Decusoft, a compensation management software company, said Tuesday that it appointed Michael Pires as its new CEO. Pires steps in for Bob Laurenzo, who has served as the company’s CEO since 2015, and will continue as a board member and take on a new role as senior vice president, sales and business development, for the organization.
The Ramsey-based Software-as-a-Service provider of enterprise-class incentive and total rewards management, said a number of the world’s leading brands rely on its “compose compensation platform” to administer, manage and deliver diverse, equitable and inclusive compensation, incentive and total rewards programs to their workforces, and Pires brings extensive strategic leadership and human capital management industry leadership experience to the company that will lead Decusoft through its next chapter and phase of growth.
Pires joins Decusoft at a crucial time in which businesses globally are placing increasing awareness and commitment around the importance of diversity, equity and inclusion and in which the demand for the solutions Decusoft delivers is increasing exponentially every day.
In his most recent role as president and chief operating officer at PrimePay, a leading provider of payroll services and human capital management technology, Pires led numerous strategic initiatives including the execution and launch of a new product platform as well as the redesign and transformation of the company’s services organization.
Pires has a consistent track record of driving innovation and developing strategies that deliver rapid growth for SaaS and B2B technology-enabled service organizations such as ADP and NCR.
“The compensation management process for most organizations is incredibly inefficient and reactionary; executives and compensation leaders spend countless hours tracking and administering compensation and simply trying to get their incentive and rewards programs right. All too often, CEOs and their leadership teams lack the visibility and transparency necessary to effectively drive these programs, which in turn has massive ramifications on their ability to attract and retain top talent,” Pires said.