Firms’ compensation software, salary surveys help organizations establish a more strategic approach to setting and managing compensation
Sycamore, IL (PRWEB) July 14, 2009 — Enterprise compensation software company KnowledgePay has entered into a strategic marketing agreement with WageWatch, Inc., a provider of online compensation and benefits surveys.
The companies will promote to their customers the complimentary offerings from both firms: WageWatch endorsing KnowledgePay’s enterprise compensation management software, and KnowledgePay recommending WageWatch’s online salary surveys.
KnowledgePay helps organizations manage, analyze and integrate their collection of market data from reliable sources with myriad other data needed to make effective pay decisions. WageWatch online salary surveys provides employers a much easier way to note trends within compensation, and give their employees substantiated market pricing data that realistically compares to their salaries. WageWatch is a leader in the hospitality, healthcare and gaming markets and is undergoing an expansion to multi-industry surveys.
“KnowledgePay provides a unique service in the compensation arena, a way for organizations to integrate disparate compensation data and streamline their entire process,” said Margaret Dyekman, WageWatch president and chief operating officer. “Our online salary survey technology captures complex compensation data and reports it back in an easy-to-understand manner so customers establish and maintain up-to-date, competitive compensation structures.”
“Working with WageWatch lets us refer our customers to a trusted source for reliable, high quality survey data,” said Chris Kelley, founder and chief executive officer of KnowledgePay. “Healthcare, hospitality, and gaming are all industries with very competitive wage and salary data, and we welcome WageWatch’s insight and recommendations to customers in need of strategic compensation management.”
The KnowledgePay online enterprise compensation management system enables companies to integrate salary information, salary surveys, and compensation data scattered in spreadsheets, word-processing documents, ad hoc databases, and even on paper. Compensation professionals can focus on providing guidance on compensation instead of being buried in administration.
KnowledgePay also enables HR to provide more compensation data to line managers to motivate their staff. Studies indicate the more employees understand the foundation of their company’s compensation plan, where they fit within it and how it compares to the market, the more committed and engaged they will be in their present positions.
KnowledgePay delivers enterprise HR software with a relentless focus on compensation intelligence. KnowledgePay’s innovative on-demand technologies help organizations and their people succeed by maximizing engagement, alignment, passion and productivity. KnowledgePay solutions integrate all sources of job and compensation data with groundbreaking analytic tools to drive HR productivity and business results.
WageWatch Inc. (www.wagewatch.com), the leading Web-based source for industry compensation and benefits data, provides instantly accessible wage, salary and benefits data, delivered to any Internet-enabled device. WageWatch surveys the hotel, timeshare, healthcare, spa, gaming, and call center industries and provides companies with the data they need to make their compensation and benefits decisions
Contact: Gail DeLano