CompTracker to Ease Merit and Bonus Planning Process.
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February 2, 2007
Ramsey, NJ -- CadreHR, a leading compensation management vendor, announced today that Avis Budget Car Rental, LLC, has selected CadreHR's CompTracker as their application of choice for managing the merit and bonus plans for their employees.
"We are very confident that CompTracker is the best solution available to meet our needs," said Mark Servodidio, Executive Vice President & Chief Human Resources Officer. "CadreHR was able to prove that their product could support our complex plans, automate and streamline our merit and bonus processes and reduce administration time. The other vital component is their in-depth knowledge of compensation management and the support they provide. We look forward to CadreHR successfully delivering a solution that will give us the ability to administer a variety of compensation plans while simplifying our processes."
CompTracker provides organizations with the ability to streamline and manage the salary planning and payout process, including merit, market equity, promotion, bonus and other long-term incentives, such as stock options. The combination of workflow processes, line manager functionality, and HR's ability to grant access to the field level, speeds the process while maintaining necessary control. It has the flexibility to accommodate multiple plans, multiple currencies, organizational architectures, and diverse employee groups.
"We are pleased to have Avis Budget join our growing customer base and look forward to being more of a trusted advisor than just another vendor and we're looking forward to a long lasting partnership," said Rick Laurenzo, CadreHR president.
The CadreHR team is dedicated to developing solutions that support the unique processes and challenges of today's human resources business environment. For additional information, visit www.cadrehr.com.
Contact:
Rick Laurenzo, President
CadreHR
201.785.0775, Ext. 222
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