SuccessFactors Boosts SMB Performance with New Talent Management Solution
SYDNEY – 22 May, 2012 – SuccessFactors, an SAP company, today unveiled SuccessFactors Professional Edition, an innovative Business Execution (BizX) suite designed for small- and medium-sized businesses (SMBs) in Australia. Professional Edition helps owners run their business successfully by enabling them to maximize their most important asset – their people. In fact, the entire company can take a more active role in professional development and talent management – through the entire talent lifecycle. This involves hiring the right people, developing employee skills and undertaking comprehensive 360-degree performance reviews to proactively manage not only the workforce but ultimately the business. Professional Edition gives SMBs a full-featured solution that is easy to use, with minimal implementation costs.
“Many SMB owners believe that the size of their company does not warrant the need for a talent management strategy,” said Robert Yue, country manager for SuccessFactors Australia. “On the contrary. It is especially important for small- and medium-sized businesses to attract, retain and grow their talent. Smaller businesses feel the impact of people changes much greater than larger ones, which could then lead to an adverse effect on company performance.”
SMBs are an important pillar of the Australian economy, as evidenced by the appointment of the first-ever Federal Small Business Commissioner. And SuccessFactors Professional Edition is uniquely suited to meet the needs of SMBs. The solution can be self-implemented through a simple wizard-driven process and can be up and running within a day. Once live, the products that come with Professional Edition empower all levels of the organization to make sure they are aligned with company goals, understand their role and performance, and have the right skills to do their job. Human resources managers can make adjustments to the product to meet their unique business requirements, and as the company grows, they can easily add more products or capabilities. This combination of products and flexibility allows companies of all sizes to quickly realize value by getting their employees focused on the right things and making sure they have the right people, with the right skills, in every job.
The Professional Edition suite offers several key performance and talent management essentials:
- Managers are equipped with a framework to measure and improve employee performance through an automated review process based on best practices, delivering quality feedback that will motivate employees and drive performance.
- For employees, it uncovers specific development opportunities through both annual and 360-degree reviews.
- The suite also provides small and mid-size businesses with a platform to engage their staff. It allows employees to provide clear feedback on their own professional growth and provides an accurate and consistent review process to create a true pay-for-performance program.
- Goal Management ensures every employee is working on the areas that will drive maximum results.
Managers are given tools to recruit more effectively with an optional Recruiting Management add-on to Professional Edition, making it easy to quickly find, screen and hire the right people for the right jobs. Managers also have the opportunity to pay for performance with the optional Compensation Management add-on module, rewarding employees for performance to increase productivity and retain top talent.
To complement Professional Edition, SuccessFactors offers an e-learning series designed for small businesses that are looking to implement HR systems for the first time. The video series, powered by SuccessFactors Jam, gives customers access to best practices training on setting up goals, giving employee feedback, aligning strategy and more.
For more information, please contact Jonathan Perumal, SMB sales manager at SuccessFactors at email@example.com.
About SuccessFactors, An SAP Company
SuccessFactors, an SAP Company, is the leading provider of cloud-based Business Execution Software and delivers business alignment, team execution, people performance, and learning management solutions to organisations of all sizes across more than 60 industries. With approximately 15 million subscription seats globally, we strive to delight our customers by delivering innovative solutions, content and analytics, process expertise and best practices insights from serving our broad and diverse customer base. Today, we have more than 3,500 customers in more than 168 countries using our application suite in 35 languages.
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