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Needham, MA,October 6th, 2004--Salary.com, a leading provider of compensation solutions, announced
today that its compensation planning application, CompPlanner,
has received the Human Resource Executive's "Top HR Products" Award.
Each year Human Resource Executive identifies the
ten best human resources products that have been introduced to the
market during the year. Winners are selected based on the level of
innovation offered by the product, the value it brings to the HR
function, its intuitiveness and ease-of-use, and its ability to deliver
on its promises. Human
Resource Executive Magazine commented: "Pulling from its compensation
expertise, Salary.com has built a solution that's flexible and rich in
functionality. The software is unique in that it addresses the entire
comp-management lifecycle-from modeling and design to administration
and evaluation-and is able to accommodate multiple pay programs,
including both short-term and long-term incentive plans." The magazine
continues to say, "Not to be overlooked as well is Salary.com's unique
'software-as-a-service' pricing model, which is intended to keep IT
investment costs to a minimum."
We are very pleased to have been recognized by
Human Resource Executive for this prestigious award," said Kent
Plunkett, founder and CEO of Salary.com. "It is a validation of our
commitment to customer success by developing innovative, decision-ready
solutions that help companies improve their compensation effectiveness,
efficiency and productivity."
CompPlanner is an on-line, on-demand application
that is configurable to meet the needs of organizations both large and
small. It manages all aspects of the employee compensation lifecycle
including budgeting, plan design, plan administration, and evaluation.
With CompPlanner, managers can efficiently process employee performance
appraisals, merit increases, equity adjustments, promotions, multiple
bonus or incentive programs, as well as stock options through an
intuitive and easy-to-use Web interface.
Customers have adopted CompPlanner as a key
component of their compensation management and pay-for-performance
strategy. "With CompPlanner, we have eliminated the need for
spreadsheet salary planning and as a result have saved a lot of time,"
said Holly Thomas, Vice President Compensation & HRIS at
Digitas, a leading marketing services firm. " We are now able to engage
managers in collaborative discussions, more effectively manage our
budgets and have both more control as well as flexibility throughout
the compensation planning process." Digitas was able to take advantage
of CompPlanner's rapid deployment to receive immediate timesavings and
ROI. "We now have a means by which to correlate pay and performance,
and can even integrate with other HR programs. Our entire compensation
planning experience is painless and so much more effective overall."
CompPlanner is part of a complete enterprise
product suite offered by Salary.com, including solutions to help market
price jobs, manage surveys, and compare company jobs to market.
Salary.com is the only software vendor that provides a complete
solution for managing the compensation planning life cycle that is both
powerful and easy to use -- delivered through an affordable Web-based
service that provides rapid implementation. Salary.com's professional
services organization provides a "full service" approach to
implementing these solutions that helps customers realize immediate
benefits with the highest level of customer satisfaction.
About Salary.com, Inc.
Salary.com is a
leading provider of
on-demand compensation management solutions helping businesses and
individuals manage pay and performance. Salary.com provides companies
of all sizes comprehensive on-demand software applications that are
tightly integrated with its own proprietary compensation data sets,
thereby automating the essential elements of the compensation
management process and significantly improving the effectiveness of its
client’s compensation spend. For more information, visit www.salary.com.
Contact:
Jared Jost
p: (781)464-7341
press@salary.com
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