Cadrion Technologies is looking to expand in the US.
Cadrion provides an end-to-end strategic staffing solution that acts as a decision enabler for recruitment, resource management, career progression and staff retention. Workforce suite, the company’s flagship package takes a four-step approach to meeting the needs of a HR manager.
The first element of the package is a web-based recruitment management function that allows effective sorting of applicants and the generation of a shortlist of suitable candidates. This is accompanied by a resource-planning tool that is capable of taking into account individual skills and preferences as well as timetables to build effective work teams.An analysis module enables easy evaluation of individual performance and progress. The fourth module concentrates on career planning and retention and aims to suggest career paths and maintain employee satisfaction.
Cadrion is not the only company providing such software. HR consultancies and ERP vendors such as Peoplesoft and SAP have marketed similar solutions, but have not reached the versatility and sophistication of this product.
Cadrion has partnered with network service provider Cable & Wireless and systems integrators to make its offering more widely available throughout Europe. Plans for the company’s future include expanding to the more competitive US market and developing a broader product range. In order to achieve these goals, Cadrion is currently in talks with US Venture Capital Funds.
The recent changes in the employment market mean that staff selection and retention have become key success factors for many firms. Cadrion certainly entered the market at the right time, in 1999, and is now in a strong position, as awareness of the need to improve workforce management is increasing across all vertical sectors. Cadrion’s software suite offers greater capabilities than simply focusing on the traditional areas of payroll and benefits administration. Instead it brings a new degree of integration to recruitment and employee retention strategies. The company should see strong sales over the next 12 months.
