Workstream Launches On-Demand Compensation Solution for Mid-Market



    Now Delivering the Most Robust Talent Management Suite for Mid-Size
Businesses

    BURLINGAME, CALIF., August 9 /CNW/ - Workstream Inc. (NASDAQ:  WSTM), a
leading provider of on-demand compensation, performance and talent management
solutions, today announced the availability of Workstream Compensation
Professional, the only unified on-demand compensation planning solution for
the mid-market. Mid-market companies that have wrestled with spreadsheets and
other manual processes to manage compensation planning -- arguably the most
strategic part of talent management -- can now leverage an on-demand solution
that is functionally rich, easy to use, and integrated to work seamlessly with
the entire Workstream mid-market suite.

    "Workstream Compensation Professional addresses two critical issues for
mid-size businesses," said Deepak Gupta, President and CEO at Workstream.
"First, companies that historically have been unable to afford automated
compensation planning finally can, given the low cost and highly flexible
nature of Workstream Compensation Professional. Second, mid-size businesses
that previously suffered with silos of disparate compensation data --
otherwise known as 'spreadsheet migraines' -- will now have a centralized,
web-based repository for all compensation data. Better still, Workstream
Compensation Professional works 'out-of-the-box' with the entire Workstream
mid-market suite, streamlining talent management across the organization.
Workstream is proud to say we are doing more to meet the talent management
needs of mid-market companies than any other vendor."

    "The necessity to automate and improve the compensation process has never
been more clear, as organizations realize the impediments of antiquated
approaches from the 1990's and over-laden use of spreadsheets," Mark Smith,
CEO & EVP Research at Ventana Research. "Workstream's focus on compensation
management helps drive further value for its customers, who are looking to
address this key process, but also provide a foundation element of pay for
performance and talent management."

    Compensation typically is a company's greatest expense, and the ability
to manage this process strategically is mission-critical to survive in today's
market. Workstream solved this need by offering mid-size businesses a robust
solution for total compensation planning that enables improved efficiency and
increases the quality of manager compensation decisions. Key capabilities of
the Workstream Compensation Professional solution include:

    --  Enabling HR to create a single, centralized compensation plan that
includes salary, stock, and variable pay components

    --  Highly configurable variable pay functionality that allows
calculations based on multiple factors and is not "hard-coded"

    --  Providing managers a single, flexible planning screen where they can
see and edit their plan information, view online analytics on their plan,
compare guidelines for pay increases based on performance and other plan
variables

    --  The "Advisor" function that gives planning managers critical
real-time information and advice about many common errors or issues that arise
during the process, such as paying an employee over or under company
guidelines

    --  All Workstream Professional solutions are delivered on-demand,
resulting in a set of affordable applications that are hosted and maintained
in a safe and secure SAS 70 Type II certified environment

    The Workstream Professional series now includes compensation, performance
management, development and recruiting applications, as well as a highly
trained Professional Services to quickly implement these solutions. Later this
year, Workstream will complete its suite of Professional series on-demand
solutions with pay-for-performance, 360-assessment, and succession planning.

    To learn more about the Workstream Professional series of on-demand
solutions, visit www.workstreaminc.com/midmarket or call us at 888-221-4005.

    About Workstream

    Workstream provides on-demand compensation, performance and talent
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, Performance, Compensation, Development 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 offices across North America,
Workstream services customers including Chevron, The Gap, Home Depot, Kaiser
Permanente, Motorola, Nordstrom, VISA and Wells Fargo. For more information
visit www.workstreaminc.com or call toll free 1-866-470-WORK.

    This press release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. These statements are based on the current expectations or beliefs
of Workstream's management and are subject to a number of factors and
uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements. The following factors, among
others, could cause actual results to differ materially from those described
in the forward-looking statements: inability to grow our client base and
revenue because of the number of competitors and the variety of sources of
competition we face; client attrition; inability to offer services that are
superior and cost effective when compared to the services being offered by our
competitors; inability to further identify, develop and achieve success for
new products, services and technologies; increased competition and its effect
on pricing, spending, third-party relationships and revenues; as well as the
inability to enter into successful strategic relationships and other risks
detailed from time to time in filings with the Securities and Exchange
Commission.




For further information:

For further information: Workstream Inc. Gary Damiano, 650-340-4076
gary.damiano@workstreaminc.com

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WORKSTREAM INC.

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