PayScale Signs On HR and Technology Industry Veteran
New VP of Business Solutions will drive company’s entry into HR and employer market; Move solidifies leading salary resource position
SEATTLE, March 23, 2006 – PayScale, a market leader in online salary, compensation and benefits information, today announced the addition of Michael Hayes, Vice President, Business Solutions. Also joining the company is technology and new media veteran Jeff Fessler, as Director of Business Development.
Hayes will lead and oversee all aspects of PayScale’s business to business product line, PayScale Professional. PayScale Professional captures personal profiles of millions of employees each year and offers a unique search platform to enable salary comparisons with actual profile matches based on skills, length of service and more. Because Payscale collects user generated data, subsequent profile matches allow HR managers to work with colleagues and prospects to highlight peer group compensation, provide defensible benchmarks, and allow for fair negotiations between employer and employee. The product serves to more strategically support an organization’s salary structure, hiring plans, and business forecasting.
Hayes comes to PayScale from Ascentis where he was responsible for all aspects of the company’s sales and marketing strategy and execution. While at Ascentis, he established HROffice as the de facto standard for independent payroll Service bureaus. Prior to Ascentis, Mr. Hayes was the CEO of uRreal. He also served as VP of Marketing at Sequel Technology where he helped lead the company to a leadership position in the emerging space of Business Oriented Network Management products.
“PayScale is on the front edge of redefining how HR professionals can more strategically utilize accurate and real-time compensation intelligence,” said Hayes. “The company’s innovative use of technology, tightly defined data collection methodology, and informed view about the HR industry has put the company in solid position to become the go-to salary and compensation source.”
“Michael Hayes brings to PayScale an unparalleled understanding about the intersection of technology and HR,” said Michael Metzger, CEO of PayScale. “As we aggressively move towards the business to business market, Michael will spearhead PayScale’s efforts to become the de facto salary and compensation outlet for HR professionals and employers.”
As the Director of Business Development, Fessler will play a central role in PayScale’s effort to create business relationships with leading online workforce, job and labor companies as well as help build strategic technology relationships.
Previously, Mr. Fessler led the business development efforts for Video Professor, focusing on partnerships with leading internet companies such as AOL, EarthLink and Amazon.com. Prior to Video Professor, he was Vice President of Business Development for Singingfish which was acquired by Thomson Multimedia. He was responsible for worldwide sales and business development efforts, successfully closing agreements with RealNetworks, Toshiba and InfoSpace among others.
PayScale hosts the largest ongoing compensation survey in the world. In exchange for a report detailing how his/her compensation compares to others in the market, individuals submit detailed, anonymous information about their jobs and workplaces. PayScale’s methodology is based on best practice standards set by the industry. The algorithm used to analyze the data is unique to PayScale. Once submitted to PayScale, every profile undergoes up to 20 tests to check for validity.
PayScale (www.payscale.com) is a market leader in online compensation and benefit information, providing access to accurate compensation data for both employees and employers. With the ability never before available for uniquely matching job and company specific attributes, PayScale allows users to obtain an unparalleled level of compensation information, providing a precise snapshot of current market pay. The Company provides real-time pay information for employees and businesses across the globe. Launched in 2002 and headquartered in Seattle, Washington, PayScale owns the largest online database of employee salary information in the world and has a patent pending methodology for compiling and aggregating compensation data.
Zeno Group (for PayScale)