Salary.com has filed to go public. Most people know Salary.com as a consumer-facing tool that allows individuals to find out what they are worth. What many people don’t know is that Salary.com has a significant business focused on selling talent management solutions, specifically performance and compensation management, to enterprise customers.
Salary.com has recently relaunched its website, re-positioning and messaging the company as an on-demand talent management vendor with an end-user and enterprise focus. One of Salary.com key differentiators is its library of over 3,400 job codes and related compensation data (that has been normalized over a number of years), that enables companies to better align pay with individual performance and business outcomes.
The company had $15 million in revenue for 2006 with a net loss of $3 million. The good news is that the IPO will provide significant capital resources for the company in a market with increasing consolidation and concerns over long-term vendor viability. Many talent management vendors will be watching this very closely as I will be very interested to see shareholders interest. The market has established $50 million in revenue and profitability as the benchmarks for companies seeking public market dollars in this space. Salary.com is significantly below both bogeys.
In a sidenote, according the Salary.com my pay range is $103K-$240K. In comparison, Payscale says I am worth $110K-$130K
with an average base salary of $112K. Anyone willing to offer me a base salary of $240K should contact me as soon as possible.