Seattle, May 1, 2007 - PayScale.com today announced that it has surpassed 7 million unique profiles and over 3,000 business customers.
"More and more individuals and organizations see the strategic difference PayScale data can make in their information gathering and decision process. Our rapidly expanding data set of salary intelligence combined with proprietary technology provides real-time, profile-based compensation information on a large scale," said Mike Metzger, chief executive officer, PayScale. "The topic of pay is both deeply personal to employees and a large and critical expense for businesses. With over 50M people searching online for jobs each month, this category has high growth potential."
PayScale has launched the concept of anonymously comparing your salary online – in detail - to other real people with similar individual and 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.
PayScale Professional, PayScale’s award-winning compensation data service for HR professionals and hiring managers, is a primary salary validator for more than 3,000 organizations worldwide.
Additionally, a broad range of technology-savvy companies, Human Resources service providers and Human Resources Outsourcing (HRO) organizations have selected PayScale as their partner for real-time compensation information. AllBusiness.com, Halogen, HCR Software, Interthinx, Softscape, Spectrum HR, and TriNet are among the companies poised to reap strategic and operational advantages as a result of their decision to utilize PayScale's industry-leading salary database.
"PayScale is changing the dynamics in the salary sector, both in terms of information collection and business model. On a daily basis PayScale collects more data points of salary information than many traditional yearly or quarterly salary surveys," said HR.com Chief Executive Officer, Debbie McGrath. "PayScale has a multi-faceted business model that shows employee-submitted salary information is accurate and of significant value to employers."
PayScale.com (www.payscale.com) is the world largest ongoing salary survey. The company is located in Seattle, Washington. Its partners also include Careerbuilder, SimplyHired, Jobster and others.
Steven Gottlieb, Principal
Gottlieb Group Communications, LLC