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Waltham,
MA,
October 22, 2008
-- Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation and talent management solutions, announced today the successful showing of its TalentManager application in the industry's first integrated talent management Shootout at the HR Technology Conference & Exposition held in Chicago last week. Salary.com's success in the shootout comes on the heels of TalentManager winning the 2008 Human Resource Executive Product of the Year Award, with the application being cited for its best-in-class succession planning capabilities. Salary.com demonstrated the benefits of a fully integrated talent management software suite, providing HR executives and managers the ability to recognize high performers, identify business performance issues, close skills gaps and optimize talent decision-making with integrated business intelligence across compensation, performance and succession functions.
As one of four vendors ultimately selected for the shootout (from a pool of 17 talent management software companies), Salary.com excelled in linking employee compensation with performance and officially tied for second place with Cornerstone OnDemand and Softscape, while Authoria was announced the overall winner.
Salary.com's chief executive officer, Kent Plunkett, delivered a powerful overview of TalentManager's unique ability 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. The testing of TalentManager's capabilities across a series of hypothetical talent management and succession planning scenarios wowed conference attendees and resulted in Salary.com's strong showing.
"We're very happy with TalentManager's strong finish in the first integrated talent management shootout at HR Tech," said Plunkett. "As always, the competition was spirited and we're pleased with the enthusiasm the audience showed in response to TalentManager's ability to help them identify, reward and retain their highest performing employees. The accolades we received from the audience of HR practitioners -- coupled with our winning the 2008 Top Product of the Year award -- affirms that our product vision is in lockstep with customers' needs.&
Bill Kutik, co-chairman of the HR Technology Conference & Exposition and contributing writer for Human Resource Executive(R) Magazine, acknowledged Salary.com's strong presentation during the shootout. "While the competition was intense throughout the shootout, Salary.com impressed attendees with its differentiated job-model approach and strong linkages from pay to performance. We look forward to watching Salary.com continue to build a top talent management brand."
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.
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