New research provides employers with key insights into talent acquisition best practices
Vancouver, BC (PRWEB) June 21, 2007 -- Cytiva Software Inc. (CRX – TSX.V), a leading provider of on-demand talent management software solutions, announced today that the company will underwrite a landmark study by Aberdeen, a Harte-Hanks Company (NYSE: HHS). The goal of the report is to determine how companies are adopting and adapting talent acquisition strategies in order to gain recruiting efficiencies, achieve differentiated value and win the global war for talent.
The study, titled "The Global War for Talent: Getting What You Want Won’t Be Easy," is scheduled for publication June 30, 2007 and will be available for limited time beginning June 30th at http://www.sonicrecruit.com or at http://www.aberdeen.com.
Recent Aberdeen research has revealed that 90% of Best in Class companies have aligned talent acquisition to their company’s overall strategic plan, yet 64% of all companies feel pressure to find faster and easier ways to populate their databases with a qualified pool of talent.
By redefining the talent recruitment process to include HR, Marketing and LOB managers, and by proactively communicating with prospective talent, companies will be more productive and efficient in job sourcing, and will achieve greater success in attracting and hiring the "best" candidates.
Sourcing and tracking job applicants accurately and efficiently is one thing; making talent acquisition a competitive differentiator is another. In Aberdeen’s June 2006 Talent Acquisition Strategies benchmark study, 82% of companies were investing (or planned to invest) in a talent acquisition strategy, and 53% of Best in Class companies stated their most critical success factor was "quality of hire." "The Global War for Talent: Getting What You Want Won’t Be Easy," looks at what an organization can do to streamline its talent acquisition process while at the same time maintain a pipeline of high quality talent and attain top-on-mind status with desired applicants.
"Best-in-Class companies are more than twice as likely to focus their talent acquisition efforts on future workforce planning as industry Laggards," said Kevin Martin, Research Director, Human Capital Management at Aberdeen Group. "Due in part to this, Best-in-Class companies experience a consistent advantage over other companies in two areas: Knowledge of what skills they seek (based upon traits of top performers among their employee base) and the ability to connect quickly with candidates who meet those desired traits."
"Our goal is to help companies discover how they can leverage the SonicRecruit talent management system to support a best in class talent acquisition strategy," said Jason Moreau, President and CEO of Cytiva Software. "This important study provides key insight to help companies make talent acquisition a core competency."
About Cytiva Software Inc.
Cytiva Software Inc. (CRX:TSX.V) provides innovative recruiting software and services to help mid-sized and Fortune 500 companies hire, manage and maximize their talent. Its flagship talent acquisition product, SonicRecruit, allows corporations to screen applicants, automate their recruiting departments, customize their corporate career sites and hire and onboard great people. This premier applicant tracking system improves recruiting effectiveness, speeding up the hiring process and reducing cost per hire. Over 170 organizations use SonicRecruit, including Coca Cola Bottlers, American Standard, Restoration Hardware, NetFlix and more. For more information, visit http://www.sonicrecruit.com.
About AberdeenGroup, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market intelligence that delivers demonstrable results. Having benchmarked more than 30,000 companies in the past two years, Aberdeen is uniquely positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to AberdeenTM for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information – Opportunity – Insight – Engagement – Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen http://www.aberdeen.com
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
Forward-looking Statements: This news release contains forward-looking statements related to the future financial condition and results of operations of Cytiva. These statements are based on current expectations and estimates about the human resources markets in which Cytiva operates and management's beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. Some of the factors which could cause results or events to differ materially from current expectations include but are not limited to: general economic conditions, market or business conditions; changing competitive environment; changing regulatory conditions or requirements; changing technology; and success in implementing productivity initiatives. Some of these factors are largely beyond the control of Cytiva. Should any
factor impact Cytiva in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by Cytiva will be realized or, even if substantially realized, that they will have the expected consequences for Cytiva. Readers should not place undue reliance on any forward-looking statements. Further, Cytiva disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.
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