Improving Staff Retention is Top 2008 Resolution for UK HR Managers Tuesday 29 January 2008 PDF Print London, UK - 29 January 2008 – Retaining the talent within organisations is the number one challenge for senior Human Resources (HR) managers in 2008, according to a survey by Taleo, the leading provider of on demand talent management solutions. The findings echo the trends of a similar survey conducted in 2007. The survey, ‘HR Challenges in 2008’, asked more than 200 senior HR managers in the United Kingdom (UK) about their biggest challenges in the coming 12 months, what tools they need to help optimise HR performance, and their HR budget expectations. Survey findings indicate that recruiting and hiring are top-of-mind with UK HR managers this year. When asked to select their top HR challenge going into 2008, the following trends emerged: · Keeping it in the company – 30% cite “employee retention” as their top challenge for 2008. · Recruiting the right staff – 23% cite “hiring the best talent in the marketplace.” · Attracting candidates – 11% cite “attracting candidates to the organisation.” · Keeping it legal – 11% cite “complying with new legislation.” Additional challenges listed include: succession planning (10%); career development management (5%); cutting recruitment costs (4%); gaining boardroom support for HR (4%); and increasing the internal mobility of staff (2%). When asked about tools and budgets for 2008, the top responses indicated: · Performance Management tools are key – Nearly half of respondents (44%) say “a system to improve performance management, succession and career planning in your organisation” will help them do their jobs better. Additionally 21% want “an easy way to measure the effectiveness of HR processes like recruitment,” followed by 15% seeking “better visibility into employee’s skills.” Additional responses include: reduced dependency on recruitment agencies (8%); systems that aid compliance with regulations (8%); and a system to improve the effectiveness of the recruitment process (4%). · In the money – The majority of respondents expect their budgets to remain the same (46%) or increase (33%) in 2008. Only a small percentage of respondents (21%) expect their budgets to decrease in the coming year. “HR is experiencing sustained pressure to recruit and retain the best people in a market where employees are increasingly calling the shots. In response, Boards are increasing HR budgets and HR executives are looking for technology solutions to help them solve their recruiting and retention challenges,” said Neil Hudspith, SVP, International, for Taleo. “By taking a unified approach to our recruitment and performance management solutions, Taleo greatly enhances an organization’s ability to recruit and manage talent across multiple business units, organizations, geographies and talent types.” NOTES TO EDITORS: Methodology The study is based on interviews with 209 HR managers conducted in at the end of 2007. It asked respondents what areas they believed would provide the biggest challenges in 2008, and what would help them do their job better. About Taleo Taleo (NasdaqGM:TLEO - News) is the leader in on demand, web-based talent management solutions that empower organizations of all sizes, around the world to assess, acquire, develop and align their workforce for improved business performance. More than 1,380 organizations use Taleo, including 35 of the Fortune 100, for talent acquisition and performance management, with over 1 million users processing 71 million candidates from over 100 countries. Requiring no capital investment, Taleo's software as a service and on demand delivery offer 99.9% availability. Forward-looking Statements This release contains forward-looking statements, including statements regarding the demand for Taleo’s solutions, results from use of Taleo’s solutions and general business conditions. 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 announcement. Subsequent events may cause these expectations to change, and Taleo disclaims any obligation to update the forward-looking statements in the future. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially. 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 March 16, 2007, in Part II, Item 1A of Taleo’s Quarterly Report on Form 10-Q, as filed with the SEC on November 9, 2007, and in other reports filed by Taleo with the SEC. -Ends- For further information please contact: Joanna Timmermann / James Warnette Octopus Communications for Taleo Corporation T: +44 (0)845 370 0655 E: email@example.com This press release was distributed by ResponseSource Press Release Wire on behalf of Octopus Communications in the following categories: Business & Finance, Education & Human Resources, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.