PayScale

Compensation data and salary analytics provider

Seattle, Washington, United States

About PayScale

PayScale provides compensation data and software solutions to help organizations make informed pay decisions for over 23 million employees. Their products include compensation software that offers current market data and analytics, cloud-based collaboration tools, and survey management services. These tools assist HR professionals and business leaders in establishing competitive and fair pay practices, which are essential for attracting and retaining talent. PayScale differentiates itself from competitors by focusing on subscription-based access to comprehensive compensation data and analytics, enabling clients to make data-driven decisions. The company's goal is to modernize compensation strategies, promote pay equity, and support businesses in achieving their overall objectives through effective salary management.

Seattle, WashingtonHeadquarters
2002Year Founded
$26.7MTotal Funding
ACQUISITIONCompany Stage
Data & Analytics, Enterprise SoftwareIndustries
501-1,000Employees

Benefits

Flexible PTO
Employee assistance plan
FSA
Company matched & vested 401K
Medical, dental, & vision
Generous parental leave
Onsite training & classes
Life & disability insurance

Risks

Pressure to enhance data accuracy due to increased demand for pay transparency.
Shift towards remote work challenges traditional compensation models.
Rise of AI in HR processes increases competition for PayScale.

Differentiation

PayScale pioneered big data and matching algorithms for compensation platforms.
Over 8,000 clients, including Fortune 500 companies, use PayScale's services.
PayScale offers subscription-based software solutions with robust analytics and market data.

Upsides

Increased demand for compensation data due to remote work trends.
Growing interest in pay transparency and equity as a differentiator for companies.
Partnerships with educational institutions enhance brand visibility.

Funding

Total raised$26.75 M
Latest valuation$100.00 M
StageACQUISITION