Salary.com(TM) Reinforces Global Leadership Position With Expanded Management Team
2008-08-21 05:00:00
Salary.comTM Reinforces Global Leadership Position With Expanded Management Team
Strategic Engagement and Senior Management Appointments Build on Record Participation Levels in IPAS® Survey
WALTHAM, MA–(EMWNews – August 21, 2008) – Salary.com, Inc. (
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™ 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