|
Waltham,
MA,
October 07, 2008
-- Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation and talent management solutions, today announced an important milestone in its strategy to deliver competency-driven talent management with the public debut of succession planning (launched in May 2008) and the launch of workforce capabilities management. This unique approach to talent management leverages Salary.com's proprietary job-competency model across all of the talent management functions. Customers can now develop and assess skills profiles by job and more effectively compensate, review and develop employees. With the addition of these products, Salary.com is uniquely positioned to offer enterprise customers a robust, integrated talent management suite to fuel employee performance and drive shareholder value.
TalentManager® succession planning and workforce capabilities management highlight an action-packed agenda for Salary.com at the 11th annual HR Technology Conference & Exposition in Chicago. The company will conduct TalentManager demonstrations as well as preview other new applications, including recently acquired InfoBasis learning and development solutions, at booth #415 for attending practitioners, analysts and media. In addition, the company will participate in the HR Technology "Shootout," a spirited contest between Salary.com and three competitors. Salary.com will showcase TalentManager's robust capabilities to integrate talent management functions using consistent, job-competency models and improve employers' abilities to develop their workforce, improve performance and achieve critical business goals. Finally, Salary.com will host a cocktail reception at Fulton's on the River, 315 N. LaSalle Street, on Wednesday, Oct. 15 from 6:00p.m. - 9:00p.m., during which attendees can mingle with Salary.com executives and customers while enjoying the incredible Chicago skyline and river views.
The Leading Competency-Driven Talent Management Suite
Underscoring its mission to help customers identify, reward and retain their highest-performing employees, Salary.com's TalentManager succession planning product gives human resources executives the power to search for and select internal job candidates based on a combination of requirements including competencies, performance, readiness, potential and promotability for each position being planned. Providing as much visibility into candidate performance as needed, the system builds comprehensive employee profiles with key data for each candidate (e.g., work history, job title and responsibilities, education, salary, performance history and competencies). HR executives can configure and customize profile views to zoom in on the information most relevant to the succession plan in place and can compare and rank candidates side-by-side. They can also collaborate online with other planners using message boards and polling tools to discuss and evaluate best fit and readiness-these virtual collaboration features will greatly increase the efficiency of the succession planning process.
Integrated Talent Management Shootout
Selected to participate in the HR Technology Shootout, Salary.com will go toe-to-toe with competitors to determine which solution best solves the myriad of talent management challenges faced by a hypothetical multi-national manufacturer and distributor. In the Shootout, Chief Executive Officer Kent Plunkett will show how effectively and efficiently Salary.com's on-demand suite can be used to:
-- identify the new skills a particular employee must develop to make a transfer to a new department in a new region;
-- link bonus payouts with the performance of several similarly high- performing executives; and
-- help the direct reports of an overstressed executive deliver lofty performance goals despite unexpected events and the lack of a critical manager position tasked with mentoring and boosting the performance of the sales team.
New Workforce Capabilities Management Offering
Salary.com's new workforce capabilities application will enable employers to assess, identify and quantify the overall capabilities of their organization. Employers will be able to define what competencies are critical to the organization and determine if they are at risk in core areas crucial to business performance. Employers will not only be able to inventory and profile key skills by job but also quantify the skills gaps by division and for the entire organization. The new offering will help executives determine if they are spending their training dollars effectively, and identify the cost to make the organization competitive and fill gaps required to improve the organization's performance and business success.
"The addition of on-demand succession planning and workforce capabilities management solutions demonstrate our progress to deliver competency-driven software to customers of all sizes, in all industries," said Kent Plunkett, chief executive officer, Salary.com. "We look forward to continually bringing to market the most sophisticated and easiest-to-use software to help customers inspire a competency-based culture that's critical for success in the global marketplace."
About Salary.com, Inc.
Salary.com is a leading provider of on-demand compensation and talent management solutions helping businesses and individuals manage pay and performance. Salary.com's highly configurable software applications, proprietary data and consulting services help HR and compensation professionals automate, streamline and optimize critical talent management processes including: market pricing, compensation planning, performance management, competency management and succession planning. Built with compensation and competency data at the core, Salary.com solutions provide businesses of all sizes with the most productive and cost-effective way to manage and inspire their most important asset — their people. For more information, visit www.salary.com.
Human Resource Executive's Technology® Conference & Exposition is Produced and Presented by Human Resource Executive® Magazine, LRP Publications and LRP Conferences, LLC, and is a registered trademark of Human Resource Executive Conferences
Safe Harbor Statement
This release contains "forward-looking" statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "expects," "projects," "anticipates," "estimates," "believes," "intends," "plans," "should," "seeks," and similar expressions. This press release contains forward-looking statements relating to, among other things, Salary.com's expectations and assumptions concerning future performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. The risks and uncertainties referred to above include, but are not limited to, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, our ability to expand our customer base and product and service offerings, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our ability to hire, retain and motivate our employees and manage our growth, and competition, as well as those risks and uncertainties described in Salary.com's filings with the Securities and Exchange Commission. Salary.com expressly disclaims any obligation to update any forward-looking statements. |