Salary.com's CompAnalyst Executive(R) Product Named As Finalist For The 2008 MITX Technology Awards
May 12 2008 - 2:19PM
Business Wire
Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand
compensation and talent management solutions, today announced that
it has been named as a finalist for the 5th Annual MITX Technology
Awards. The MITX What�s Next Forum & Technology Awards
recognize innovative technologies developed in the New England
area, as well as the individuals and organizations responsible for
driving these advancements. The Massachusetts Innovation &
Technology Exchange (MITX) is the country�s leading association
bringing together digital marketing, media and technology
professionals to engage in what�s next for the web and how it
impacts the marketing and business worlds. The Sarbanes-Oxley Act,
as well as NYSE and NASDAQ rules, has intensified the need to
analyze and defend executive compensation and benefits.
Salary.com�s CompAnalyst Executive gives companies instant access
to pay and company performance data for the top five executive
officers at all U.S. public companies. By using CompAnalyst
Executive, companies can easily build up to 90 peer groups with 250
companies per group; benchmark pay practices; and run reports
without having to directly access and extract information from each
individual proxy statement. CompAnalyst Executive also delivers
e-mail to alert users about new filings for their peer companies so
they always have the most up-to-date competitive information. Other
valuable features include click-through capabilities to
context-related footnotes; executive and board of director reports;
and an online scorecard to instantly evaluate and locate specific
information in a company�s compensation discussion and analysis
(CD&A). Bill Coleman, Salary.com�s chief compensation officer,
said, �We�re honored to be recognized as a finalist in the MITX
Awards. Our CompAnalyst Executive product adds significant value to
our customers by dramatically reducing the time it takes to locate
and analyze executive compensation information, giving users the
ability to locate data, build and manage peer groups and run
reports in a single solution.� He continued, �Executive pay and
benefits packages are really under the microscope and organizations
and their boards are required to benchmark and defend their pay
programs against peer companies� practices. With Salary.com�s
CompAnalyst Executive solution, boards of directors, CEOs, CFOs,
human resources, and executive compensation professionals can
aggregate and analyze critical executive compensation information
in minutes rather than days.� �In its fifth year, the MITX
Technology Awards have attracted some of the most distinguished
technological innovations that the region has to offer,� said Kiki
Mills, executive director of MITX. �It is this tremendous interest
that enables our organization to accomplish its mission of uniting
the brightest minds in the digital marketing, media and technology
community and honoring their outstanding achievements.� Salary.com
will be recognized with the other finalists in the category of
Analytics and Business Intelligence at an awards ceremony attended
by the region�s top technology and business professionals. Winners
will be announced at the ceremony at the Royal Sonesta Hotel on
Tuesday, June 3, 2008. This year�s keynote speaker and special
honoree is Dr. Amar Bose, Chairman & Founder of Bose
Corporation. The ceremony is preceded by the What�s Next Forum. The
topic, Is Advertising the Model of the Future?, will be a
forward-looking discussion on whether online advertising is the
winning model of the future for more than just content. The MITX
What�s Next Forum & Technology Awards are sponsored by Backbone
Media, DLA Piper, Invest Northern Ireland, LEWIS PR, Oracle and
Technology Review. About MITX Established in 1996, MITX�the
Massachusetts Innovation & Technology Exchange�is the leading
industry organization focused on the web, bringing together the
digital technology, marketing and media community to engage in what
is next for the web and how it will impact the marketing and
business worlds. Reaching more than 6,000 professionals in New
England, MITX is a dynamic and growing community of thought
leaders, collaborators, and individuals in search of insight,
education and opportunity. With more than 60 events annually, MITX
provides its members with the opportunity to promote their
companies to targeted audiences and provides a valuable forum for
networking to source potential business leads, partnerships, ideas,
funding and other likeminded peers in the industry. MITX is
headquartered in Cambridge, Mass. For more information please go to
www.mitx.org. 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. (SLRY-F)
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