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Monthly Newsletter

May 2025

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TrueComp Appoints New CEO and CRO to Lead Company’s Next Growth Phase

 

TrueComp, the pioneer of compensation analytics technology for government agencies, announced today the appointment of Harold Westervelt as Chief Executive Officer and Ryan James as Chief Revenue Officer. These key hires position TrueComp to accelerate growth, scale operations, and meet the urgent and rising demand for modern compensation and workforce planning tools in the public sector. 

 

Westervelt brings decades of executive leadership experience in SaaS and enterprise software, with a proven record of scaling companies, improving operating margins, and delivering outsized results. Prior to joining TrueComp, Westervelt served as CEO of FileTrail, where he led the company through multiple acquisitions, achieved 20% year-over-year ARR growth, and delivered industry-leading customer retention. His background also includes transformative roles at Sapiens Decision, Computer Sciences Corporation, INVeSHARE, Inc. and other high-growth tech organizations.

 

Joining as Chief Revenue Officer, Ryan James will lead all go-to-market strategy, sales execution, and revenue operations. A seasoned revenue leader with more than 15 years of SaaS experience, James brings deep expertise in both commercial and government markets. He most recently served as SVP of Sales at Springbrook Software, where he oversaw enterprise sales, marketing, client success, and channel partnerships—driving double-digit growth and expanding market share focused on the public sector. He has also held senior sales leadership roles at Businessolver and ADP. 

 

 

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Latest News

TrueComp Named Finalist in 2025 HR Tech Awards for Best Talent Intelligence Solution - The HR Tech Awards, now in its sixth year, spotlight the most innovative and effective HR technologies on the market.

Workforce Insights to Combat Government Hiring Challenges - The findings highlight the pressing need for modern compensation intelligence.

The Quiet Cost of Vacancies in Local Government - In reality, unfilled roles aren’t savings—they’re hidden costs.

Mastering Market Studies: A Guide for Public Sector Success - Why Market Studies matter more than ever.

Extra

Benchmarking Module Updates: Global Job Matching

Big things are happening in the Benchmarking module! We've rolled out major improvements to Global Job Matching—enhancing the algorithm behind the scenes and giving the interface a fresh, more intuitive feel. You’ll now have even more tools to review your benchmarks and provide key details about positions right from the start.

 

We're just getting started, and your input is essential as we continue to evolve. Send your feedback to us anytime at ProductManagementTeam@truecomp.com! 

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TrueComp Partners with Carahsoft to Expand Public Sector Access

 

We’re excited to share that TrueComp’s compensation analytics software and consulting services are now available through Carahsoft’s reseller partners and contract vehicles, including SEWP V, NASPO ValuePoint, and OMNIA Partners. This partnership makes it easier for State and Local agencies to access real-time labor costing tools, model workforce changes, and strengthen recruitment and retention strategies. Together, we’re bringing smarter, data-driven workforce planning to more agencies.

 

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Events & Webinars

May 7th - 9th

TMHRA Annual Conference

San Antonio, TX

 

May 7th - 9th

Washington Cities Labor Relations Institute

Yakima Convention Center - Yakima, WA

 

May 7th - 9th

NYSAC - Finance School

The Queensbury Hotel - Glens Falls . NY

 

Wednesday, May 21st

Carahsoft Webinar

Details coming soon!

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Learning Lab

Every Thursday - 12p CST

 

The TrueComp Weekly Learning Lab offers government analytics training, providing interactive sessions on using data-driven insights for better decision-making. During each 30-minute session, we will share actionable pro tips, answer any questions about your labor, compensation, pension and OPEB strategies, and highlight additional resources to support your agency's goals. Register here!

 

May Topics:

May 8th - Benchmarking | How to Use Global Job Matching Effectively

 

May 15th - Labor Costing | Project Setup Basics: Naming, Projection Years, and Cost Categories

 

May 22nd - Benchmarking | Market Summary Reports: Reading and Interpreting Your Data

 

May 29th - Labor Costing | Proposal Creation and Comparison: Exploring Scenarios

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Making Sense of GASB 75

 

Governmental entities are required to meet stringent financial reporting standards—especially when it comes to postemployment benefits other than pensions (OPEB). GASB Statement No. 75 outlines the framework for recognizing and disclosing these liabilities, aiming to enhance transparency, accountability, and decision-making for stakeholders.
At TrueComp, we understand how complex these reporting requirements can be. That’s why Roger Burton and Scott Lanham lead our efforts in preparing accurate, timely GASB 75 actuarial reports for our clients. Their work helps government employers confidently navigate OPEB compliance, whether the plan is administered through a qualifying trust or another arrangement.


With our tailored actuarial solutions, clients receive clear valuations and insights that not only meet compliance standards, but also simplify the decision-making process. From projecting benefit payments to calculating liabilities, our team ensures you have everything you need to fulfill your reporting obligations with confidence.


Need help preparing your next GASB 75 report? Contact Support to get started.

 

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TrueComp, 8605 Santa Monica Blvd, PMB 52465, West Hollywood, CA 90069, (310) 371-7106

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