December 3, 2011
Lumesse Selected Based on Superior Local Service and Proven Expertise in Greater China
HRchitect includes Lumesse in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. 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!
Lumesse, a global leader in integrated talent management solutions, today announced that GlaxoSmithKline (GSK) has implemented Lumesse TalentLink as the core technology platform supporting the shared HR-service team building its Greater China talent acquisition strategy.
The GSK talent acquisition team has a strategic goal to transform its recruitment processes to enable it to build a robust talent pipeline. Current market growth has driven over 2,000 hires for GSK across Beijing, Shanghai, Guangzhou, Tianjing and Hong Kong within the last year.
As part of the GSK global recruitment solution implementation, the Lumesse China team took just three months in early 2011 to implement Lumesse TalentLink solutions locally in a project that included system tests and user training. Lumesse TalentLink now supports 18 recruiters, more than 10 HR business partners and 10 agencies across the Greater China region.
“To allow us to manage the China market, the evolution of the HR team into a shared-service unit pairs up recruiters with business managers as close partners,” noted Blake Cai, recruitment & HRIS manager, HR Shared Services, GSK Greater China. “Meanwhile, we are conscious that this model has to be balanced with stronger centralization across cities to drive efficiency.”
Since staff referral is a very important hiring channel in the pharmaceutical industry, the GSK team makes creative use of the Lumesse TalentLink platform to publicize job advertisements among existing staff. The platform is also connected to the two largest job-boards in China, 51jobs and Zhaopin to effectively manage job applications through this channel. The scalability and flexibility of the Lumesse platform has also enabled GSK to offer a better candidate experience in the application process for the large number of applications it receives. For example, as a famous consumer brand in pharmaceuticals, the capability to improve rejection handling for GSK recruiters was a key factor in choosing Lumesse TalentLink.
“High growth markets like China are driving global brands to rethink talent strategies,” said Lumesse CEO Matthew Parker. “The need to combine both high-volume and specialists skills when recruiting puts huge demands on managers and HR professionals. Operational efficiency and the ability to tap into multiple sourcing channels are key benefits that Lumesse TalentLink can deliver.”
“Our recruiters have always been professional and productive, but they needed to change as our business expands rapidly,” added Cai. “What worked in the past with isolated spreadsheets will now be replaced with a single, regionally shared talent acquisition platform that provides better information transparency and standardized workflows. We believe that the better data integrity, accuracy and analytical reports that have come after the change have genuinely improved the shared-service team’s working lead time, cost and service delivery and made it a better partner with the GSK business.”
GSK chose Lumesse among many local and global solution vendors based on its better local service and proven expertise in Greater China. Product functionality, operational speed and project cost-effectiveness were prime considerations as well.
“The China market is filled with opportunities and challenges,” noted Erik Schmit, managing director of APAC Region, Lumesse. “The commitment of Lumesse in the China market with continuous investment in its local services team and infrastructure differentiates us from the rest. This was is a key reason for GSK extending its cooperation with us outside of its headquarters region.”
For more information, please visit www.lumesse.com
Matt Lafata, HRchitect
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HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, HR Systems, HR Technology, HRchitect, Lumesse, Matt Lafata, Recruiting, StepStone, Talent Acquisition, Talent Management | 
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Posted by mattlafata
July 27, 2011
HRchitect includes Lumesse in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. 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!
Lumesse, a global leader in integrated talent management solutions, is pleased to announce that it has been successful in winning ISO/IEC 27001 certification for its Lumesse TalentLink talent acquisition (e-recruitment) services. As a provider of Software-as-a-Service (SaaS) integrated talent acquisition and talent management solutions for 1,700 of the world’s leading companies, security of data relating to job applicants and employees is an increasingly important priority for Lumesse customers in a connected world:
“We are seeing increased interest in mobile data access, especially in the light of our recent launch of the Lumesse Mobile* app for Android, Apple iOS and Blackberry, and our ‘Apps for Everything’ philosophy,” said Matthew Parker, Lumesse CEO. “That puts even greater emphasis on having world-class information security controls, so the award of ISO/IEC 27001 certification to our global TalentLink services couldn’t be more timely. It also underlines our commitment to compliance and to the internationally accepted standards that major global customers increasingly demand of SaaS and cloud-based service providers.”
ISO/IEC 27001:2005 specifies the requirements for establishing, implementing, operating, monitoring, reviewing, maintaining and improving a documented Information Security Management System within the context of the organization’s overall business risks. It specifies requirements for the implementation of security controls customized to the needs of individual organizations or parts thereof. ISO/IEC 27001:2005 covers all types of organizations, including commercial enterprises, government agencies, and not-for profit organizations. For more information please visit: http://www.iso.org/iso/home.htm
* Lumesse Mobile is a device-independent application that works on Android, Apple iOS and BlackBerry devices. The application is optimised for efficient use of mobile data tariffs, connecting securely to the SaaS-based Lumesse TalentLink platform through any mobile data connection. Lumesse has committed to releasing regular updates of the app to increase its capability to reflect the growing power of smartphones and tablets, and the increasing use of such devices as primary corporate information tools.
For more information on Lumesse, please visit www.lumesse.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, eRecruitment, HCM, hiring, HR Systems, HR Technology, HRchitect, Human Capital Management, ISO, Lumesse, Matt Lafata, Matthew Parker, Recruiting, sourcing, StepStone, Talent Acquisition, Talent Management, TalentLink | Permalink
Posted by mattlafata
July 12, 2011
Guy Langley Responsible for Global Sales, Services Across 17 Countries in Which Global Talent Management Firm Has Operations
HRchitect includes Lumesse in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. 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!
Lumesse, a global leader in integrated talent management solutions, has appointed Guy Langley as chief operating officer to help drive its continuing rapid growth in Europe, the Americas and Asia Pacific.
Langley will be responsible for global sales and services across the 17 countries where Lumesse has operations, and support for over 1,700 customers in more than 70 countries. Lumesse global customers include Alibaba, Bank of China International, RBS, Deloitte, Deutsche Telekom, EADS, Heineken, Huawei, Lufthansa, Merck, Group PSA Peugeot Citroën, PUMA, Sara Lee, and Virgin Atlantic.
Langley joins Lumesse from Siemens PLM Software (formerly UGS), where he was senior vice president for Europe, Middle East and Africa, overseeing substantial revenue growth. Prior to this, Langley ran a number of country operations for UGS (UK), PeopleSoft (Spain) and J.D. Edwards (Nordic & Germany). He joined the software industry in 1996 following a successful sales career in IBM.
“I have been impressed by the quality of the people I have met at Lumesse and the depth of commitment to its vision,” said Langley. “The focus on building great teams around the world to help our customers recruit, retain and develop their top talent is amazing.”
Lumesse CEO Matthew Parker added: “These are exciting times for Lumesse as we focus on our promise of being the only global company making talent management work locally. Part of that promise to our present and future customers is investing in people like Guy that bring inspiring track records of success to our business.”
For more information on Lumesse, please visit www.lumesse.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, Guy Langley, HCM, hiring, HR Systems, HR Technology, HRchitect, Human Capital Management, Lumesse, Matt Lafata, Matthew Parker, Recruiting, sourcing, StepStone, Talent Acquisition, Talent Management | Permalink
Posted by mattlafata
May 10, 2011
- Survey shows age is a major factor in workplace happiness – mid-career workers least happy
- Gender differences in pay rises, training, work satisfaction still common in some countries
- Training, performance reviews, recognition and workplace trust remain major employee issues
HRchitect includes StepStone in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. 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!
Lumesse – the new name from today for StepStone Solutions – has revealed the first findings of ‘Inspiring Talent’ – a detailed, independent survey* of employee attitudes to their jobs and employers. Sourced from almost 4000 employees in larger companies in 14 countries worldwide, including the US, UK, Germany and China, the survey reveals the different attitudes to work and employers among older and younger workers, men and women, and different regions. The survey found, for example, that the oldest and youngest workers were the happiest, with employees starting work and nearing retirement consistently reporting higher levels of workplace satisfaction than their stressed-out, mid-career colleagues. Differences in pay rises, training opportunities and job satisfaction between men and women were still common, suggesting that not all employers have made good progress in equalising the workplace experience between the sexes in recent years. Other key findings include:
US employees are most likely to describe their companies as very successful; Swedish the least.
- French employees are the most loyal, while Scandinavians are the happiest. UK employees rank second last for job satisfaction.
- Chinese staff are almost three times as likely to report large pay rises as the global average.
- Less than a quarter of employees always feel trusted to make important decisions.
- More men (10%) than women (8%) report a large pay increase (over 20%) since 2008
- Almost 40% of older workers (56 – 60) believe they will be recognised and rewarded if they work harder or take extra responsibility; only 19% of Gen Y (18 – 25) agree.
StepStone Solutions, one of the world’s leading talent management companies, also today announces the rebranding of the company as ‘Lumesse.’ With rapid growth in its ‘Software-as-Service’ solutions over recent periods, and an active user base well in excess of a million people in 70 countries, the new brand is the first step in making Lumesse an increasingly high-profile, global player in the fast-growth talent management sector.
Lumesse is positioned in the ‘Leaders’ quadrant in Gartner, Inc’s 2011 “Magic Quadrant for Employee Performance Management Software. Leaders have strong product functionality and, often, provide superior customer experience. In addition, these vendors have strong direct sales and/or channel sales capabilities. Leading vendors also have strong or emerging multinational solutions (with corresponding service and support).
“As Lumesse we are building a new kind of company, a high technology talent management business that doesn’t talk about technology, but about people and their potential,” said Lumesse CEO, Matthew Parker. “Our rebrand is a watershed in our company development, but it’s much more than a change of name. We’re building a global talent management business that acts like a local company – a company that can help both employers and employees have better jobs and better results. And our ‘Inspiring Talent’ survey shows that many companies have a long way to go in getting the best from their people and in giving them careers that really inspire them.”
The Lumesse ‘Inspiring Talent’ survey shows that issues remain in the way many employers use the talents of their staff. Training, performance reviews and workplace trust remain an issue with only half of employees reporting that they have an effective appraisal process and only one third saying that good training is regularly available. Less than one in five employees said they would always be rewarded for taking extra responsibility or working harder.
Regionally, the survey found wide variations in attitudes across the 14 surveyed countries. US staff were most upbeat about their companies’ success. The happiest employees were in the Nordic countries, with over 80% saying they enjoyed going to work; the least happy in Hong Kong, with only half claiming to be happy. However, the UK also did not fare well, being second last in the happiness stakes. When it comes to loyalty 57% of French employees planned to stay with their employers ‘forever’ – at the other end of the loyalty scale the UK and Netherlands (24%) were beaten only by Singapore, in last place for long-term loyalty at just 17%.
The full report, Inspiring Talent 2011, will be available from Lumesse later in June 2011.
Formed in 2003, StepStone Solutions separated from its parent company in a management buyout backed by HgCapital in April 2010. With over 1,700 customers, including major brands such as Bank of China International, Deutsche Telekom, Heineken, Merck, PSA Peugeot Citroën and Virgin Atlantic, and employees in 17 countries, Lumesse is a high-growth global success story in the talent management market. Lumesse provides ‘Software-as-a-Service’ solutions in both talent acquisition and talent management, with well over a million active users of its technology, served from global data centres.
“Many companies seem to be doing a great job in providing inspiring, supportive workplaces for their people,” adds Matthew Parker, Lumesse CEO. “But the report card for many others has to be ‘could do better,’ especially in areas like training, career development, performance appraisals and job recognition. As Lumesse we’ve set out a clear statement of our company values, based on what our people said they wanted the company to be, with a strong emphasis on our ability to provide a working environment and culture that inspires people – in Lumesse and in our customers – to do better and have more fun.”
“The talent management software market continues to grow in size and importance, yet it appears crowded, noisy and undifferentiated to buyers,” said Josh Bersin, President and CEO of Bersin & Associates, a leading analyst firm in human resources and talent management. “Lumesse’s focus on creating a global brand which focuses on the ‘people benefits’ of talent management gives the company a clear and differentiated vision which goes far beyond the features and capabilities of software itself.”
“Our rebrand to Lumesse is the end of a long project and the start of a new chapter in our history,” said Michelle Martin, Global Head of Marketing. “The brand reflects the kind of company our people said they want to work for – vibrant, human, fun but focused, global in scale but local in execution and, above all, a business that generates fantastic outcomes for its customers and inspiring careers for their people.”
For more information on Lumesse, please visit www.lumesse.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, Bersin, Gartner, HCM, HgCapital, HR Systems, HR Technology, HRchitect, Human Capital Management, Lumesse, Matt Lafata, Matthew Parker, michelle martin, Performance Management, Recruiting, sourcing, StepStone, Talent Acquisition, Talent Management | Permalink
Posted by mattlafata
April 29, 2011
Talent Management Firm Registers Almost 40% Increase in Revenue Over Q1 2010; Signs 79 New Customers
HRchitect includes StepStone in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. 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!
StepStone Solutions, a global leader in talent management, today announced continuing strong revenue growth and particularly high levels of new customer acquisition during the first three months of 2011.
StepStone Solutions signed 79 new customers in the period January 2011 through March 2011 and also contracted with 134 existing customers for increased commitments to the company’s products. StepStone Solutions now serves almost 1,700 businesses in about 70 countries, with well over a million active users of its Software-as-as-Service (SaaS) products.
The company signed new customers in the first quarter in Austria, Belgium, China, Denmark, France, Germany, Italy, the Netherlands, Norway, Russia, Spain, Sweden, Switzerland, the UK and the US.
Matthew Parker, CEO, StepStone Solutions, said: “Our growth and global success in so many regions is a great start to the year. Including acquisitions, our business grew almost 40% over the equivalent period in 2010 as a result of both substantial enterprise wins worldwide, increasing use of our solutions by many existing customers and a continuing low level of customer churn.”
Among the highlights of the first three months of the year were the release of the latest version of StepStone Solutions’ MrTedTalentLink talent acquisition product, with major enhancements to the user experience and the web services API; the winning of a prestigious award — Best Talent Management Software Provider in Greater China 2010-2011; being again named as ‘Leader’ in Gartner’s 2011 Magic Quadrant for Employee Performance Management; and major successes with global customers such as Banque de France, RKW-Group, Knauf, and Peugeot Citroën.
For more information please visit www.stepstonesolutions.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, Gartner, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Magic Quadrant, Matt Lafata, Matthew Parker, MrTed, Recruiting, StepStone, Talent Acquisition, Talent Management, TalentLink | Permalink
Posted by mattlafata
February 17, 2011
Sales Performance Management and Talent Management Leaders to Co-Market SPM Solutions
HRchitect includes StepStone in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. 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!
Synygy Inc., the largest and most experienced provider of sales compensation management and other sales performance management (SPM) software and services, today announced a partnership with StepStone Solutions, a global provider of talent management solutions, to co-market SPM solutions focused on automation of sales force staffing processes.
Sales force staffing processes include the management of sales hiring, on-boarding, coaching, skills and competency assessment, training and certification, and other talent management functions. With increasingly higher expectations of sales force performance, companies that lack an integrated approach to managing processes related to sales force staffing run the risk of negatively impacting sales force productivity by ineffectively hiring and bringing on board salespeople with the desired skills, experience, and qualifications.
The combined solutions for managing sales compensation, sales performance, and sales talent that are provided by Synygy and StepStone Solutions help to drive sales force effectiveness and productivity.
“This agreement is the latest outcome of Synygy’s multi-faceted partnering strategy,” said Mark A. Stiffler, Synygy’s president and CEO. “StepStone Solutions is a leader in web-based talent acquisition and talent management solutions. Our joint solutions further expand our offerings the area of the sales staffing process component of Synygy’s set of a dozen SPM focus areas.”
With complementary geographic and subject matter footprints, the two organizations intend to leverage one another’s strengths to present comprehensive solutions to their clients.
“Companies are taking a holistic approach to their pay-for-performance initiatives,” said StepStone Solutions CEO, Matthew Parker. “Our partnership with Synygy, a world-recognized authority on sales compensation and sales performance management, positions us to address the entire scope of sales operations needs of our client base.”
For more information on Synygy’s sales compensation management, other SPM solutions, and partner programs visit www.synygy.com.
For more information please visit www.stepstonesolutions.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Learning Management, Recruiting, Talent Acquisition, Talent Management | Tagged: compensation, competency assessment, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Mark Stiffler, Matt Lafata, Matthew Parker, sales performance, StepStone, Synygy, Talent Management | Permalink
Posted by mattlafata
January 24, 2011
HRchitect includes StepStone in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. 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!
StepStone Solutions, a global leader in talent management solutions, is pleased to announce the appointment of Nick Discombe to its Board as Chairman. Nick’s appointment follows the management buyout of StepStone Solutions from Axel Springer, with funding provided by HgCapital. Nick, who brings extensive experience leading and managing global technology businesses, will help the Board and management team under CEO Matthew Parker to continue driving the rapid global growth of StepStone Solutions. The company, which provides talent management solutions to customers such as Royal Bank of Scotland, BMW, Sara Lee, Hang Seng Bank and Philips, has seen year-on-year revenue growth in excess of 40% in 2010 and predicts accelerated growth globally going forward.
“StepStone Solutions is a very exciting company with world-class technology,” said Nick Discombe. “Talent is increasingly recognised as the next big differentiator in success for companies in global markets. StepStone Solutions has the industry’s most globally capable talent management solution, an extensive international footprint of offices across the world, and a great management and staff team that is passionate about creating success for its customers. I’m very much looking forward to working with them all to build a very strong future.”
“We’re delighted to have Nick Discombe on board,” adds Matthew Parker, StepStone Solutions’ CEO. “His track record of leading both public and private high-growth technology companies, especially in a global market, will be invaluable to us as we grow StepStone Solutions both organically and by targeted acquisitions. Combined with the backing we have from HgCapital, one of Europe’s leading technology investors, it provides huge confidence for the future.”
Nick Discombe was previously CEO of US based Witness Systems. Prior to Witness Systems he spent five years as CEO of Eyretel, and also served as president at Synon Europe. Nick is active in the US/UK private equity & venture community, with current roles at Iris Software Limited, insurance software company SSP, and as an advisor to a number of early stage companies including SaaS software company Thomson On Line Benefits. Previous Chairman roles include Complinet Limited, and Rolf & Nolan. Besides Nick’s PE/VC activities he is also a Visiting Lecturer and is an active investor in fine wine.
For more information please visit www.stepstonesolutions.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Matt Lafata, Matthew Parker, Nick Discombe, StepStone, Talent Acquisition, Talent Management | Permalink
Posted by mattlafata
January 15, 2011
HRchitect includes StepStone in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. 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!
StepStone Solutions, a global leader in talent management solutions, has introduced the latest version of its SaaS-based, enterprise-level talent acquisition solution, MrTedTalentLink version 10.1. The new version adds extensive new configuration capabilities, an enhanced apps library with new generation apps, and numerous workspace improvements. MrTedTalentLink v10.1 is immediately available for all customers through StepStone Solutions global hosting centres.
“The product roadmap for version 10.1 was driven by customer requests, and delivers enhanced usability and configuration capabilities to support our customer’s stated talent acquisition priorities,” says Matthew Parker, StepStone Solutions’ CEO. “For example, by creating a configurable candidate personal information form, recruiters have full control over the candidate experience. This new feature underlines the flexibility of our SaaS solution.”
Other key new features delivered to customers in StepStone Solutions MrTedTalentLink 10.1 include:
Substantial enhancements to the application process that give the recruiter full control over the candidate experience through new configuration options within the Personal Information Form (PIF). Each site or sourcing channel can present a different PIF, allowing an optimised experience for each job type and control of the candidate experience during the application process. The availability of Custom Translation Sets for standard labels in the application process also allow tailoring the application process to use it for a variety of purposes. Finally, candidates who apply within their candidate career portal now enjoy the Auto Save of their application every time they navigate from one step to the next.
MrTedTalentLink comes with a redesigned apps library for faster and more convenient navigation, and faster search. StepStone Solutions is introducing a new generation of more complex apps – such as the pre-screening app – allowing recruiters to make decisions on a candidate directly from the workspace.
In MrTedTalentLink v10.1 the workspace logic has been enhanced, resulting in a much faster loading time when navigating to the workspace.
New additions in the area of volume recruitment and time sheet management, such as Form Sharing, which enables recruiters to re-use the output of screening steps for later applications, and the possibility to define multiple timesheets approvers for contractors.
MrTedTalentLink v10.1 is now available for all customers using MrTedTalentLink.
For more information please visit www.stepstonesolutions.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Matt Lafata, Matthew Parker, MrTedTalentLink, Recruiting, StepStone, Talent Acquisition, Talent Management | Permalink
Posted by mattlafata
August 27, 2010
HRchitect includes StepStone in our list of top Talent Acquisition Systems and Top Talent Management Systems 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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!
StepStone Solutions, a global leader in Software-as-a-Service (SaaS) Talent Management solutions, has completed the acquisition of privately-owned e-recruitment software provider MrTed. The acquisition adds over 130 customers to StepStone Solutions’ existing customer base of 1,500 global businesses, including names such as France Telecom, Heineken, SGS, Alexander Mann Solutions, Wolters Kluwer, and Randstad. The acquisition accelerates StepStone Solutions’ global growth, extends its product set and widens its existing SaaS capability. For more information see www.stepstonesolutions.com
MrTed’s highly regarded MrTedTalentLink product, a fully SaaS-based offering, is recognised for a high level of innovation and flexibility in its architecture, which allows it to be rapidly configured to support individual user requirements within the context of a standardised, SaaS-based corporate environment. As such it delivers both high levels of user satisfaction and operational efficiency while remaining cost-effective to deploy and manage in the largest, multi-national enterprise talent acquisition projects. MrTedTalentLink has earned top marks from industry analysts. Gartner Group, positioned MrTed in the “Visionaries” quadrant of its 2009 Magic Quadrant for e-Recruitment Software. In its 2009 and soon-to-be-published 2010 studies of talent acquisition systems, Bersin & Associates highlights MrTedTalentLink’s advanced cloud architecture, application portability and dynamic user interface.
“Our immediate experience of working with the MrTed team, customers and products has been very rewarding, with a strong similarity in our cultures and processes,” said StepStone Solutions CEO, Matthew Parker. “The increase that MrTed brings in many areas of capability, combined with the global reach, customer base and market expertise of StepStone Solutions, give us an unmatched ability to serve customers of all types and sizes in every market including Europe, Asia-Pacific and the US.”
“This acquisition makes absolute sense,” said Josh Bersin, president of Bersin & Associates, a leading research and advisory firm focused on enterprise talent management and learning. “Combined, these two companies have significant global market share. We estimate that the talent acquisition market will continue to grow by about 10% over the next year, with much of that growth coming from global expansion. Stepstone Solutions is well positioned to capitalise on this opportunity.”
The MrTedTalentLink product will continue to be developed, marketed and fully supported under the ownership of StepStone Solutions.
“I’m delighted that MrTedTalentLink, our staff and customers have found such a great home under the StepStone Solutions brand,” said Jerome Ternynck, MrTed’s former CEO, who will continue to work with StepStone Solutions in an advisory capacity. “Our customers should be particularly pleased as this acquisition will enhance the value they will get from their investment in MrTedTalentLink through the greater resources of a major player like StepStone Solutions.”
For more information please visit www.stepstonesolutions.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: Applicant Tracking, Gartner, HCM, HR, HR Systems, HRchitect, Human Capital Management, Josh Bersin, Matt Lafata, Matthew Parker, MrTed, StepStone, Talent Acquisition, Talent Management, TalentLink | Permalink
Posted by mattlafata
August 2, 2010
Creating a Strong Foundation for the Future
HRchitect includes MrTed and SmartRecruiters in our list of top Talent Acquisition Systems vendors that businesses should consider. Jerome Ternynck, CEO of MrTed appeared on the HRchitect WebMingle on May 22, 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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!
MrTed Ltd., the leading provider of on-demand Talent Acquisition Solutions, today announced it is being acquired by StepStone Solutions, a global leader in Talent Management Solutions. Over 1,500 organisations in 40 countries rely on StepStone Solutions every day to improve their business performance, build effective talent strategies, and to help their people have more effective, enjoyable and rewarding careers. StepStone Solutions operates in 16 countries and employs around 450 people.
“As our industry consolidates, integrating MrTed’s business into StepStone Solutions makes a lot of sense for both sets of customers and provides a safe pair of hands for the future. It creates a powerhouse software company with a truly global footprint, an unmatched product set and great financial strength,” said Jerome Ternynck, CEO and co-founder of MrTed. “Our aim is to ensure that the integration of MrTed into StepStone Solutions has only positive results for our customers and employees, and I am personally delighted to be continuing to work with StepStone Solutions in an advisory capacity.”
This acquisition is part of StepStone Solutions’ strategic plan to continue growth as a world leader in the talent management market. “For customers and prospects of both companies this is extremely exciting. Looking forward, the strength of both companies will enhance the experience and means by which business managers interact with their talent and HR colleagues, generating greater value for their businesses,” said StepStone Solutions CEO, Matthew Parker. “We have created a very strong combined player with unique capabilities to meet customer needs in terms of global reach, financial strength and product set.”
For more information please visit www.stepstonesolutions.com
Matt Lafata, HRchitect
Leave a Comment » | HCM, HR, HR Technology, Human Capital Management, Recruiting, Talent Acquisition, Talent Management | Tagged: HCM, HR Systems, HR Technology, HRchitect, humn capital management, Jerome Ternynck, Matt Lafata, Matthew Parker, StepStone, talent MrTed | Permalink
Posted by mattlafata
March 29, 2010
Successful online jobs exchange to remain with Axel Springer / Portfolio optimization and concentration on core business / Purchase price of EUR 110 million
HRchitect featured StepStone 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 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.
Axel Springer AG has sold the “Solutions” business of its subsidiary StepStone ASA to the financial investor HgCapital LLP. Based in London, the company will acquire the provider of talent management software solutions for a purchase price of EUR 110 million. The online jobs exchange StepStone, one of the leading Internet job markets in Europe, will remain with Axel Springer, where it will strengthen the company’s digital positioning in the core business of online classified ad markets.
Dr. Mathias Döpfner, CEO of Axel Springer AG: “Following the sale of the talent management software business, StepStone will be able to concentrate on an important pillar of our core business, the online jobs market. I am pleased that we have found a suitable investor for the ‘Solutions’ business unit, one that will promote the further development of this software provider under one roof and provide appropriate prospects for the employees.”
In several steps between 2008 and 2009, Axel Springer AG purchased all the equity shares of StepStone ASA. Based in Oslo, the profitable company, which operates job exchanges in ten countries, generated revenues of EUR 100.1 million in business year 2009.
HgCapital LLP is one of the leading private equity investors in Europe. The company focuses on medium-sized investments. As one of the first private equity companies, HgCapital LLP has formulated a strategy that is focused on selected sectors: consumer goods, renewable energies, health care, industry, recreation, services, and technology.
The transaction is pending, subject to the approval of the competent cartel authorities.
For more information on StepStone, please visit www.stepstone.com
Matt Lafata, HRchitect
Leave a Comment » | Uncategorized | Tagged: Axel Springer, HCM, HgCapital, HR Systems, HRchitect, Human Capital Management, Matt Lafata, StepStone, Talent Management System | Permalink
Posted by mattlafata
August 26, 2009
HRchitect featured StepStone 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 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.
Puma, Germany’s leading multi-category sport lifestyle brand, has chosen StepStone, a global leader in talent management, to support its human capital strategy. This high-profile project, known as people@Puma, proves once again that StepStone can deliver real business improvement in the highly complex area of global talent management:
According to Dr. Wolf-Bertram von Bismarck, Director of Corporate Human Resources at Puma: “Our ‘people@puma’ project is a key component of our staff strategy. The solution allows us to accurately identify key talent within Puma and their career progression in the company. Similarly, the goals of employees regarding their personal development can be identified and managed. It brings us a true win-win situation where both the company and the employees benefit.”
“The decisive factors in Puma choosing our solution were its high level of integration and its substantial flexibility,” says Dr. Carsten Busch, Managing Director of StepStone Solutions Germany. “The solution impressed Puma as a complete package, with modules that cover the full range of strategic talent management processes. In addition, the availability of interfaces to SAP Payroll and the rapid implementation of a fully-featured system made us the clear favorites.”
For more information on StepStone, please visit www.stepstone.com
Matt Lafata, HRchitect
Leave a Comment » | Uncategorized | Tagged: Dr. Carsten Busch, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Integrated Talent Management, Matt Lafata, people@puma, Puma, SAP Payroll, StepStone, Talent Management Systems | Permalink
Posted by mattlafata
August 4, 2009
StepStone continues to deliver positive results in a very challenging market – 12% EBITDA margin and €2.5m cash from operations in Q2 2009
HRchitect featured StepStone 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 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.
Highlights
- Revenue of €24.7m
- Adjusted EBITDA of €2.9m; 12% margin
- €2.5m cash generated from operations
- Recurring revenues from talent management products up by 25% year on year
- Online delivering 27% EBITDA margin whilst market still declines for jobs
- Continued focus on cost management; Quarterly operating cost base down €4.7m (18%) since Q4 08
- 55 new talent management customers contracted; customer churn remains stable at under 1%
Results for the quarter
StepStone has delivered another profitable quarter despite unprecedented challenging economic conditions in all markets. Total revenue in Q2 2009 was €24.7m. The company delivered Q2 2009 adjusted EBITDA of €2.9m and generated cash from operations of €2.5m.
Demand for Online recruitment products, which advertise current job vacancies, has fallen sharply in the last two quarters as the vast majority of employers continue to either freeze or reduce headcount. The volume of business contracted has decreased by close to 50% in six months.
The rate of decline in demand in the second quarter of 2009 was considerably less than that in the first quarter, indicating that the bottom may be near. However, there are no reliable indicators supporting a sustainable upturn in demand for online recruitment products in the second half of 2009. The company is assuming that the challenging market conditions for Online products will continue through to the end of 2009 and is managing Online costs and profitability accordingly.
Demand for talent management products continued, albeit at a slower pace, as customers sought to manage their cost bases more effectively and efficiently. The revenue base continues to move towards highly predictable recurring revenue in the form of monthly fees and away from more volatile one-time license fees and professional services. StepStone’s ‘Software as a Service’ (SaaS) model is attractive to new customers, providing a low entry cost to an enterprise-level solution, as well as predictable costs geared to the delivered service.
A total of 55 new customers subscribed for StepStone’s talent management products in Q2 2009 and a record 101 existing customers extended their usage. Cancellations during the quarter remained minimal at under 1% by value.
Customers are increasingly choosing inherently more predictable subscriptions in preference to licences, with revenue from licences now only 7% of quarterly revenue compared to close to 10% a year ago. The recurring revenue base from Solutions customers increased 25% between Q2 2008 and Q2 2009. Recurring revenue represented 58% of Q2 2009 Solutions revenue, up from 48% a year ago.
Retention and market share growth during this unprecedented economic slowdown remains a strong focus for the company. StepStone continues to build its commercial capabilities with a number of key new hires joining the company in the last quarter.
Notable was the encouraging customer response to the marketing initiatives launched in the quarter. These have included a series of global customer seminars in 18 locations and the launch of a new web based ‘talent strategy assessment’ tool.
Results for professional services, primarily targeted at implementation of talent management products, remain under pressure. Lower volumes of new customers compared to a year ago together with declining day rates has resulted in revenue from professional services decreasing 17% from that in Q2 2008.
The company has continued to focus on its cost base. Operating costs for Q2 2009, which included all related redundancy costs, were €21.8m. Close to €5m has been removed from the company’s operating cost base over the last eight months and further reductions are planned over the remainder of 2009.
During the quarter StepStone settled, in cash, the remaining deferred consideration of €2.4m due in respect of the acquisitions of LVE and Sourcea. As a result the company has no further cash based obligations for past acquisitions. The only remaining deferred consideration is €3m in respect of ExecuTRACK which will be settled by the issue of 1.8 million new shares at the end of 2009.
The Company also took the opportunity to repurchase €1.2m of its Loan Notes 2010 reducing the balance in the market to just €3.2m.
The company ended Q2 2009 with €30.7m of cash and only €12.6m of interest bearing debt. In addition the company has access to over €20.0m of undrawn banking facilities, subject to covenants.
For more information on StepStone, please visit www.stepstone.com
Matt Lafata, HRchitect
Leave a Comment » | Uncategorized | Tagged: Applicant Tracking Systems, executrack, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Integrated Talent Management, Matt Lafata, StepStone, Talent Acquisition Systems, Talent Management Systems | Permalink
Posted by mattlafata
July 11, 2009
HRchitect featured StepStone 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 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.
StepStone (OSE:STP)(LSE:STPS), Europe’s leading provider of human capital management solutions, today announces that MTV Networks, the world’s most watched television network, is now using StepStone’s e-recruitment solution to drive online recruitment across its business, reduce time to hire and cut recruitment costs. MTV joins other media businesses, including Channel 4, RTL and Bertelsmann, that have implemented StepStone solutions to streamline their recruitment processes and attract the most talented candidates.
“StepStone’s solution will cover both the MTV and Nickelodeon brands,” explains Kelvin Warburton, HR Manager, MTV Networks. “We want and need to hire the most talented people in every role, to keep MTV as the best, most successful network TV provider. We chose StepStone because of its track record in promoting employer brands through offering a great candidate experience, which is a must for a brand of our global stature, and for its ability to reduce time and cost to hire.”
Home to comedy, music and children’s TV channels, such as MTV, Comedy Central and Nickelodeon, MTV Networks has 122 channels and 94 websites, attracting audiences of more than 440 million households in 167 countries. The StepStone implementation covers MTV Networks UK & Ireland, MTV Networks International and MTV Networks Emerging Markets, enabling candidates to apply for positions through its online careers site, www.mtvcareers.co.uk.
Like many companies, prior to implementing the StepStone solution, MTV had a mainly paper-based recruitment process. The implementation of StepStone’s platform has streamlined the process from initial application through to starting and beyond, and reduced the administrative burden placed on the team members. As part of the implementation, StepStone supported the network’s plans to introduce an Intranet site highlighting internal job opportunities to improve the ratio of internal to external hires and help retain MTV’s top talent.
“This was a very well run project by StepStone,” adds Brian Coghlan, the Project Manager at MTV. “Thanks to a lot of dedication by all involved, it was delivered on time, to budget and to requirements – what more could we ask for?”
Matthew Parker, Group Managing Director of StepStone Solutions, comments: “In a tough market, finding and keeping the best people just gets more and more important. Smart businesses are developing their employer brands to attract and engage with great candidates. Companies like MTV understand the wider impact of brand perception in the recruitment process, in addition to the significant cost and time savings e-recruitment solutions can help achieve.”
For more information on StepStone, please visit www.stepstone.com
Matt Lafata, HRchitect
Leave a Comment » | Uncategorized | Tagged: Applicant Tracking Systems, HCM, HR Systems, HR Technology, HRchitect, Human Capital Management, Integrated Talent Management, Matt Lafata, Matthew Parker, MTV, recruitment, StepStone, Talent Acquisition Systems, Talent Management Systems | Permalink
Posted by mattlafata
April 29, 2009
HRchitect featured StepStone 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 vendors that businesses should consider.
StepStone (OSE:STP)(LSE:STPS), the leading provider of human capital management solutions, today announced a series of global seminars spanning 21 cities designed to highlight how it’s now HR’s time to shine. The roadshow will demonstrate how HR departments can take advantage of the slowdown and show their true value by helping their organisation win what StepStone has identified as the Cold War for Talent. A global survey of the world’s largest employers, published recently by StepStone, showed that despite widespread redundancies, many organisations are still finding it difficult to recruit and retain top talent.
StepStone’s seminars, which will take place during May and June visiting cities in the UK, Europe, Asia Pacific, Middle East, Africa and North America, will discuss how HR can increase its positive impact on the business by retaining its greatest talent assets, assess and develop employee skills to optimise internal resources and how to minimise the effects on workforce motivation if redundancies prove unavoidable.
The seminar will allow attendees to learn from other organsiations, including Mouchel about the talent management challenges they have faced as well as industry experts, such as PA Consulting who will be sharing their best practice thinking on workforce planning and analytics. The interactive sessions provide a unique opportunity for HR executives to evaluate their Talent Strategy with StepStone’s assessment tool, share experiences, network with other talent management professionals and focus on a specific topic of choice in a 1:1 session with a StepStone Best Practice Consultant.
“Our events come at a crucial time for the HR industry,” explains Jim Cassidy, Chief Marketing Officer. “Our recent global research identified the slowdown as an opportunity for HR to shine. Under the guidance of HR, a company can extract huge value from its talent strategy, drive cost savings and optimise its workforce. HR should hold the responsibility of managing internal and external talent, helping the business reposition itself for success once recovery begins.”
For more information on StepStone, please visit www.stepstone.com
Matt Lafata, HRchitect
Leave a Comment » | Uncategorized | Tagged: HRchitect, Integrated Talent Management, Jim Cassidy, Matt Lafata, StepStone, Talent Management Systems | Permalink
Posted by mattlafata
