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Taleo Helps Facebook Users Realize Their Full Potential in Today's Job MarketProfessional Tagging on Talent Exchange Uses Authentic Feedback From Peers to Build Reputations (September 28, 2011)
DUBLIN, CA -- (Marketwire) -- 09/28/11 -- There's something new for professionals to "Like" on Facebook -- a way to build their reputations among peers and top companies by using authentic feedback on their skills and abilities to create a unique view into who they are and what they have to offer.
The new feature is available only to users of Talent Exchange from Taleo Corporation (NASDAQ: TLEO), the global leader of SaaS-based Talent Management solutions. Talent Exchange for Facebook is an implementation of Taleo's open online marketplace where more than 5,000 companies can connect with candidates.
Leveraging the popularity of tagging among Facebook's 750 million users, Talent Exchange adds analysis and rankings that people can use to help them get ahead in the job market. In Talent Exchange, friends and colleagues can tag a user's profile with short feedback on that person's skill set, strengths and work ethic. Taleo then analyzes and ranks each user's feedback and network activity so individuals can measure how they compare with peers in their field. Talent Exchange also uses game-style features like badges and leader boards to encourage users to tag more often, which in turn leads to more comprehensive rankings. The new features are available to everyone who joins Talent Exchange, whether through Facebook or directly at talentexchange.com.
Talent Exchange also helps give professionals a head start on their next career move by exposing their reputation and marketplace ranking directly to recruiters and hiring managers who work daily in Taleo's recruiting software. And as soon as a hiring need is created by a Taleo customer, that opportunity is immediately available on Talent Exchange. This gives Talent Exchange users a first look at the latest job openings, often before they're posted elsewhere.
By making use of both keywords and tags, Talent Exchange also introduces a better way to search people. Recruiters and hiring managers can also navigate a user's network based on the tags given and tags received to find talent associated with that individual.
"Talent Exchange helps Facebook users realize their full potential by building and promoting their reputation among peers and top companies -- a reputation enhanced by objective endorsements from the people who know them best," said Jason Blessing, executive vice president, products and technology at Taleo. "Whether professionals sign up through our Facebook application or directly at talentexchange.com, they now can leverage relationships and opportunities more effectively and elegantly than ever before."
When they join Talent Exchange, users automatically become better prepared to quickly pursue new opportunities. Their first step is to create a Universal Profile. The Universal Profile is an online resume that allows users to enter their information once and then apply for multiple jobs without re-entering the same information again and again. That information, which can highlight skills, experience and career goals, is also instantly viewable by the companies that use Taleo solutions to recruit and manage talent. Recruiters and hiring managers at more than 5,000 companies worldwide use Taleo to recruit and hire roughly 1 million people a year.
Taleo also makes it easier to pursue new opportunities in real time through a free mobile app called Taleo Radar. An extension of Talent Exchange, Taleo Radar combines location-based mobile technology with talent intelligence to pinpoint opportunities and match them with professionals whose skills and experience make them candidates for job openings, new business pitches, or professional collaboration and networking. The new app is available from the iTunes AppStore for Apple iPhone, iPad and iPod touch running iOS 4.0 and later. Taleo also plans to release Taleo Radar on Android and BlackBerry platforms.
Taleo (NASDAQ: TLEO) helps organizations improve the performance of their business by unlocking the power of their people. Taleo is the only company to provide industry-leading solutions in every category of Talent Management. Through its cloud-based platform, Taleo optimizes recruiting, performance management, learning and compensation -- and integrates them all so managers have the insights they need to achieve talent intelligence. Customers also plug into Taleo's unique Talent Grid community to harness the power of proven best practices, millions of users, and Taleo-ready partner solutions. From small and medium sized businesses to large enterprises, more than 5,000 organizations rely on Taleo every day to pursue growth, innovation and customer success.
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. 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 II, Item 1A of Taleo's Quarterly Report on Form 10-Q, as filed with the SEC on August 8, 2011, and in other reports filed by Taleo with the SEC.
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