Zapoint Enterprise Offers Companies Standard "Talent Currency" For Hiring, Evaluating And Retaining Employees

Business Wire, Sept 29, 2008

Web 2.0 Talent Management Application for Businesses Ensures That Workforce is Constantly Aligned with Company Goals, Structure and Culture

BROOKLINE, Mass. -- Zapoint[TM], provider of the Web's first Talent Platform, now offers Zapoint Enterprise, giving executives a powerful new tool for identifying, hiring, managing and retaining individuals who add real value to the organization. Zapoint Enterprise achieves this difficult task--one of the most challenging in any modern enterprise--using a proprietary "talent currency" that expresses talent in a common, easily understood and meaningful language.

Zapoint's algorithmic approach removes the ambiguity and subjectivity of antiquated human resource management systems, making it easier and more effective for organizations to understand the relationships between talent and business performance. "One of the toughest jobs for HR decision makers is to evaluate individuals in an objective, comparable fashion," said Chris Twyman, founder and CEO of Zapoint. "Zapoint Enterprise is a true Web 2.0 breakthrough because it quantifies each employee's professional and educational skills and achievements using a single system--a 'talent currency'. What's more, it has an amazing ability to map a company's overall talent inventory in relation to its larger corporate goals."

Visual and Interactive

Zapoint Enterprise, a Web-based Software as a Service (SaaS) application, provides each user with his or her own "Enterprise Dashboard" where both hard skills and behavioral attributes are displayed graphically. Because managers can use Zapoint Enterprise to set department objectives, review performance and establish necessary skills within their team, users can better judge how their skills rate and where gaps lie within the department.

Each Zapoint Enterprise profile is provided with a LifeChart[TM] that provides a quick and intuitive representation of individual achievements. Akin to a stock chart, LifeChart is a visual and interactive representation of skills and achievements, and forms the basis of the talent currency. With LifeChart, employees and executives can easily compare individuals and tie their achievements to key business drivers. The LifeChart gives executives a more effective way to benchmark critical skills, develop and retain high potential employees, and understand the impact of change.

Zapoint Enterprise functions as either a robust standalone application or an invaluable supplement to existing tools and systems used by the enterprise, particularly in the area of performance appraisals. The application is useful for both one-off and routine assessments; what's more, goals and objectives can be incorporated into a person's Lifechart as a part of his or her performance score.

Top Enterprise Users

Zapoint Enterprise is used by DirectTV, Hult International Business School and Sovereign Bank, among many other businesses, non-profits and educational institutions. To learn more, or to sign up for a Zapoint Enterprise account, visit www.zapoint.com/z4e.

About Zapoint:

Zapoint is one of the fastest growing talent management software vendors in the market. With Zapoint's leading Talent Platform, organizations can more effectively recruit, maintain and develop their workforce capital to sustain their competitive advantage. Founded in 2007, Zapoint serves customers in virtually every country in the world. For more information, please visit www.zapoint.com.