Dow Jones Selects Kadiri Solution to Speed Strategic Decision Making.Business Editors/High-Tech Writers BURLINGAME, Calif.--(BUSINESS WIRE)--May 21, 2001 Kadiri Inc., a leading provider of Human Capital Management applications, today announced that Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance & Company has purchased a license to use Kadiri TotalComp(TM), a compensation planning software package. Dow Jones chose Kadiri's web-based compensation planning solution because it believes Kadiri TotalComp will reduce planning cycle time and enable better decision-making by all managers in the enterprise. Dow Jones will be using the Kadiri solution to plan merit, variable and stock compensation for as many as 6,000 employees throughout its organization. By using Kadiri TotalComp, Dow Jones expects to cut its planning cycle time so substantially that the company believes it will recoup its investment in the new system in less than two years. "A recent study by the Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. indicates that larger companies can potentially increase shareholder value as much as 30 percent by effectively managing human capital," said Chuck Baker Charles Joseph Baker better known as Chuck Baker, born December 6, 1952, in Seattle, Washington was a former major league baseball player. In his three year major league career, he played for the San Diego Padres and the Minnesota Twins. , senior associate of compensation at Dow Jones. "But to do this, managers must juggle a number of compensation variables within an ever-changing business environment. For example, when budgets are tight, line managers need to see that there are alternative ways to reward top performers. Kadiri TotalComp will give our line managers that kind of vision, and allow us to optimize pay for performance regardless of budget and market constraints." With Kadiri TotalComp, the company's line managers will have instant access to analytical planning tools, situation-specific advice and Kadiri's patented Kadiri Knowledge Manager(TM) System, which guides managers in making strategic, policy-based compensation decisions. "Kadiri TotalComp will enable line managers to quickly make equitable compensation recommendations that can be approved by their supervisors in a matter of hours," explained Baker. "This will create a twofold benefit. First, compensation recommendations will be made by those who are most familiar with the day-to-day contributions of employees. Second, our executives will have more time -- eight weeks per planning cycle -- to affect the strategic direction of their departments and the company as a whole. That's the true power of Kadiri TotalComp: it enables companies to broaden their strategic focus across many levels of operation and save time in the process." About Dow Jones Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ; dj.com) publishes The Wall Street Journal and its international and online editions, Barron's and SmartMoney magazines and other periodicals, Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July , Dow Jones Indexes, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Excite@Home of Work.com, and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. About Kadiri Kadiri Inc. is a leading provider of Human Capital Management solutions. The company's Kadiri TotalComp(TM) solution simplifies compensation planning, including salary, variable pay and stock by integrating employee information, analytical tools, expert knowledge and situation-specific guidance. Kadiri TotalComp significantly shortens compensation planning cycles by enabling line managers to make informed decisions at the desktop. Highly functional and easy to configure, Kadiri TotalComp is revolutionizing the way companies manage total compensation. Customers include Bechtel, Excite@Home, HCA HCA, n.pr See acid, hydroxycitric. , Palm, Verizon, Dupont, Kaiser Permanente Kaiser Permanente is an integrated managed care organization, based in Oakland, California, founded in 1945 by industrialist Henry J. Kaiser and physician Sidney R. Garfield. , Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU. Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association. and Wells Fargo. Kadiri is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Burlingame, Calif., and can be contacted at (877) 642-2299 or www.kadiri.com. Kadiri TotalComp and Kadiri Knowledge Manager are trademarks of Kadiri Inc. All other names are trademarks or registered trademarks of their respective owners. |
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