Halogen Employee Performance and Talent Management Suite for Financial Services Addresses Industry-Specific Challenges



    New offering designed to meet compliance and security needs of sector,
    drive cost savings and process efficiency

    OTTAWA, Jan. 30 /CNW Telbec/ - Halogen Software Inc., the leading
provider of Web-based employee performance and talent management software
today announced the release of the Halogen Employee Performance and Talent
Management Suite for Financial Services(TM). This new offering was based on
Halogen's experience working with close to 100 financial organizations
worldwide. Built to address industry-specific challenges including regulatory
compliance, difficulty implementing cultural shifts, the distributed nature of
employees and the high turnover in customer-facing roles, the suite enables
organizations to more effectively manage their talent to create significant
cost savings and greater efficiency.
    "Halogen's offering has enabled East West Bank to streamline our employee
performance management initiatives saving us valuable time," said Tess
Hemedez, Human Resources. East West Bank is the second largest independent
commercial bank headquartered in Los Angeles. East West Bank serves the
community with 58 branch locations across Southern and Northern California,
one branch location in Houston, Texas and a Beijing Representative Office in
China. "Their new solution designed specifically for the financial services
sector addresses the critical issues faced by HR teams across the market. We
are looking forward to taking full advantage of these new capabilities,
especially the competency libraries and features that will help us support
regulatory compliance."
    The suite which includes the flagship eAppraisal for Financial Services
as well as Halogen eSuccession, Halogen eCompensation and Halogen e360
provides HR leaders, compliance officers and even C-level executives with an
easy to use, practical and affordable means to deliver employee appraisals,
assessments, compensation adjustments and succession plans. The system also
provides executive dashboards to help track corporate and individual goals and
other important performance metrics.
    Employees working in the financial services industry require very
specific skills, knowledge and behaviors, which Halogen eAppraisal for
Financial Services supports with a specialized library of competencies. "By
developing a distinct competency library that addresses specific banking,
insurance and wealth management functions, organizations can evaluate, measure
and manage competencies that are directly relevant to their business," said
Lisa Rowan, Program Manager, HR and Talent Management Services, at IDC.

    Addressing Compliance for Financial Services Organizations

    Financial services organizations are increasingly subject to internal,
federal and state compliance regulations and HR departments are often
responsible for managing audits and investigations or requests from numerous
regulatory bodies. Halogen Employee Performance and Talent Management Suite
for Financial Services enables HR to be successful by playing a key role in
achieving compliance, by ensuring that compliance expectations are
communicated to, understood by and adhered to by all employees. Additionally,
goal alignment and management features in the suite for financial services
increase overall accountability to shareholders while supporting compliance
requirements by reinforcing the critical nature that day-to-day activities
play in reducing the risk of non-compliance to state and federal regulations.

    Flexible Deployment

    Halogen offers financial services customers a range of flexible
deployment options to best suit the implementation, pricing and data security
requirements of each organization. Halogen offers perpetual licensing and
on-demand/SaaS options as well as the company's on-premise or hosted
deployment package. On-premise deployment enables organizations to deploy the
solution within their firewall to alleviate common security concerns with
hosted offerings. However, customers can still take advantage of the benefits
of a subscription-based fee structure if it suits their situation better.

    About Halogen Software

    With nearly 1000 customers worldwide, Halogen Software Inc. has
established itself as the leading provider of employee performance and talent
management solutions. Halogen offers powerful, easy-to-use, and affordable
Web-based software that dramatically improves HR and line-manager
productivity.
    The company's award winning suite provides organizations with everything
they need to develop and retain a high performance workforce: Halogen
eAppraisal(TM), makes it quick and simple to deliver professional employee
appraisals that align with organization goals and helps drive bottom line
success. Halogen eCompensation(TM) automates the entire compensation
adjustment process including budget distribution and approval. Halogen
eSuccession(TM) makes it simple and affordable to get a best practices
succession planning program underway - right away. And Halogen e360(TM)
automates and simplifies formal 360-degree feedback procedures and offers
sophisticated performance reporting.
    Industry specific suites are provided for Healthcare and Financial
Services. Halogen eAppraisal Healthcare(TM), exclusively endorsed by the
American Hospital Association, helps healthcare organizations produce
meaningful appraisals on time and allows them to always be in a "ready state"
for accreditation surveyors from JCAHO(R), OSHA, ACHA, and others. Halogen
eAppraisal for Financial Services(TM) helps financial services organizations
reduce the risk of non-compliance and ships with a comprehensive library of
industry specific competencies and authoring aids.

    Visit us online today: http://www.halogensoftware.com




For further information:

For further information: Media contacts: Donna Ronayne, VP, Marketing &
Business Development, Halogen Software, (613) 270-1011, x 320,
dronayne@halogensoftware.com


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