PayScale Partners with Corporate Executive Board to Provide Compensation Data and Analytics Tools to the HR Executive Forum
CEB Members Have Unprecedented Access to Real-Time Salary Data Via PayScale Professional to Help Win War for Talent
Seattle, June 27, 2007 - PayScale, a leader in real-time online compensation data for employers and individuals, and Corporate Executive Board, a leading provider of best practice research and analysis, today announced a partnership so Corporate Executive Board (CEB) can offer PayScale's compensation data as part of a new premium services initiative to its membership of mid-market HR organizations. CEB will work with PayScale to provide PayScale Professional, PayScale's Web-based compensation data solution for the enterprise, to HR Executive Forum members through its Web site. With one of the largest networks of HR executives in the world, CEB will integrate with PayScale to allow thousands of HR professionals access to PayScale's comprehensive collection of salary data to make better informed compensation decisions in order to win the war for talent
"Compensation benchmarking and decision-support are areas of business intelligence with clear benefits to independence and scale. Our partnership with PayScale offers CEB members with access to unbiased information via an innovative technology and data platform that supports a critical work flow for HR professionals" said Thomas L. Monahan, III, chief executive officer of CEB. "CEB members will benefit from the ability to tap into a dataset that is unmatched in its breadth and depth and integrated within the HR Executive Forum Web site."
The pressure for HR professionals to find and retain top talent is more intense than ever and the availability of real-time salary information can be crucial in this war for great employees. In order to obtain top talent, HR Professionals need the tools to sort through hundreds of applications, as well as to create competitive compensation and benefits packages. The partnership between PayScale and CEB demonstrates how access to real-time salary information can help HR professionals and business leaders manage strategic HR initiatives and retain top talent.
"The partnership with CEB is exciting for PayScale as we integrate with member organizations to provide PayScale's data and analytics tools to help HR executives and their staff make informed compensation decisions," said Mike Metzger, chief executive officer of PayScale. "CEB delivers leading best practices research to executives, including information on corporate strategy, operations and general management issues. PayScale is delighted to be selected to provide compensation data to contribute to this list of core management competencies."
PayScale Professional, PayScale's award-winning compensation data service for HR professionals and hiring managers, is now the salary validation backbone for more than 3,500 organizations worldwide. Corporate Executive Board currently serves over 14,000 member executives at over 3,700 large and middle-market companies worldwide, including over 80 percent of the Fortune 500.
About the Corporate Executive Board
The Corporate Executive Board Company (CEB) (Nasdaq/NM: EXBD) is a leading provider of best practices research and analysis focusing on corporate strategy, operations and general management issues. CEB provides its integrated set of services currently to more than 3,700 of the world's largest and most prestigious corporations, including over 80 percent of the Fortune 500. These services are provided primarily on an annual subscription basis and include best practices research studies, executive education seminars, customized research briefs and web-based access to the program content databases and decision support tools.
The HR Executive Forum (HREF) responds to the tactical and strategic needs of HR professionals in mid-market organizations by connecting them with solutions proven by their peers to solve similar challenges. Drawing on the successes of CEB's worldwide HR membership, HREF delivers best practices backed by real-world results. By identifying and providing practical, transferable tactics, strategies and tools, HREF helps members save critical time and money as they address their top priorities.
PayScale.com (www.payscale.com) 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.
For more information, press only:
Corporate Executive Board: Megan Sowder, Corporate Executive Board, 202-777-5000
PayScale, Inc.: Colleen Moffitt, Communique Public Relations, 206-282-4923 x113 firstname.lastname@example.org