IE-Engine and HR.com Expand Partnership to Help Employers Lower Cost and Increase Quality of HR Services

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When used in tandem with IE-EngineÂ?s HR Cost Management services and technology, insights into vertical HR markets such as training, compensation and recruiting enable best practices in procurement and vendor management across HR department.

IE-Engine and HR.com Expand Partnership to Help Employers Lower Cost and Increase Quality of HR Services. When used in tandem with IE-Engine’s HR Cost Management services and technology, insights into vertical HR markets such as training, compensation and recruiting enable best practices in procurement and vendor management across HR department.

Waltham, Mass., AND Toronto, Ontario. October 27, 2004. IE Engine Inc., the leading provider of Human Resource Cost Management (HRCM) services and technology, today announced an expansion of their strategic partnership to integrate HR.com’s vertical market data and domain expertise into IE-Engine’s HRCM services and software.

Powered by expertise from HR.com, IE-Engine will now provide industry data well beyond health and welfare to include all of the major HR vertical marketplaces. The resulting combination will give employers, as well as their brokers and consultants, a platform for achieving best practices in procurement and vendor management across every major HR function.

"In today’s competitive market, HR executives must look at their costs holistically to lower costs and increase service quality," said Brent Bannerman, founder and VP of business development, IE-Engine. "For employers that have not established a standardized, best practices approach to procuring and managing all HR services, the combination of our HRCM service with the industry data and domain expertise of HR.com now provides a complete solution for the entire HR department." Using technology and unbiased research to evaluate different product offerings enables an HR Executive to make a more educated decision, ensure all purchasing opportunities are Sarbane Oxley compliant and ensure all vendor commitments are documented. In addition, the system comes localized with RFP's and RPI's that can be localized to individual company’s needs.

IE-Engine & HR.com Empower Employers

When an employer has to go-to-market to acquire an HR service, such as leadership training, for example, the IE-Engine system comes pre-loaded with actual RFP/RFI content, 100 plus Leadership Vendor offerings, client testimonials, and market segmentation from HR.com. The pre-loaded content which includes such things as vendor questionnaires, relevant pricing scenarios, required service offerings, performance benchmarks and required regulatory compliance, can be completely customized to an employer's specifications.

By coupling IE-Engine’s HRCM services with data and expertise from HR.com, employers can go-to-market faster and more intelligently than ever before. With a growing roster of more than 400 HR services vendors in its system, IE-Engine enables employers to approach any open market for required services in an extremely efficient manner.

Once RFP’s and renewals are completed within the IE-Engine system and vendor contracts have been signed, all of the data collected as part of the process is utilized to track vendor performance. This information is also available when it comes time to renew a contract or go to market again.

"The combination of HR.com and IE-Engine not only gives employers first-time access to critical HR services data, but also a platform for action and execution," said Debbie McGrath, founder of HR.com. "This partnership will enable employers to achieve an unprecedented level of process efficiency, cost savings, vendor quality and regulatory compliance."

About IE-Engine

For HR Executives and employee benefits consultants and brokers, IE-Engine (http://www.IE-Engine.com) is the leading provider of human resource cost management (HRCM) services and technology. Through its application of proprietary, HR-specific software applications and expertise, IE-Engine drastically improves the process, management and costs associated with purchasing and managing HR services for companies such as Ford, Staples, Lucent, Watson Wyatt, and Hilb, Rogal & Hobbs. Founded in 1999, IE-Engine is a privately-held company that is headquartered in Waltham, Mass.

About HR.com

People are the key to a company's success. Today’s executives know the true value of including their senior Human Resource (HR) professionals in the big boardrooms, as they offer viable and valuable solutions to issues like leadership, hiring practices, HR technology, benefit cost containment, performance management, and much more. And where does HR turn for the expertise they need?

HR.com is the #1 resource for strategic HR professionals in the U.S., Canada and Europe. Its mandate is to educate and inform the HR community a host of different ways: an online magazine with over 10,000 articles (including regular columns with Thought Leaders, Industry Experts and Analysts), free educational online learning seminars, annual gala events (Power of People Series), in-depth research reports, a network of practitioners, and much more. Positive response in the marketplace has led to HR.com’s success and growth, and will continue to do so in the years ahead.

Contact:

Debbie McGrath, CEO

HR.com                         

dmcgrath@hr.com                

1-877-472-6648, ext. 104                

Brent Bannerman, Founder

IE-Engine

bbannerman@ie-engine.com

781-758-4143

Michael DiLorenzo

Fama PR

IE@famapr.com

617-758-4143

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Debbie McGrath and Terri Joosten
HR.com
905-727-1340
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