PayScale Strengths, Domain Expertise, and Key Differentiators
PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. More than 10,000 customers, from small businesses to Fortune 500 companies, use PayScale to power pay decisions for more than 23 million employees.
PayScale Recent Developments
"In April, 2020, PayScale declared the appointment of Jeff Bailey to Chief Revenue Officer. Bailey will oversee PayScale’s revenue teams, managing all aspects of revenue management as PayScale continues its rapid growth into new market segments with small and medium-sized businesses, as well as large enterprises.
At the beginning of 2020, Payscale hired Adrianna Burrows as their Chief Marketing Officer. Burrows will be responsible for driving all aspects of marketing across PayScale.""""
Creator of the largest database of individual compensation profiles in the world, PayScale provides an immediate and precise snapshot of current market salaries to employees and employers through its online tools and software. PayScale's products are powered by innovative search and query algorithms that dynamically acquire, analyze and aggregate compensation information for millions of individuals in real-time."""
PayScale Mergers and acquisitions (M&A) Activities
"In August 2021, declared the acquisition of CURO Compensation Ltd., a Scotland-based firm that also sells compensation software. The deal comes six months after Payscale merged with Payfactors, another compensation data management company. Nearly all 50 employees at CURO will join Payscale, which now serves 10,000 customers and more than half of the Fortune 500.
In March 2021, Seattle-based compensation data and technology company PayScale is merging with Payfactors, a compensation data management company based in the Boston area, joining forces in a new effort to capitalize on growing demand from corporate leaders grappling with issues of employee pay equity and remote work. The combined company will be majority-owned by private equity firm Francisco Partners, based in San Francisco, which has been PayScale’s majority owner since April 2019. The companies together have more than 600 employees and 10,000 customers, Torrey said. The company will be based in Seattle and retain the PayScale name. Torrey, an SAP Concur veteran who has been PayScale’s CEO since August 2019, will remain in that role.
Francisco Partners acquired a majority of PayScale Inc in a deal valued at $325 million. "
PayScale Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PayScale applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of PayScale and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified PayScale Insight, customers.
Ownership: - Francisco Partners
Number of Employees: 650
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Professional Services, Retail, Utilites,
PayScale Key Cloud and HCM Applications
PayScale HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
PayScale Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
PayScale HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
PayScale HCM Applications Revenues By Verticals, $M:
PayScale Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 HCM Applications Revenues, $M|
PayScale Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
PayScale Customers - Breakdown by Geo, Size, Vertical and Product
No. of PayScale Customers: 10000
No. of PayScale HCM Applications Customers: x
No. of PayScale Cloud HCM Customers: x
No. of PayScale Cloud HCM Subscribers: x
PayScale has 10000 customers including: godaddy.com, zappos.com, Bosch, Bloomberg, Wendy's, The New York Times, UnitedHealth Group, Seattle Marines, Sunsweet, Baylor University, Futaba, Perry Ellis and many more.
PayScale Market Opportunities, M&A and Geo Expansions
"In October 2020, released Data Marketplace, an AI-powered recommendation engine that uses machine learning to suggest salary survey data to users based on their information and behavior. Data Marketplace will enable users to purchase salary survey data from select third-party partners directly within MarketPay. PayScale’s Data Marketplace will be trialed with select customers in 2020 with an official launch in 2021.
Data-informed discussions about compensation benefit both employers and employees and that greater pay transparency promotes equity, engagement, and employee retention.
Data-informed discussions about compensation benefit both employers and employees and that greater pay transparency promotes equity, engagement, and employee retention."
PayScale Risks and Challenges
The compensation apps market has evolved and it remains to be seen whether compensation specialists are still willing to pay a premium for salary data that are widely disseminated over the Internet and sites like Glassdoor.
PayScale Ecosystem, Partners, Resellers and SI
In October 2021, Payscale strengthens commitment to pay equity through growing ecosystem; Adds Aon to network. In the same month, Payscale announced, at the company’s annual Compference event, that they are the latest founding partner of Angel City Football Club. As the club’s official compensation management partner, Payscale will work with ACFC’s leadership team to provide essential tools, data, and resources to level the playing field and support equitable compensation.
In 2018, PayScale announced its new office in Louisville, KY. The new office, together with its headquarters in Seattle, WA, and offices in Denver, CO, and Cary, NC, provides PayScale with a presence in four cities, supporting its 440 employees nationwide. Mostly direct sales, but their strategic and technology partners are Mercer, Bamboo HR, and HRTMS.
PayScale Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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