PayScale uses fresh data and smart software to construct and manage your comp strategy, while creating a culture of transparency by empowering managers to communicate pay with employees.
Since 2002, PayScale has built and optimized the largest salary database in the world. This database is monitored and maintained by a team of data scientists who collect, clean, and validate millions of pieces of data on an ongoing basis to ensure you have the most up to date information.
On July 11, 2017, Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (NYSE: MMC), and PayScale, the leading provider of compensation management software and real-time salary data, announced they have formed a strategic alliance to bring together Mercer’s expertise in compensation consulting and information products with PayScale’s strength in technology and data science to advance compensation data and software solutions for clients and the future workforce.
PayScale leverages employee submitted data and a proprietary algorithm giving organizations the ability to benchmark their positions based on fresh market data. PayScale has the world’s largest salary database allowing organizations to use big data to tackle compensation in a modern, business focused way.