SLRY Salary.Com (MM)

Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand compensation and talent management solutions, today announced a new alliance to help customers reduce traditional compensation costs and redeploy existing resources to more strategic compensation and talent management initiatives. The alliance leverages Salary.com�s market leadership in on-demand compensation management software and Convergys�s leadership in outsourced compensation advisory, analytical, and administrative services. �The vast majority of customers still rely on manual compensation systems that are error-prone, time consuming and not integrated with other talent management programs. With this partnership, we can provide our customers easy and affordable ways to automate compensation best practices with our CompAnalyst� suite, which is delivered in a software-as-a-service model with limited IT investment. This frees up organizations to redeploy existing resources on strategic initiatives such as pay-for-performance programs. We�re pleased to offer our clients the expanded compensation analytical and advisory expertise Convergys brings to design, analyze, and implement compensation programs,� said John McCammond, vice president of business development at Salary.com. Convergys will utilize Salary.com�s on-demand compensation data and software to help clients automate, streamline, and reduce costs of traditional compensation processes such as market pricing, survey management, and U.S. executive pay research. Salary.com will expand their compensation management offering by drawing on Convergys�s outsourced compensation advisory and analytical capabilities to help customers analyze, design and deploy strategic compensation initiatives. �Many clients are asking for outsourced solutions that supplement their core HR expertise and Convergys is aggressively moving to fill that market need. We�re committed to offering our clients cost-effective, best-in-breed technologies along with providing value-added compensation analytical and advisory services to optimize our client�s business profitability and HR effectiveness. We�re already leveraging the CompAnalyst Survey Management software with a leading global manufacturer and look forward to additional collaborations to help our clients increase the return on their investment in human capital,� said Alan Hughes, global practice leader of Convergys HR Management � Compensation. 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.