Salary.com’ Comp XL Wins Two Lighthouse Research 2024 HR Tech Awards
May 07 2024 - 11:33AM
Salary.com, the top provider of software and data solutions for
managing total compensation, has won two 2024 HR Tech Awards from
Lighthouse Research & Advisory. Salary.com’s CompXL, earned 1st
place in both the Total Rewards / Employee Wellbeing and Best
Comprehensive Solution categories. CompXL makes compensation
planning a seamless part of compensation.
The Lighthouse Research & Advisory HR Tech Awards are an
annual happening. They recognize companies and solutions that
deliver unparalleled excellence in human resources technology. One
of the most talked about products of the year attains the
recognition it deserves.
“Salary.com has had one of the industry's leading compensation
solutions for years. The recent acquisition and incorporation of
CompXL's comp planning features cements that status,” said Ben
Eubanks, Chief Research Officer, Lighthouse Research &
Advisory. “Historically compensation planning was primarily a
spreadsheet task. CompXL integrates it with salary surveys and pay
data. This gives employers one destination to manage and make pay
decisions from both a strategic and tactical
perspective.”
CompXL simplifies the administration of merit increases,
bonuses, long-term incentives, and total reward statements. It
transforms complex compensation practices into streamlined
processes. That significantly reduces administrative burdens. It
cuts cycle times by up to 75%. Companies using CompXL gain a
competitive edge in talent management and operational
effectiveness. Efficiency is coupled with enhanced compliance and
strategic decision-making.
Salary.com is built on innovation, client satisfaction, and the
advancement compensation processes. The awards are evidence of the
company’s enduring commitment.
“One HR Tech award might be luck. Two is the result of a great
product,” said John Sumser, Vice President of Content at
Salary.com. “CompXL allows us to complete our end-to-end Total
Compensation Management suite. It also lets us get tools into the
hands of HR to help them manage the heart of the
employer-employee relationship. Because that’s what compensation
is.”
Salary.com has introduced innovative solutions to address the
evolving needs of businesses. The product portfolio includes every
tool and data source needed to fully deploy a compensation
function. Continual and continuous innovation are the heart of
Salary.com’s culture. Salary.com makes a profound impact on how
businesses manage pay, driving effectiveness and fairness in
compensation practices. For more information about
CompXL please see here. To schedule a demo, please visit us here.
ABOUT SALARY.COM Salary.com®
has been solving the complex human capital needs of global
organizations for more than 25 years. Today, over 30,000
organizations in 22 countries use Salary.com’s solutions to
confidently hire and retain talent so they can better compete in a
constantly changing landscape. Offering the most precise data set
on the market, Salary.com provides more than 10 billion data points
across more than 225 industries using our powerful, proprietary AI
framework and backwards propagating neural network machine learning
to get pay right. The company’s flagship product CompAnalyst® is
the cornerstone of the compensation management software platform.
It empowers organizations with a suite of tools that simplifies
hiring, eliminates compensation guesswork, and increases retention.
Building trust with employees depends on fair pay and Salary.com’s
solutions get it right. For more information, please visit
www.salary.com.
Annmarie Seldon
Salary.com
781-552-4587
annmarie.seldon@salary.com