The startup develops salary calculation software that employs algorithms and machine learning to aggregate and analyze employer-reported compensation data. This platform enables clients to access accurate salary information, enhancing their ability to make informed compensation decisions.
Funding
$920K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations lack access to real-time, accurate compensation data, hindering their ability to make informed decisions regarding talent acquisition, retention, and resource allocation. This lack of transparency can lead to misinformed talent strategies and difficulty in maintaining a competitive edge in the labor market.
Solution
Salary Board is a data-as-a-service (DaaS) platform that provides real-time labor market insights, enabling recruiters, employers, and professionals to research and compare market pay rates, as well as supply and demand dynamics. The platform aggregates and analyzes employer-reported compensation data, offering a comprehensive view of the talent landscape. By leveraging a proprietary knowledge graph that connects people's skills, work experience, and employers, Salary Board empowers users to answer critical talent questions, such as where companies hire from, the hiring demand for specific roles, and the impact of responsibilities on compensation. The platform offers tailored solutions for employers, recruiters, and employees, providing the data and tools necessary to optimize talent strategies and make informed career decisions.
Target Audience
Salary Board serves employers seeking to optimize resource allocation and compensation management, recruiters aiming to identify new opportunities and advise clients, and individual employees looking to understand their market worth.
Features
- Real-time compensation data across 200+ job functions and 147 industries
- Market supply and demand indicators to understand the ease or difficulty in filling roles
- Company-specific talent metrics, including retention and recruiting data
- A proprietary knowledge graph that maps the labor force, connecting skills, experience, and employers
- Solutions tailored for recruiters, employers, and individual employees
- Integration with 30+ HRIS systems
- Candidate sourcing tools for recruiters, including job post analysis and a Market Watch newsletter
- Personalized salary reports for employees, benchmarking pay and responsibilities