Compensation Resources, Inc. and Artemis Consulting Services, Inc. Announce Strategic Partnership.

July 22, 2004 – Upper Saddle River, NJ – Compensation Resources, Inc., a leading provider of compensation and HR consulting solutions, is pleased to announce they have entered into a partnership with Artemis Consulting Services Inc., a cutting-edge human capital management solutions provider.  The two companies will work together to offer a full scope of services from designing compensation plans to providing web-based human capital management solutions for companies of all sizes.

This partnership bolsters both companies’ offerings.  Artemis currently features CadreHR^TM, a web-based modular software suite that enables companies to easily manage and streamline their salary planning, market pricing, succession planning, and performance management processes.  With the addition of CRI as a partner, Artemis now offers expert knowledge in the compensation and HR arena. “Our strategic relationship with Compensation Resources combines years of expertise and innovative technology to offer organizations comprehensive solutions in the human capital management space.” said Erik Alvarado, President & CEO of Artemis Consulting Services.

CRI will benefit by offering a flexible, easy-to-use product suite that can implement the compensation solutions and strategies they create for their clients.  “We are confident that the CadreHR^TM suite will provide our clients with the technological tools to ensure the programs we develop are implemented and administered for maximum success.” said Dan Moynihan, Principal of Compensation Resources Inc. Currently, CRI specializes in executive compensation, sales compensation, performance driven base pay management, and litigation support.

More about Compensation Resources Inc. (CRI)

CRI specializes in providing comprehensive Compensation and Human Resource consulting services including executive compensation, sales compensation, salary administration, performance management, and litigation support.  Since its inception in 1983, CRI has served emerging and mid-sized corporations, plus Fortune 500 corporations with creative and pragmatic solutions to meet a variety of business needs.  Combining a commitment to practical approaches with a dedication to quality, CRI has earned a reputation for providing sound business advice to its clients with creativity, resourcefulness and professional accountability

More about Artemis Consulting Services, Inc.

Headquartered in New Jersey with offices in The Netherlands, Artemis offers products and professional services aimed at improving the efficiency of human resource and compensation business processes.  Founded in 2000, Artemis has experienced phenomenal growth delivering innovative, experience-rich products and a commitment of top service to their clients (www.cadrehr.com).