The Conference Board Taps Salary.com(TM) to Provide Executive Compensation Data for Key Findings Report
June 27 2008 - 10:44AM
Business Wire
Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand
compensation and talent management solutions, today announced that
it recently partnered with The Conference Board to provide
executive compensation data for The 2007 Top Executive Compensation
Report. The report reveals that CEOs of the largest companies have
a substantial amount of their compensation tied to company
performance. Salary.com provided performance and pay data for over
2,600 companies and their executives as of June 2007, compiled from
proxy and financial statements. The data was categorized into 22
industries in both manufacturing and services. CompAnalyst
Executive� from Salary.com is an on-demand executive compensation
benchmarking tool that provides executive pay and company
performance data for the top five executive officers at all U.S.
public companies � the most robust data set commercially available
today. Salary.com�s team of Certified Compensation Professionals� *
research and extract data from proxy filings and process the data
using rigorous quality assurance measures to provide corporate
compensation and HR professionals with the most accurate and
up-to-date executive compensation database possible. CompAnalyst
Executive provides over fifty different search criteria, enabling
users to quickly locate the data relevant to their research. This
definitive source of data is combined with easy to use peer group
management and reporting tools to make executive and director
compensation research fast and efficient. �Salary.com provides not
only the largest database of executive and director compensation
and company performance data available today, but applies the most
aggressive standards for quality assurance and accuracy,� said Bill
Coleman, chief compensation officer, Salary.com. �Our data
analysts, both domestically and abroad, work around the clock to
ensure that our customers have access to the quality of data they
need to conduct executive pay research. We are honored to work with
an organization as reputable and committed to data quality as The
Conference Board on this valuable and timely report.� According to
The Conference Board study, the utilities industry and the food and
tobacco industry top the list of median CEO compensation. The
highest median CEO total compensation was $3.9 million for the
utilities industry and $3.8 million for the food and tobacco
industry. Because of the broad-brush classification that includes
many smaller �commercial banks� along with the larger banks and
�nonbanking financial services� companies, the ranking of financial
services is at the bottom of the median CEO compensation list with
$734,000. While on average larger companies pay higher salaries,
the fraction of total compensation that is delivered by base salary
is lower as companies get larger. The smallest 10 percent of
companies deliver 57 percent of their total compensation in salary,
whereas the largest 10 percent of companies deliver only 12.5
percent as salary. In 2007, The Securities and Exchange Commission
(SEC) released new rules relating to the disclosure of executive
and director compensation. These rules dictate the way that public
companies must disclose the details of executive pay packages to
provide shareholders with greater clarity and consistency. In
addition to the new Compensation Discussion and Analysis
(CD&A), the SEC requires broader executive compensation
disclosures across three categories: current compensation,
equity-related holdings that can be the source of future gains, and
retirement plans and other post-employment compensation. The
Conference Board report illuminates the composition of total
compensation as comprised by seven elements: salary, bonus,
non-equity incentive, stock, the value of options granted, the
change in the value of the pension, and other compensation (for
example, the private use of aircraft.) More information about this
report is available at:
http://www.conference-board.org/publications/describe.cfm?id=1456
*Certified Compensation Professional is a registered trademark of
WorldatWork. 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. About The Conference Board The Conference Board is
the world's preeminent business membership and research
organization. Best known for the Consumer Confidence Index and the
Leading Economic Indicators, The Conference Board has, for over 90
years, equipped the world's leading corporations with practical
knowledge through issues-oriented research and senior executive
peer-to-peer meetings. In an uncertain world of intense
competition, increasing public accountability, and global risks,
The Conference Board provides its members � top executives and
industry leaders from the most respected corporations in the United
States and around the world � with vital business intelligence and
forward-looking best practices. At the same time, The Conference
Board promotes confidence in the free enterprise system by shaping
the values critical to ethical business performance. The Conference
Board is a not-for-profit organization and holds 501 (c) (3)
tax-exempt status in the United States. For more information, visit
www.conference-board.org.
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