Analyzing data points from millions of others’ unique, personal career experiences, Paysa’s artificial intelligence technology acts like a seasoned career agent by your side, 24-7.
Palo Alto, Calif. (PRWEB) December 06, 2016
On a mission to shift the balance of power from the employer back to the employee, Paysa today introduced its advanced technology framework with fully embedded personalization, artificial intelligence (AI) to help people optimize their full career and income potential.
Waze for careers, the new Paysa technology uses machine learning and data science across Paysa’s massive data sets of job, resumes, companies and salaries to help people navigate their way to greater earnings and career potential. As a result, Paysa gives employees full awareness of whether or not they are on track towards achieving their short term and long term career, salary and lifestyle aspirations.
Paysa's advanced AI engine is an example of just how modern artificial intelligence is being used to improve people’s lives. Underscoring this, Paysa users are getting, on average, 20 percent more income through a raise or new job enabled by its suite of AI based applications that arm the employee with actionable career options. For a software engineer, this translates to around $23,000.00 or more per year, in average compensation, for example.
Paysa is always on, taking in a vast amount of data surrounding the labor market, uniquely distilling relevant points of information that are personalized to each unique user. People then have a more holistic view of their progress and can be truly "informed" and "armed' with actionable insights. Knowing what steps to take in order to go get that 20 percent (or more) increase in pay, could mean a huge difference in affording a home, saving for college, planning for retirement and enjoying a higher standard of living overall. Dreaming of a winter cabin or summer vacation home? Paysa can help make it a reality.
“Employers go out of their way to make sure they're stacking the deck against employees,” said Patrick Harrington, Chief Data Scientist and co-founder of Paysa. “They have no interest in setting you up to earn more than they think you should and we at Paysa believe it’s time that power is shifted to the talent. Paysa throws the dogmatic price bands imposed by employers out the door.”
“Our goal is to empower the individual to manage and optimize their career through Paysa’s artificial intelligence and data science,” said Chris Bolte, CEO and co-founder of Paysa. “Analyzing data points from millions of others’ unique, personal career experiences, Paysa’s artificial intelligence technology acts like a seasoned career agent by your side, 24-7. Paysa gives employees back their power to attain the income and career opportunities they deserve.”
Added Bolte, “You, as an employee, can now see this change in your market value in a matter of days, weeks or months -- not years. To make this happen, Paysa recommends the next optimal step to get there.”
Paysa’s advanced artificial intelligence engine, always looking out for the user, provides recommendations around jobs that best map to that person’s education, skills, experience, compensation and cultural fit. The platform truly guides you to know when you should get a promotion, a raise, or even add new skills to your resume. Paysa never sleeps, always analyzing the fluid job market and offering insights and recommendations around what actions to take in order to optimize career and earnings potential. By adding these types of in-depth career insights to the mix, people can make more informed, data driven decisions.
Using Paysa’s fully embedded artificial intelligence framework, users can even more precisely chart their way to a promotion or job move. Individuals can access answers to tough, future-looking questions like:
● When should I expect a promotion?
● What position can I expect to be promoted to?
● How much will I earn along a sequence of roles in a company over three to seven years?
● How likely is it that I will get promoted?
● How much will I make in my next position?
● What can I do to improve my likelihood of getting promoted?
● Is there an alternative scenario outside of this company that will be better for me and my family?
Said a software engineer and Paysa user from Marlborough, MA, “Glassdoor wasn't personalized enough to my skills, background and educational level so I was looking for an alternative. Paysa provided me with the confidence to negotiate an initial offer that was higher, based on the salary history and range for my position. I especially liked Paysa’s data around the average amount of time stayed at the company and average time for promotion. I started the offer negotiation process with a high "target" total compensation number based on the information I got at Paysa. Even though the salary that the employer and I eventually settled on was lower, Paysa's data gave me the confidence to ask for more in all compensation categories. I got a 31 percent salary increase.”
More About Paysa’s Advanced Personalization Framework
Paysa’s artificial intelligence technology uses its personalization system to identify trends and insights by job title, skills, company and location in addition to flagging high value job matches. It also identifies trends and insights around compensation as well as opportunities for candidates to increase their salary through a raise, promotion, a new job or adding new skills to their repertoire. Paysa offers insight into what steps other people are taking when it comes to their careers, what company are they going to, what roles they are filling, when are they getting promoted and how much they are getting paid. As a result, Paysa analyzes how this affects you as a professional and as a person and what you should do next - similar to the technology behind self driving cars.
Paysa offers personalized career and hiring recommendations plus real-world salary insights for maximizing opportunity, earning potential and value at all stages of an individual’s career. Using proprietary artificial intelligence technology and machine learning algorithms, Paysa analyzes millions of data points including jobs, resumes and compensation information, providing professionals with actionable tools, insights, and research. They can then see and understand their individual worth in the market today, and how to increase their value. Paysa also empowers enterprises with the knowledge they need to be competitive in today’s fierce tech hiring market. Employers can learn which skills, real-world company experience and educational background offers the greatest predictor of a candidate or employee’s future success at their organization.
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Andrea Corry for Paysa