| [April 28, 2008] |
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SuccessFactors Helps Canadian Pacific Push Succession and Development Planning Beyond the Executive Suite
SAN MATEO, Calif. --(Business Wire)-- SuccessFactors, Inc. (NASDAQ:SFSF), the global leader in on-demand performance and talent management solutions, today announced that Canadian Pacific, a leading North American railway shipment provider with 16,000 employees throughout North America, China and Mexico, is leveraging SuccessFactors' Succession Management and Career Development & Planning applications to proactively address the impact of its retiring workforce.
As a company committed to innovation, safety and the seamless transport of commodities, Canadian Pacific (CP) is focused on making talent management core to promoting fluid business operations in anticipation of upcoming turnover related to the impending retirement of the Baby Boom generation. With an estimated four to five percent of its workforce retiring each year for the next five years, CP implemented succession planning, while, in parallel, ensuring effective transfer of knowledge at various levels, from executive to first-level management, to meet its growth agenda while anticipating a spike in retirements. With SuccessFactors' Succession Planning module, CP can take inventory of its employees for a realistic assessment of their competencies in order to fill gaps internally, while helping to pass along important knowledge from retirees.
"Talent shortages and the looming retirement for a generation of workers can pose a serious challenge for companies like CP," said Paul Albright, chief marketing officer and general manager, SMB for SuccessFactors. "Our succession planning solution enables companies to take control of the future of their workforce by identifying organizational strengths and weaknesses. CP is an excellent example of a company being proactive in ensuring business success and thinking about succession planning as an important business strategy at all levels of the workforce, not just at the executive level."
CP will be supported by SuccessFactors' partner, Personnel Decisions International (PDI), a global human resources consultancy dedicated to helping organizations make better decisions about talent.
"Progressive companies like CP are expanding high-quality talent management and measurement techniques, historically limited to the executive suite, much deeper within the organization," said R.J. Heckman, Ph.D., vice president and general manager for PDI. "High-quality talent decisions require a commonly-understood and calibrated language aligned to career development and succession planning. By utilizing clearly-articulated competencies, behaviors and experiences needed for future career success and growth within a usable action plan, companies achieve the added benefit of retaining top talent across the workforce."
The SuccessFactors Performance and Talent Management Suite, which includes Performance Management, Goal Management, 360 Degree Reviews, Succession Management, Compensation Management, Learning and Development, Recruiting Management, Employee Profile, and Analytics and Reporting applications, creates a company-wide network of information related to employee performance, including skill-sets, interests, career aspirations, ability to relocate, experience, languages spoken and more. By providing deep, real-time, company-wide visibility into such critical performance data, companies are able to make better, more informed decisions about how to promote, recruit, compensate, reward and manage their entire employee base.
About SuccessFactors, Inc.
SuccessFactors is the leading provider of on-demand employee performance and talent management solutions that enable organizations of every size, across every industry and geography, to achieve high-performing workforces by enabling goal alignment and execution, talent development and planning, and pay-for-performance initiatives. SuccessFactors currently has more than 1,750 customers across over 60 industries, with more than 3 million end users in over 156 countries using the application in 22 languages. Founded in 2001 with offices around the world, the company employs more than 700 people, all passionately focused on revolutionizing the future of work. For more information, visit http://www.successfactors.com.
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