Synygy Incentive Compensation Conference Demonstrates the Growing Use of Pay-For-Performance in...

Business/Technology Editors

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--July 22, 2002

Those who missed the sold-out Synygy Incentive Compensation Conference and Expo last March will have another chance to attend the industry's premiere incentive compensation event.

The Synygy

The organizing sponsor of the conference is Synygy, Inc., the largest and most successful provider of Enterprise Incentive Management (EIM) software.

"The incredible response to our March conference was a powerful demonstration of the growing interest in enterprise incentive management as a strategic weapon," said Mark A. Stiffler, president and CEO of Synygy. "Rewarding salespeople, employees, executives, suppliers, channel partners, brokers, and customers for helping a company achieve its strategic goals has become even more important in today's economy."

A recent study by Hewitt Associates showed that 81 percent of companies now pay incentives or bonuses, up from 47 percent in 1990. With the economy, companies are looking even more closely at pay-for-performance as a way to ensure that their strategy is being executed across the entire enterprise.

The only conference of its magnitude, the Synygy Incentive Compensation Conference and Expo focuses on helping executives in finance, sales, human resources, sales operations, information technology, and other departments understand the use of performance-based incentive compensation to drive greater efficiency and effectiveness throughout their organizations.

Designed for executive decision-makers at companies with over 100 plan participants, the conference agenda includes all-new content, with interactive workshops, case studies, industry-specific roundtables, and best practices discussions. These features will help attendees to evaluate, improve, redesign, and manage the use of variable pay in their companies.

Bruce Richardson, Senior Vice President, Research, from noted industry advisory firm AMR Research kicks off the conference by discussing how incentives can be used to support the performance-driven enterprise.

Industry roundtables for the financial services, life sciences, high tech, and manufacturing/retail sectors bring together attendees specifically interested in sharing the perspective of colleagues in these areas. The conference also now features break-out session tracks designed for attendees just getting started with incentives, for advanced practitioners, for those interested in the use of incentives for sales applications, and for those looking to use incentives across the enterprise.

The conference will be held in Philadelphia in September 18 and 19, 2002, at the Pennsylvania Convention Center. Register for the conference on the Web at www.synygyconference.com or by calling Synygy at 610-664-7433 x7966.

About Synygy

Synygy Inc., The Incentive Compensation Company(R), is the largest and most successful provider of Enterprise Incentive Management (EIM) software. Synygy created the EIM industry in 1991, and the award-winning Synygy Compensation EIM software has been used to implement and manage the variable pay plans for hundreds of organizations. Synygy Compensation won a prestigious Crossroads 2002 A-List Award, given each year by Open Systems Advisors, Inc. (OSA) to identify the best new products and services that meet today's critical business challenges in the enterprise. Based in suburban Philadelphia, Synygy's success and sustained growth were recently recognized when Synygy was named to the Inc. 500 Hall of Fame, reflecting Synygy's fifth consecutive inclusion on the Inc. 500.

For more information on Synygy, visit www.synygy.com.

Synygy and "The Incentive Compensation Company" are registered trademarks and Synygy Compensation is a trademark of Synygy, Inc. All other trademarks are trademarks or registered trademarks of their respective owners.