HR management firm Comparably has announced that it is launching a new platform for employment and compensation information designed to help people find out if their salary is competitive compared to their peers in the industry with similar experience levels.
The Santa Monica-based company's goal is to provide employees with data on the pay gap between male and female workers across various job titles. Wage discrepancy has been a concern in everyone's mind, but a difficult topic to discuss with other people, according to Jason Nazar, co-founder and CEO of Comparably.
"Our vision is to make work dramatically better for millions of employees and companies by demystifying compensation and culture," Nazar says.
"You'll finally be able to reliably see how much money you should be making and what experience your peers are having at work."
Comparably's platform not only brings transparency to the employees' pay, but it also does the same for the culture in the workplace.
To use the new resource, workers can send in different information about their work, such as their pay, work experience and even the size and location of the company they work for, to Comparably. This is done anonymously to protect the employee's identity.
People can then check Comparably's website to find out where they rank in comparison to other employees with the same position and work experience in the industry.
This makes it easier to see just how much different the pay of an engineer in San Francisco is compared to one who is working in Los Angeles, or if a female employee is paid less compared to a male employee despite having the same position.
The new platform can also benefit growing companies, especially startups, who want to know the difference in compensation given to operations people based on the size of the company.
Aside from providing information on employee compensation, Comparably also offers an assessment of how workers feel about the company they are working for in order determine their happiness.
Comparably's website features various quizzes pertaining to company culture, ranging from opportunities for career development to how frequent employees are given raises. After answering the questions, a score is presented to the employee representing just how satisfied he or she is with work.
Photo: David Goehring | Flickr
