations to implement an effective talent management strategy that will engage, develop and retain high performing workforces and create operational efficiencies that help organizations maximize their investment in talent management initiatives.

Plateau Talent Management Suite version 6.1 is an enterprise class on-demand application that consists of Plateau Learning, Plateau Performance, Plateau Compensation and Plateau Career and Succession Planning. Plateau OnDemand is in use by over 2.5 million users worldwide with some of the largest software-as-a-service deployments in the talent management space including six production customers with over 100,000 users each. This release introduces significant usability advancements and offers innovative tools for end users, managers, and organizational owners to better align individual development and performance with the achievement of corporate business goals. Specific product highlights include: 

  • Organizational Dashboards introduce key functionality that allows managers to have a finger on the pulse of the organization, enabling them to be proactive in providing the direction and actions required to meet company initiatives, maintain compliance, and meet goals and deadlines.
  • Enhanced Performance Review Capabilities that streamline processes and provide more efficient and effective navigation, simplifying the performance review process for both users and supervisors.
  • Streamlined User Interface provides a reorganized interface integrating the entire talent management application, effectively breaking down the barriers that exist between different areas of the application. The home page provides a launching pad for talent management processes, and includes new features that allow for easier access to common tasks, your to do list, and key performance indicators for important talent management processes.

“The talent management challenges facing today’s organizations are complex and rapidly changing,” said Paul Sparta, Chairman and CEO, Plateau Systems. “The complexities of today’s economic environment necessitate organizations to better align the goals and development of individuals with the overall strategy and goals of the company. This alignment will maximize productivity gains while increasing operational efficiencies across the organization. Our latest release arms users with the information and enhancements they need to quickly address these challenges.”

According to recent research from Gartner , “Talent Management application investment can help, in the short term, to improve employee productivity and lower costs while reducing risks in critical roles. …Short-term investments in talent management applications build the foundation for longer-term benefits by enabling organizations to understand how talent-related investments drive specific business outcomes….Enterprises face significant talent challenges, yet HR organizations have difficulty building a strong business case for talent management application investments. The current economic challenges make it more important for HR organizations to focus more on short-term productivity improvement and cost and risk reduction, in addition to the longer-term strategic value.”

Availability
Plateau Talent Management Suite 6.1 will be generally available next month, and will be available on-demand or on-premise. Additional information on the features available in Plateau Talent Management Suite 6.1 is available online at http://www.plateau.com/6.1. For more information on Plateau, visit www.plateau.com.

 
Matt Lafata, HRchitect

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Saba to Host Webinar Series “Business-driven Talent Management: New Strategies for New Times,” Conducted by Bersin & Associates…from Saba

May 19, 2009

 

Online Events to Complement New People Management Leadership Center From Saba Designed to Help Learning and HR Leaders Accelerate Organizational Transformation

HRchitect featured Saba in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. A.G. Lambert, VP of Marketing with Saba will participate in the HRchitect WebMingle on August 14, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

Saba (NASDAQ: SABA), the premier people management software and services provider, today announced it will host a new Webinar series — Business-driven Talent Management: New Strategies for New Times — conducted by leading independent research firm, Bersin & Associates. These online events complement Saba’s New People Management Leadership Center, which provides organizations with customer interviews, case studies and whitepapers designed to help them derive more value from people across their extended enterprise.

Led by industry experts, this Webinar series will address how learning and HR organizations and practices are transforming to address today’s dynamic business climate and offer best practices to assist participants in accelerating organizational transformation through effective talent management processes. Through research information and best-practices gleaned from consulting with leading HR organizations, participants will obtain valuable information that can help them address challenges related to business reorganization, globalization, intense competition, knowledge management, expense reductions and more. The series will also cover where and how technology can be used to support business processes, bring new efficiencies and deepen engagement across the extended enterprise.

“Talent management is evolving beyond an HR process to become a leading initiative that supports business strategy and can help organizations increase revenues and reduce costs,” said A.G. Lambert, vice president of marketing for Saba. “We are pleased to deliver a dynamic Webinar series conducted by renowned learning and talent management thought leaders from Bersin & Associates that will provide attendees in any organization with practical information that can be used to realize tangible business benefits.”

The first in a series of five Webinars will take place on May 21 at 1 p.m. EDT. Josh Bersin, president Bersin & Associates, will present, “The Bersin & Associates Enterprise Learning Framework,” and discuss how modern corporate training programs need to build solutions that are low cost and leverage new social networking and collaboration tools. Additional Webinars will focus on a unique practice area relevant to corporate learning and talent professionals, such as corporate learning, workforce planning, performance management, social learning and collaboration, and career and succession management, including:

 

  • Data-driven Decision Making: A Modern Approach to Workforce Planning
  • Performance Management: Then and Now
  • Formalizing Informal Learning
  • Talent Mobility: The Modern Approach to Succession Management

For more information about the Webinar series or to register for the May 21st event, please visit www.saba.com  

 
Matt Lafata, HRchitect

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