PayScale

PayScale

Compensation data and software provider

About PayScale

Simplify's Rating
Why PayScale is rated
B
Rated C on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

501-1,000

Company Stage

Acquired

Total Funding

$133.4M

Headquarters

Seattle, Washington

Founded

2002

Overview

PayScale provides compensation data and software 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 participation. These tools assist HR professionals, compensation managers, and business leaders in ensuring competitive and fair pay practices. PayScale operates on a subscription model, allowing clients access to comprehensive compensation data and resources to stay updated on trends. The company's goal is to help businesses modernize their compensation strategies, promote pay equity, and retain top talent by offering competitive salaries.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for pay transparency tools boosts PayScale's market opportunities.
  • Remote work trends highlight the need for PayScale's tailored compensation solutions.
  • New Chief Customer Officer may enhance client engagement and satisfaction.

What critics are saying

  • Alex Hart's departure may lead to strategic shifts in the market.
  • Pay transparency laws could increase operational costs for PayScale.
  • Economic uncertainty may reduce demand for PayScale's services.

What makes PayScale unique

  • PayScale uses big data and unique algorithms for advanced compensation solutions.
  • Over 8,000 clients, including Fortune 500 companies, rely on PayScale's services.
  • PayScale offers subscription-based software with robust analytics and market data.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$133.4M

Above

Industry Average

Funded Over

6 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Flexible PTO

Employee assistance plan

FSA

Company matched & vested 401K

Medical, dental, & vision

Generous parental leave

Onsite training & classes

Life & disability insurance

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Apr 5th, 2025
Pay Transparency Laws Land In More States As Raises Slump

Fewer employers plan to sweeten salaries this year, and remote work continues to face headwinds, but there’s one glimmer of light for workers and job seekers: Pay transparency laws are ramping up in more states. A wide-ranging new study from Payscale examining compensation and employment trends across industries suggests lower expectations are in order for workers seeking raises and remote work. The number of organizations planning to give base pay bumps this year has dipped — 6% of employers say they’re cutting pay increases entirely, roughly 2 in 10 are scaling back raises, and 14% are downsizing salary offers, according to the report. The researchers said, “Between the precarious economy, increased employer power in the labor market, and a heated political climate, organizations have been grappling with increased tensions when it comes to compensation. There’s an expectation to reduce compensation costs while economic conditions are uncertain.” Those companies who are doling out raises say they will hike salaries by an average of 3.5% this year, compared to 3.8% in 2024 and 4.8% in 2023 — which was the highest level in two decades. For all of you clinging to your home office (or couch), more than 4 in 10 employers have mandated return-to-office policies this year

PYMNTS
Mar 4th, 2025
Payroll Data Firm Resnav Names Payscale'S Alex Hart Ceo

Payroll data management firm ResNav Solutions has named a new chief executive. ResNav has chosen Alex Hart, most recently CEO of compensation software firm Payscale, as its new CEO, the company announced in a Tuesday (March 4) press release. He replaces founder Dan Shaughnessy, who will remain as a board member and “significant shareholder” in the Massachusetts-based company

PYMNTS
Mar 4th, 2025
Payroll Data Firm Resnav Names Payscale’S Alex Hart Ceo

Payroll data management firm ResNav Solutions has named a new chief executive. ResNav has chosen Alex Hart, most recently CEO of compensation software firm Payscale, as its new CEO, the company announced in a Tuesday (March 4) press release. He replaces founder Dan Shaughnessy, who will remain as a board member and “significant shareholder” in the Massachusetts-based company

Yahoo Finance
Jan 11th, 2025
What You Need To Know To Get Hired In 2025

The go-go hiring days of 2022 and 2023, when there were nearly two job openings for every jobseeker, are in the rearview mirror. But there are plenty of jobs out there in 2025.New data from the Bureau of Labor Statistics telegraphs guarded optimism for an uptick in hiring in the months ahead. The economy added 256,000 jobs in December, the Labor Department reported on Friday, beating expectations. The unemployment rate edged down to 4.1%.While it’s early in the new year, confidence from business leaders could translate into a boost in hiring in the months ahead.I reached out to a handful of experts for their insights on what this all means to job seekers and the best ways to navigate the hiring landscape.“Landing a job today is likely noticeably more difficult and time-consuming than it was in 2022,” Cory Stahle, a labor economist at Indeed Hiring Lab, told Yahoo Finance. “But we're going into a job market where there are a lot of opportunities still available.”Where the jobs areDemand is high for healthcare, construction, government, and manufacturing workers, while white-collar positions in finance and tech — such as software development and data science, marketing, and professional services — are a tougher grind to land, Stahle said.There are also hot jobs debuting that you might not have thought about. Six in 10 of LinkedIn’s “Jobs on the Rise” showcase “the evolving world of work and emerging opportunities that job seekers may not have considered before.” The list tracks the fastest-growing positions.The positions include artificial intelligence engineer, artificial intelligence consultant, and physical therapist

PR Newswire
Dec 13th, 2024
Top-Ranked University'S Research Facilities Set To Nest At New Jersey Life Sciences Campus

New Jersey Institute of Technology will propel life science innovation forward at the Northeast Science and Technology Center. KENILWORTH, N.J., Dec. 13, 2024 /PRNewswire/ -- The Northeast Science and Technology (NEST) Center today announced New Jersey Institute of Technology (NJIT) as its first academic partner at the campus, marking a significant milestone in the creation of a life science, technology, and pharmaceutical research hub. The university plans to establish the NJIT @ NEST Center for Translational Research with the goal of expanding upon its track record of translating fundamental research into products and services that benefit humanity

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