BC Hydro Selects Workstream Recruitment
Workstream’s Established Presence in Canadian Market and Ability to Deliver a Rapid Implementation, Functionality and Value Key to Securing Contract
Ottawa, ON. – October 26, 2005 – Workstream Inc. (NASDAQ: WSTM), a provider of On-Demand Enterprise Workforce Management software, today announced that British Columbia Hydro & Power Authority (BC Hydro), one of the largest electric utilities in Canada, serving more than 1.6 million customers in British Columbia, has selected Workstream Recruitment to automate and streamline their recruitment processes.
The deal, which will be managed through the company’s outsourced recruitment team, Accenture Business Services for Utilities, was won on Workstream’s established presence in the Canadian market, its product functionality and value, and ability to meet the requirements of the Freedom of Information & Protection of Privacy Act for British Columbia.
“Workstream’s strong presence in Canada and the fact that they have been providing recruitment solutions to Canadian companies for the past nine years was an important factor in our decision-making process,” stated Ken Webb, Manager of People Development at BC Hydro. “It was important for BC Hydro to work with a provider who could understand and conform to the unique business requirements dictated by British Columbian government legislation.”
Workstream Recruitment helps companies automate and manage the entire recruitment process from job requisition through offer letter generation and hiring. Workstream Recruitment also provides companies with an extended network of job boards and an industry database to help source key hires. The end result is a thoroughly researched and filtered list of qualified prospective candidates. Workstream Recruitment is an On-Demand solution that can be implemented quickly to help companies automate and streamline their overall recruitment process. The standard Workstream Recruitment product line comprises:
Candidate Management, for automating and streamlining the recruiting process used to attract, manage, screen and qualify candidates; and
Career Site Management, a configurable internal and external career website hosted and maintained by Workstream at our secure data center, used for candidate attraction.
“Workstream is one of the leading HR software providers in North America and was recently named in Deloitte’s 2005 Technology Fast 500 list as one of the fastest growing technology companies in North America,” said Michael Mullarkey, CEO and Chairman of Workstream. “We’re pleased to have BC Hydro join our growing family of over 400 customers across North America.”
About BC Hydro
British Columbia Hydro and Power Authority, which operates as BC Hydro, distributes electricity to more than 1.6 million residential and business customers in its service territory. The province-owned utility owns 46,000 miles of transmission and distribution lines, and it operates hydroelectric and fossil-fueled power plants with more than 11,000 MW of generating capacity. BC Hydro has transferred its transmission operations to an independent company, British Columbia Transmission, though it has retained ownership of the assets. Subsidiary Powerex markets and trades energy throughout North America.
About Workstream Inc.
Workstream provides On-Demand Enterprise Workforce Management solutions and services that help companies manage the entire employee lifecycle - from recruitment to retirement. Workstream’s TalentCenter provides a unified view of all Workstream products and services including Recruitment, Benefits, Performance, Compensation, Rewards and Transition. Access to TalentCenter is offered on a monthly subscription basis under an On-Demand software delivery model to help companies build high performing workforces, while controlling costs. With nine offices across North America, Workstream services over 400 customers including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA, and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK
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