Salary.com Merges with Compdata Surveys & Consulting
July 30, 2018 (PRLEAP.COM) Business NewsCombined Companies Increase Customer Value with Compensation Data, Job Descriptions, and Award-Winning Analytics for 25,000 Job Titles Worldwide
Waltham, MA (July 30, 2018) – Salary.com, the leading SaaS provider of cloud-based compensation data and analytics, today announced its merger with Compdata Surveys & Consulting, a national compensation survey data and consulting firm. With 25,000 job titles and descriptions worldwide powered by an advanced analytics platform, the combined entity dramatically expands the capacity of compensation professionals to identify, match, and price jobs across all regions and industries for compensation planning, candidate recruiting, employee engagement, and workforce retention. With this transaction, Salary.com joins an elite class in the compensation data market, as one of the U.S.' top three largest compensation data providers.
The merger announced today leverages the best of both companies to deliver a new paradigm for compensation data accessibility, accuracy, relevance, and impact. Salary.com's analytics platform and job architecture expand the applicability and value of Compdata's survey data to propel all compensation practices. With more than 50 years of collective experience across both businesses – and data from more than 25,000 organizations – the companies combine their respective and complementary leadership positions in the Enterprise markets, international and domestic data, and consulting and services offerings to bring even better data and resources to the shared and unique customer bases. Together, Salary.com and Compdata deliver the broadest and most complete set of vertical market jobs and pricing available today, across 100 countries and 14 industries.
"As a lifelong entrepreneur, I have loved watching Compdata emerge, survey by survey, industry by industry, and market by market over the last 20 years into the formidable survey and consulting business it is today. Salary.com and Compdata share a passionate founder's story that remains ingrained in the customer-centricity of both businesses. A unified philosophical approach to business is always the best place to start, and, with these two businesses, it is definitely all about the customer," said Kent Plunkett, President and CEO of Salary.com. "This merger extends the value we can deliver with new and complementary data sets, which expand Salary.com's survey markets into the specific vertical segments that enhance our traditional focus. Today, we deliver an unparalleled offering of worldwide data and analytics to our customers, large and small."
Compdata Surveys & Consulting has compiled one of the most comprehensive databases in the U.S. market and is a national data leader in many critical, fast-growth verticals, including healthcare, manufacturing, logistics, and higher education compensation, with the most local data breakouts of any leading survey provider. This expansive database and customized consulting services have enabled clients to successfully overcome the challenge to recruit, retain, and engage employees. For over 20 years, Compdata's team of compensation and benefits experts have partnered with employers to design effective total reward programs, develop compensation philosophies and strategies, conduct competitive market reviews, analyze executive compensation, develop cost-effective benefit programs, and much more.
Salary.com has built its reputation on its strong data model informed by surveys, compensation experts, and machine learning over twenty years to provide their customers with the data and analytics they need to win the modern war for talent. Its IPAS Global Salary Survey provides a unique, single source of global data that allows for worldwide job pricing and the ability to compare jobs in various countries using the same methodology, participants, currency, and system. In 2017, Salary.com received the Human Capital Management Innovation Award from Ventana Research for its newest CompAnalyst compensation data and analytics platform. In 2018, Salary.com expanded its product suite with expanded executive pay pricing and reporting, CEO Pay Ratio Analysis, new employer-reported data in 225 industries, as well as long- and short-term incentive intelligence.
Commenting on the merger, Robert Sinn, Principal of Compdata said, "It has always been my vision to build the largest survey businesses in the world, and I set out to do just that from the ground up. We began with strong data from two states and, working with the Chamber of Commerce offices in 1994, we grew that to nearly all the states by 2009. We have collected data tirelessly and meticulously through longstanding relationships and a commitment to integrity, quality, and services. This has been hard and rewarding work for an excellent team. As I contemplated the next step in our own growth, it was critically important to me to partner with a leading technology player, who could extract and deliver even greater value from all of our data. It was also important to me to find a like culture focused on employee engagement and growth, and on customer partnership and success. I could not be happier as we take a big step forward for us and for our customers with Salary.com."
Salary.com is the leading SaaS provider of cloud-based compensation market data and analytics. Founded in 1999, the Company serves approximately 4,000 business-to-business customers worldwide with its market-leading CompAnalyst platform, designed to accelerate compensation workflows and improve efficiency. Through its Salary Wizard and consumer website, Salary.com delivers continually updated, reliable market pay data and career content to hundreds of thousands of consumers each year. The Company is committed to helping organizations drive company success by aligning compensation practices with recruiting, performance and development initiatives through easy-to-access data and meaningful insights. For more information, please visit the company website at www.salary.com.