This new relationship expands the breadth of information consumers can access from Microsoft Money Plus. It's clear that the web transforms how salary information can be accessed, viewed, and acted upon
Seattle, WA (PRWEB) August 17, 2007
PayScale, the world's largest database of real-time salary information, recently announced a new arrangement with Microsoft, which includes opportunities for Microsoft Money Plus customers to access PayScale's salary information after purchasing either Microsoft Money Plus Premium or Microsoft Money Plus Home & Business.
Consumers will have the option of a acquiring a free PayScale Consumer Premium Report or a free 3 month subscription to PayScale Professional. The Premium Report includes: a customized profile; cash compensation assessment; summary of benefits; compensation influencers; anonymous profiles and a methodology description. PayScale Professional provides employers instant access to detailed salary information targeted to their company and positions.
"At Microsoft, we have a constant focus on giving consumers the tools they need to increase productivity and quality of life," said Chris Jolley, group manager of the Financial Products Group at Microsoft Corp. "Our relationship with PayScale allows us to marry personal finance, career and quality-of-life considerations into a single Microsoft Money Plus experience."
Historically, the process of determining prevailing wage and salary information has been manual, arduous, and prone to error due to lack of detail defining the companies and the jobs being compared. For decades companies have worked with old methodologies, and have difficulty determining the market rates of employees other than on very broad scales. PayScale makes salary information available in real time, with an un-matched level of depth and accuracy.
"This new relationship expands the breadth of information consumers can access from Microsoft Money Plus. It's clear that the web transforms how salary information can be accessed, viewed, and acted upon," said Michael Metzger, CEO and President at PayScale. "Our relationship with Microsoft creates an environment where salary information can be placed into the context where it matters: personal finances."
PayScale has created the concept of anonymously comparing your salary online - in detail - to other people with similar individual and job characteristics (e.g.., location, company type and size, job, experience, education, skills, and more.) Using an advanced search and proprietary matching technology, PayScale finds a relevant peer group from their data set that matches the user-provided job information. The system allows every user's job profile to be unique and relevant to his/her different job requirements. This creates a level of accuracy that cannot be achieved with traditional methodologies and allows individuals to better understand their earning potential.
PayScale is a market leader in online compensation and benefits data for employers and individuals. With the world's largest database of real-time individual employee compensation profiles, PayScale provides a precise snapshot of current market pay. PayScale's patent-pending profiling technology collects and indexes employee pay attributes and makes this salary information available through its online search tools and salary reports at http://www.PayScale.com. PayScale's tools help millions of employees maximize their earning potential and plan their careers, and PayScale Professional, PayScale's award-winning compensation data service for HR professionals and hiring managers, now provides real time salary information to more than 3,500 organizations.