Ultimate Software Extends Talent Management with Career Development and Succession Management in UltiPro Fall 2011 Release
Public Company Information:
WESTON, Fla.--(BUSINESS WIRE)--Ultimate Software (Nasdaq: ULTI), a leading provider of unified human capital management (HCM) SaaS solutions for global businesses, today announced that all of its SaaS customers are live on UltiPro’s Fall 2011 release, which introduced extended succession management and career development, in addition to enhancements to its HCM foundation and Web Services platform.
The UltiPro Fall 2011 release included:
- New career development capabilities that empower employees and managers to collaborate on career growth and professional development
- Succession management tools, including identification of high-performance employees, development planning, end-to-end succession planning, and broader talent pool planning
- Further extension of UltiPro’s Web Services to enable additional connectivity to the business ecosystem
With UltiPro Career Development, organizations can create continuous development and professional growth experiences for each individual by allowing them to foster the skills and competencies they need to move into new work opportunities. With the ability to take greater responsibility and accountability for their career development, employees can document and communicate job mobility preferences, accomplishments, experiences, competencies, development history, languages, and education. Employees and their managers can pinpoint growth opportunities that will add the most value based on individual career aspirations. Because information is presented in the UltiPro system of record, managers have direct access to their employees’ career development data and can more effectively align business requirements with their people’s career goals.
Employees can work with their managers to develop tailored development plans, including personal, team, and professional goals, that encompass continuing education, mentoring, and feedback — all seamlessly tied to UltiPro’s HR and talent management capabilities.
With quick, graphical views into high-potential and high-performing individuals, UltiPro makes succession planning a component of holistic talent management. UltiPro Succession Management:
- Engages individuals in their own career development
- Gives companies the flexibility to develop succession plans for positions, pools, or individuals
- Manages succession as a part of unified talent management — leveraging relevant HR, payroll, salary, competency, and performance data already available in UltiPro — to identify potential candidates and analyze succession factors from multiple dimensions
As opposed to a top-down approach to leadership planning, UltiPro Succession Management involves company leadership, managers, and individuals in an ongoing, collaborative process. Employees can manage their own talent profile — updating factors that influence succession readiness, such as mobility preferences, languages, education, accomplishments, and competencies — to ensure that leadership has a deeper understanding of the talent landscape at their organization. Visible to employees and managers, UltiPro’s employee “talent card” provides a consolidated view of multiple succession-readiness factors, which then can be used in both decision-making and career development processes.
In its Fall release, Ultimate Software delivered additional Web Services to include W-2 integration with Intuit’s TurboTax, enhanced mobile capabilities, Web Services to enable additional language support, as well as configurable data fields to enable further global operations. Ultimate’s Fall release for UltiPro also includes more than a dozen compliance updates and enhancements to the year-end process. These features make it easier for HR professionals to handle complex year-end processing through a convenient, one-stop “year-end gateway.”
"Employees don’t compartmentalize their career into areas like ‘payroll,’ ‘performance,’ ‘development,’ or ‘succession’ — it’s all part of one integrated work experience,” said Adam Rogers, chief technology officer and senior vice president at Ultimate Software. “The technology revolution in business right now is the merging of separate systems that traditionally served department or functional silos — such as recruitment, payroll, or performance management — into a person-centered solution driven not just by the bottom-line needs of the business, but by the realization that developing a more engaged workforce begins with treating employees as people, helping them get work done every day."
About Ultimate Software
Ultimate Software is a leading provider of unified human capital management (HCM) Software-as-a-Service (SaaS) solutions for global businesses. Ultimate’s award-winning UltiPro® solutions deliver the functionality businesses need to manage the complete employment life cycle from recruitment to retirement. Based in Weston, FL, Ultimate employs more than 1,200 professionals who are focused on developing the highest quality solutions and services. In 2010, Ultimate was named an Optimas Award winner by Workforce Management magazine. In 2009, Ultimate was awarded first place in the People’s Choice Stevie® competition for Favorite New SaaS Product and was ranked the #1 best medium-sized company to work for in America by the Great Place to Work® Institute for the second consecutive year. In 2010, Ultimate’s security practices were recertified for ISO/IEC 27001, and Ultimate was the first HR SaaS vendor to be ISO/IEC 27001 certified in 2008. Ultimate has approximately 2,200 customers representing diverse industries, including such organizations as Adobe Systems Incorporated, The Container Store, Culligan International, Elizabeth Arden, Major League Baseball, The New York Yankees Baseball Team, P.F. Chang’s, and Ruth’s Chris Steak House. More information on Ultimate’s products and services can be found at www.ultimatesoftware.com.
UltiPro is a registered trademark of The Ultimate Software Group, Inc. All other trademarks referenced are the property of their respective owners.
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