Salary.com Improves Merit Modeling Analysis and Market Pricing Capabilities for Compensation Professionals
NEEDHAM, MA--(Marketwire - December 1, 2009) - [ Salary.com ], Inc. (
New capabilities and tools within CompAnalyst enable compensation professionals to:
-- Manage pay more efficiently -- Market price multiple jobs simultaneously -- Analyze compensation practices quickly -- Employ surveys more cost effectively -- Model and compare the impact of merit programs
With CompAnalyst's improved market pricing capabilities, compensation professionals may price whole families or groups of jobs at once instead of pricing individual jobs sequentially. CompAnalyst's robust reporting tools empower compensation professionals to roll up and analyze merit plans as well as compensation survey usage, job matches, salary structures, and market comparisons. These reports provide immediate, invaluable insight into pay practices. CompAnalyst also features survey library improvements enabling filtered searching through default scopes, mapping new scopes and jobs for year-over-year survey data updates, and supporting regression surveys.
"Market pricing is made simple with CompAnalyst, especially for compensation experts who use multiple surveys to price large numbers of jobs. They'll find they save significant time completing their work," said Brent Kleiman, SVP, marketing & strategy at Salary.com. "CompAnalyst is also a critical tool for measuring the ROI of compensation survey data and using the results to target spending only on those surveys that produce the most on-target results for the organization."
A Webinar, titled "Model Your Merit Programs and Manage Pay with Ease," is scheduled for Thursday, December 3, at 12 noon EST / 9 a.m. PST, where attendees will learn how CompAnalyst can help users analyze pay competitiveness, simplify cumbersome survey participation and automate market pricing all in a single, Web-based solution. For more information or to register, go to [ http://events.salary.com ].
About CompAnalyst
CompAnalyst provides an integrated suite of on-demand compensation benchmarking and pay analytics tools. Salary.com's trusted flagship product is comprised of flexible modules that can be used on an integrated or standalone basis:
-- [ Market Data ]: fully scoped HR-reported market data for more than 3,800 benchmark jobs in the United States and more than 700 in Canada
-- [ Survey Management ]: online survey storage and management for third-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 ]: CompAnalyst Executive® provides a complete executive compensation research tool
About Salary.com, Inc.
Salary.com™ is a leading provider of on-demand talent management, payroll, and compensation 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: payroll, benefits, HR administration, [ market pricing ], [ compensation planning ], [ performance management ], competency management, 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. For more information, visit [ www.salary.com ].
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