SilkRoad technology-Sponsored Report Highlights Reduced Training Costs, Greater New Hire Engagement Through Use of Social Networking Tools

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Complimentary copy of report made possible in part by SilkRoad sponsorship

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This report proves that keeping talent engaged, from their first encounter with the company through training and beyond, can significantly impact the quality of hires. It also can dramatically reduce training costs

Winston-Salem, N.C. (PRWEB) July 9, 2009 -- Organizations using blogs, wikis, internal social networks and other online collaboration tools throughout the talent management lifecycle demonstrated a 39 percent reduction in training costs while improving engagement and quality of hire by 33 percent according to a recent Aberdeen Group study sponsored in part by SilkRoad technology, inc., the leading provider of talent management solutions. The study, "HR Executive's Guide to Web 2.0: Cracking the Code for Talent Management" provides a roadmap to Web 2.0 tools and examines how leading organizations achieve success by using social networking technologies throughout the talent management lifecycle.    

Aberdeen interviewed well over 500 organizations for the study and found organizations utilizing Web 2.0 tools were twice as likely to achieve Aberdeen's Best-in-Class designation. The report found 55 percent of all organizations that achieved the Best-in-Class designation utilized Web 2.0 tools to facilitate knowledge transfer and 36 percent used the tools to connect employees with colleagues within the organization. Social networking strategies used include company forums, employee communities, enterprise social networking, and employee profile pages.

"Organizations utilizing key social networking tools internally, such as employee forums/discussion groups and internal employee communities achieved a 37% year-over-year improvement in engagement - over three times the improvement seen by organizations not utilizing these technologies," said Mollie Lombardi, research analyst, human capital management at Aberdeen and co-author of the report.

A complimentary copy of the Aberdeen report has been made available in part by SilkRoad at: http://www.aberdeen.com/link/sponsor.asp?cid=6070.

"This report proves that keeping talent engaged, from their first encounter with the company through training and beyond, can significantly impact the quality of hires. It also can dramatically reduce training costs," said SilkRoad technology CEO, Andrew J. "Flip" Filipowski. "We always welcome the opportunity to participate in a study with Aberdeen and help make valuable information available to other organizations, allowing them to better recruit and retain the best employees for their teams."

SilkRoad provides its clients - which include 62 of the Fortune 500 group of companies - with comprehensive talent management solutions. These integrated solutions manage the entire employee life cycle, cutting millions of dollars in human resources costs. With its award-winning Life Suite™, SilkRoad assists companies to attract best-fit talent, manage onboarding & employee transitions, maximize employee performance, provide a centralized learning management system, and deliver accurate information with employee intranets and content management systems.

About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service (SAAS) solutions that significantly improve the talent within its more than 1000 customers across the globe. Through SilkRoad's Life Suite™, an integrated talent management solution, companies are able to hire better employees, identify high and low performers, drive a pay-for-performance culture and improve employee tenure. The SilkRoad Life Suite solution set includes OpenHire™, for recruiting management, RedCarpet™ for employee onboarding and life events, WingSpan™ for flexible employee performance management, GreenLight™ for learning management, and Eprise™ for employee intranets and content management.    

SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; Red Bank, NJ; Jacksonville, FL; Edmonton, Canada; Singapore; Sydney, Australia and Hamburg, Germany. More information is available on the Web at http://www.silkroad.com or by phone: U.S. toll free at 866-329-3363 or internationally at +1-336-201-5100.

About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.

As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748.

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