WSTM 1.15 Aspen Skiing Company Selects Workstream Mid-Market Solutions to Manage Employee Performance, Development and Succession Planning Business Wire "US Press Releases "
BURLINGAME, Calif.--(BUSINESS WIRE)--
Workstream Inc. (NASDAQ:WSTM), a leading provider of on-demand compensation, performance and talent management solutions, today announced that Aspen Skiing Company , a commercial enterprise that operates the Aspen/Snowmass resort complex, comprising four ski areas near the town of Aspen, has selected Workstream Professional mid-market solutions to manage performance, development and succession planning. Aspen Skiing Company employs 3,500 workers during its peak winter operating months. The combination of Workstream Professional solutions - which are delivered on-demand, tightly integrated, and designed specifically for mid-market companies - will allow Aspen Skiing Company to maximize the value of existing employees, while reducing hiring costs and turnover.
"This is a tremendous win for Workstream because it helps confirm our belief that mid-sized companies would prefer an integrated suite of talent management applications from one vendor, rather than single products from multiple vendors," said Deepak Gupta, President and CEO at Workstream. "Workstream is enabling mid-market businesses like Aspen Skiing Company to address the shortage of top-tier talent in the marketplace and compete with larger enterprises, by leveraging a suite of seamlessly integrated, low-cost, on-demand talent management solutions. We look forward to helping more mid-sized businesses create efficiencies, lower risk, and optimize their Return on Talent."
"A unified approach to talent management will allow us to get the most value from the people we have already, and determine appropriate development and succession paths so we can keep these employees happy and productive for a very long time," said Jim Laing, Vice President, Human Resources and Retail Operations at Aspen Skiing Company . "Despite the obvious benefits of living and working in Aspen, finding and recruiting top talent is a constant challenge and extremely expensive. We can be far more successful by investing in the people we have, which is what we are doing with Workstream. Workstream will allow us to grow our best people and the company at the same time, and that's a formula for success."
Aspen Skiing Company selected Workstream for multiple reasons, including the depth of its Professional series solutions. Aspen Skiing Company will never have to switch to different Workstream products, regardless of how fast or big it grows, since Workstream Professional solutions have all the functionality of its enterprise systems, only with a different configuration. As Aspen Skiing Company matures, adding new functionality will be as simple as asking Workstream to "turn it on" the existing system.
Aspen Skiing Company also preferred Workstream for the tightly integrated nature of its applications. Because Workstream offers a complete talent management suite, with systems that automate processes from "hire through retire," Aspen Skiing Company will never have to engage with another vendor. Finally, Aspen Skiing Company chose Workstream because its solutions are delivered on-demand, which ensures Aspen Skiing Company can be up-and-running with Workstream quickly and easily, at a low cost, and without the need for sophisticated technical support in-house.
The Workstream Professional series today includes performance management, development, succession planning and recruiting applications, as well as highly trained professional services to quickly implement the solutions. Key highlights of the applications include:
-- Workstream Development Professional provides the most
comprehensive employee development solutions available for
mid-sized businesses, with key features that include:
Workstream's complete Competency Dictionary, with over 9,000
competences and over 400 job and role profiles; integrated
development planning; and a complete set of manager coaching
tips and on-the-job development steps.
-- Workstream Performance Professional is the most complete and
configurable performance management solution on the market.
Key features include a best-practices performance appraisal
with goal management, job responsibilities, competencies, an
integrated link to the employee's development plan,
employee-manager comparison view, and a sign-off and
submission process. Workstream Performance Professional
customers also gain access to the complete Workstream
Competency Library to reduce start-up times and speed
time-to-value.
-- Workstream Succession Planning Professional enables businesses
to develop a leadership plan for today and tomorrow. In one
place, management can easily develop a succession plan, view
bench strength across the plan, and see the strongest
performers to fill future leadership positions. Finally,
powerful analytics within the solution let management and
Human Resources maintain and update the plan so that the
company is always assured of having strong leadership.
About Aspen Skiing Company
Aspen Skiing Company operates the four mountains in the Aspen/Snowmass area - Snowmass, Aspen Mountain, Aspen Highlands and Buttermilk - as well as the award-winning Ski & Snowboard Schools of Aspen/Snowmass. The area offers unparalleled nightlife and off-slope activities as well. Aspen/Snowmass is accessible by two of the most convenient airports in the mountains - Aspen/Pitkin County Airport (ASE) (3 miles from Aspen) and Eagle County Airport (EGE) (70 miles from Aspen). For more information on Aspen Skiing Company , please call 800-525-6200 or 970-925-1220, or visit the company's website at www.aspensnowmass.com.
About Workstream
Workstream provides on-demand compensation, performance and talent 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, Performance, Compensation, 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. With offices across North America , Workstream services customers including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, VISA and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Workstream's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to grow our client base and revenue because of the number of competitors and the variety of sources of competition we face; client attrition; inability to offer services that are superior and cost effective when compared to the services being offered by our competitors; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to enter into successful strategic relationships and other risks detailed from time to time in filings with the Securities and Exchange Commission .
Source: Workstream Inc.
