The union of the two human resources solution companies connects Workscape’s enterprise compensation management solution with Performaworks’ products for employee performance management under the OneForce product family. Combined, the products allow for a “pay for performance” solution that is designed to be used by employees and managers available in both licensed and hosted deployment options, according to a news release.
The existing Performaworks performance management and assessment products will be marketed as OneForce/Performance. Additional modules for multi-source assessment, goal alignment, competency management and development planning are also available. In addition, the recently announced Performaworks Succession Management application will be re-branded as OneForce/Succession and is available as both an integral component of OneForce/Performance or as an independent product. All of the Performaworks products will be available from Workscape in both hosted and licensed deployment options.
Performaworks’ current President and CEO Paul Schaut will join Workscape in a new role as Executive Vice President, Workforce Management Strategy and Development.
Workscape’s purchase of the Performaworks solutions marks its third acquisition in less than a year, following the company’s purchase of the operating assets of CallConnect in August 2003 and TALX Corporation’s benefits line of business in April 2003. Financial terms of the latest transaction were not disclosed.