Salary.com(TM) Launches Industry's First Online Hybrid Job Valuation Tool
Compensation Benchmarking Solution Lets Employers Blend Multiple Job Roles to Get Realistic Pay Levels for Hybrid Positions
| Source: Salary.com
WALTHAM, MA--(Marketwire - April 16, 2008) - Salary.com, Inc. (NASDAQ : SLRY ), a
leading provider of on-demand compensation and talent management solutions,
today announced the release of the Hybrid Job Valuation Report,
which enables HR professionals and employers to accurately value blended or
hybrid jobs within their organizations to ensure competitive pay packages
for non-traditional positions. This product release is an enhancement to
the popular Job Valuation Report and leverages functionality available in
Salary.com's subscription product CompAnalyst®.
Throughout the workforce, many employees hold positions that are actually a
combination of two or more job descriptions. For example, in a small
company, an office manager may also function as a human resource
generalist, as well as an accounts payable specialist. To effectively
compete for talent, employers must determine the market rate and weigh the
value of each position within the hybrid role based on the percentage of
total job responsibility it reflects. Accurately benchmarking each portion
of a hybrid job enables an employer to determine a fair salary that
reflects the true value of the hybrid job function, thereby offering
competitive pay for blended positions.
Salary.com's new Hybrid Job Valuation Report leverages 100% employer
reported compensation market data that has been analyzed by a team of Certified Compensation Professionals (CCP®).* Each
job has been thoroughly researched and validated using the highest
standards for data collection, analysis, and validation that are accepted
throughout the compensation profession.
Additionally, Salary.com places a value on other compensable factors --
those traits that are likely to have an impact on how an employer values a
specific person as a match for a specific job. Using these traits (e.g.,
experience, direct reports, education, certifications, etc.), Salary.com's
valuation increases or decreases the job's market pay range to reflect the
pay level necessary to attract and retain an employee with those traits.
"In today's workplace, employees are increasingly being asked to wear
multiple hats within a single position," said
Joseph Kilmartin, managing director of Salary.com Compensation
Consulting. "By adding the hybrid market pricing functionality to our
popular Job Valuation Report, employers can quickly blend and apply
weightings to standard benchmark jobs. This enables the employer to create
an accurate market price for a hybrid position in order to ensure they are
paying competitively."
Salary.com's Hybrid Job Valuation Report can be customized to each
employer's individual needs based on industry, company size and location.
Job Valuation Reports draw from over 3,600 unique benchmark jobs and
include data for base pay, total cash compensation, short and long-term
incentives and non-cash compensation.
*CCP is a registered trademark of WorldatWork
About the Job Valuation Report
The Salary.com Job Valuation Report helps employers to determine the fair
market pay for an individual or position within their organizations. The
final report provides a complete pay picture, including base pay, total
cash compensation, short and long-term incentives and non-cash
compensation. The data used to compile the report is 100% employer
reported and is scoped to an employer's specified industry, company size
and location. (http://jvr.salary.com/).
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 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.
Safe Harbor Statement
This release contains "forward-looking" statements that are made pursuant
to the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These are statements that are predictive in nature, that
depend upon or refer to future events or conditions, or that include words
such as "may," "will," "expects," "projects," "anticipates," "estimates,"
"believes," "intends," "plans," "should," "seeks," and similar expressions.
This press release contains forward-looking statements relating to, among
other things, Salary.com's expectations and assumptions concerning future
performance. Forward-looking statements involve known and unknown risks and
uncertainties that may cause actual future results to differ materially
from those projected or contemplated in the forward-looking statements.
The risks and uncertainties referred to above include, but are not limited
to, our ability to continue to release and gain customer acceptance of new
and improved versions of our service, successful customer deployment and
utilization of our services, our ability to expand our customer base and
product and service offerings, interruptions or delays in our service or
our Web hosting, our business model, breach of our security measures, the
emerging market in which we operate, our ability to hire, retain and
motivate our employees and manage our growth, and competition, as well as
those risks and uncertainties described in Salary.com's filings with the
Securities and Exchange Commission. Salary.com expressly disclaims any
obligation to update any forward-looking statements.