Chimes, Inc. Extends Human Capital Management Solution Beyond Contingent Workforce with Launch of Centralized Applicant Management -CAM- Program.Business Editors TROY, Mich.--(BUSINESS WIRE)--June 28, 2001 CAM Offering Streamlines Acquisition & Management of Permanent Staff Chimes, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Computer Horizons Corp (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CHRZ), today announced the launch of its Centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. Applicant Management (CAM) offering. With the establishment of CAM, Chimes has successfully expanded its solution set to include the acquisition and management of full-time, permanent employees. Already through its Centralized Vendor Management (CVM) offering (currently deployed at over 20 Global 1000 companies), Chimes is significantly lowering the costs and eliminating the inefficiencies associated with the acquisition and management of a contingent workforce A contingent workforce is a provisional group of workers who work for an organization on a non-permanent basis, also known as freelancers, independent professionals, temporary contract workers, independent contractors or consultants. . With the launch of CAM, Chimes now can provide the same benefits for the entire enterprise - spanning all job functions and employment status (permanent and contingent). Like CVM, the new CAM offering allows companies to leverage purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. , automate workflow and synchronize See synchronization. strategic hiring through an Application Service Provider (ASP) format. CAM combines a robust exchange of suppliers (nearly 1,000 employment agencies, various bulletin boards, universities, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms) with proven supply-chain management technique, to deliver qualified candidates while reducing recruiting time and expenses. "Based on the tremendous success of the CVM model, which monitors, manages and lowers the contingent workforce spend, our customers wanted to expand the savings and organizational efficiencies to include permanent employees. We developed CAM to be that end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. in managing an enterprises full-time, permanent staffing process," explained Barry Olson, co-president, Chimes, Inc. Chimes originally developed the Web-based CVM program to help companies regain control of IT spending and allow hiring managers to post job opportunities and review candidate offerings from recruiters, significantly reducing the time to hire. The CAM solution uses the CVM infrastructure, enabling hiring managers to realize the same time and resource savings for enterprise-wide hiring. CAM streamlines candidate identification and equips managers with data on the market rate for positions. Chimes' network of vendors draws from IT, light industrial, administrative, and healthcare labor categories. "The expansion of our solution set to full-time, permanent staffing marks the logical next step in the evolution of Chimes as the first choice in human capital management. By applying human capital supply chain management technique to a larger section of the workforce, companies can realize greater savings and efficiencies," said Olson. The Chimes offering combines ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 compliant procedures, technology, and on-site customer service. CAM also automates performance evaluations Performance evaluation The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return , exit interviews and generates customized statistics on company hiring needs. By streamlining the full-time hiring process through CAM, companies can better control the hiring process. About Chimes Chimes, Inc. is a leading provider of e-Procurement solutions for human resource acquisition and management. Chimes' Centralized Vendor Management (CVM(TM)) and Centralized Applicant Management (CAM(TM)) offerings procure top professionals by utilizing proven supply chain management techniques. Chimes manages the entire process, simplifying billing and timesheet administration, and coordinating all sourcing activity. Chimes uses scaleable ISO 9002 compliant procedures and browser based software. For more information, please visit www.chimesnet.com. About Computer Horizons Corp. CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) is a strategic e-Business solutions and professional services company that is powering a new breed of rapid growth Internet developers. With thirty years of experience, CHC is a global leader in systems integration, migration and innovation, enabling companies to stay ahead of the technological curve. By leveraging its core business in IT services, CHC is powering its new breed of Internet companies, including eB solutions, Chimes and Princeton Softech, to enable its Global 1000 customer base to compete in this new digital business environment. www.computerhorizons.com. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " (within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management--including, but not limited to, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc contract awards, service offerings, market opportunities, results, performance expectations, expectations of cost savings, or proceeds from sale of certain operations--may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors include the risks associated with unforeseen technical difficulties, the ability to meet customer requirements, market acceptance of service offerings, changes in technology and standards, the ability to complete cost-reduction initiatives, the ability to execute the sale of certain operations or other initiatives, dependencies on key employees, customer satisfaction, availability of technical talent, dependencies on certain technologies, delays, market acceptance and competition, as well as other risks described from time to time in Computer Horizons' filings with the Securities Exchange Commission, press releases, and other communications. |
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