Salary.com Unveils Long- and Short-Term Incentive Compensation Intelligence
May 21, 2018 (PRLEAP.COM) Technology NewsFirst to Deliver Valuable New Data, Functionality and Actionable Insights, Transforming the Way Businesses Assess and Manage LTI and STI Compensation to Drive Growth
Dallas, TX (May 21, 2018) – Salary.com, the leading SaaS provider of cloud-based compensation data and analytics, today announced, from The WorldatWork Total Rewards Conference in Dallas, its first-to-market ability to provide CompAnalyst users with new insights into long-term incentives (LTIs) and short-term incentives (STIs). This new feature will help compensation professionals build highly targeted competitive compensation packages that, in turn, attract, engage, and retain employees. With embedded analytics, business leaders are also able to design incentive programs that align groups and individuals within the organization to business goals and drive growth.
In today's competitive talent environment, compensation professionals are increasingly challenged to drive profitability, attract and retain top talent, and find new ways to incentivize behaviors that drive long-term business success. CompAnalyst's new long- and short-term incentive insights, garnered from both company and industry and geography peer group data, enable users to make smart compensation decisions that best leverage powerful incentive pay options to not only attract and retain the right talent, but also promote and reward positive business outcomes.
"In today's market, getting base pay right is no longer enough. Our customers need accurate data across many types of compensation, including both long- and short-term incentives. With the launch of our new LTI and STI insights, we are fulfilling our promise of critical visibility across all pay elements to customers," said Kent Plunkett, CEO and President of Salary.com. "For more than two decades, Salary.com has been the most widely recognized and trusted source for employer-reported compensation data to facilitate decision-making around employee compensation. No other compensation technology in the market has this visibility into LTIs and STIs, and we hope this new feature will help make CompAnalyst users' lives easier by cutting down on time spent sifting through disparate survey data points, giving them more time to drive and grow their businesses."
Long- and Short-Term Incentive Compensation Data in CompAnalyst
The new long- and short-term incentive data in Salary.com's award-winning CompAnalyst platform provides organizations with critical insights into different jobs' eligibility for incentive pay, target payout percentages, and even actual dollar amounts associated with LTI and STI payouts in peer organizations. With this new level of data specificity, organizations now have unprecedented access to incentive pay data for more than 15,000 job titles across and 225 industries.
With this new release, CompAnalyst customers will now have visibility into:
- Long-Term Incentive Eligibility – CompAnalyst's new long-term incentive eligibility metric provides new insights into what percentage of your peers offer long-term incentives to each job title in our database. Visibility into this metric can help compensation professionals focused on recruiting and retaining top talent build highly competitive compensation packages that appropriately incentivize and reward employees who focus on long-term business success during their tenure with the organization.
- Scoped Long-Term Incentive Payouts – CompAnalyst's unique ability to provide scoped long-term incentive payout information that is specific to customers' pay markets, industries, and company size delivers unparalleled accuracy and cost forecasting capabilities for long-term incentive planning.
- Short-Term Incentive Targets – As more organizations look to leverage cash bonuses to incentivize employee performance, these bonus target percentages deliver critical insights into what percentage of an employee's total cash compensation package should be short-term variable or incentive pay based on survey data.
- Scoped Short-Term Bonus Payouts – In addition to short-term incentive targets, displayed as a percentage of each job's base salary, CompAnalyst's scoped short-term incentive payouts represent actual dollar values associated with the bonuses typically paid to each job in our database. As with scoped long-term payout information, this short-term payout data is specific to each customers' pay market, industry, and company size to deliver enhanced competitive intelligence into the pricing process.
For more information about the Salary.com CompAnalyst platform, please visit Salary.com or schedule a free demo https://www.salary.com/demo/.
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.