Salary.com(TM) Launches Industry's First Online Hybrid Job Valuation Tool
April 16 2008 - 2:23PM
Marketwired
WALTHAM, MA , 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.
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