Software streamlines performance management.
Press Release Summary:
Performance Manager is designed to help retain and reward top performers as well as align individual employee goals with corporate objectives. Configurable solution provides two tightly integrated key components underlying pay-for-performance: performance management and compensation planning. It also works with Workscape Compensation Planner, which helps compress performance review cycles, improve review quality, and enable consistent enterprise-wide global performance metrics.
Original Press Release:
Workscape Launches New Performance Management Solution at WorldatWork Conference
MARLBOROUGH, Mass., May 2 -- Workscape, a proven provider of outsourced benefits, compensation and performance management solutions, will officially launch and demonstrate the capabilities of its new performance management offering at the WorldatWork Total Rewards Conference and Exhibition in Orlando Fla. from May 6 - 9, 2007.
As companies today seek innovative ways to retain and reward top performers, they are also moving toward more closely aligning individual employee goals with corporate objectives. Leveraging the same proven technology platform as its award-winning Compensation Planner, Workscape's Performance Manager provides a thoroughly configurable option for organizations that are searching for a performance management solution that can be tightly linked with compensation planning.
"We've repeatedly been approached by our customers to offer the same enterprise-level solution for performance as we do for compensation. In some cases, these customers had initially tried other vendors' performance management solutions and soon discovered serious deficiencies in application performance, usability and configurability," said Tim Clifford, president and CEO of Workscape. He continued, "Because Performance Manager is built on the same platform as our Compensation Planner, we can confidently meet our clients' standards for scalability, reliability and performance. Additionally, employees will find Performance Manager -- which was developed by usability and HR experts -- simple to use and HR departments will find it easily accommodates their organization-specific processes."
An October 2006 report by Jason Corsello, Research Director at Yankee Group, which is entitled Compensation as the Foundation to a Talent Management Strategy noted, "Maintaining visibility, control and alignment of performance and compensation tied to business outcomes has become critical to the success or failure of today's organizations. The ability to leverage performance and compensation data in a single view can provide some compelling insight into what motivates a high-performance employee and can shape the future of the workforce as well as the business."
With the release of Performance Manager, Workscape provides customers with two key components underlying pay-for-performance -- performance management and compensation planning -- which, through tight integration, reduce the IT investment required for data exchange and initial configuration. Whether purchased independently or with Workscape Compensation Planner, Workscape Performance Manager will help compress performance review cycles, improve review quality, and enable consistent enterprise-wide global performance metrics.
Workscape Performance Manager is being demonstrated at the WorldatWork Conference in booth 411.
About Workscape
Workscape is a leading provider of business-critical HR solutions that enable hundreds of organizations to manage their two largest workforce expenditures: employee benefits and performance-driven compensation. Workscape's offerings share a common technology platform, can be readily integrated with existing IT investments, serve millions of employees, and are scalable and configurable to meet the distinct requirements of organizations ranging from 2,000 to over 400,000 employees. One client uses the company's award-winning multi-lingual compensation solution to compensate hundreds of thousands of employees across 70 countries. Workscape's outsourced benefits administration offerings are backed by U.S.-based 7 x 24 support for managers and employees on policies and processes.
For more information about Workscape, visit www.workscape.com or call (888) 605-9620.
CONTACT: Jeanne Achille, of The Devon Group, +1-732-224-1000, ext. 11, jeanne@devonpr.com, for Workscape
