Salary.Com: A Confluence of Technology, Data, and Consultation

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Salary.Com

David Turetsky, VP - Consulting, Salary.ComDavid Turetsky, VP - Consulting
Salary.com is a technology leader in providing employee compensation market data, software, and analytics to enterprises, small businesses, and individuals. Salary.com’s proven technology is integrated with actionable data and insights, empowering customers to make the best decisions about pay and helping them to attract, motivate, reward, and retain top performers. Their enterprise software helps companies manage their compensation with near real-time, decision-ready data and analytical tools.

The team has decades of experience in the compensation industry— enabling them to build cloud-based software that simplifies the connections between people and pay. It is also one of the most widely recognized destinations for those seeking reliable information about pay equity and compensation-related best practices, trends, and policies.

In an interview with CIO Applications, David Turetsky, Vice President, Consulting, talks about the employee compensation and data analytics space.

Please provide us with a brief overview of your company.

Salary.com is the leading SaaS provider of compensation market data, software, and analytics, bringing more of the trusted data and intuitive software that organizations need to get pay right.

The company was founded in 1999 by CEO Kent Plunkett, a pioneer in compensation management. Our 500-employee team is composed of experts in the field of compensation and data analytics, all passionate about getting pay right. We believe in and support an equitably paid, diverse workforce. This commitment to pay equity is one factor in our 60 percent employee growth. Our team aligns compensation practices with recruiting, performance, and development initiatives through our data insights.

Our market-leading CompAnalyst® SaaS platform accelerates compensation workflows, delivers real-time data, and powers accurate, equitable, and competitive compensation.

We believe everything works better when you get pay right


Our expertise has been rewarded with a diverse, growing customer base that uses our technology and data to make the best business decisions about compensation. We serve over 30,000 survey participant organizations, over 8,000 business-to-business software subscribers, and over 45 million employees globally. Our compensation technology solutions are complemented with a scalable and fully-integrated architecture for daily code releases to ensure error-free and bug-free technology to our clients.

We believe everything works better when you get pay right, but it can be challenging. So, we offer consulting services in addition to our compensation platform. Our comprehensive offering has creative, data-driven solutions backed by 50 years of combined total rewards consulting experience.

What are the key elements that help you stay ahead of the market competition?

We’re at a place in time when compensation matters perhaps more than ever, as corporate giants like Apple and Google, to main street mom and pop shops, are struggling to attract and retain talent. At the heart of all of this is fair pay. In a recent Salary.com survey, more than 90 percent of HR professionals said pay equity is a strategic advantage in the war for talent. With our combination of software and consulting, Salary. com is uniquely positioned to guide companies to successful pay equity outcomes.

Could you please cite a case study on how you have enabled clients to overcome hurdles and attain desired outcomes with your innovative array of solutions?

We worked with CHRISTUS Health, an international not-for-profit health organization with 30,000 geographically dispersed employees. The organization was facing a talent shortage and an increased demand for pay transparency.

Giving HR business partners and managers in the CHRISTUS Health organization access to HRreported, market pay data and training around compensation best practices helped CHRISTUS Health improve transparency around pay. Leveraging CompAnalyst’s advanced reporting and collaboration features improved efficiencies across the HR organization and better prepare the HR team to answer manager questions about pay.

Because it’s essential in today’s competitive job market that every manager in an organization can accurately explain to their employees how their pay is determined.

What does the future hold for your organization? Any footprint expansion plans or platform enhancement strategies that you can shed light upon?

We are bringing to market a pay equity offering that leverages our CompAnalyst software in combination with our industry-leading HR-reported compensation data and survey data, as well as our consulting expertise. This comprehensive solution will inform data-driven decisions for our clients while also providing them with the guidance needed to establish a pay philosophy, maintain pay transparency, and monitor pay equity within their company. It’s this combination of software, data, and know-how that sets Salary.com apart

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