SuccessFactors on-demand technology encourages use by everyone within a company, thereby increasing management’s ability to communicate corporate goals and align employee’s efforts behind them
(PRWEB) December 13, 2006
SuccessFactors, Inc., the leader in on-demand performance and talent management solutions, and Palladium Group, Inc., the world’s leading authority on strategy execution and co-creator of the Balanced Scorecard (BSC), have teamed to jointly deliver talent management solutions that incorporate the world’s most widely recognized Human Capital strategy management and execution methodologies with the most robust, scalable and widely used on-demand performance and talent management technology. Joint customers will benefit from implementing cutting edge technology that incorporates standardized best practices based on the successes of close to 1,000 different customers including industry leaders Kimberly Clark, Reebok International, Direct Energy and others. Additionally, the combination of Palladium’s world renowned strategic management system with particular focus on human capital strategies and alignment from their Human Capital Practice and SuccessFactors’ easy to use, scalable technology will enable customers to quickly and efficiently implement a strategy-focused performance and talent management system architected to deliver quick, measurable results.
"Palladium’s Human Capital Practice helps organizations align human capital to strategy and transform the HR function by enabling it to measure and manage performance," said Dr. David Norton, Co-Chairman of the board at Palladium Group and co-creator of the BSC. "Companies who leverage the BSC methodology as a framework for articulating their strategic priorities and measuring progress against them, at the enterprise and HR department level, have achieved bottom-line results and have ‘earned a seat at the strategy table’ to articulate the value of a workforce aligned to strategy. Organizations can also greatly benefit from incorporating technology to expedite their process."
Continued Norton, "We chose to partner with SuccessFactors because their customer satisfaction mentality mirrors Palladium’s mission to make execution of human capital strategies a core competency for its clients. Furthermore, they support and enhance customers’ efforts around talent management with their on-demand performance and talent management software."
"SuccessFactors on-demand technology encourages use by everyone within a company, thereby increasing management’s ability to communicate corporate goals and align employee’s efforts behind them " said Rob Bernshteyn, Vice President of Product Marketing for SuccessFactors. "Customers who couple SuccessFactors’ technology with Palladium’s globally implemented, award winning human capital management practices can be confident in the thought leadership and track record behind the process, certain of the speed by which the implementation can occur and assured that they will be operating from a position of competitive strength."
SuccessFactors’ technology is available in three distinct offerings. SuccessFactors’ Enterprise Edition is a fully integrated suite of talent management applications, each highly scalable and modular to allow enterprise-size businesses to add additional features easily. Enterprise Edition includes solutions for performance management and 360s, goal alignment, succession planning, compensation, and employee surveys. SuccessFactors Professional Edition includes full-featured software that is customized and priced for growing companies. Unlike other enterprise software that is re-engineered for small and mid-size businesses but offers significantly limited functionality, SuccessFactors Professional Edition incorporates best practices from the company’s 4000 customers, including the insights of world-class HR and management experts. SuccessFactors Manager’s Edition streamlines and automates the performance review process for individual managers and small teams. The SuccessFactors solution is delivered through a hosted software-as-a-service model, requiring no dedicated IT staff for initial implementation or general maintenance.
About Palladium Group Inc.
Palladium Group, Inc, is helping the world’s leading organizations execute strategy by linking strategy management to operational processes, structure and technology. Palladium offers its clients services in Strategy Management, Process Management, Financial Management, Human Capital, and Information Management. Palladium’s highly recognized Strategy Execution Model enables organizations in financial services, life sciences, manufacturing, retail and utilities & energy to benefit from effective strategy execution that results in improved financial results and shareholder value. Headquartered in Lincoln, Mass., Palladium has 10 U.S. offices and international offices in Barcelona, Lisbon, London, Madrid, Munich and Sydney, with an additional nine affiliates throughout Europe, Latin America and Asia-Pacific. Balanced Scorecard Collaborative, Palladium’s education, advisory and research division, manages the BSC Hall of Fame and Office of Strategy Management program. Since its formation in 2005, Palladium has signed more than 185 new customers, giving the company over 550 customers worldwide. For more information, visit http://www.palladiumES.com.
SuccessFactors delivers performance and talent excellence, on demand. The company’s software promotes visibility, accountability, and results, enabling organizations to eliminate the politics that destroy motivation and impede performance. Fueled by the industry's highest renewal rate, SuccessFactors has grown from 300 customers and 1 million users at the end of 2005 to close to 1,000 customers and close to 2 million users in 139 countries, across 40 industries, in 18 languages - all while becoming easier to use everyday. The company has almost doubled the employee base, currently employing close to 400 talented people in 2006. Carefully designed and executed internal growth has allowed the company to provide the same caliber of absolute excellence in execution for customers that catapulted SuccessFactors into the product, customer and revenue leader in the performance and talent management market space. Customers include MasterCard Worldwide, British Telecom, Textron, Salesforce.com, Cooper Tire & Rubber Company, Volkswagen of North America, Reebok, Pep Boys, Lancaster General Hospital and Grant Thornton. The company continues to execute on a level of global excellence through the provision of an industry leading, scalable and secure global hosting operation. Founded in 2001, SuccessFactors has 15 worldwide offices collaborating for strong local support of customers. For more information, visit http://www.successfactors.com or call +1 800 809-9920.
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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