Stack Ranker Enables Managers to Visually Rank, Compare and Assess Competencies
PARIS – November 17, 2008 – SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in on-demand performance and talent management solutions, today announced SuccessFactors Stack Ranker, a new addition to SuccessFactors’ Performance and Talent Management Suite. Stack Ranker enables managers to quickly and effortlessly rate and assess their talent across company-defined competencies and related criteria, creating a visual and intuitive stack ranking of employees to accelerate a course of action. The new solution was launched today at SuccessConnect Europe, the company’s first European customer conference in Paris.
In economic environments both good and bad, company leaders are often forced to quickly assess the state and performance of teams. Stack Ranker is an event-driven tool to help managers answer simple questions like: who is the strongest in a given competency area, who is the top performer overall, and who are low performers. While annual and even quarterly performance reviews capture critical performance information, sometimes managers need to quickly get a pulse on their team and show how team members stack up against each other taking into account the most recent information. Ranking team members allows managers to address, in real-time, changes to their business by providing detailed insight into the strength of a business, division or team’s talent. Stack Ranker enables companies to:
• Visually Rank Talent – Instantly identify top-ranked players so that managers can optimize teams by motivating and cultivating their best people. With Stack Ranker, managers can give rewards to top employees that deserve extra recognition, or quickly identify low performers to let go when faced with tough layoff decisions.
• Go Beyond Performance Reviews – Stack Ranker expands the formal review process by capturing new characteristics for a more holistic assessment. Users can incorporate factors like criticality of the role into ranking or other criteria to serve as tie-breakers.
• Assess Everyone at Once – Quickly assess an entire team across critical competencies and criteria in real time – all in one place. Side-by-side rating promotes more accurate relative assessments.
“Stack Ranker more tightly integrates performance management into everyday business decisions, helping managers and leaders to make informed, empowered choices about their workforce,” said SuccessFactors CEO Lars Dalgaard. “Now, more than ever, in these tough economic times, companies need immediate access to team performance, to reward and recognize top performers or to ramp up or down as necessary. Stack Ranker easily helps managers make that happen.”
The SuccessFactors Performance and Talent Management Suite, which includes Performance Management, Goal Management, 360 Degree Reviews, Succession Management, Compensation Management, Learning and Development, Recruiting Management, Employee Profile, and Analytics and Reporting applications, creates a company-wide network of information related to employee performance, including skill-sets, interests, career aspirations, ability to relocate, experience, languages spoken and more. By providing deep, real-time, company-wide visibility into such critical performance data, companies are able to make better, more informed decisions about how to promote, recruit, compensate, reward and manage their entire employee base.
About SuccessFactors, Inc.
SuccessFactors is one of the fastest growing public software companies and the leading provider of on-demand employee performance and talent management solutions. The company enables organizations of every size, and across every industry and geography, to achieve high-performing workforces through goal alignment and execution, talent development and planning, and pay-for-performance initiatives. From 92 customers and approximately 282,000 end users in 2003 to more than 2,360 customers and 4 million end users today, SuccessFactors’ solutions are widely deployed across 60 industries in over 185 countries in 31 languages. Founded in 2001 with offices around the world, the company employs more than 700 people, all passionately focused on revolutionizing the future of work. For more information, visit: http://www.successfactors.com.
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