May 21, 2018
New 360° Reports Offer Opportunities to Compare Executive Pay to Peers and Internal Employee Pay Levels to Meet SEC CEO Pay Ratio Disclosure Requirements
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, that it has expanded its CompAnalyst Market Data library to include new executive positions and released new features to help CompAnalyst users fulfill the SEC’s upcoming CEO pay ratio disclosure requirements. CompAnalyst users will now be able to quickly calculate CEO pay ratios, compare executive pay packages and pay ratios against publicly-reported peer data, and create CEO pay-for-performance analyses via integrated analytics embedded directly in pricing workflows.
Expanded Executive Job Titles in CompAnalyst Market Data
CompAnalyst Market Data users will now have access publicly reported salaries for more than 50,000 named executives across public companies in the United States. Using new executive pricing workflows, CompAnalyst users will be able to select peer groups of executives to use in pricing and competitive plan comparisons.
New Embedded Analytics in Pricing Workflows
Along with executive pay data, CompAnalyst Market Data users will now have access to in-workflow analytics, which deliver new insights into executive pay comparisons across peer companies, CEO pay-for-performance analyses, and enhanced CEO pay ratio comparisons across public companies in the US.
“Helping our customers meet the urgent regulatory demands they face today, we have expanded our CompAnalyst Market Data product to include executive data, and we have developed new embedded analytics to deliver insights directly into the pricing workflows our customers use most,” said Kent Plunkett, President and CEO of Salary.com. “With increasing scrutiny around both executive and fair pay practices, Salary.com is proud to provide our customers with a single, comprehensive solution for all of their pricing needs across all levels of the business with the integrated analytics that help them identify and address issues and inconsistencies before they become a problem.”
Enhanced CEO Pay Ratio Reporting Capabilities
This year, new regulation via the Dodd-Frank Act, enforced by the Securities and Exchange Commission (SEC), requires all publicly-traded companies to disclose a ratio that compares the pay of their chief executive to that of the company’s median-paid employee. To help customers calculate this CEO pay ratio in their organization ahead of SEC filing deadlines, Salary.com has developed an interactive CEO pay ratio report, which will allow CompAnalyst users to quickly calculate the CEO pay ratio in their organization using pre-loaded employee compensation data in the system.
“With the release of this new CEO pay ratio report, we are delivering a timely response to SEC requirements to our publicly-traded customers,” continued Plunkett. “We hope that this easy-to-use interactive report will make fulfilling CEO pay ratio disclosure requirements quick and simple by pre-calculating median employee pay for CompAnalyst customers who have loaded their employee data into our solution.”
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 salary.com.