NEEDHAM, Mass., Oct. 6, 2004 -- Salary.com, a leading provider of compensation solutions, announced today that its compensation planning application, CompPlanner(TM), has received the Human Resource Executive's "Top HR Products" Award.

Each year Human Resource Executive identifies the ten best human resources products that have been introduced to the market during the year. Winners are selected based on the level of innovation offered by the product, the value it brings to the HR function, its intuitiveness and ease-of-use, and its ability to deliver on its promises.

Human Resource Executive Magazine commented: "Pulling from its compensation expertise, Salary.com has built a solution that's flexible and rich in functionality. The software is unique in that it addresses the entire comp-management lifecycle-from modeling and design to administration and evaluation-and is able to accommodate multiple pay programs, including both short-term and long-term incentive plans." The magazine continues to say, "Not to be overlooked as well is Salary.com's unique "software-as-a-service" pricing model, which is intended to keep IT investment costs to a minimum."

"We are very pleased to have been recognized by Human Resource Executive for this prestigious award," said Kent Plunkett, founder and CEO of Salary.com. "It is a validation of our commitment to customer success by developing innovative, decision-ready solutions that help companies improve their compensation effectiveness, efficiency and productivity."

CompPlanner is an on-line, on-demand application that is configurable to meet the needs of organizations both large and small. It manages all aspects of the employee compensation lifecycle including budgeting, plan design, plan administration, and evaluation. With CompPlanner, managers can efficiently process employee performance appraisals, merit increases, equity adjustments, promotions, multiple bonus or incentive programs, as well as stock options through an intuitive and easy-to-use Web interface.

Customers have adopted CompPlanner as a key component of their compensation management and pay-for-performance strategy. "With CompPlanner, we have eliminated the need for spreadsheet salary planning and as a result have saved a lot of time," said Holly Thomas, Vice President Compensation & HRIS at Digitas, a leading marketing services firm. "We are now able to engage managers in collaborative discussions, more effectively manage our budgets and have both more control as well as flexibility throughout the compensation planning process." Digitas was able to take advantage of CompPlanner's rapid deployment to receive immediate timesavings and ROI. "We now have a means by which to correlate pay and performance, and can even integrate with other HR programs. Our entire compensation planning experience is painless and so much more effective overall."

CompPlanner is part of a complete enterprise product suite offered by Salary.com, including solutions to help market price jobs, manage surveys, and compare company jobs to market. Salary.com is the only software vendor that provides a complete solution for managing the compensation planning life cycle that is both powerful and easy to use -- delivered through an affordable Web- based service that provides rapid implementation. Salary.com's professional services organization provides a "full service" approach to implementing these solutions that helps customers realize immediate benefits with the highest level of customer satisfaction.

About Salary.com

Salary.com is a leading provider of compensation solutions providing data, applications, and services to enterprises, small businesses and individuals. The enterprise software helps companies manage their compensation expenditures with real-time, decision-ready data and analytical tools. Backed by a team of Certified Compensation Professionals, Salary.com is your partner in compensation.

CompPlanner is a trademark of Salary.com, Inc. All other trademarks are the property of their respective owners.

SOURCE Salary.com

Web Site: http://www.salary.com