2006 Press Releases

Workstream Announces Workstream Development 6.0

Company Offers Robust Competency-Based Development Solution – Including Comprehensive Succession Planning, Learning Management and Organizational Charting Capabilities

Ottawa, ON. – March 2, 2006 - Workstream Inc.™ (NASDAQ: WSTM), a provider of On-Demand Enterprise Workforce Management software, today announced the release of Workstream Development 6.0, a new addition to the Workstream TalentCenter suite, which can also be purchased as a stand alone product. The Workstream Development 6.0 product line significantly enhances the employee development capabilities the Company offers with particular emphasis on providing Human Resource organizations with tools to retain high potential employees and develop the quality of their overall workforces.

Key components of this solution are a robust succession planning product, organizational charting and the ability for employees to create and manage individual development plans through access to over 10,000 pre-packaged career development courses, including the entire SkillSoft™ e-library, as well as through direct links to the Workstream Competency Dictionary, thus enabling customers to simplify and efficiently manage the competency models, jobs and roles within their organizations.

“Workstream’s newest product line combines the best of learning management with succession planning and competencies to create Workstream Development,” stated Kevin Dobbs, EVP at Workstream. “Customers want an easy way to empower professional development of job-related skills and competencies within their workforces, as well as have the ability to harness the leadership talent that is necessary to drive overall organizational success. Workstream Development just adds another powerful dimension to our growing talent management capabilities that are all available through the Workstream TalentCenter,” said Dobbs.

Workstream Development 6.0 is a highly configurable offering where administrators can choose from hundreds of options for every aspect of competency development and succession planning. Workstream Development has deep integration to Workstream Performance, which enables employee assessment results to trigger the creation of Individual Development Plans that seamlessly address the competency gaps and training needs of employees. These IDP’s can be managed against a wide array of skills, behaviors, attributes and competencies. This unique approach leverages the Workstream Competency Dictionary which contains more than 9,000 technical competencies with the learning and development content provided through a set of pre-integrated links to over 10,000 SkillSoft™ training courses designed for employees and managers. Once training is completed, employee profiles are then automatically updated within the Workstream Development product.

Workstream Development 6.0 is a truly global solution that can be deployed to handle European and Asian languages. Workstream Development is also a flexible solution that allows customers to easily configure and administer the systems themselves, without IT intervention. Workstream Development can be deployed as a stand alone application or integrated with other applications such as Workstream Performance to create a mini talent management solution.

The Workstream Development 6.0 product can be efficiently integrated with other major ERP systems including SAP and Oracle-PeopleSoft. Because it is complementary to these systems, Workstream Development 6.0 helps to extend their value, in a fraction of the time and expense of building out this functionality from the ground up. Workstream Development 6.0 is being used by a variety of organizations including CSC, Equity Office Properties and US Department of Labor.

Key Features of Workstream Development 6.0:

• Highly Configurable – Flexible user interface, offering hundreds of options for configuring every aspect of competency management and succession planning and individual development plans.
• Integrated Competency Library - Delivers a pre-integrated competency library of over 9,000 technical competencies.
• Individual Development Plans – Supports IDP creation and management through out the entire career development process.
• Common Job Profiles – Allows for easy creation of comprehensive job profiles utilizing over 100 pre-defined job descriptions that leverage the Workstream Competency Dictionary.
• Multi-Language Support – Supports multiple languages and character sets.
• Succession Planning – Provides the ability to evaluate potential successors and designate and analyze them against an overall organizational or departmental succession plan. This includes a tool that automatically finds and ranks potential successors based on their competencies.
• Rapid Set Up – Provides a strong configuration capability that allows for efficient set-up and quick deployment for small groups or across the enterprise.
• Organizational Charting – Uses information that resides in your Workstream or corporate systems to create visual organization charts to assist in planning and what-if analysis.
  

About Workstream Inc.
Workstream provides On-Demand Enterprise Workforce 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, Benefits, Performance, Compensation, Rewards 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 ten offices across North America, Workstream services over 400 customers including Chevron, The Gap, Home Depot, Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony Music Canada, VISA, and Wells Fargo. For more information visit www.workstreaminc.com or call toll free 1-866-470-WORK.

For more information contact:
Investor Relations:
Tammie Brown
Workstream Inc.
Tel: 877-327-8483 ext. 8263
Email: tammie.brown@workstreaminc.com