PayScale and Spectrum Form Alliance to Deliver Real-Time Compensation
Benchmarking Solution to HR Professionals
iVantage HRIS to Provide Integrated Market Salary Data
Seattle and Denver, May 1, 2007 - PayScale, a leader in real-time online compensation data for employers and individuals, and Spectrum Human Resource Systems Corp., a leading provider of human resource information systems, today announced an alliance to provide comprehensive workforce management solutions and compensation tools to their customers. As part of this agreement, Spectrum Human Resource Systems will work with PayScale to integrate PayScale's compensation data into its iVantage product. The combined solution will enable HR professionals to quickly compare their company's job bands against current, real-time market salary data.
"We are excited about this alliance with market-leading PayScale," said Sybll Romley, president and CEO of Spectrum Human Resource Systems Corp. "We believe our customers will benefit significantly by being able to quickly and easily evaluate compensation data against real-time market information directly from the iVantage system."
"Given changes in the marketplace, it is becoming increasingly important for organizations to have instantaneous access to real-time salary data in order to more effectively manage their business and workforce," said Mike Hayes, vice president of PayScale Business Solutions. "We believe this integrated solution will directly map to those needs. PayScale is thrilled to align with Spectrum to deliver best-in-class compensation data technology to HR professionals via one of the most intuitive HRIS solutions on the market."
PayScale Professional, PayScale's award-winning compensation data service for HR professionals and hiring managers, is the salary validation backbone for more than 2,000 organizations worldwide. Spectrum Human Resource Systems Corp. currently serves nearly 5,000 public and private sector companies throughout the United States and internationally.
About Spectrum Human Resource Systems Corp.
Spectrum is a leading provider of high functionality HR and workforce management software. As a full system and service provider, Spectrum delivers the full range of product-related services including system planning, implementation, training, system customization, data conversion and system consulting. Headquartered in Denver, Colorado, Spectrum can be reached at 800-477-3287 or at www.spectrumhr.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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