Salary.com(TM) Builds Leadership Position in Executive Compensation With the Announcement of New Subscribers for CompAnalyst Executive(R) Solution
Acquisition of Key Accounts Demonstrates Growing Need for Better Executive Pay Information and Highlights Salary.com Solution as Best-in-Breed
WALTHAM, MA--(Marketwire - August 11, 2008) - Salary.com, Inc. (NASDAQ: SLRY), a leading
provider of on-demand compensation and talent management solutions, today
announced a number of important new subscribers to its executive
compensation benchmarking software, CompAnalyst Executive. Unmatched in
the scope of the information it provides, this comprehensive, on-demand
resource offers instant access to compensation data for the top five
executive officers at virtually all publicly-held companies in the United
States, coupled with robust analytic tools to help employers benchmark
executive pay practices. A growing list of high-profile companies look to
CompAnalyst Executive for visibility into peer pay practices and
justification regarding the design of their executive compensation
programs.
Underscoring the momentum of the CompAnalyst Executive product is the
recent acquisition of a number of high-profile corporate subscribers such
as: Guess?, Inc., Sonoco Products Company, Union Pacific Corp., and Gap,
Inc. Of particular note is the announcement that Frederic W. Cook & Co.,
Inc, one of the leading firms in the executive compensation field, has
joined the list of prestigious consulting firms using Salary.com's
CompAnalyst Executive resource.
Executive compensation is undergoing increased scrutiny by shareholders,
the Securities and Exchange Commission (SEC) and the general public. Recent
government inquiry into executive compensation consulting practices, the
new SEC disclosure rules and Congressman Barney Frank's (D-MA) Say-on-Pay
Senate proposal have all combined to create a climate where shareholder
transparency and clear justification of executive compensation practices
are major concerns facing compensation committees.
"The fact that these large, well-known enterprises -- and especially a
recognized executive compensation consulting firm like Frederic W. Cook --
depend on our data and software is a testament to the value Salary.com
delivers this market. We continue to invest heavily in executive data
collection methodologies, tools and processes that deliver the highest
quality data for our clients along with an intuitive user experience that
makes accessing and reporting on the information easy," stated Dana
Freeman, Vice President of Product Management at Salary.com.
About CompAnalyst Executive®
CompAnalyst Executive is part of the CompAnalyst® suite of products that
simplifies the market pricing and compensation benchmarking processes used
at thousands of companies. Corporations, consultants and a variety of
business-oriented media publications use CompAnalyst Executive to access
the most complete set of information about executive and director
compensation available in the market.
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. 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.
SLRY-F