PayScale brings transparency to the job marketplace in a way that helps employees understand the value of their skills and experience, and helps employers to attract and retain the best employees in a difficult talent market
Seattle, WA (PRWEB) July 25, 2008
PayScale, Inc, today announced that it has grown its database to over 13 million unique compensation profiles and has over 6,500 paying business customers using its business solutions. Companies include Blue Man Group, College Board, Cystic Fibrosis Foundation, Disney, Georgia Pacific, HealthSouth, and The New School.
Real-time salary information, analytics, and career planning tools from PayScale continue to be a resource for millions of individuals every month, while business leaders needing to make strategic HR decisions and manage their talent find PayScale's compensation suite of applications to be a powerful aide in a quickly evolving job market.
"PayScale brings transparency to the job marketplace in a way that helps employees understand the value of their skills and experience, and helps employers to attract and retain the best employees in a difficult talent market," said Mike Metzger, CEO. "PayScale's sophisticated online data collection and analytics methodology gives an accurate valuation of an employee or position across the broadest set of comparable industries, company sizes and locations."
PayScale Insight - Online Data Analysis and Reporting Application for Business
PayScale recently launched PayScale Insight, an online compensation analysis and reporting application that enables HR & Compensation professionals to analyze and manage their workforce compensation using PayScale unique data from within a single online application. PayScale Insight is unique because it allows users to define their positions, and employees, in detail and market price those definitions, rather than using the traditional broad process of matching to generic job descriptions. The results are more accurate relative to traditional market surveys because PayScale's dynamic datasets can match directly to an organization's unique company, position and employee characteristics. With the introduction of PayScale Insight, the company is now collecting data from over 100 contributing Employers.
Global Expansion Continues in 2008
The first half of 2008 has been marked by international expansion for PayScale in Great Britain, Australia and New Zealand, and a beta site opened in China at http://www.payscale.cn. New partners include: Guardian Jobs in the UK and Job X in Australia and New Zealand. These alliances provide partners with access to PayScale's Salary Survey Platform, where visitors to those sites can determine their current market value with the local market and currency adjustments already in place.
Added Metzger: "In our global economy, demand for international compensation data is even greater than we anticipated. PayScale is often regarded as the best data solution available, due to our global data collection methodology."
Source To Top-Tier Media Companies
PayScale has become an authoritative source for global media companies and research institutions. In recent months, the company has provided customized salary data and market research studies to editors and reporters at BNET (a division of CBS Interactive), BusinessWeek, Forbes and The New York Times.
PayScale.com (http://www.payscale.com) is the world's largest ongoing salary survey. With the world's largest database of individual employee compensation profiles, PayScale provides an immediate and precise snapshot of current market pay. PayScale's patent-pending real-time profiling technology collects and indexes employee pay attributes worldwide and makes this data available through its online search tools and salary reports at http://www.PayScale.com. PayScale was founded in 2002 and is headquartered in Seattle, Washington, USA.
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