At the start of the new year, Salary.com—a leading technology provider of employee compensation data, software, and services—announced new changes with some old faces. Kent Plunkett, Salary.com’s former CEO, bought back the company from IBM and is returning to his previous position.
Salary.com provides compensation software to help both businesses and individuals manage pay and performance. The company aims to win the war on talent by empowering their customers with actionable data regarding compensation, thus simplifying the connections between people and pay.
From 1999 to 2010, Plunkett was the original founder of Massachusetts-based Salary.com, which went public in 2007. As CEO, Plunkett was responsible for building an organization of over 500 employee partners that drove hypergrowth without venture financing. He also built a customer base of over 4,000 subscription enterprise accounts and 10,000 small and medium sized business accounts.
In 2010, Kenexa bought Salary.com for $80 million, which was bought by IBM in 2012 for $1.3 billion. At that point Plunkett became CEO at Intronis, a SaaS leader in cloud backup and recovery software. From there, he founded DreamFund, a crowdsourcing company focused on helping people save for their personal dreams.
According to Salary.com, their new team has decades of experience in the compensation industry.
“The new Salary.com will provide the type of world class service our compensation data, survey, and software customers have come to expect,” Salary.com’s website says. “We will invest in development of the next generation of product features, and expand our data sets to provide even more value to our customers. The people you work with every day will still be available to help make this a seamless transition for our customers. We won’t be missing a beat.”