2006 Press Releases

Workstream Announces Workstream Performance 6.0

On-Demand Solution Provider Makes Huge Strides in Competency-based Performance Management; Seizes Talent Management Market Position

Ottawa, ON. – February 24, 2006 - Workstream Inc™ (NASDAQ: WSTM), a provider of On-Demand Enterprise Workforce Management software, today announced the release of Workstream Performance 6.0, now generally available either as part of the Workstream TalentCenter suite or as a stand alone solution. The Workstream Performance 6.0 product greatly expands the Company’s performance management solution capabilities. Among its many features is the ability to track employee performance against organizational goals, using multiple types of employee appraisals, including 360 appraisals. The performance assessment and evaluation functionality leverages hundreds of roles and common job profiles and utilizes an extensive and unique competency dictionary that contains more than 9,000 competencies.

“Workstream’s latest performance management release will become a new pillar in the Workstream TalentCenter suite of solutions,” stated Michael Gioja, Executive Vice President, Development and Services and CIO at Workstream. “Customers want a robust, integrated performance product and Workstream now offers a complete set of performance management capabilities including individual development plan management, multiple types of performance appraisals, a comprehensive competency library, all combined with integrated learning content that clearly complements Workstream’s ever growing talent management capabilities.

As highlighted in a Gartner report entitled, Talent Management Application Suites Can Enhance Workforce Effectiveness, June 14, 2005, “Companies historically have supplemented their administrative HR applications (personnel, payroll and benefits) with niche talent management applications. They want fewer, more-integrated solutions to support more-strategic human capital management.”

The Workstream Performance 6.0 product meets these strategic HCM requirements. It allows HR administrators, managers and employees to synchronize their performance management processes with a configurable and easy-to-use interface. The Workstream Performance 6.0 product provides a truly global solution that can be deployed quickly to handle European and Asian languages. Workstream Performance is also a flexible solution that allows customers to easily configure and administer the systems themselves, without IT intervention. Workstream Performance can be deployed as a stand alone application, integrated with other applications such as Workstream Compensation to create a complete Pay-for-Performance solution, or deployed as a component of an entire Workstream TalentCenter suite roll out.

The Workstream Performance 6.0 product can be efficiently integrated with other major ERP systems, including SAP and Oracle-PeopleSoft. Because it is complementary to these systems, Workstream Performance 6.0 helps to extend their value in a fraction of the time and expense of building out this functionality from the ground up. Workstream Performance 6.0 is being used by a variety of organizations including General Dynamics, Office of Personnel Management (OPM), Stora Enso and Time Warner.
Key Features of Workstream Performance 6.0:

• Configurable User Experience – Flexible user interface using XML to quickly match a customer’s corporate look and feel.
• Integrated Competency Library - Delivers a pre-integrated competency library of over 9,000 technical competencies.
• Common Job Profiles – Product supported by more than 500 roles and over a hundred common job profiles.
• Multi-Language Support – Framework supports multiple languages including both Latin-based and Asian character sets.
• Goals Management – Measures employee and group performance against qualitative and quantitative goals. Connects individual behavior to cascaded organizational goals.
• Assessments – Appraisal cycles can be matched with goals and job competencies, with multiple levels of feedback including self, manager and 360 assessments.
• Rapid Set Up – Product provides a strong configuration capability that allows for the product to be deployed quickly for small groups or across the enterprise.
  

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, Knowledge Management and Transition. Access to the Workstream 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 ten 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.

For more information contact:
Investor Relations:
Tammie Brown
Workstream Inc.
Tel: 877-327-8483 ext. 8263
Email: tammie.brown@workstreaminc.com