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Waltham,
MA,
February 11, 2009
-- Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation, talent management and payroll solutions, is providing its flagship compensation solutions to retailers to forecast and price temporary help during unpredictable retail times. With economic concerns on the rise, retailers such as Burlington Coat Factory Warehouse Corporation and Hy-Vee, Inc. are using Salary.com solutions to strategically price key positions and help manage expenses.
2009 forecasts are challenging given the economic climate; consequently, retailers are seeking out strategies that will help them manage costs while sales remain uncertain. Burlington Coat Factory and Hy-Vee, among other retailers, have taken a proactive approach to managing one of their largest expenses -- their employees. Both retailers recognize the importance of investing in their employees who will help manage merchandising, marketing, and selling efforts for increased sales, brand management, and customer retention. These retailers have selected CompAnalyst® to help market price compensation for key positions in the front office, ecommerce, and brick-and-mortar locations for better managing costs and profitability.
"These uncertain times require proactive analysis of compensation plans to handle the ups and downs of retail demand. We help retailers forecast the cost of compensating their seasonal help and ensure they are offering competitive wages to attract key positions and manage the overall health of their businesses," said Carol Ferrari, product marketing director of compensation at Salary.com.
About CompAnalyst
CompAnalyst provides an integrated suite of on-demand compensation benchmarking and pay analytics tools to help businesses design competitive and equitable pay programs. Salary.com's flagship product is trusted by thousands of brand name customers and is comprised of flexible modules that can be used on an integrated or stand-alone basis:
- Market Data: fully scoped HR-reported market data for over 3,700 benchmark jobs in the U.S. and more than 700 in Canada
- Survey Management: online survey storage and management for 3rd party data
- Pay Analytics: reporting tools to assess internal equity and external competitiveness
- Salary Structures: modeling tools to build and analyze salary structures
- Merit Modeling: tools for assessing the impact of different merit scenarios
- Executive Benchmarking: a complete executive compensation research tool.
About Salary.com, Inc.
Salary.com is a leading provider of on-demand HRMS/payroll, 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.
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