We look forward to showing potential clients and the industry at large how we’ve translated those strengths into the employee performance management arena.
Chicago, IL (PRWEB) June 20, 2008
Cytiva Software, Inc. (CRX:TSX.V), a leading provider of on-demand talent management solutions, unveils its new SonicPerform employee performance management system for mid-sized organizations. The unveiling of SonicPerform corresponds with Cytiva’s recent underwriting of an Aberdeen study that reveals that Best-in-Class organizations that use performance management technology as a performance enabler, achieve significantly higher results than those who don’t.
Cytiva’s new SonicPerform is designed to be a refreshing change of pace for organizations who want to automate the process of aligning employees around key goals, tracking and encouraging performance feedback year round and improving the quality and relevancy of performance evaluations.
The Aberdeen study reveals that while less than one half of Best-in-Class organizations currently utilize an automated employee performance management (EPM) system, organizations that do are achieving greater average performance gains across all key performance indicators that end-user organizations assigned to employee performance management. This includes more than 600% greater improvement in employee time-to-productivity, 119% increase in goals attained and more than 700% greater increase in employee retention than organizations with a manual EPM system.
“Cytiva’s SonicRecruit recruiting software is well established as a world class applicant tracking system because of its flexibility and high levels of service,” said Jason Moreau, CEO of Cytiva Software Inc. “We look forward to showing potential clients and the industry at large how we’ve translated those strengths into the employee performance management arena.”
Cytiva will be showing the SonicPerform employee performance management system and the SonicRecruit talent acquisition system at Booth #538 at the 60th Annual SHRM Conference & Exposition, June 22 - 25, 2008 at McCormick Place in Chicago, IL.
About Cytiva Software Inc.
Cytiva Software Inc. (CRX:TSX.V) provides innovative on-demand talent management software and services to mid-sized and Fortune 500 companies. Its flagship talent acquisition product, SonicRecruit, allows corporations to screen applicants, automate recruiting departments, customize corporate career sites and hire great people. This premier applicant tracking system improves recruiting effectiveness, speeding up the hiring process and reducing cost per hire. Cytiva's SonicPerform employee performance management system automates employee evaluations, aligns employees around key goals and encourages year round feedback. For more information, visit http://www.sonicrecruit.com.
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management. Forward-looking Statements: This news release contains forward-looking statements related to the future financial condition and results of operations of Cytiva. These statements are based on current expectations and estimates about the human resources markets in which Cytiva operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate.
Some of the factors which could cause results or events to differ materially from current expectations include but are not limited to: general economic conditions, market or business conditions; changing competitive environment; changing regulatory conditions or requirements; changing technology; and success in implementing productivity initiatives. Some of these factors are largely beyond the control of Cytiva. Should any factor impact Cytiva in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by Cytiva will be realized or, even if substantially realized, that they will have the expected consequences for Cytiva. Readers should not place undue reliance on any forward-looking statements. Further, Cytiva disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.
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