Press Release |
Equilar Addresses Major Need for Nonprofit Compensation Benchmarking
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REDWOOD CITY, CA, Jan 24 (MARKET WIRE) -- Equilar, the leading provider of executive compensation benchmarking and research solutions, today announced the release of Equilar Insight Nonprofit(TM), an innovative tool to help nonprofit organizations measure and set compensation for executives and other senior professionals. Nonprofits face the challenge of balancing the competing interests of acquiring and retaining top-tier talent while remaining accountable to their members and donors. Additionally, nonprofits must comply with strict legal requirements governing the size of pay packages. Until now, nonprofit organizations have had to spend valuable time and scarce resources to manually collect IRS 990 filings to retrieve this information. "With this new step forward, we are responding to the clear needs of the nonprofit community," said David Chun, CEO and founder of Equilar. "We're proud to extend Equilar's commitment to data quality and ease-of-use to the nonprofit space." Early clients of Equilar Insight Nonprofit include American Heart Association, Inova Health System, and the American Society of Clinical Oncology. "With Equilar Insight Nonprofit, what once took weeks to assemble can be created within minutes," said Katherine Neverdousky, VP of Human Resources at American Heart Association. "And since we can drill down into the specific IRS Form 990s, we have absolute confidence in the accuracy of the data." With Equilar Insight Nonprofit, organizations like hospitals, universities, and charities can benchmark against up to 100 companies at one time to ensure appropriate compensation levels for their top-paid employees. For more information, visit www.equilar.com About Equilar Equilar's award-winning product suite is the gold standard for benchmarking and tracking executive compensation, board compensation, equity grants and award policies and compensation practices. Equilar products and custom research services enable corporations, nonprofits, human capital consulting firms, law firms, investors, individual executives, and the media to accurately compare pay packages across thousands of public and nonprofit companies using SEC, Form 990, and proprietary survey data. Equilar's research is cited frequently by Bloomberg, BusinessWeek, Reuters, The New York Times, The Wall Street Journal and other leading media outlets. Equilar (Redwood City, CA) has been recognized as one of the fastest-growing private companies in America by Deloitte, Inc. magazine, and the Silicon Valley Business Journal. Media Contact Nick Ezzo Equilar (650) 241-6677 email@example.com Copyright 2012, Market Wire, All rights reserved. -0-