Workstream Announces Workstream Compensation 6.0; New Workstream Performance and Compensation Products Integrated to Create the Next Generation of Pay for Performance Solutions.OTTAWA -- Workstream Inc(TM) (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 : WSTM WSTM White Sands Transverse Mercator ), a provider of On-Demand Enterprise 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. software, today announced the general availability of Workstream Compensation 6.0. Already recognized as one of the premier, web-based Compensation applications in the market today, the new 6.0 release dramatically extends the Company's pay for performance solution capabilities. Workstream Compensation 6.0 now allows HR administrators, managers and employees to track employee performance against organizational goals and link the results directly into compensation planning. This cross-application linkage provides a very efficient, integrated platform and items such as compensation adjustments that are required outside of the annual focal planning cycle can now be handled with relative ease. Workstream Compensation 6.0 is also a flexible solution that allows customers to easily configure and administer the systems themselves, without IT intervention. "Seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of performance and compensation data is a tremendous asset to users and critical to smooth pay for performance processing," stated Michael Mullarkey, 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. and Chairman at Workstream. "The latest release of Workstream Compensation enhances this capability by offering out-of-the-box connectivity to our Workstream Performance solution. Users can manage changes in their compensation strategies, while simultaneously drilling-down into employee performance data. The efficient, on-demand delivery of these applications ensures that our customers have quick access to information that enables more informed pay-for-performance decision-making." Workstream Compensation 6.0 is accessible as a stand alone solution or in conjunction with other Workstream TalentCenter suite applications. When deployed with the Workstream Performance 6.0 solution, managers and administrators gain a consolidated, user-specific view of compensation and performance activities from a single jump page that can be configured to fit a company's business model and branding. Other Key Features of Workstream Compensation 6.0: --Enhanced Reporting - Delivers cross-application reporting templates for flexible on-demand deployment, with a low cost footprint; --Reporting Configuration - Supports ad-hoc configuration and sharing without technical expertise; --Internationalization - Provides multi-language framework that extends existing multi-currency functionality; --Plan Management - Offers year-round planning access and date-effective planning periods, as well as support for year-round transactions; and --Year Round Support - Enables managers to utilize the product throughout the year to make off cycle pay adjustments, changes to their group hierarchy and budgets. Workstream Compensation 6.0 can be efficiently integrated with other major ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems, including SAP and Oracle-PeopleSoft. Because it is complementary to these systems, Workstream Compensation 6.0 helps to extend their value, in a fraction of the time and expense of building out this functionality from the ground up. Workstream Compensation can support organizations of all sizes and complexities and is currently being used by organizations as diverse as Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. , Motorola, Visa, American Red Cross American Red Cross: see Red Cross. and IMS Health IMS Health (NYSE: RX) is an international consulting and data services company that supplies the pharmaceutical industry with sales data and consulting services. IMS Health was founded in 1954 by Bill Frohlich and David Dubow. . Workstream will be demonstrating Workstream Compensation 6.0 in booth # 209 at the WorldatWork Total Rewards Conference & Exhibition, May 7-10, 2006, at the Anaheim Convention Center Anaheim Convention Center is a major convention center in Anaheim, California. It is located across from the Disneyland Resort on Katella Avenue. Much of the Anaheim Convention Center has been renovated in recent years with state-of-the-art facilities. in Anaheim, California “Anaheim” redirects here. For Annaheim, see Annaheim, Saskatchewan. Anaheim is a city in Orange County, California, located 28 miles southeast of Los Angeles. . About Workstream Inc. Workstream provides enterprise workforce management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. Workstream's TalentCenter provides a unified view of all Workstream products and services including Recruitment, Benefits, Performance, Compensation, Rewards, Development and Transition. Access to TalentCenter is offered on a monthly subscription basis under an on-demand software delivery model to help companies build high performing workforces, while controlling costs. Workstream services customers including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK. |
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