Posted by: Hannah Stacey in Untagged on
15 May 13
SilkRoad customer eBay has been selected by Aberdeen Group as a Best-in-Class business after implementing an exemplary onboarding programme. A case study of the on-line store is used in the research company’s Onboarding 2013: A Look at New Hires report, which analyses the onboarding practices of 230 organisations.
eBay invested in technology from SilkRoad in order to automate form management as well as tasks and the socialisation aspect of onboarding. As a result, the company cut the administrative costs of onboarding by a quarter and reduced the number of onboarding steps by 60 per cent. This helped them improve business productivity and reduce operational outlay.
Firms considered by Aberdeen Group as Best-in-Class share characteristics such as a commitment to aligning onboarding objectives with company goals and using strategic initiatives to drive engagement and productivity. Key to being recognised was the fact that they had all invested in technology to aid in the onboarding process.
Nicholas Roi, Managing Director of SilkRoad UK comments: “We are proud that, as a result of our technology, eBay has been chosen to represent ideal onboarding practices in Aberdeen Group’s report. The report states that the selection and implementation of onboarding solutions, and the way in which they are integrated with talent management systems, plays a vital role in promoting business performance and growth – eBay is a prime example of a company putting this strategy into action and achieving outstanding results.”
Posted by: Hannah Stacey in Untagged on
11 Mar 13
Nearly two thirds of companies do, or plan to bolster their recruiting and hiring efforts with internal social networking technology according to a whitepaper by SilkRoad Technology. Just over half, 54 per cent, do or will use social technology to supplement in-house learning and development while 34 per cent do or will use it to support performance management.
The results are from SilkRoad’s ‘The State of Talent Management ‘2013’, a white paper based on eight surveys issued to 5,753 professionals in the HR industry in 2012. It focuses on social media and talent management, learning and compliance, recruitment and transition management, human resource management systems, and the state of employee engagement.
Nicholas Roi, managing director of SilkRoad Technology UK comments: “Talent management is a fast-moving industry, and every year brings new trends. Emerging technologies are having a marked effect on the way in which employees engage with their employer, which is of vital importance, considering the significant rise in mobile workforce numbers globally.”
As well as identifying the shift towards social technology use in talent management, the report discusses the increasing trend for organisations to rely on cloud-based Human Resource Management Systems (HRMS). More than a quarter (26 per cent) said that they now use pure-cloud systems, and a further 20 per cent combine their in-house installed system with a cloud solution.
Respondents also reported difficulties in assessing the value of engagement programmes. SilkRoad questioned this point and found that most (58 per cent) rely on annual employee surveys to measure engagement while 48 per cent hold ’regularly scheduled town hall meetings’. Currently 16 per cent use social media tools for measurement.
Posted by: Hannah Stacey in Untagged on
19 Feb 13
SilkRoad Momentum Fueled by Customer Acquisitions, Strategic Partnerships, Product Innovation and Industry Recognition
SilkRoad, a leading global provider of cloud-based social talent management software, has reported that it experienced worldwide growth in the fourth quarter as a result of new customer acquisitions, significant strategic partnerships and product innovation. SilkRoad acquired 185 new customers globally, representing a 44 percent growth rate over the fourth quarter of 2011.
“As the leading pure-play talent management provider, we are dedicated to providing the most innovative and comprehensive talent management technology that’s available anywhere,” said Flip Filipowski, CEO of SilkRoad. “To that end, we expanded partnerships and updated products in Q4 to offer more functionality for businesses and employees alike. The record number of clients who chose SilkRoad’s Life Suite® HR software this quarter is a clear indication of our success.”
Highlights from the quarter
Customer Acquisitions
Posted by: Hannah Stacey in Untagged on
22 Nov 12
SilkRoad Expands International Operations,Accelerates Innovation and Customer Adoption in Q3 2012
Momentum for SilkRoad Fuelled by International Growth, Product Innovation and Customer Acquisitions
November 2012, LONDON, UK – SilkRoad, the leading independent software company specialising in award-winning and innovative social talent management solutions, today reported record customer growth during the third quarter. The company’s recently acquired customers range from a global financial firm to companies such as Microfocus, Britvic and mortgage supplier Acenden. In addition, SilkRoad made significant investments in growing its international operations and enhancing the mobile and application integration capabilities of its Life Suite software.
“Over the last year, record levels of resources have been dedicated to the Human Capital Management industry, further validating the future and promise of HR in the cloud,” said Flip Filipowski, CEO of SilkRoad. “Our main priority is to continue to innovate, giving our customers access to the most advanced social talent management platform available. Over the past quarter this commitment has seen us acquire many new customers, and we expect this growth to continue as the economy gains momentum.”
Highlights from the Quarter:
LONDON, UK - October 17, 2012 - SilkRoad Technology has advanced its long-standing mission to explore new markets for its award winning social talent management solutions with new offices in Scandinavia and Mexico. Over the past five years, SilkRoad has grown to over 20 offices, signed a number of strategic partnerships and diversified the geographic makeup of its customer base. In the first nine months of 2012, SilkRoad added more than 50 clients in EMEA.
In the UK, SilkRoad's recently acquired customers range from a national
broadcaster to a specialist healthcare provider and a global financial firm as
well as Microfocus, Britvic and the mortgage supplier, Acenden.
"We've taken a balanced approach to penetrate both mature and early stage markets. This enables us to realise near-term results to support additional expansion," said Flip Filipowski, CEO, SilkRoad Technology. "We're focused on having the right business leaders in place to capitalise on regional market opportunities. These leadership teams quickly focus on establishing a blend of local employees who can attract and support our customers."
SilkRoad Named a Major Player in IDC MarketScape: Worldwide Social Technology in Integrated Talent Management Vendor Assessment
SilkRoad Recognised for Its Integrated Social Talent Management Capabilities
London, August 2012 - SilkRoad Technology, Inc. has been ranked a major player in the IDC MarketScape: Worldwide Social Technology in Integrated Talent Management Vendor Assessment, IDC #236025, July 2012, for its ability to enable companies to attract, develop and engage top talent through innovative social talent management solutions. IDC recognised SilkRoad for its social recruiting capabilities and employee-centric solutions designed to cover all facets of talent management.
"We're watching the integration of social technology into talent management very closely as the market remains nascent," said Lisa Rowan, program director, HR, Talent, and Learning Strategies and Services for IDC. "SilkRoad is innovating in this space, providing social talent management solutions that deliver a competitive advantage by improving the employee experience."
Posted by: Hannah Stacey in Untagged on
03 Aug 12
SilkRoad recognised in Learning, Performance Management, Compensation and Recruiting
SilkRoad Technology, Inc., a leading provider of cloud-based social talent management solutions, has been ranked as a major player in four separate MarketScape reports published by the International Data Corporation (IDC). SilkRoad's Life Suite was recognised for its Learning, Performance Management, Compensation and Recruiting solutions.
SilkRoad provides a full suite of talent management solutions, including HRMS, that streamlines time-intensive HR functions from recruiting and onboarding through learning and career development; encompassing all employee milestones from pre-hire to retire. The employee centric software helps companies around the world build a self-motivating culture by empowering employees with the tools needed to drive their own careers and relationships with co-workers.
"The talent management market is one of the hottest applications markets with double-digit growth, market consolidation, and stiff competition," said Lisa Rowan, program director, HR, Talent, and Learning Strategies and Services for IDC. "SilkRoad distinguishes itself in the crowded field with high marks in customer service and cost-effectiveness from its clients."
Posted by: Hannah Stacey in Untagged on
16 May 12
SilkRoad Welcomes Nearly 120 New Customers Including Aruba Networks,
Provant Health Solutions and NSTAR Global Services
London (May 16, 2012) - SilkRoad Technology, Inc., a leading provider of social talent management solutions, continues to gain significant momentum for its Life Suite® product line with accelerated customer growth in the first quarter, including Channel Four Television Corp. in the UK and US companies G-TECH, Presidio Network Solutions, Aruba Networks, Provant Health Solutions and NSTAR Global Services. In addition, the quarter saw an increase in the number of international customers, including Nippon Insurance Information Technology for Skill development (Japan), Rainforest Education (Singapore) and Mazars (France). SilkRoad's Life Suite solutions provide companies worldwide with an intuitive design, scalability and localisation to effectively engage develop and enable top talent.
"We've witnessed a sensitisation to human capital management around the world as more organisations look to HR to drive business performance," said Flip Filipowski, executive chairman and CEO of SilkRoad. "SilkRoad stands out as the leader in innovative talent management technology with our employee-centric HR solutions that empower people to drive their own careers. Unlike other talent management providers, SilkRoad has an entire suite of human capital management solutions, including a HRMS and unique social capabilities for companies of all sizes and industries."
Posted by: Hannah Stacey in Untagged on
14 May 12
Funding will Accelerate Worldwide Expansion and Product Innovation
SilkRoad, a leading provider of social talent management solutions, has completed a $35 million Series C financing round. New investors include Keating Capital (Nasdaq: KIPO) and NTT Finance (NYSE: NTT). Existing investors including Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital, amongst others, invested in the oversubscribed round. This new funding will support worldwide expansion and product innovation in preparation for a potential 2012-2013 initial public offering.
"SilkRoad has earned a reputation for product innovations that solve top talent management challenges," said Timothy J. Keating, CEO of Keating Capital. "With business performance and employee engagement top of mind for many businesses, SilkRoad is poised for continued growth with the efficiencies its cloud-based, social talent management solutions deliver. In addition, we were impressed by the Company's management team, which has retained its founding visionary and includes industry veterans seasoned in bringing companies to public market."
Micro Focus strengthens recruitment programmes with SilkRoad technologies
10 April 2012, London - Leading global software company, Micro Focus, has invested in SilkRoad technology's recruitment solution, OpenHire. Following a successful installation in the company's Belfast office, where the software has facilitated the employment of 15 new staff, OpenHire will now be deployed across the company's offices worldwide.
SilkRoad Recruiting and
Onboarding Solutions Selected by Milestone Technologies, Inc.
SilkRoad's Solutions
Eliminate Overhead and Streamline the Talent Acquisition Process
LONDON, UK (March 26, 2012) - Milestone Technologies, Inc. (MILESTONE) has selected leading provider of social talent management
solutions, SilkRoad technology, inc., to streamline its talent management processes. MILESTONE will be implementing SilkRoad's OpenHire for recruiting anagement and applicant tracking as well as RedCarpet for onboarding anagement. Upon implementing SilkRoad's OpenHire and RedCarpet, MILESTONE expects to realize a more than five percent return on investment in just the first year.
MILESTONE is an IT consulting business with a workforce operating in 30 countries around the globe. With many employees working remotely, the Company recognized that its previous talent management system was unable to scale to meet the needs of the growing business. To address this, MILESTONE selected SilkRoad's intuitive, cloud-based offerings, which can be easily accessed by employees across the globe, anywhere, at any time.
"It was important to us to find not just a vendor with a good suite of software providing a superior and innovative experience, but also a business partner that supported our overall virtualization strategy. We found that partner in SilkRoad," said Kasey Konkright, director, recruiting for MILESTONE.
Posted by: Hannah Stacey in Untagged on
21 Mar 12
High profile organisations boost employee performance and engagement with SilkRoad's employee-centric Life Suite
21 March 2012, London - SilkRoad technology, a global provider of social
talent management solutions, is celebrating its first year in the UK with impressive growth figures.
Among SilkRoad's first UK customers is Britvic. The soft drinks giant has implemented SilkRoad's applicant tracking solution, OpenHire. Britvic chose to work with SilkRoad following a lengthy testing process in which OpenHire outperformed its existing applicant tracking software.
"SilkRoad's solution offers much more than our previous system," comments James Tucker, GB Recruitment Manager, Britvic. "Not only does it save us money by enabling us to post on job boards directly without the need to pay an advertising agency, but it also allows us to find the best candidates by increasing our ability to pipeline effectively. The software is extremely user-friendly and successfully integrates with social media platforms including Twitter, Facebook and LinkedIn, providing us with a modern, relevant solution."
SilkRoad was launched in the US in 2005 and entered the UK market in early 2011 with its Life Suite, a comprehensive range of social talent management solutions. SilkRoad's UK suite offering includes OpenHire - a direct recruitment tool, RedCarpet for onboarding and life events (transfers, promotions, relocations, maternity, etc.), WingSpan - to assess and handle
performance management and GreenLight - for training and learning
management.
