Taleo's Talent Management Suite Powers Skanska with Talent Intelligence

DUBLIN, Calif., May 4, 2011 /PRNewswire/ -- Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced that Skanska, one of the world's leading project development and construction groups with 52,000 employees globally has selected Taleo's unified talent management solution to provide valuable and necessary Talent Intelligence to power growth.

Skanska, headquartered in Sweden, was one of the early adopters of talent management principles in 2003.  Using Taleo's recruitment, performance management, goal development, and career and succession planning, Skanska will have an integrated and tailored approach to Talent Management.

"Skanska's key to success is our skilled people. Implementing a global system for recruitment and Talent Management supports our goal of providing excellent development for our current employees and great opportunities for new talent coming to Skanska," said Veronica Rorsgard, Senior Vice President for Human Resources at Skanska.

According to a McKinsey report, "Talent management practices power engaged companies to achieve higher profit per employee by nearly 40%."(1) As a result of using Talent Intelligence, Skanska will have improved visibility into the talent that powers the organization, allowing them to better understand how to recruit, retain and mobilize human resources for better business performance. Taleo's platform provides a single, unified view of talent across the organization, spanning the entire employee lifecycle.

By implementing Taleo's unified talent management suite, Skanska will be able to recruit the best talent; successfully align their people to their business objectives; provide an ongoing program of performance management and employee coaching; develop effective succession planning and build leadership pipelines.

"Many businesses have Talent Intelligence gaps which prevent them making the best decisions about their workforce," commented Adam Brenner, Group Vice President EMEA, of Taleo. "By closing the Talent Intelligence gap, they will be able to recruit, train and retain the best people to drive growth in their business."

(1) Source: Why Multinationals Struggle to Manage Talent, McKinsey

About Taleo

Talent Intelligence: Know your people, Grow your Business™

Taleo's (NASDAQ: TLEO) cloud-based talent management platform unites products and an ecosystem to drive business performance through Talent Intelligence. Over 5,000 customers use Taleo for talent acquisition, performance, learning and compensation management, including 47 of the Fortune 100. Further, Taleo's Talent Grid cloud community harnesses the expertise of Taleo customers, more than 200 million candidates to date, and 140 partners and industry experts.

Forward-looking Statements

This release contains forward-looking statements, including statements regarding the demand for and benefits from the use of Taleo's solutions. Any forward-looking statements contained in this press release are based upon Taleo's historical performance and its current plans, estimates and expectations and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent Taleo's expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. Further information on potential factors that could affect actual results is included in Part I, Item 1A of Taleo's Annual Report on Form 10-K, as filed with the SEC on February 28, 2011, and in other reports filed by Taleo with the SEC.

SOURCE Taleo Corporation