2008 Press Releases

Stanford Scholar and Human Resources Thought-Leader Jeffrey Pfeffer, Ph.D. Joins Workstream Board of Directors

Workstream to Benefit from Dr. Pfeffer’s Extensive Experience Researching Organizational Theory and HR Management

Burlingame, CA – January 4, 2008 - Workstream Inc.,(TM) (NASDAQ: WSTM), a leading provider of on-demand compensation, performance and talent management solutions, today announced the appointment of Dr. Jeffrey Pfeffer to its board of directors. Dr. Pfeffer is the Thomas D. Dee II Professor of Organizational Behavior in the Graduate School of Business at Stanford University, where he has taught since 1979. He becomes the sixth member of the Workstream board of directors and the first from the academic community.

Dr. Pfeffer joins the Workstream board at a significant time in the company’s history. In November, Workstream released into general availability TalentCenter 7.0, the HR industry’s first Talent Management 2.0 offering. Already, TalentCenter 7.0 has received widespread attention from press and pundits; http://www.workstreaminc.com/company/news_press_room.asp.

"Workstream talent management solutions are a critical tool for maximizing employee value, which is the essence of operating a successful business," said Dr. Pfeffer. "As a board member, I look forward to sharing what I have learned over the years about increasing Return on Talent, and the best ways to reinforce company-to-employee bonds. These practices, coupled with Workstream’s industry leading technology, can be a powerful combination in the marketplace."

Dr. Pfeffer has published extensively in the fields of organizational theory and HR management. He received a BS and MS from Carnegie Mellon University and a PhD from Stanford. Prior to joining the Stanford faculty, Dr. Pfeffer taught at the University of California, Berkeley and the University of Illinois. He has been the Thomas Henry Carroll-Ford Foundation Visiting Professor of Business Administration at the Harvard Business School and more recently was the Tommie Goh Visiting Professor of Entrepreneurship at Singapore Management University, an Advanced Institute of Management Fellow at the London Business School, and a visiting professor at IESE in Barcelona.

Dr. Pfeffer is the author or co-author of 12 books including The External Control of Organizations: A Resource-Dependence Perspective, Managing with Power, The Knowing-Doing Gap, The Human Equation: Building Profits by Putting People First, Hard Facts, Dangerous Half-Truths, and Total Nonsense: Profiting from Evidence-Based Management, and What Were They Thinking? Unconventional Wisdom About Management as well as more than 110 articles and book chapters. He has won the Richard D. Irwin Award for Scholarly Contributions to Management as well as numerous awards for articles and books.

To learn more about TalentCenter 7.0, visit www.workstreaminc.com or call 1-888-221-4005.

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, Kaiser Permanente and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-888-221-4005.

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:

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