Kenexa Announces Financial Results for Third Quarter 2011…from Kenexa

November 1, 2011

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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!

 

Kenexa (Nasdaq: KNXA), a global provider of business solutions for human resources, today announced operating results for the third quarter, ended September 30, 2011.

For the third quarter of 2011, Kenexa reported total GAAP revenue of $75.7 million, with non-GAAP revenue of $77.2 million after eliminating the $1.5 million GAAP adjustment to deferred revenue resulting from the October 2010 acquisition of Salary.com, Inc.  Non-GAAP revenue was $50.8 million for the third quarter of 2010.  Within total non-GAAP revenue, subscription revenue was $55.0 million for the third quarter of 2011, an increase of 38% compared with $39.8 million in the third quarter of 2010.  Professional services and other revenue was $22.2 million for the third quarter of 2011, an increase of 102% compared to $11.0 million for the third quarter of 2010.

“Our third quarter financial results were above our expectations and reflect the building momentum of Kenexa’s unique value proposition in the market place.  The combination of our software and content continue to drive the majority of our revenue, while our RPO business experienced a record quarterly performance and included the two largest customer wins in the history of our company,” said Rudy Karsan, Chief Executive Officer of Kenexa.  “While we continue to watch the global economy carefully, our confidence regarding Kenexa’s long-term market position has never been greater and we are increasing our 2011 outlook based on our strong third quarter performance and continued market share gains.”

Non-GAAP income from operations, which excludes share-based compensation expense, amortization of acquired intangibles and the purchase accounting impact to Salary.com’s deferred revenue, was $8.3 million for the three months ended September 30, 2011.  This was above the Company’s guidance of $7.1 million to $7.5 million and represented an increase of 98% compared to non-GAAP income from operations of $4.2 million for the three months ended September 30, 2010.

Non-GAAP net income available to common shareholders, which excludes the items listed above and accretion associated with a variable interest entity, was $6.3 million for the three months ended September 30, 2011, compared to $3.7 million for the three months ended September 30, 2010.  Non-GAAP net income available to common shareholders was $0.23 per diluted share for the quarter ended September 30, 2011, up 44% compared to $0.16 per diluted share in the third quarter of 2010.  Non-GAAP net income per diluted share for the third quarter of 2011 was $0.03 above the high-end of the Company’s guidance of $0.19 to $0.20.

Kenexa’s income from operations for the three months ended September 30, 2011, determined in accordance with GAAP, was $1.3 million, compared to income from operations of $1.5 million for the same period of 2010. GAAP net loss available to common shareholders was approximately $3.1 million, or a loss of $0.12 per basic and diluted shares for the three months ended September 30, 2011, compared to net income of $0.2 million, or $0.01 per basic and diluted share, in the same period of 2010.

A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Kenexa had cash, cash equivalents and investments of $124.9 million at September 30, 2011, compared to $127.5 million at the end of the prior quarter.  The decrease in cash was primarily related to $4.2 million used to pay down long-term debt and $1.8 million used to settle legacy shareholder lawsuits for Salary.com.  The Company also generated $10.9 million in cash from operations for the third quarter.

Deferred revenue was $87.3 million at September 30, 2011, an increase of 49% from September 30, 2010 and up from $84.9 million at the end of the second quarter of 2011.

Other Third Quarter and Recent Highlights

• More than 60 “preferred partner” customers were added during the quarter (defined as customers that spend more than $50,000 annually), an increase from the over 40 preferred partner customer additions in the year ago period.
• The average annualized revenue from the Company’s top 80 customers, or P-cubed metric, was greater than $1.6 million, an increase from the over $1.2 million level in the third quarter of 2010.
• Announced the launch of Kenexa 2x Perform™, which offers integrated, enterprise-class performance management, succession and compensation planning tools to drive organizational alignment and ensure top performers are retained and engaged.
• Announced an alliance with SkillSoft, a leading SaaS provider of e-learning content, technology and services, to integrate and market Kenexa’s Global Talent Management solutions with SkillSoft’s learning content and platform technology.

Business Outlook

Based on information as of today, November 1, 2011, the Company is issuing financial guidance as follows:

Fourth Quarter 2011*: The Company expects GAAP revenue to be $74.7 million to $76.7 million.  Excluding the GAAP adjustment to deferred revenue, resulting from the Salary.com acquisition, the Company expects non-GAAP revenue to be $76.0 million to $78.0 million, and non-GAAP operating income to be $9.2 million to $9.6 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 28.0 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.25 to $0.26.

Full Year 2011*: The Company expects GAAP revenue to be $279.4 million to $281.4 million.  Excluding the GAAP adjustment to deferred revenue, the Company expects non-GAAP revenue to be $287.4 million to $289.4 million, and non-GAAP operating income to be $28.9 million to $29.3 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 26.5 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.81 to $0.82.

* Kenexa’s non-GAAP results  exclude stock-based compensation expense, amortization of acquired intangibles, acquisition-related fees, the purchase accounting reduction for Salary.com’s revenue, a benefit related to a legal settlement, non-recurring litigation charges and accretion associated with a variable interest entity.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , | Permalink
Posted by mattlafata

Kenexa to Transfer to the New York Stock Exchange…from Kenexa

October 30, 2011

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in 2010 & 2011 and the Kenexa World Conference from 2009-2011.

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!

 

Kenexa® (Nasdaq: KNXA), a global provider of business solutions for human resources, today announced that it is transferring the listing of its common stock to the New York Stock Exchange (“NYSE”). The company expects to begin trading on the NYSE on November 9, 2011, under its current ticker symbol “KNXA”. The company will continue to trade on the NASDAQ until the transfer is completed.

Rudy Karsan, CEO of Kenexa, commented, “Many of our clients are NYSE-listed multinational organizations. With our move to the New York Stock Exchange, we’re proud to take a position among them.”

“We welcome Kenexa’s decision to join NYSE Euronext’s growing community of listed companies,” said Scott Cutler, EVP and Head of Listings, Americas, NYSE Euronext. “Kenexa is a leader and innovator in enabling organizations to optimize their workforces through integrated talent acquisition and talent management solutions, and we look forward to being a valued partner in the company’s future growth by providing the highest quality markets and services.”

In celebration of the transfer, representatives from Kenexa will ring the NYSE Opening Bell at 9:30 a.m. ET on November 9, 2011.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , | Permalink
Posted by mattlafata

The Secret of Organizational Success is to Give Employees What They Want, Claims New Book…from Kenexa

October 26, 2011

 

Authors reveal Breakthrough Research that shows Employees Worldwide have Seven Fundamental Needs and Organizations that Meet these Needs Outperform those that Don’t

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

 

Organizations can achieve greater success by meeting the seven fundamental needs of employees, according to a new book by Jack Wiley, Ph.D., and Brenda Kowske, Ph.D, titled “RESPECT: Delivering Results by Giving Employees what They Really Want.”

A world authority on the factors that motivate employees and how they perceive their work, Jack Wiley is executive director of the Kenexa High Performance Institute, a division of Kenexa (NASDAQ: KNXA). Over the past 30 years, he has surveyed over 200,000 employees around the world. His conclusion is that there are seven things that employees really want from their managers and their organizations.

Dr. Wiley has summarized the seven wants of employees in the acronym R.E.S.P.E.C.T., which stands for: Recognition, Exciting work, Security of employment, Pay, Education and career growth, Conditions and Truth.

“These seven fundamental needs are the same across different countries, different industries and different job roles,” said Wiley. “The real story from our research, however, is the impact on engagement, productivity, customer service and the bottom line when organizations meet these needs. Their employee engagement level is 117 percent higher; their operational performance is 64 percent higher; their customer satisfaction level is significantly greater and their ‘return on assets’ is up to ten times higher.”

Featuring real-world examples, the book provides practical actions to help managers, executives and HR practitioners to meet the seven needs. It also provides diagnostics to help assess an organization’s areas of vulnerability.

More information about the book and the authors is available at www.respectthebook.com

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , | Permalink
Posted by mattlafata

Does Trust Matter?…from Kenexa

October 20, 2011

 

Research from Kenexa High Performance Institute Examines Wide Ranging Implications of Trust in the Workplace

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

 

When it comes to trust, the public is accustomed to questioning the intentions of its politicians. Yet, the issue of trust pervades society more profoundly. Kenexa® (NASDAQ:KNXA), a global provider of business solutions for human resources, addresses the issue of trust in the workplace in its annual WorkTrends™ report. Published by Kenexa High Performance Institute, “Trust Matters” examines the links between trust and employee retention and well-being.

In 2011, approximately 10,000 individuals in the U.S., and about 1,000 individuals in the following countries: Argentina, Australia, Brazil, Canada, China, Denmark, Finland, France, Germany, India, Italy, Japan, Mexico, The Netherlands, Russia, South Africa, Spain, Sweden, Switzerland, Turkey and the United Kingdom, took the WorkTrends survey online. The survey has 141 items that ask employees about workplace issues such as managerial effectiveness, senior management behavior, diversity practices, turnover intention and job satisfaction.

When asked about trust – the ability to have reliance on and confidence in the actions of another – 48 percent of all employees trusted their leaders. Twenty-eight percent actively distrusted their leaders and 24 percent were undecided. The research reflects that employees who distrust their leaders are seven times more likely to report they are mentally and physically unwell and almost half of employees who distrust their leaders are seriously considering leaving their employer.

Jack Wiley, Founder and Executive Director KHPI, stated, “These significant levels of distrust demand attention from HR professionals, as they have clear implications for employee retention and well-being, as well as organizational performance. There are a number of best practices such as cross-training employees, conducting annual performance reviews and employee opinion surveys, and sponsoring quality improvement initiatives that can increase trust and engage employees.”

The WorkTrends “Trust Matters” report can be downloaded by accessing www.khpi.com/Current-R-D/WorkTrends/Trust-Matters. For more information about Kenexa High Performance Institute and Kenexa’s employee and customer satisfaction surveys, please visit www.kenexa.com

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , | Permalink
Posted by mattlafata

HireVue and Kenexa Team to Offer Integrated Recruiting and Interview Management…from HireVue

October 10, 2011

 

Details Available during This Week’s Kenexa World Conference

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!

 

HireVue, providers of an amazing new way to interview – on demand, today announced that they have partnered with Kenexa, a global provider of business solutions for human resources, to provide mutual customers with a pre-integrated interview and recruiting management solution.

Under the new partnership, HireVue’s Digital Interview Platform™ and On Demand Digital Interviews™ will be pre-integrated with Kenexa 2x BrassRing™ to provide recruiters with single sign-on access to both platforms. Scheduled for release this November, the solutions will directly synchronize to streamline processes and reduce administration. For example, candidate information added to one platform will automatically populate to other portions of the combined solution. Recruiters will also be able to order HireVue’s breakthrough On Demand Digital Interviews directly from Kenexa 2x BrassRing and, once completed, a link to the interview will be stored to the candidate’s profile.

“Our customers are always seeking ways to gain a competitive edge when recruiting. HireVue’s On Demand Digital Interviews save recruiters countless hours and dollars previously spent interviewing candidates that are not the right fit for an organization,” noted Rudy Karsan, CEO of Kenexa. “We’re thrilled to add value to our customers’ investments by integrating with HireVue’s Digital Interview Platform. Regardless of the interview method, recruiters will have strategic control over the entire interview process – from scheduling screenings to making hiring decisions.”

Mark Newman, CEO of HireVue, added, “Kenexa shares our mission to change the way companies find, identify and interact with candidates. Its industry-leading solution delivers a unified talent record across the employment lifecycle, linking recruitment, outsourcing, performance management and mobility on one technology platform. Now hiring companies can combine the power of HireVue and have the insight provided by Kenexa 2x BrassRing at their fingertips.”

“Recruiting is as challenging today as it ever has been.  What has changed is how much more we leverage technology to find the best-fit candidates,” said Mike Grennier, senior director, Corporate Recruiting, Walmart. “I’m excited that HireVue and Kenexa’s platforms will be talking to each other to help us source and evaluate candidates more effectively.”

Attendees of this week’s 2011 Kenexa World Conference can learn more about the partnership and integration, or test drive HireVue’s Digital Interview Platform, by visiting with HireVue during the conference.  “The Conference of Grown-up Dreams” will take place Tuesday, October 11 and Wednesday, October 12 at Walt Disney’s Yacht and Beach Club Resort in Lake Buena Vista, Fla.

For more information on HireVue, please visit www.hirevue.com. For more information on Kenexa, please visit www.kenexa.com

 

 

Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa and SkillSoft Announce Alliance to Integrate Next Generation Talent Management Solution with Leading Learning Content…from Kenexa

September 30, 2011

 

Addresses Growing Market Demand for Combination of Performance with Learning Management

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

 

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, and SkillSoft, a leading SaaS provider of e-learning content, technology and services, today announced a strategic alliance to  integrate and market Kenexa’s Global Talent Management solutions with SkillSoft’s learning content and platform technology.  This collaboration uses SkillSoft’s Open Learning Services Architecture (OLSA), which utilizes web services technology, to provide richer content and user experiences for the enterprise market.

Under the alliance, the companies will bring together SkillSoft’s learning content and underlying SkillPort platform capabilities with the Kenexa 2x Integrated Talent Management platform and 2xPerform performance management suite. Joint customers will benefit from the unique combination of Kenexa Recruiting, On boarding, Performance Management and its  competency libraries, which are used to identify candidates’ skill sets and gaps with SkillSoft’s learning management platform for delivery and tracking of content and courseware, as well as streamlined access to SkillSoft’s high quality content libraries.

“Kenexa has been an admirer of SkillSoft for a number of years and we are delighted to now be a strategic partner with a company so universally recognized for its learning content and platform technology.  We have already partnered with SkillSoft on a number of new opportunities and our existing customer base is extremely excited by the potential of seamless access to content directly from Kenexa platforms. Our customers recognize the need to identify, launch and manage learning solutions through their Performance Management solution,” Kenexa’s Eric Lochner, President, Global Talent Management commented.

“SkillSoft believes this collaboration with Kenexa, a leader in integrated talent management, will provide substantial value to our mutual customers and will open up entirely new opportunities with companies who share the vision for making learning content more fluidly available throughout the talent management process.  Kenexa’s vision and enthusiasm around OLSA, not just for learning platform support but more seamless content access, raises the bar for the industry and improves the overall experience for enterprise clients,” said John Ambrose, Senior Vice President, Strategy, Corporate Development and Emerging Business for SkillSoft.

The Kenexa 2x platform was designed to integrate all talent management functions and data, including a unified talent record, mobile tools and robust analytics, into one single system that provides a consistent user interface, security features and reporting engine while allowing for a customer’s future global expansion. The powerful performance management software gives companies the information they need to make strategic decisions based on a holistic view of their workforce. Kenexa’s Software-as-a-Service (SaaS) model is complemented by its drive to deliver extreme service with a commitment to accuracy, timeliness, responsiveness, and mutual learning.

Kenexa 2x Perform is available now for annual subscription. For more information, visit http://www.kenexa.com/performance-management.

SkillSoft’s OLSA is a suite of web services that seamlessly integrate multiple types of content resources and learning application services, as well providing a means for integration with third-party systems faster and more efficiently.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa and The Brooklyn Group Announce Joint Venture…from Kenexa

September 27, 2011

 

Relationship Expands Kenexa’s Footprint in the Australian Talent Acquisition Market

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

Kenexa® (NASDAQ: KNXA), a global provider of business solutions for human resources, and The Brooklyn Group, Australia’s leading relationship-driven recruitment provider, today announced an alliance that expands Kenexa’s presence in the Australian RPO market. Kenexa selected The Brooklyn Group for its expertise in transaction, project and enterprise recruiting services as well as its local leadership.

Phil Stewart, RPO President of Kenexa, said, “As the Australian economy outperforms its global counterparts, the competition for recruiting and retaining the best employees will increase. This market represents significant opportunities for both companies. Together, we’ll help global and local companies in Australia design and execute their recruitment strategies, leveraging their brands, recruiting technologies and performance.”

Brian Russell, Chief Executive Officer of The Brooklyn Group, commented, “Kenexa is a proven partner to many multi-national companies operating in the Australian market. The company’s breadth of products and services will enable local companies and businesses expanding in Australia to create working environments where employees can flourish.”

Kenexa Brooklyn will be headed by Brett Douglas, Director of The Brooklyn Group, who has significant outsourcing experience. Douglas previously formed Futurestep’s outsourcing organization in Australia.

The relationship with The Brooklyn Group is a logical extension of Kenexa’s growing footprint, especially in the strategic Australian market. Kenexa has already touched the lives of more than 110 million people worldwide, including more than 85 million candidates in applicant tracking systems, more than 10 million employees surveyed annually, more than 15 million assessments administered annually and more than 52,000 employees placed annually through its recruitment process outsourcing offering.

Stewart observed, “Kenexa possesses the unique combination of software, science and business process optimization. Our primary focus is helping our clients hire and retain more productive workforces and through our relationship with The Brooklyn Group we’re looking forward to intensifying our presence in the region.”

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa Unveils Next Generation Performance Management Suite Built on 2x Integrated Talent Management Platform…from Kenexa

September 20, 2011

 

New Solution Gives Companies Tools to Drive Sustainable High Performance, Positively Impact Business Outcomes

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

 

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced the launch of Kenexa 2x PerformTM, which offers integrated, enterprise-class performance management, succession and compensation planning tools to drive organizational alignment and ensure top performers are retained and engaged.

Built on the Kenexa 2x platform, the new solution complements Kenexa’s other integrated talent management solutions (i.e. Recruiting and Onboarding) by automating and integrating goals, appraisals, compensation, competencies, development, career path and succession planning. The web-based Kenexa 2x Perform ensures that companies have all valuable talent information in one place to enable quick informed decisions that positively impact business outcomes. In addition, with targeted development plans and career paths that are aligned with both individual and organizational goals, Kenexa 2x Perform identifies high potentials and top performers early, ensuring sustainable high engagement and performance across an organization.

“Providing a solution that integrates functions and data that traditionally have been siloed, means businesses can achieve greater efficiency, enabling maximized performance and results. What’s more, the solution leverages talent data and tools to help companies achieve greater flexibility and better plan for future growth,” Kenexa’s Eric Lochner, President, Global Talent Management commented.

With a strategic reward system in place, including pay for performance, Kenexa 2x Perform ensures that individuals are recognized and compensated appropriately, which promotes higher levels of engagement and retention while adhering to budget restrictions. The solution also increases manager effectiveness by arming managers with the tools and skills needed to inspire, motivate and manage performance. The Unified Talent Record enables data sharing across the organization and across applications, allowing for the organization-wide analysis of talent inventory and current and future competency gaps.

“Effectively integrating performance management with succession management and compensation management can deliver up to 100% better business results,” said Stacia Sherman Garr, senior analyst, Bersin & Associates. “Kenexa’s 2x Perform is designed to help organizations more efficiently integrate these talent processes – all in an environment that supports mobile and social technologies.”

“We selected Kenexa’s 2x Perform as our enterprise performance management solution because we wanted an integrated talent management solution that could parallel and enhance our current practices in Performance Management, Recruiting and Onboarding. As an Early Adopter, we are excited to be working with Kenexa and are hopeful that Kenexa’s 2x Perform will meet our talent management needs today and going forward,” said Brigid Pelino, senior vice president, Human Resources, Tim Hortons Inc.
The Kenexa 2x platform was designed to integrate all talent management functions and data, including a unified talent record, mobile tools and robust analytics, into one single system that provides a consistent user interface, security features and reporting engine while allowing for a customer’s future global expansion. The powerful performance management software gives companies the information they need to make strategic decisions based on a holistic view of their workforce. Kenexa’s Software-as-a-Service (SaaS) model is complemented by its drive to deliver extreme service with a commitment to accuracy, timeliness, responsiveness, proactivity and mutual learning.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , | Permalink
Posted by mattlafata

C&S Wholesale Grocers Partners With Kenexa to Improve Recruiting Processes…from Kenexa

September 16, 2011

Company Cites Innovative, Interactive Solution as Primary Reason for Selection

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced that C&S Wholesale Grocers, Inc., the largest food wholesaler in the U.S. with approximately 17,000 employees, has selected Kenexa Simulations to engage candidates through interactive web-based job simulations.

Serving approximately 4,600 stores from more than 60 warehouses in 11 states, C&S is responsible for distributing food to supermarkets, retail stores and military bases across the country. The company will utilize Kenexa Simulations during the recruitment process to identify the candidates who are most likely to be successful within C&S and in a specific role. The interactive solution will integrate with C&S’s existing Applicant Tracking System to create a seamless candidate experience.

“Many of our candidates have grown up in the era of Smartphones, iPads and video games, and they expect a certain level of interactivity during the recruitment process. The Kenexa Simulation offers a unique virtual experience that is not only easy to use and engaging but will also provide a realistic job preview,” commented John Leech, Senior Director, Field Talent Management, C&S. “When we were looking for a partner to create this one-of-a-kind solution to help us attract and retain the best talent, we looked to Kenexa because of their industry recognition and know how.”

“Kenexa administers about 21 million assessments each year in multiple languages and countries, which demonstrates our ability to deliver on the science of predicting individual performance and potential. For example, our assessments have enabled clients to experience dramatic improvements in absenteeism and turnover rates, as well as increases in productivity, customer satisfaction and profitability. We are pleased that C&S chose us as a partner, and we look forward to helping them select and retain top performers for their warehouse positions,” stated Rudy Karsan, Kenexa’s Chief Executive Officer.

Kenexa Simulations deliver accurate job previews and ensure candidates thoroughly understand the demands of a particular role, leading to a better candidate fit. As a result, companies are able to drive high performance within the organization while reducing the overall cost of hire. The simulations engage candidates in a virtual environment that can help identify the most talented employees.

C&S will deliver a presentation with Kenexa about the value of simulations as recruiting tools at Kenexa’s upcoming 2011 World Conference, which will be held at the Walt Disney World Resort in Orlando, Fla., on October 11 and 12, 2011.

For more information on Kenexa, please visit www.kenexa.com

Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa Ranked in Enterprise Top Five by HRO Today Magazine’s RPO Baker’s Dozen Ranking…from Kenexa

August 25, 2011

 

Company Recognized for Customer Satisfaction and Breadth of Service

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced it has been ranked in the elite Enterprise Top Five in HRO Today magazine’s annual RPO Baker’s Dozen. The ranking is a direct result of RPO customer surveys, which were compiled from 266 companies submitting more than 500 surveys from which 466 survey respondents were verified. Kenexa has been on the RPO Baker’s Dozen since the ranking’s inception seven years ago.

Kenexa holds a unique position among RPO providers.  The company is a single provider for multi-country RPO programs with an intense focus on delivering a higher quality of candidate.  To support this mission, the company leverages its wide range of offerings such as assessments and talent management solutions to create a single global recruitment solution strategy.

Kenexa RPO Practice Leader, Phil Stewart, commented, “As the RPO category becomes even more competitive, the ability to effectively deliver comprehensive solutions that leverage all of the tools in the HR and recruiting toolbox is what differentiates a vendor. Kenexa has proven that time and time again, especially as we win significant new business and grow our existing relationships. It’s an honor to be recognized by the RPO buyers’ community through a top spot on the annual Baker’s Dozen.”

Elliot Clark, CEO of SharedXpertise, publishers of HRO Today magazine, said, “The annual Baker’s Dozen gives buyers the opportunity to share their experiences with the top providers in the RPO sector. Once again, Kenexa has taken top honors as a leading enterprise RPO that is delivering quality of service and earning high marks for customer satisfaction.”

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa Announces Financial Results for Second Quarter 2011…from Kenexa

August 9, 2011

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

Kenexa (Nasdaq: KNXA), a global provider of business solutions for human resources, last week announced operating results for the second quarter, ended June 30, 2011.

For the second quarter of 2011, Kenexa reported total GAAP revenue of $69.0 million, with non-GAAP revenue of $71.3 million after eliminating the $2.3 million GAAP adjustment to deferred revenue resulting from the October 2010 acquisition of Salary.com, Inc.  Non-GAAP revenue was $44.9 million for the second quarter of 2010. Within total non-GAAP revenue, subscription revenue was $52.2 million for the second quarter of 2011, an increase of 45% compared with $36.1 million in the second quarter of 2010.  Professional services and other revenue was $19.1 million for the second quarter of 2011, an increase of 119% compared to $8.7 million for the second quarter of 2010. 

“Kenexa’s better than expected second quarter performance was the result of high customer interest levels, solid execution and Kenexa’s differentiated value proposition.  An increasing number of organizations around the world are looking for a strategic HR solutions partner, and Kenexa’s unique combination of software, proprietary content and services is driving continued market share gains,” said Rudy Karsan, Chief Executive Officer of Kenexa.  “We are increasing our outlook for 2011 based on our strong second quarter results and client momentum, though we continue to monitor the economic environment closely as macro data points remain highly variable on a global basis.”

Non-GAAP income from operations, which excludes share-based compensation expense, acquisition-related fees, amortization of acquired intangibles, the purchase accounting impact to Salary.com’s deferred revenue, a benefit related to a legal settlement, and non-recurring litigation charges, was $6.4 million for the three months ended June 30, 2011.  This was above the Company’s guidance of $5.4 million to $5.8 million and represented an increase of 69% compared to non-GAAP income from operations of $3.8 million for the three months ended June 30, 2010. 

Non-GAAP net income available to common shareholders, which excludes the items listed above and accretion associated with a variable interest entity, was $4.7 million for the three months ended June 30, 2011, compared to $3.1 million for the three months ended June 30, 2010.  Non-GAAP net income available to common shareholders was $0.18 per diluted share for the quarter ended June 30, 2011, up 38% compared to $0.13 per diluted share in the second quarter of 2010.  Non-GAAP net income per diluted share for the second quarter of 2011 was $0.01 above the Company’s guidance of $0.16 to $0.17 and included a $0.01 negative impact from higher shares outstanding.  The Company’s follow-on offering of common shares during the quarter was not anticipated at the time guidance was provided.  

Kenexa’s income from operations for the three months ended June 30, 2011, determined in accordance with GAAP, was $0.4 million, compared to income from operations of $1.7 million for the same period of 2010. GAAP net loss available to common shareholders was approximately $1.6 million, or a loss of $0.06 per basic and diluted shares for the three months ended June 30, 2011, compared to net income of $1.0 million, or $0.04 per basic and diluted share, in the same period of 2010.

A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

Kenexa had cash, cash equivalents and investments of $127.5 million at June 30, 2011, compared to $19.7 million at the end of the prior quarter.  The increase in cash was primarily related to the company’s follow-on offering of common shares during the quarter, which provided $91.7 million in net proceeds including the execution of the overallotment option.  The Company also generated $16.8 million in non-GAAP cash from operations for the second quarter. 

Deferred revenue was $84.9 million at June 30, 2011, an increase of 47% from June 30, 2010 and up from $82.2 million at the end of the first quarter of 2011. 

Other Second Quarter and Recent Highlights

 

  • More than 50 “preferred partner” customers were added during the quarter (defined as customers that spend more than $50,000 annually), an increase from the over 30 preferred partner customer additions in the year ago period.
  • The average annualized revenue from the Company’s top 80 customers, or P-cubed metric, was greater than $1.5 million, an increase from the over $1.1 million level in the second quarter of 2010.
  • On May 25, the company completed a public offering of 3,450,000 shares of its common stock at $27.75 per share. Kenexa received net proceeds of approximately $91.7 million after taking into consideration the execution of the overallotment option and deducting underwriting discounts and commissions and offering expenses that are payable by Kenexa.

Business Outlook

Based on information as of today, August 2, 2011, the Company is issuing financial guidance as follows: 

Third Quarter 2011*: The Company expects GAAP revenue to be $70.5 million to $72.5 million.  Excluding the GAAP adjustment to deferred revenue, resulting from the Salary.com acquisition, the Company expects non-GAAP revenue to be $72.0 million to $74.0 million, and non-GAAP operating income to be $7.1 million to $7.5 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 28.0 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.19 to $0.20. 

Full Year 2011*: The Company expects GAAP revenue to be $271.0 million to $275.0 million.  Excluding the GAAP adjustment to deferred revenue, the Company expects non-GAAP revenue to be $279.0 million to $283.0 million, and non-GAAP operating income to be $27.5 million to $28.5 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 26.5 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.77 to $0.80.

* Kenexa’s non-GAAP results  excludes stock based compensation expense, amortization of acquired intangibles, acquisition-related fees, the purchase accounting reduction for Salary.com’s revenue, a benefit related to a legal settlement, non-recurring litigation charges and accretion associated with a variable interest entity.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa Launches Game Changing Social Solutions for Recruiting / Industry Leader Delivers Comprehensive Offerings That Help Companies Move From “Post and Pray” State to Proactive Social Recruiting…from Kenexa

July 21, 2011

 

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

Kenexa (NASDAQ: KNXA), a global provider of business solutions for human resources, today unveiled details of its newest suite of offerings: Social Solutions. Kenexa Social Solutions is the industry’s first multi-faceted set of social recruiting tools paired with attraction strategies and consulting to help HR professionals and recruiters fully leverage all the benefits of the social world through one vendor. Kenexa Social Solutions draws on Kenexa’s deep industry expertise in sourcing, recruiting, employment branding and social media to deliver positive outcomes for hiring employers as well as job candidates.

Eric Lochner, president of Global Talent Management at Kenexa, said, “Many companies want to harness the tangible benefits of social recruiting but — whether due to resources, time and other commitments — cannot readily tap into its full range of possibilities. As an industry leader, it was a natural progression that Kenexa take the initiative to develop the industry’s first truly integrated comprehensive offering that brings together the power of the applicant tracking system with the power of social networks.”

Uniquely positioned through its technology, content and services, Kenexa has a long-standing position as one of the talent acquisition and talent management industry’s innovators. Kenexa Social Solutions goes past just addressing social media and into creating multi-dimensional attraction strategies and connection tools to address end-to-end recruitment. Beyond the obvious such as Facebook, LinkedIn and Twitter, Kenexa offers sourcing strategies, candidate relationship management and consulting services that help attract, connect and recruit with talent like never before.

Included in Kenexa Social Solutions is a candidate relationship management tool that focuses on social recruiting and building passive candidate relationships. Using its robust API, Kenexa offers social career centers to empower candidates to interact with their social networks as they apply for jobs. Social consulting and management is included to provide the clients baseline for true social strategies and candidate attraction. Kenexa will continue to deliver on the promise of a social candidate and recruiter experience through its broad set and ever-expanding list of social features within its award-winning global talent acquisition solution, Kenexa 2x BrassRing™, including posting and sharing jobs across the most prominent social networks.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa Announces Alliance with GreenJobInterview.com…from Kenexa

July 12, 2011

 

Live Virtual Interviews to be integrated with Kenexa’s Solutions

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced details of an alliance with GreenJobInterview.com.  GreenJobInterview.com provides the proprietary technology that enables interviewers and candidates to interact face-to-face in real time while minimizing costs, maximizing time and reducing environmental impact.

Under the terms of the agreement, Kenexa has integrated GreenJobInterview’s virtual video interview capabilities into Kenexa 2x BrassRing™. Kenexa 2x provides a unified talent record across the employment lifecycle by linking recruitment, outsourcing, performance management and mobility on one technology platform.  With GreenJobInterview’s live virtual interviews, Kenexa is enabling hiring organizations and job candidates to eliminate the weeks of waiting to coordinate travel as well as the related expenses.  As a result, HR professionals and hiring managers can meet with and qualify higher volumes of candidates remotely by using GreenJobInterview’s secure, browser-based solution.

Derek Bluestone, Kenexa’s vice president of Product Marketing, commented, “The ability to reduce time-to-hire remains one of the biggest competitive differentiators for hiring companies.  By scheduling virtual interviews instead of waiting to coordinate in-person meetings, more candidates can be qualified and advanced to hiring managers for final approval. Live virtual interviews also provide an excellent opportunity for hiring organizations to promote their employment brands as progressive, innovative and environmentally conscious.”

Greg Rokos, president of GreenJobInterview.com, agreed, “Clients can brand their virtual interview websites with their company’s logo, palette and messaging. Our alliance with Kenexa supports their commitment to delivering world-class employment branding services to their clients, as well as aligns with their focus on being an environmentally responsible organization.”

Jeffrey Gelinas, Human Resources Manager at Kenexa, commented that Kenexa is using GreenJobInterview internally. He said, “In addition to our product integration with GreenJobInterview, we utilize their video interviewing functionality to improve our own hiring speed and quality. With GreenJobInterview, Kenexa is able to provide a unique candidate experience, standardize the interviewing process and better support our hiring managers.”

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa Unveils Next-Generation Online Strengths Assessment Offering: StandOut…from Kenexa

June 14, 2011

 

Provides Managers and Employees with Recommendations and Techniques for Maximizing Top Strengths

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, today announced its launch of StandOut™, the next-generation online strengths assessment from Marcus Buckingham.  StandOut is designed to reveal an individual’s top two strength roles plus deliver practical techniques to help managers and employees “win at work.” 

As an industry leader, Kenexa offers more than 1,000 Assessment tests that enable companies to select and retain top performers based on seven key areas that predict individual performance and potential—experience, skills, abilities, personality, motivation, judgment and culture fit. In the last two years alone, Kenexa has administered in excess of 30 million Assessments in 14 languages and in 44 countries to some of the world’s largest, most respected organizations.

StandOut’s reports include a 20-page individual employee report that details the person’s comparative advantage and greatest value to the team as well as ideal career choices. The manager’s report links the team’s individual assessments to provide a meaningful and actionable snapshot. Managers also receive coaching guides to reward, motivate and challenge each employee based on his or her strengths.

“Crucial to effective workforce management is the ability to optimize performance by leveraging employee strengths in the right roles,” said Dr. Courtney McCashland, president of Kenexa’s Global Assessment Division. “StandOut enables Kenexa’s clients to focus, reward, engage and challenge their employees to produce the best thinking and business outcomes.”

She continued, “StandOut helps managers answer three questions: how can I become a better performance coach, how can my employees take responsibility for their own performance and development and how can we accelerate the uptake of best practices.  By utilizing StandOut in conjunction with Kenexa’s deep expertise in assessments, organizations can derive competitive advantages and attain better employee engagement.”

The measurement methodology used in StandOut is designed from historical research of open-ended questions and listen-for combinations.  Research demonstrates this approach is more predictive than binary self-descriptors or Likert Scale statements. 

More information about StandOut and Kenexa’s assessment practice can be accessed at http://www.kenexa.com/assessments

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa and Aberdeen Cite Importance of Assessment Solutions to Improve Business Performance…from Kenexa

June 10, 2011

 

Recent Research Shows how Assessment Data Helps Organizations Achieve Business Goals

HRchitect featured Kenexa in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Derek Bluestone, VP Product Marketing appeared on the HRchitect WebMingle on June 17, 2010. HRchitect’s Matt Lafata, one of the industry’s leading talent management systems analysts, attended the Kenexa Analyst Day in May, 2010 and the Kenexa World Conference in 2009 and 2010.

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!

As the only company currently offering fully integrated Assessment solutions that support the entire employee lifecycle, Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, understands how Assessments can help organizations identify, hire and retain right fit employees by predicting human performance and potential. The latest Assessments report from Boston-based Aberdeen Group, a Harte-Hanks Company (NYSE:HHS), supports Kenexa’s focus. Aberdeen’s research showed that organizations that used assessments in both the pre- and post-hire processes achieved, on average, 19% more of their organizational goals in the past year, as compared to organizations not using assessments.

“The results of the Aberdeen report further demonstrate what we at Kenexa have always known – assessment data can improve employee and organizational performance by ensuring the right person is hired for the right job,” stated Dr. Courtney McCashland, president of Kenexa’s Global Assessment Division . “Many of our long-term clients have experienced dramatic improvements in key business outcomes by using our assessment solutions. By understanding the key levers of a company, we are creating tools that help businesses hire a higher quality candidate.”

Mollie Lombardi, Senior Research Analyst, Human Capital Management at the Aberdeen Group, commented, “The research findings show a number of common attributes among best-in-class companies. For instance, best-in-class organizations are 85% more likely to be able to correlate post-hire assessment results to ongoing performance. And, organizations with a formal process to assess candidates, new hires and existing employees are 56% more likely to be best-in-class companies.”
 
With more than 1,000 ready-to-use Assessment tests available, Kenexa has been responsible for administering more than 30 million Assessments in 14 languages and in 44 countries in just the last two years. Assessments are based on seven key areas that predict individual performance and potential – experience, skills, abilities, personality, motivation, judgment and culture fit. Kenexa’s Assessments also integrate with recruitment technology, onboarding, career development, succession planning and leadership development to create a seamless user experience.

A complimentary copy of Aberdeen’s research, titled “Assessments 2011: Selecting and Developing for the Future,” can be downloaded here.

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: , , , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

« Previous Entries
Next Entries »
Follow

Get every new post delivered to your Inbox.

Join 32 other followers