Corning Achieves Over One Million Dollars in Annual Savings with Softscape Integrated Human Capital Management Solutions; Savings from Streamlined Processes, Reduced Administrative Overhead, and Improved Efficiencies Quadruples.WAYLAND, Mass. -- Softscape, an industry leader in strategic people management technology and services, today demonstrated the measurable return available to companies utilizing Softscape's integrated human capital management (HCM HCM hypertrophic cardiomyopathy. ) platform. Corning Incorporated Corning Incorporated NYSE: GLW is an American manufacturer of glass, ceramics and related materials, primarily for industrial and scientific applications. The company was known until 1989 as Corning Glass Works. (NYSE NYSE See: New York Stock Exchange : GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ) has calculated that it is now saving over $1 million annually in HR-related costs by using Softscape Apex(TM), a four-fold increase over the original savings projected in 1999 at initial roll-out. The variables Corning used to calculate current savings include greater efficiencies in process time, a significant reduction in the number of queries per administrator, and a reduction in time spent managing the review process. Corning is a diversified technology company that concentrates its efforts on high-impact growth opportunities. Corning combines its expertise in specialty glass, ceramic materials, polymers and the manipulation of the properties of light, with strong process and manufacturing capabilities to develop, engineer and commercialize significant innovative products for the telecommunications, flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time , environmental, semiconductor, and life sciences industries. "When we originally automated our performance review process we knew that the ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). would pay back the hard costs of the software rapidly," said Hank Jonas, manager, organizational effectiveness Organizational effectiveness is the concept of how effective an organization is in achieving the outcomes the organization intends to produce. The idea of organizational effectiveness is especially important for non-profit organizations as most people who donate money to non-profit , Corning. "However, the benefits to Corning have stretched beyond our expectations into entirely new areas. Not only have we seen a marked jump in the hard dollar return of the performance automation process, we have also seen a significant increase in the demand for the 360 Feedback process. We attribute that to the system's ease of use and streamlined administration." Corning has reduced the amount of time to initiate, manage, and complete the performance and 360 Feedback processes, despite each administrator nearly doubling their requests due to a flatter organization and rising demand for 360 Feedbacks. As the cost of labor has risen, this is a critical time savings that enables Corning to keep up with end-user demand. Softscape Apex is the industry's most comprehensive HCM platform providing fully integrated, enterprise-wide workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. . Softscape Apex connects critical workforce processes into a single system for complete planning, hiring, aligning, developing, compensating, managing, reporting, collaborating, and knowledge sharing across an organization's entire workforce. Now customers are far better equipped to optimize resource planning Resource planning may refer to:
Specialists in many fields are concerned with organizational performance including strategic planners, operations, . Softscape's integrated HCM platform provides Corning with a flexible solution to automate and manage key HR processes including performance management, goal management, and 360 multi-rater feedback. In addition, customers derive value not only from process efficiencies but also from a higher performing workforce. Continued Jonas: "As a result of our ability to easily extend the reach of this critical application, Corning employees know what they need to do in order to function effectively in their roles and are more aligned with their organizational unit objectives. We are able to coordinate our efforts more efficiently and retain our talent more effectively. Corning is also considering expanding their deployment of Softscape solutions to include other key processes such as succession planning and incentive management. "Cost savings is just one critical component of driving long-term shareholder value, another is positioning a workforce to reach the company's long term vision of success," said Dave Watkins, co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Softscape. "Once our customers have greater visibility into their workforce performance, they can affect any required changes to ensure their organization is moving in the desired direction. Softscape's solutions help customers achieve these dual goals more efficiently, and at lower costs, while driving bottom-line improvement and top-line growth to reach the ultimate goal of improving shareholder value." About Softscape (www.softscape.com) Softscape provides integrated people management solutions to enterprises and government agencies. With global customers across 46 countries representing millions of workers, Softscape's award-winning, web-based technology and proven strategic services offer customers comprehensive solutions to better manage strategic HR functions and government case management. Softscape continues to advance the market with the broadest and most complete set of fully integrated enterprise software modules with unprecedented flexibility, rapid deployment, and lower total cost of ownership. Embodying a unique approach to people-centric systems that is redefining the standard for operational effectiveness, Softscape solutions are focused on enhancing productivity, facilitating long-term planning, reducing operational costs, and driving organizational performance. Customers include Merrill Lynch, Corning, Northrop Grumman, GKN GKN Guest, Keen & Nettlefolds (British global engineering company) GKN Global Knowledge Network GKN Gemeenschappelijke Kernenergiecentrale Nederland GKN Global Korean Network GKN Iks Gorkon (Star Trek novel Series) , Freightliner, Medica medica (māˑ·dē·k , and Ceridian. Softscape is based in Massachusetts with offices in Chicago, San Francisco, Connecticut, Washington DC, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , London, Munich, and Hong Kong. The Softscape logo and marks related to Softscape products are either trademarks or registered trademarks of Softscape, Inc. Other brand & product names contained herein may be trademarks or registered trademarks of their respective holders. |
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