Salary.com Announces the Release of New Reporting Features in Its Executive Compensation Benchmarking Software in Response to New SEC Disclosure Rules
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Press release date: May 8, 2007
New reports within CompAnalyst Executive(TM) help customers conduct due diligence of executive and director pay practices more efficiently
WALTHAM, Mass., May 8 -- Salary.com, Inc. (NASDAQ:SLRY), a leading provider of on-demand compensation management solutions, today announced the release of new reporting features within its CompAnalyst Executive(TM) software to reflect the Securities and Exchange Commission's (SEC) new proxy disclosure rules. These new Executive Compensation Reports provide enhanced analysis of the information provided in the new SEC disclosure format, enabling customers to easily find and benchmark their pay practices against all relevant peer companies.
CompAnalyst Executive is a comprehensive executive compensation database, covering every US publicly traded company. The on-demand software combines robust executive pay and company performance data for over 10,000 public companies and more than 50,000 named executives, with easy-to-use data management and benchmarking tools. It gives users the ability to easily conduct due diligence, benchmark executive pay against relevant peer groups, and tie pay to company performance. The software also enables users to quickly generate reports and presentation-ready charts and graphs.
The new reports not only give users instant access to critical proxy information that is disclosed in a tabular format, but they also report on information that is buried within company footnotes and other hard to find areas within SEC filings.
"With the release of these new reports, Salary.com has raised the bar for what executive compensation data providers must offer to stay competitive," said Gigi Gao, Senior Compensation Consultant for Salary.com. "Our goal was to provide easy access to all the relevant data necessary for conducting thorough executive compensation reviews and to provide our customers with additional value-added analysis, like our Tally Sheet and Post Employment reports that draw from hard to find information."
This new release of CompAnalyst Executive will help companies conduct the necessary research to develop competitive executive pay programs.
The CompAnalyst Executive module is part of the CompAnalyst® software suite, a robust set of tools that facilitate streamlined market pricing and compensation analytics, and include fully-scoped compensation market data for over 3,400 jobs. CompAnalyst enables compensation and human resources professionals to efficiently manage pay for all employees, from entry level through the executive suite. The suite is complemented by Salary.com's pay- for-performance software, TalentManager(TM) which provides a comprehensive set of on-demand performance management and compensation planning tools to simplify the connection between employee pay and performance.
About CompAnalyst Executive
CompAnalyst Executive(TM) combines one of the largest databases of U.S. public company executives with on-demand software to create a leading source of executive and director compensation information. The software enables users to gather, format, and analyze executive compensation and performance metrics accurately and effortlessly with centralized datasets, advanced search capabilities, peer analytics and flexible reporting.
Salary.com is a leading provider of on-demand compensation management solutions helping businesses and individuals manage pay and performance. Salary.com provides companies of all sizes comprehensive on-demand software applications that are tightly integrated with its own proprietary compensation data sets, thereby automating the essential elements of the compensation management process and significantly improving the effectiveness of its client's compensation spend. For more information, visit http://www.salary.com/.
Source: Salary.com, Inc.
Elle Hoxie of Salary.com, Inc.,
Web site: http://www.salary.com/