Hire.com Introduces the First Real-Time Decision Support Analytics Software for Recruiting and Staffing

Business Wire, March 5, 2002

Business Editors & High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--March 5, 2002

Hire.Analytics Helps Organizations Strategically Align HR Processes

with Business Initiatives

Hire.com, the leading provider of talent management solutions, today announced Hire.Analytics -- decision support software that gives recruiters, hiring managers, and corporate executives, for the first time, a complete picture of how well recruiting and staffing initiatives support an organization's strategic business goals.

Hire.Analytics monitors and measures the performance of recruiting and staffing processes through multiple key performance indicators. By providing relevant, real-time data for meaningful decision support, Hire.Analytics gives organizations insight into critical areas that were previously difficult to measure -- ultimately delivering process management capabilities to address age old business challenges including improved time performance, reduced costs, increased candidate quality and optimal candidate coverage.

"To manage recruiting and staffing processes effectively and to improve these processes on a continuous basis, vendors need to provide analytics to create process feedback loops," said Christopher Boone, senior analyst for recruiting and staffing services research at IDC. "Without analytics, employers are unable to identify and track key recruiting metrics, perpetuating inefficiencies and potentially losing competitive advantage due to poor talent management."

At the heart of this new solution is Hire.Alerts. The alert technology enables organizations to establish performance thresholds at all stages of the recruitment process, including time performance (time-to-hire, time-to-interview, time-to-offer), cost/expenses (cost per hire, expenses by division), and candidate coverage (candidate population, candidate diversity). With active alerts, organizations can remain focused on strategic execution and receive automatic notification when any performance indicator is triggered. Furthermore, Hire.Alerts can uncover recruiting and staffing bottlenecks, thereby identifying and correcting sources directly responsible for adversely affecting corporations' bottom-lines.

"Hire.Analytics is the first truly visionary step in marrying current and future staffing requirements to the project and business needs of the enterprise. This tool should make it easier for managers to conduct strategic analysis on their core staff competencies, and map out on-going requirements," said Kazim Isfahani, principal analyst at Robert Frances Group.

"Analytics is important to enterprises rolling out ERP, CRM, and other enterprise software packages -- so why should HR software be any different?" said Kevin Bethke, CEO at Hire.com. "Hire.Analytics is now equipping our customers with the data they need to demonstrate the relevant impact of recruiting and staffing on their organizations. Talent is what ultimately drives business success, and the ability to effectively map, in real-time, which people are needed, when, and where, at any given moment, will strategically differentiate these companies from their competition."

Exclusive Features of Hire.Analytics:

-- Alerts -- empowers organizations to establish automated monitoring of key
process steps and performance indicators, leading to automated problem
identification, accelerated problem solving and improving desired business
results.

-- ScoreCards -- facilitates organizational transformation from a reactive to a
proactive approach by delivering real-time, and over-time, snapshots of
performance against key indicators across business organizations and geographic
locations.

-- Business Reporting -- converts HR operations into a strategic component by
aligning recruiting and staffing processes with the overall organizational
goals and objectives -- directly impacting the financial bottom-line.

Hire.Analytics works seamlessly with all Hire.com talent management solutions, including Hiring Center, Sourcing Center and Recruiting Center.

Enterprises around the world use Recruiting Center to power corporate career Web sites and build the largest and highest quality private talent communities to provide interested, qualified, and available candidates at the time of requisition.

Sourcing Center optimizes and broadens organizations' ability to continuously and effectively find, reach, and establish meaningful relationships with the highest quality candidates who meet specific skills and job criteria.

Hiring Center automates and improves critical tasks such as requisition management, candidate search, interview and offer coordination, and reporting on key metrics -- saving time and money.

Hire.com continues to lead the market by providing organizations with innovative, online, results-driven solutions previously available only through traditional -- more costly and inefficient -- recruiting methods. Hire.com innovated the use of permission-based candidate relationship marketing, the sourcing and capturing of passive, as well as active candidates, and the ability to prescreen and deliver interested, qualified, and available candidates immediately to the desktops of hiring authorities.