2007 Press Releases

Workstream Launches On-Demand Compensation Solution for Mid-Market

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

Burlingame, CA, August 9, 2007 - 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.

Contact:
Gary Damiano
Workstream Inc.
Tel: 650-340-4076
gary.damiano@workstreaminc.com