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MindSolve and Palladium Develop Strategic Employee Performance Management Solutions: Solutions Help Improve Management of Human Capital Investments

New alliance between MindSolve and Palladium brings together the two most powerful tools a global corporation can use to out-execute the competition -- Employee Performance Management (EPM) software and Balanced Scorecarding.

Gainesville, FL; Lincoln, MA (PRWEB) August 18, 2006 -- Companies looking for help executing strategy through improved management of human capital investments now have an integrated option thanks to an alliance between MindSolve Technologies, Inc., the pioneer in integrating employee performance management with business intelligence, and Palladium Group, Inc., the world’s leading authority on strategy execution.

MindSolve and Palladium have developed an integrated strategy-focused talent management offering. "While organizations see the importance of developing every employee’s potential — and acknowledge that every employee’s contribution can indeed improve organizational performance — some jobs have a much greater impact on the organization’s strategy than others. Most talent management programs attempt to meet the needs of 100 percent of a company's employees, thereby under investing in the jobs that really make a difference. The joint offering helps organizations focus on the critical job families that will drive the execution of business strategy" says David Norton, president of Palladium.

Palladium starts by working with companies to translate their strategic goals and link them into clearly defined operational terms and processes by leveraging the Balanced Scorecard methodology. During this process, we also identify and map a human capital readiness strategy

Organizations can then leverage MindSolve to help them execute their talent management strategy using MVP employee performance management software.

"Palladium starts by working with companies to translate their strategic goals and link them into clearly defined operational terms and processes by leveraging the Balanced Scorecard methodology. During this process, we also identify and map a human capital readiness strategy," says Norton. "Organizations can then leverage MindSolve to help them execute their talent management strategy using MVP employee performance management software."

MVP provides a complete suite of employee performance management tools for enterprise users. The web-based solution includes goal alignment, performance appraisal, 360-degree feedback, development planning, and succession planning modules.

MindSolve General Manager Dan Boccabella, adds, "This alliance with Palladium offers our users a powerful combination of employee performance management and corporate strategy alignment tools. The integration is unique in that it gives organizations a true enterprise-wide focus on executing strategy, allowing them to develop the best corporate strategy and then execute that strategy by driving business goals down to the level of the individual employee."

About MindSolve.
MindSolve Technologies, Inc. is a privately held company headquartered in Gainesville, Florida. In 1994, MindSolve revolutionized Employee Performance Management with the introduction of visual, user-friendly multi-rater assessment. In 1998, MindSolve offered the industry's first web-based drag & drop workforce performance management software.

MindSolve offers web-based software solutions with related professional services for users in over 50 countries worldwide. Employee Performance Management applications include performance appraisal, 360 feedback processes, goal alignment and accountability, employee development, salary and compensation planning, career and succession planning, executive coaching and leadership training, competency management, and organizational development. MindSolve’s MVP Enterprise suite is a high-performance suite with enterprise-level functionality and sophisticated configurability. For more information, visit www.mindsolve.com.

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 eight 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 www.palladiumES.com.

Media Contacts:

Helene Goldson
MindSolve Technologies, Inc.
352.264.2800, ext. 221
e-mail: info @ mindsolve.com

Anne Stein
Palladium Group, Inc.
864.244.2952
e-mail: anne.stein @ palladiumES.com

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

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