Burlingame, CA, June 4, 2004/PRNewswire/ - WorkForce OS announced today the introduction of their long-awaited Talent Inventory Management System, TIMS. By focusing on talent retention, TIMS adds immediate value for companies involved with Mergers and Acquisitions, Restructuring, and Succession Planning. "We realize that retaining an organization's most valuable asset, their workforce, is both critical and daunting for managers," states Susan Magrino, President of WorkForce OS. "That's why we designed TIMS as a self-service, configurable environment for employees and managers. Virtually everything within the talent pool can be inventoried, including tests, certifications and project history."

TIMS allows companies, from the Fortune 500 to emerging enterprises, to inventory and track internal talent and make the best hiring decisions to support their business needs. "As the job market improves, companies need to understand and value every aspect of an individual. Everything from the languages an employee speaks to their commuting preferences should be understood." Magrino continued, "After all, the value of a company is based on its intellectual capital - its people."

"We have known for years that changes in workforce demographics would make tracking workforce skills and capabilities critical. However, the high unemployment rate over the past several years reduced the urgency," comments Harriet Kass, Policy Consultant, John J. Heldrich Center for Workforce Development, Rutgers State University of New Jersey. "Now that the employment market appears to be improving, organizations must ask themselves if they really know what talent they have - do they have an inventory of their workforce?"

As the Labor Department's monthly Job Report continues to improve, TIMS will become even more relevant for talent retention. "If companies don't know who works for them," Magrino adds," they can be sure their competitors will. The skills they need tomorrow might have walked out the door today."

Based on .NET architecture using Oracle 9i, TIMS interfaces with current HRIS systems, integrates within an employee portal, or functions as an independent Talent Inventory tool. TIMS is a member of the WorkForce OS suite of self-service products.

About WorkForce OS
WorkForce OS focuses on workforce issues such as providing support to corporate and university alumni networks, appropriate force reduction, skilled-labor shortage, and re-employing dislocated workers. The WorkForce OS product line, including TIMS, is patent pending design/technology. Founded in 1999, WorkForce OS is headquartered in Burlingame, CA with an east coast office located in Madison, NJ.