Salary.com Acquires CompXL, The Enterprise Compensation Planning Leader
Summary
CompXL supports the management of merit raises, bonus, commissions, long term incentive awards, equity, and employee total rewards statements across an entire organization. With this acquisition, Salary.com builds on its core foundation of highly accurate and comprehensive data and software, completing the evolution of CompAnalyst® into the only Total Compensation Management Platform (“TCM”) that pairs Salary.com’s proprietary back-end technologies with a familiar spreadsheet format to make a flexible, scalable, enterprise-ready solution built for the cloud. Kent Plunkett, CEO and co-founder of Salary.com says, “Most companies struggle to manage decision-making and communications around people’s pay and incentives. Building trust and engagement are the new imperative for HR, compensation, recruiting and sales leadership teams. Our people are very excited to join the Salary.com family and continue to care for our hundreds of valued customers.” GlobalLogic, Lantheus, and Natixis Investment Managers are among the many organizations leveraging CompXL for incentive compensation planning.
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