PayScale

PayScale

Compensation data and salary analytics 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

$26.7M

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 subscription-based compensation software that offers current market data and analytics, tools for collaboration in the cloud, and survey management services. This allows HR professionals and business leaders to eliminate guesswork in setting salaries, ensuring they can attract and retain talent with competitive pay. PayScale differentiates itself by offering comprehensive data and analytics tools that support data-driven decision-making in compensation management. The company's goal is to help businesses modernize their compensation strategies, promote pay equity, and enhance employee retention through fair and competitive salary offerings.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for compensation data analytics boosts PayScale's market relevance.
  • Partnerships with HR firms enhance PayScale's market reach and credibility.
  • Proactive pay practices align with PayScale's offerings, driving service demand.

What critics are saying

  • Leadership changes may lead to strategic shifts affecting market position.
  • Intensifying competition could erode PayScale's market share.
  • Economic slowdown may reduce demand for PayScale's services.

What makes PayScale unique

  • 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.

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Funding

Total Funding

$26.7M

Below

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

-1%

1 year growth

-1%

2 year growth

-1%
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

Yahoo Finance
Nov 30th, 2024
Tension Over Return To Office Mandates Portends Coming Battle In 2025

Remote work is either on its way out or companies are vastly underestimating how attached their employees are to working in their slippers.A handful of recent workplace reports reveal the schism.On one hand, there are the strident cries of corporate suits demanding workers return to the office at big companies like Amazon (AMZN) and Starbucks (SBUX), veiled with “brush off your résumé” threats.A recent survey by KPMG reported that roughly 8 in 10 CEOs envision a full return to the office in the next three years vs. 34% who had this prediction earlier this year. And 86% of CEOs “will reward employees who make an effort to come into the office with favorable assignments, raises, or promotions.”On the other hand, flexible work arrangements are crucial to more than 8 in 10 workers, and more than half say they would be willing to turn down a salary increase for more autonomy over when and where they do their job, according to a recent Charles Schwab study.“The evolution of work continues to be defined by flexibility and adaptability,” Ruth Thomas, pay equity strategist at Payscale, told Yahoo Finance. “While return-to-office mandates are gaining traction in some sectors, the enduring appeal of remote work is undeniable.”More than half of workers say they would be willing to turn down a salary increase for more autonomy over when and where they do their job, according to a recent Charles Schwab study.(Getty Creative) · PixelCatchers via Getty ImagesStarting at the topLast week, Elon Musk and Vivek Ramaswamy, whom President-elect Donald Trump named to head the new Department of Government Efficiency (DOGE), joined the chorus and blasted forth about their plan to force federal employees to return to the office in hopes that some will opt to quit instead.“Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome: If federal employees don’t want to show up, American taxpayers shouldn’t pay them for the Covid-era privilege of staying home,” the two wrote in a Wall Street Journal op-ed.How much time federal staffers spend working remotely varies by department, according to an August report from the Office of Management and Budget. The reality, though, is only a fraction of employees work fully remotely.Roughly 2.3 million civilians work for the federal government, according to the OMB report, which looked at 24 agencies that employ about 98% of the federal civilian workforce.Just over half, or 1.2 million, work fully in person since their jobs require them to be physically present. The remaining 1.1 million staffers are eligible to telework

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