CompIQ

CompIQ, Inc., founded in 2015 by Adam Zoia, operated as a New York-based enterprise software company focused on employee compensation management. The firm was established to provide customized, employee-specific compensation benchmarking data to assist clients in making strategic decisions about pay. Adam Zoia, who served as CEO, brought extensive experience from the human capital and recruiting sectors, having founded the executive search firm Glocap in 1997. His background in economics and law from institutions like The Wharton School, University of Pennsylvania, Oxford, and Harvard Law School informed the analytical approach of the company.

The company's platform was designed to address the complexities of remuneration by using machine learning to deliver real-time benchmarking and automate compensation processes. It specifically aimed to help human resources professionals make informed salary decisions and ensure compliance with emerging pay equity legislation. The target market included companies in the investment management industry, providing them with analysis based on competitor pay and broader industry trends.

CompIQ secured $2.5 million in a seed funding round in August 2017 and participated in an accelerator program in January 2018. Despite its efforts to provide a sophisticated toolset for HR professionals, the company ceased operations, as reported on December 7, 2020.

Keywords: compensation management, pay equity, remuneration platform, HR Tech, compensation benchmarking, salary analysis, machine learning, Adam Zoia, Glocap, employee compensation software, real-time benchmarking, pay equity legislation, investment management compensation, compensation data, enterprise software