PayScale Launches Latest Version of Insight, adds 2,000th Customer
PayScale's job-pricing and compensation planning software for midmarket companies includes access to PayScale's database of salary profiles, helps professionals be smart and strategic in their compensation plans
Seattle - January 17, 2012 - PayScale, Inc., the leader in real-time salary information, announced immediate availability of the latest version of PayScale Insight, its on-demand software for midmarket companies. Insight helps to create and manage talent-winning compensation programs. PayScale finished 2011 with over 2,000 active corporate subscribers using its compensation solution.
"This is a significant product release for us," said Dave Smith, Chief Revenue Officer of PayScale. "We're responding to feedback from our customers, and providing a brand new way for managers and executives to make strategic HR and Compensations decisions and to manage the annual review and raise process."
Adds Smith: "There are signs that the economy is stabilizing and the job market improving. Whether that continues or not, PayScale Insight will help managers and executives take advantage of new opportunities to attract and retain talent."
PayScale Insight Winter 2012 includes:
Raise Recommender - provides a set of easy to use tools to build a merit matrix and to allocate a pool of money easily across multiple departments in line with an organization's business objectives
Spotlight - a new dashboard pane that points out specific compensation 'hot spots' in your company and your market. For example, using the PayScale database and your company information, it will mine and highlight potential problem areas such as the employees in your company who are paid above their current job salary range, or the employees who are compensated significantly below market salary ranges in your city. These insights will help managers and executives act to retain and incent the talent in their organizations.
New User Experience - this version of Insight includes a modernization of the user experience and navigation. Customer focus groups helped define and test the new experience that includes updated options for navigation and the introduction of new, streamlined dashboard panes.
New PayScale Insight customer Wickenburg Community Hospital in Wickenburg, Arizona, uses PayScale to manage its compensation programs. "Pay is an important component in attracting and retaining talent in the health care industry," said Bill Horn, HR Director at Wickenburg Community Hospital. "PayScale makes it much easier to know where market pay is going for all of our positions, so that we can make informed decisions about compensation."
PayScale.com (www.payscale.com) is the leading online provider of employee compensation data. With the world's largest database of individual compensation profiles, PayScale provides an immediate and precise snapshot of current market salaries to employees and employers. PayScale's patent-pending, real-time profiling technology collects and indexes employee pay attributes worldwide and makes this compensation data available through its online salary tools. Publisher of the quarterly PayScale Index™, PayScale's compensation software products include PayScale MarketRate™ and PayScale Insight™. Among PayScale's 2,200 corporate customers are organizations small and large across industries including Zappos, Volunteers of America and Manpower. For more information, visit www.payscale.com.