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Major U.S. Commercial Airline Extends Use of Workstream to Manage Compensation Planning
Publish Date : 1/24/2008 7:06:00 AM   Source : IT and Management News Onlypunjab.com

Workstream Inc. (NASDAQ: WSTM), a leading provider of on-demand compensation, performance, and talent management solutions, today announced that a major U.S. commercial airline has extended its agreement to use the Workstream on-demand compensation management solution. The four-year extension to include 10,000 additional employees will enable the airline to continue using Workstream to manage compensation planning for thousands of employees worldwide.

The airlines’ decision to extend its use of Workstream for compensation planning coincides with recent and significant industry recognition for Workstream. In a comprehensive study of leading talent management suites published this month by Bersin & Associates, a research and advisory firm, Workstream earned top marks for its compensation management capabilities. More information about this achievement can be found at http://www.workstreaminc.com/company/news_press_releases.asp.

“Workstream continues to show its leadership in on-demand talent management through this significant extension of service with one of the top five U.S.-based airlines,” said Deepak Gupta, CEO for Workstream. “The potential for a slowdown in the economy drives the need for organizations to implement improved compensation practices and integrated pay-for-performance processes.”

Workstream Compensation 7.0 is the most flexible and globally capable set of on-demand compensation solutions on the talent management market. The combined products enable end-to-end management of all types of enterprise compensation, including salary, merit increases, variable pay, stock awards and non-cash incentives. Compensation 7.0 leverages Workstream TalentCenter’s single, unified user experience and integrated knowledge-management capabilities to ensure a strategic total compensation solution. In addition, the Compensation 7.0 products can be implemented separately or together, allowing organizations to achieve the goal of realizing a flexible pay-for-performance philosophy at their own pace.

About Workstream

Workstream provides on-demand compensation, performance and talent management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Performance, Compensation, Development and Transition. Access to TalentCenter is offered on a monthly subscription basis under an on-demand software delivery model to help companies build high performing workforces, while controlling costs. With offices across North America, Workstream services customers including Chevron, Kaiser Permanente and Wells Fargo.



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