Retailers Turn to Salary.com(TM) to Market Price Key Positions During Uncertain Economic Times
February 11 2009 - 10:34AM
Marketwired
Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand
compensation, talent management and payroll solutions, is providing
its flagship compensation solutions to retailers to forecast and
price temporary help during unpredictable retail times. With
economic concerns on the rise, retailers such as Burlington Coat
Factory Warehouse Corporation and Hy-Vee, Inc. are using Salary.com
solutions to strategically price key positions and help manage
expenses.
2009 forecasts are challenging given the economic climate;
consequently, retailers are seeking out strategies that will help
them manage costs while sales remain uncertain. Burlington Coat
Factory and Hy-Vee, among other retailers, have taken a proactive
approach to managing one of their largest expenses -- their
employees. Both retailers recognize the importance of investing in
their employees who will help manage merchandising, marketing, and
selling efforts for increased sales, brand management, and customer
retention. These retailers have selected CompAnalyst� to help
market price compensation for key positions in the front office,
ecommerce, and brick-and-mortar locations for better managing costs
and profitability.
"These uncertain times require proactive analysis of
compensation plans to handle the ups and downs of retail demand. We
help retailers forecast the cost of compensating their seasonal
help and ensure they are offering competitive wages to attract key
positions and manage the overall health of their businesses," said
Carol Ferrari, product marketing director of compensation at
Salary.com.
About CompAnalyst
CompAnalyst provides an integrated suite of on-demand
compensation benchmarking and pay analytics tools to help
businesses design competitive and equitable pay programs.
Salary.com's flagship product is trusted by thousands of brand name
customers and is comprised of flexible modules that can be used on
an integrated or stand-alone basis:
-- Market Data: fully scoped HR-reported market data for over 3,700
benchmark jobs in the U.S. and more than 700 in Canada
-- Survey Management: online survey storage and management for 3rd party
data
-- Pay Analytics: reporting tools to assess internal equity and external
competitiveness
-- Salary Structures: modeling tools to build and analyze salary
structures
-- Merit Modeling: tools for assessing the impact of different merit
scenarios
-- Executive Benchmarking: a complete executive compensation research
tool.
About Salary.com, Inc.
Salary.com (NASDAQ: SLRY) is a leading provider of on-demand
compensation, talent management and payroll 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, learning and
development, payroll 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.
Media and Analyst Contacts: Rob Halpin Version 2.0
Communications 1.617.426.2222 Email Contact
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