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Waltham,
MA,
May 12, 2008
-- Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation and talent management solutions, today announced that it has been named as a finalist for the 5th Annual MITX Technology Awards. The MITX What's Next Forum & Technology Awards recognize innovative technologies developed in the New England area, as well as the individuals and organizations responsible for driving these advancements. The Massachusetts Innovation & Technology Exchange (MITX) is the country's leading association bringing together digital marketing, media and technology professionals to engage in what's next for the web and how it impacts the marketing and business worlds.
The Sarbanes-Oxley Act, as well as NYSE and NASDAQ rules, has intensified the need to analyze and defend executive compensation and benefits. Salary.com's CompAnalyst Executive gives companies instant access to pay and company performance data for the top five executive officers at all U.S. public companies. By using CompAnalyst Executive, companies can easily build up to 90 peer groups with 250 companies per group; benchmark pay practices; and run reports without having to directly access and extract information from each individual proxy statement. CompAnalyst Executive also delivers e-mail to alert users about new filings for their peer companies so they always have the most up-to-date competitive information. Other valuable features include click-through capabilities to context-related footnotes; executive and board of director reports; and an online scorecard to instantly evaluate and locate specific information in a company's compensation discussion and analysis (CD&A).
Bill Coleman, Salary.com's chief compensation officer, said, "We're honored to be recognized as a finalist in the MITX Awards. Our CompAnalyst Executive product adds significant value to our customers by dramatically reducing the time it takes to locate and analyze executive compensation information, giving users the ability to locate data, build and manage peer groups and run reports in a single solution." He continued, "Executive pay and benefits packages are really under the microscope and organizations and their boards are required to benchmark and defend their pay programs against peer companies' practices. With Salary.com's CompAnalyst Executive solution, boards of directors, CEOs, CFOs, human resources, and executive compensation professionals can aggregate and analyze critical executive compensation information in minutes rather than days."
"In its fifth year, the MITX Technology Awards have attracted some of the most distinguished technological innovations that the region has to offer," said Kiki Mills, executive director of MITX. "It is this tremendous interest that enables our organization to accomplish its mission of uniting the brightest minds in the digital marketing, media and technology community and honoring their outstanding achievements."
Salary.com will be recognized with the other finalists in the category of Analytics and Business Intelligence at an awards ceremony attended by the region's top technology and business professionals. Winners will be announced at the ceremony at the Royal Sonesta Hotel on Tuesday, June 3, 2008. This year's keynote speaker and special honoree is Dr. Amar Bose, Chairman & Founder of Bose Corporation.
The ceremony is preceded by the What's Next Forum. The topic, Is Advertising the Model of the Future?, will be a forward-looking discussion on whether online advertising is the winning model of the future for more than just content.
The MITX What's Next Forum & Technology Awards are sponsored by Backbone Media, DLA Piper, Invest Northern Ireland, LEWIS PR, Oracle and Technology Review.
About MITX
Established in 1996, MITX—the Massachusetts Innovation & Technology Exchange–is the leading industry organization focused on the web, bringing together the digital technology, marketing and media community to engage in what is next for the web and how it will impact the marketing and business worlds. Reaching more than 6,000 professionals in New England, MITX is a dynamic and growing community of thought leaders, collaborators, and individuals in search of insight, education and opportunity. With more than 60 events annually, MITX provides its members with the opportunity to promote their companies to targeted audiences and provides a valuable forum for networking to source potential business leads, partnerships, ideas, funding and other likeminded peers in the industry. MITX is headquartered in Cambridge, Mass. For more information please go to www.mitx.org.
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.
Contact:
Karen Peabody
p: (781)464-7544
press@salary.com
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