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Salary.com: Manufacturers Retain Talent and Reduce Turnover Costs With Salary.com(TM) Solutions

^{Published on 2009-02-24 07:32:47, Last Modified on 2009-02-24 07:33:36 - Market Wire}
 

WALTHAM, MA--(Marketwire - February 24, 2009) - [ Salary.com ], Inc. (NASDAQ: [ SLRY ]), a leading provider of on-demand compensation, talent management and payroll solutions, is supplying several global manufacturers with on-demand [ market pricing ] software to gain insight into competitive salary data, including [ executive compensation ], and tools for [ reporting and pay analytics ]. Manufacturing leaders, including Tower Automotive Inc. (Livonia, MI); Methode Electronics (Chicago, IL); Snap-On Incorporated (Kenosha, WI); and Menasha Corporation (Neenah, WI), have selected Salary.com to link employee [ pay to performance ] to retain workers with the [ key skills ] to manage and adapt to changing market conditions.

In manufacturing, retaining top employees who drive the success of the company is fundamental to maintaining business continuity. Protecting the intellectual capital and institutional memory that resides with these employees helps manufacturers maintain their advantage. Further, [ job satisfaction ] is tied closely to compensation. In manufacturing, attracting and retaining talent provides cost savings in the long run where turnover and recruiting costs the company, both in terms of finances and productivity.

"We understand controlling costs and maximizing efficiency and productivity are paramount in manufacturing," said Carol Ferrari, product marketing director of compensation at Salary.com. "Our manufacturing customers rely on Salary.com to address these critical areas by providing a single source of timely and accurate compensation data and on-demand reporting capabilities to make critical [ talent management ] decisions in real-time. We take pride in providing these required solutions for the success of their businesses."

About CompAnalyst

[ CompAnalyst ] provides on-demand compensation management tools for market pricing and pay analytics to help businesses design competitive pay programs. Trusted by thousands of enterprise customers, CompAnalyst is comprised of flexible modules that can be used on an integrated or stand alone basis. [ http://www.salary.com/Compensation/software.asp ].

About Salary.com, Inc.

Salary.com is a leading provider of on-demand compensation, talent management and payroll solutions helping businesses and individuals manage pay and performance. Salary.com's configurable software applications, proprietary data and consulting services help companies automate, streamline and optimize critical talent management processes including: HRMS, payroll, compensation, performance, competencies, learning and development 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. [ http://employer.salary.com ].

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