Payscale gets $2M in Funding

Posted by Tom Blue on February 5, 2009 under Companies, Investing | Be the First to Comment

Xconomy reported on January 30th that Payscale has received $2M in funding. They provide salary/compensation data to job seekers as well as employers. Although their site has been around since 2002, I have never heard of them. Compete and Quantcast are both showing they get around 1M unique visitors a month. I have a feeling I will test out their services the next time we hire someone. It is a pay service for employers who are trying to find the right salary to offer someone.

As for people evaluating jobs, you can fill out a survey to see what the typical salary is for your position/skillset. I ran a test and was in the range I was expecting. I put in VP of Sales at a Content Management Software company in San Francisco. They have a ton of questions so I am not able to list out every answer I gave, but they were the typical answers that you would find in this position. Anyway, the average salary they returned was a salary of $118,600 with average commission of $70,000. I thought that was about right.