2006 Press Releases

Workstream Identifies Top 6 Criteria for Selecting a Talent Management Solution

Informative Guide, Featuring Research from a Leading Analyst Firm, Details How to Select the Right Talent Management Vendor for Your HR Needs Now and in the Future

Ottawa, ON. – August 24, 2006 - There has been unprecedented growth in talent management initiatives among today’s companies. However, getting a grasp on talent management initiatives and selecting the right vendor can be a complicated and daunting process.

Workstream Inc. ™ (NASDAQ: WSTM), a provider of On-Demand Enterprise Workforce Management software, today announced the availability of a new report designed to help companies navigate this complicated process and understand key talent management issues. The report, entitled How to Select the Right Talent Management Vendor for Your HR Needs Now and in the Future, features research from Gartner and addresses important questions such as:

• What is Talent Management?
• What are today’s talent management alternatives?
• What are the top criteria to consider when purchasing a talent management solution?

“Human resource management systems (HRMSs) historically focused on the automation of administrative functions, such as personnel, payroll and benefits. These systems have done a good job of supporting the needs of HR professionals,” stated James Holincheck, Vice President of Research at Gartner in a research report.¹ "However, once systems are automated, little benefit is achieved in re-automating as new technologies emerge. The HR community, in a continual quest to remain relevant and innovative, has turned its attention to strategic talent management processes.”

“Even with the emergence of Talent Management solutions, there is usually one particular HR process causing a company significant pain to drive the search for a solution,” said Kevin Dobbs, Senior Vice President at Workstream. “And while companies usually begin looking at how they can solve that initial business challenge, most realize that there is more potential value if they look beyond a single process. This report helps companies understand how talent management vendors such as Workstream can meet the needs for a specific process now, and other related processes in the future.”

¹Gartner, Inc., Talent Management Application Suites Can Enhance Workforce Effectiveness, James Holincheck, 14 June 2005

To access a copy of the report, visit: http://mediaproducts.gartner.com/gc/webletter/workstream/issue1/index.html

About Workstream
Workstream provides 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, 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 9 offices across North America, Workstream services 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.

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 more information contact:
Investor Relations:
Matt Middendorf
Workstream Inc.
Tel: 866-953-8800 ext. 888
Email: investorrelations@workstreaminc.com