Payroll and human resources services provider Paychex (NASDAQ:PAYX) has signed an agreement with on-demand talent management company Taleo (NASDAQ:TLEO) to deliver Taleo Business Edition, an online recruiting and hiring tool.

The integrated solution will allow small and midsize businesses to compete in the recruiting and retention of top talent by providing a cost-effective way to build a company career site, manage open positions, attract and track applicants, complete the hiring process and manage payroll services.

"Job boards, Excel spreadsheets and Outlook fall short when it comes to competing for superior candidates," Jason Blessing, group vice president and general manager for Taleo's small and midsize business department, said in a statement. "With this alliance, Taleo and Paychex are empowering SMBs with a compelling and high-value offering that will allow them to better source and retain passive and active candidates and then easily feed all new hire information into the Paychex Preview payroll system."

Published on: Dec 5, 2007