Seattle, WA and Carlsbad, CA - October 2, 2007 - PayScale, the largest real-time online compensation data source in the world for individuals and employers, and Adicio, the leading provider of private label job-board platforms for media companies, today announced a strategic relationship to provide PayScale's leading web-based salary tools to Adicio's 300+ careers customers. Adicio's job-board clients will be able to integrate Payscale's comprehensive set of salary tools, including its real-time salary calculator, into their job-search results for candidates to access with a single click.
"The PayScale-Adicio partnership is an exciting one: We will provide media companies valuable, real-time, national and local salary information. Our collaboration will let job seekers and employers get the specific salary match they are looking for," said Michael Metzger, CEO and President, PayScale.
PayScale has launched the concept of anonymously comparing salaries online - in detail - between individuals with similar job characteristics (i.e., 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, thus creating a level of accuracy that cannot be achieved with traditional methodologies.
"Our partnership with PayScale gives Adicio a great resource integrated into their job-search results: accurate and actionable salary tools that help visitors make smart career decisions," said Tony Lee, Chief Alliance Officer, Adicio. "PayScale's innovative use of technology creates a powerful salary management tool for media career sites that leverage the Adicio platform."
PayScale is a market leader in online compensation and benefit data for employers and individuals. 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 www.PayScale.com. PayScale was founded in 2002 and is headquartered in Seattle, Wash.
About Adicio, Inc.
Adicio develops interactive classified advertising software solutions for the careers, real estate, and motors markets, which serve the Internet's leading media companies and web portals. With its award-winning technology and enterprise-class software platforms, domain expertise, and customer service, Adicio delivers a private-label application that is seamlessly integrated within online classified advertising offerings, enabling organizations to build and manage the largest, most valuable, and highest-quality communities of buyers and sellers.
Steven Gottlieb (for PayScale)
Gottlieb Group Communications
Brody PR (for Adicio)