Seattle, WA, - October 29, 2008 - PayScale, Inc, today announced the company has grown its database to over 15 million unique career profiles and has an expanding set of business customers. Customers include: Dole Foods, General Dynamics, Merck, Internal Revenue Service, United States Postal Service and Zappos.com.
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 aid in a quickly evolving job market.
"Making the right employment decisions is critical in today’s economy," says Mike Metzger, CEO of PayScale, "and we believe that our data provides real-time compensation intelligence for the decision-makers, who have to stretch every dollar in their cost-constrained budgets."
New Partnerships Are Forged
In September, PayScale cemented its new partnership with HotJobs, Yahoo!’s career and job site, which will use PayScale’s real-time salary tools. The new relationship makes the PayScale real-time salary calculator, cost-of-living calculator, dynamic salary charts and GigZig career path predictor available to all HotJobs visitors.
"More and more people are relying on PayScale’s data tools - only the Bureau of Labor Statistics receives more salary-related website traffic - because the current unprecedented economic conditions leave little room for error," explains Metzger. "Our partnership with Yahoo! is great for Yahoo! users because it provides them with extra-sharp information and analytics."
Sharply Focused Data Packages Released
PayScale has also completed its inaugural 2008 College Salary Report. The research survey, which analyzes the company’s database of unique compensation profiles, provides a rare - and much-needed - perspective on the relationship between college selection and career success. The PayScale 2008 College Salary Report included over 2,000 data points, including salary data for 40 Majors, from over 300 U.S.-based undergraduate colleges and universities. The report on the best colleges looked at the following datasets:
- Best Salary Potential By Type of School
- Degrees That Pay You Back
- Most Popular Jobs By Degree
- Most Popular Jobs By School
- Most Popular Schools By Job
- Best Salary Potential By School Location
Each day, tens of thousands of people take PayScale's salary survey to compare their pay anonymously with their peers and improve their understanding of the job market. PayScale has created the concept of anonymously comparing your salary online - in detail - to other real 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 its dataset 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 earning potential.
PayScale.com is the world’s largest ongoing salary survey, with over 15 million unique user profiles. With the world's largest database of individual employee compensation profiles, PayScale provides an immediate and precise snapshot of current market salaries. PayScale's patent-pending real-time profiling technology collects and indexes employee pay attributes worldwide and makes this data available through its online salary tools and salary reports. PayScale was founded in 2002 and is headquartered in Seattle.
Steven Gottlieb, Principal
Gottlieb Group Communications, LLC