Olsten Corporation Selects The Work Number from TALX Corp. for Outsourced Automated Salary and Employment Verifications
ST. LOUIS--(BUSINESS WIRE)--Sept. 28, 1998--TALX Corp. (NASDAQ: TALX - news) today announced that Olsten Corporation, (NYSE: OLS - news), has selected to outsource salary and employment verifications to The Work Number(R) automated service from TALX Corp.
With the addition of Olsten Corporation's current and former corporate employees -- a total of 700,000 records -- The Work Number's national database of employment records has reached 20 million payroll records under contract.
With 20 million records under contract, The Work Number database continues to be the nation's largest multi-employer database of payroll records, while TALX firmly leads the industry by providing more automated employment and salary transactions than any single competitor.
''We selected The Work Number from TALX to automate employment and salary verifications because it offers an expedited service to our current and former employees who are looking to secure a loan today or in the future,'' said Chris Javora, HR manager, Olsten Corporation. ''Outsourcing this process should also benefit the company by alleviating the burden of administrative paperwork and freeing staff time for other mission critical projects.''
Since TALX established The Work Number in 1995, the database has grown to include 25 percent of the Fortune 100 companies, 71 Fortune 500 Companies and nearly two dozen federal government agencies.
''The rapid growth of The Work Number database is a much-watched phenomenon,'' commented Bill Canfield, president and CEO of TALX. ''For current clients and prospective clients, this growth of the service means our outsourced solution continues to be embraced by leading employers nationwide. For our shareholders, the database represents a growing asset from which TALX derives predictable transaction revenue as more than 400 verifiers nationwide 'hit' the database,'' he said.
Organizations that outsource salary verification using The Work Number service include: the state of California, Hewlett-Packard, JC Penney, Microsoft, Motorola, Procter & Gamble, Quaker Oats, Sears Roebuck & Co., the state of Florida, the state of Missouri, Sun Microsystems, Tenet Healthcare Corp. [NYSE:THC - news], and the Department of Agriculture (USDA).
About The Work Number
Typically before a lender grants a loan, it contacts the loan applicant's employer to verify the applicant's employment and salary. Companies that employ thousands of people are deluged with such requests for information and incur significant administrative costs to process them. The Work Number service offers employers an automated solution by allowing companies to feed their payroll records into a national database. With appropriate security clearances, lenders and other organizations can access the database automatically to verify the information.
Implementing The Work Number is a simple process. Once the client contracts for services, TALX assists the client in formatting its data so that it can be added to the live database and refreshed each pay period. Olsten has chosen to add records to the database over the next several months. A complete client list and additional information about The Work Number can be obtained by calling 1-800/888-8277, visiting the Web site at theworknumber.com or sending an e-mail to moreinfo@talx.com.
About Olsten Corp.
Olsten Corp. is a world leader in staffing services and North America's largest provider of home health care and related services. Primarily through Olsten Staffing Services, the company operates more than 900 staffing or information technology offices in North America, South America and Europe, providing assignment employees to business, industry and government, as well as services for the design, development and maintenance of information systems. Through its Olsten Health Services subsidiaries, the company's more than 400 health care offices in the United States and Canada provide health care Network Services and care givers for home health care and institutions, home infusion and other therapies, and management services to hospital-based home health agencies. In 1997, Olsten Corp. employed approximately 670,000 people serving approximately 625,000 client/patient accounts. The company achieved 1997 system-wide sales of $4.8 billion and revenues of $4.1 billion.
About TALX Corp.
St. Louis-based TALX Corp. provides software, outsourcing and other services, such as interactive Web, interactive voice response (IVR) and call center solutions, to large organizations such as federal government agencies and Fortune 500 companies. The company offers two branded solutions for the Human Resource, Benefits and Payroll market: The Work Number(R) and Employee Central(TM).
Statements in this press release expressing the expectations of management may be forward-looking and involve uncertainties. TALX investment information is detailed in documents filed with the Securities and Exchange Commission.
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Contact:
TALX Corp.
Jackie Engel, 314/214-7181
jengel@talx.com
or
DG&A Communications
Jill Sherman, 314/725-0122
jills@dgastl.com |
