June 9, 2011

The Hackett Group Inks Strategic Alliance with Vision21

  • Assessment and Survey Solutions Hold the Key To Cutting-Edge Enterprise Talent Management

MIAMI, June 9, 2011 - The Hackett Group, Inc. (NASDAQ: HCKT) has entered into a strategic alliance with Vision21 to make a comprehensive suite of personnel assessment and survey solutions available to The Hackett Group's Global 1000 corporate clients as an integrated part of Hackett's advisory, benchmarking, and transformation efforts.

Vision21 leverages talent management expertise and tools within its broader advisory practice focused on driving enterprise health and value. The Hackett Group's leading benchmarking, advisory, and transformation practices extend the combined 'knowledge package' and service capacity to unmatched levels, on a global basis.

Vision21 product offerings cover mission-critical organizational needs ranging from pre-employment screening, job matching, manager relationships and teambuilding to employee engagement, high-potential/leadership development, strategic workforce planning and more. Vision21 is a Strategic Business Partner of Profiles International, Inc., the leading publisher of job-matching assessments. Vision21 offers a full range of assessment and survey solutions, from Profiles and others, to properly support more than 95% of all major enterprise talent management initiatives, processes and decisions.

The Hackett Group will use Vision21's assessment tools as an integrated part of select client engagements to enhance its ability to help companies achieve world-class efficiency and effectiveness in HR operations, improve strategic alignment, and enhance their ability to drive business value.

The Hackett Group's recently-released 2011 HR Book of Numbers found that world-class HR organizations now spend nearly 30 percent less per employee on HR and operate with over 25 percent fewer employees. They also achieve significantly higher effectiveness across many key areas. World-class companies invest twice as much of their annual budget on strategic workforce planning, are able to fill open positions more quickly, and have 33 percent fewer voluntary terminations. In addition they provide business leaders with better access to information and more effective decision-support mechanisms. The Hackett Group's research has also found that talent management top performers see significantly higher EBITDA than typical companies, driving $550 million to the bottom line annually (for a typical $26 billion Global 1000 company).

"The better an HR organization understands its company, and its workforce, the more effective it can be truly supporting their company's business goals," said John Cooper, Senior Director HR Advisory at The Hackett Group. "We expect this alliance to significantly expand our ability to help companies gain new insights into their workforce. Vision21 offers exceptional tools that make it easier for companies to do comprehensive strategic workforce planning and analyze and optimize their workforce. This can enable them to respond more effectively to anything from mergers and acquisitions and new competitive pressures to new product offerings, or changes in the economy or marketplace. We're also very excited by the potential to use data from Vision21's assessment tools to dramatically expand our intellectual property, benchmark metrics, and best practices analysis in several key areas."

According to Vision21 President and CEO Dick Melrose, "It's not just the industry-leading products, it's the applications' expertise that puts those tools to work saving money, making money, improving compliance and extending sustainable competitive advantages for our clients. Doing well what matters most can lead to 10x short-term ROI and additional dividends throughout the employee lifecycle. Very few businesses have better investments available to them. That's the magic here."

The Hackett Group has used tools from Vision21 and Profiles since 2009. During 2010, The Hackett Group and Vision21 began jointly introducing Profiles' solutions to select clients. In the fall of 2010, The Hackett Group and Vision21 co-authored a ground-breaking article on employee engagement for the benefit of current members of The Hackett Group's Executive Advisory Programs.

Clients can access the full complement of assessment and survey solutions 24/7/365 from any Internet connection, via dedicated, user-friendly dashboards. All the tools and reports are designed for direct use by front line managers - i.e. there's no special training required beyond the brief, plainly written User's Guides and there's no need to pay consulting experts to 'interpret' results. "More and better information, together with better processes, lead directly to higher quality decisions and stronger results. It's that simple", Melrose remarked.

With the Vision21 approach, there's no hardware or software for clients to buy, learn or maintain; and there are no licenses or contracts to sign, either - i.e. just 'pay as you go' for actual usage and take advantage of very attractive quantity discounts (i.e. up to 50% off in typical enterprise quantities). In the weeks and months ahead, The Hackett Group and Vision21 will offer a number of low-cost, no-obligation experiential learning opportunities - each of which will address a specific high-priority talent management mission.

About The Hackett Group, Inc.

The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies. Services include business transformation, enterprise performance management, working capital management, and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including its award-winning Oracle EPM and SAP practices.

The Hackett Group has completed more than 11,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 86% of the Fortune 100, 87% of the DAX 30 and 52% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm's benchmarking metrics, best practices repository, and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance.

About Vision21

Vision21 serves clients as large as Fortune 25 with high-performance approaches that help business leaders drive enterprise value. Vision21 brings the CEO perspective to opportunity sets as diverse as operational excellence, talent management, value innovation, enterprise thinking capabilities and strategic execution. Richard S. (Dick) Melrose, a former international industrial CEO, founded Vision21 in 2002. He has since integrated a number of straightforward solutions that operate with extreme effectiveness into a comprehensive framework of meta-disciplines that complement one another in creating enterprise value. Vision21 became a Strategic Business Partner of Profiles International, Inc. in March 2004, after conducting extensive due diligence in the field of personnel assessments and surveys.