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Salary.com(TM) Reinforces Global Leadership Position With Expanded Management Team Strategic Engagement and Senior Management Appointments Build on Record Participation Levels in IPAS(R) Survey WALTHAM, MA--(MARKET WIRE)--Aug 21, 2008 -- Salary.com, Inc. (SLRY - News), a leading
provider of on-demand compensation and talent management
solutions, today
announced that they have expanded their management team
and enlisted the
services of RAF Capital LLC to enhance and grow the IPAS
Global Technology
Survey. With record participation for the 2008 survey season,
IPAS is the
leading source of global compensation data for the High
Tech industry,
representing over 400 companies, 75+ countries, and over
two million
employee records. The expanded team underscores Salary.com's
commitment to
provide customers with global market data and thought leadership
in the
human capital management field.
Robin Ferracone, chief executive officer of RAF Capital and former president of Mercer Human Capital consulting, and Steve Brink, executive vice president of RAF Capital and former global leader of Mercer's Information Product Solutions Business, lead RAF Capital. Ms. Ferracone and Mr. Brink will bring their combined 45 years of global compensation expertise and worldwide network to expand the survey by adding new participants, verticals, and capabilities. "I have been impressed with the IPAS survey for years and see exciting opportunities to continue to enhance the survey to meet the evolving needs of survey participants. IPAS has a solid and successful foundation and is the only true globally consistent survey for the High Tech industry," said Mr. Brink. Ms. Ferracone and Mr. Brink will work closely with Lena Bottos, newly appointed vice president, data operations. Ms. Bottos has been a Salary.com team director for five years and manages the compensation team, database development, and compensation customer service. She is a Certified Compensation Professional®*, Global Remuneration Professional®* and a peer editor for WorldatWork. To enhance its survey offerings and global participants, Ms. Bottos will lead the expanded IPAS team, which includes:
-- Patricia Mulkeen, recently promoted to managing director of survey
operations, will continue to oversee data analysis and customer submissions
for the IPAS survey.
-- Mark Szypko, CCP® and director of international compensation, brings
over 25 years experience to his role of providing global human resource
insights and trends for technology companies, including Comcast,
Lightbridge, Inc., Progress Software, and most recently Nuance
Communications.
-- Michelle Rock, director of global development and marketing, is
responsible for marketing and sales support for the IPAS product. Ms. Rock
will organize the customer advisory council and client events.The combined leadership will work together to streamline data collection to further simplify client submissions and manage survey operations to ensure timely and effective service for customers. In anticipation of the release of the new IPAS technology platform this winter, the team will be forming an advisory panel to research the needs of the IPAS client community, including services, content, and new value-added features. The team will drive innovation and thought leadership in the area of global compensation. Tangible benefits clients can expect to receive include expansion of participation, positions covered, locations surveyed, and the development of relevant content to improve customers' knowledge of the regions in which they operate. "Salary.com is continuing to invest heavily in the IPAS Global survey, which has grown by over 30% in the past year. I have confidence in the leadership and expertise that Lena Bottos and Patricia Mulkeen bring to Salary.com clients. As the survey continues to experience rapid growth in participation, we are excited to expand the available pool of compensation analysts, senior professionals and technologists that will be providing service to our customers. We are equally excited to have Robin and Steve work with the team and our customers to add their unique perspective on the challenges and opportunities faced by the largest global employers and to help guide the roadmap for the IPAS offering to best meet those needs now and in the future," said Kent Plunkett, CCP® and chief executive officer of Salary.com. *CCP® and GRP® are registered trademarks owned by WorldatWork Society of Certified Professionals(TM) and are awarded to individuals who successfully complete the certification requirements. 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. About RAF Capital RAF Capital is a portfolio management company with a focus on investing in and providing leadership services for HR consulting, information and software organizations. RAF Capital is led by Robin Ferracone and Steve Brink, both with extensive HR consulting, software and global information experience. Ms. Ferracone is a recipient of the 2003 Distinguished Service Award from WorldatWork. Prior to founding RAF Capital, Ms. Ferracone was President of Mercer Human Capital and SCA Consulting. She holds an M.B.A from Harvard University and a B.A. from Duke University. Prior to joining RAF Capital, Mr. Brink was the Global Leader of Mercer's Information Products Solutions business. He is a contributing Faculty Member to the WorldatWork Certification Program. Brink holds an M.S. in Economics from the University of North Texas and a B.A. in Economics from the University of Texas at Austin. 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. SLRY-F Contact: Source: Salary.com
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