PayScale and HCR Software Solutions Team Up to Deliver a Comprehensive Compensation Solution for the Mid-Market
Salary Data Leader Joins Forces with Pay-for-Performance Software Provider to provide customers with complete talent management platform
Seattle and Rochelle Park, N.J., April 24, 2007 - PayScale, a leader in real-time online compensation data for employers and individuals, today announced that the company has formed a marketing alliance with HCR Software Solutions, LLC (HCR), a software company specializing in Employee Performance and Compensation management solutions.
PayScale and HCR both offer solution suites comprised of products that are easy-to-configure and easy-to-use, providing automation of business-critical functions: validating the appropriate salary range for employees or open positions, aligning employee pay with performance and ensuring employee performance supports organizational goals. PayScale Professional is the salary validation backbone for more than 2,000 organizations worldwide and maintains the largest salary database in the world. PayScale enables organizations to validate pay structure by organization location, size, and industry - reporting on variables that influence pay such as experience level, education, workplace skills, and certifications. HCR's software suite includes CompensationXL for compensation management and PerformanceXL for performance management.
Jamie Davis, vice president of business development for HCR stated, "As we continue to expand our offerings and services, HCR Software Solutions is forging ahead with creating alliances that add value to customers. By aligning with PayScale, the mid-market leader of online salary validation, we not only make our solutions available to their impressive clientele, but our customers will also benefit from the automation that PayScale can bring to their compensation analysis."
"We look forward to working with HCR to further expand PayScale Professional's adoption and success in the mid-market," commented Mike Hayes, vice president of PayScale Business Solutions. "Together, we provide organizations with best-in-breed products and services to help them maintain their competitive edge by retaining talent."
To celebrate the partnership, HCR and PayScale are teaming up to provide a one-time give-away of an annual subscription to PayScale Professional worth up to $10,000. This subscription will be raffled off at the upcoming WorldatWork Total Rewards Conference & Exhibition, May 6 - 9, 2007 in Orlando, Florida. To enter the raffle, visit HCR Software Solutions at booth #212.
About HCR Software Solutions
Headquartered in Rochelle Park, N.J., HCR Software Solutions' breakthrough applications, CompensationXL and PerformanceXL, help organizations align employee performance with overall business objectives. The Company prides itself on its solid customer references, flexibility in meeting customer requirements and a unique approach to technology that maximizes business impact and minimizes change management challenges. More information can be accessed at http://www.hcrss.com/.
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.
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Jamie Davis, Vice President, Business Development
HCR Software Solutions
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