Paysa is a personalized career platform whose goal is to enable employees to optimize the value of their careers, across the full career arc.
We do this by providing Paysa users with personalized and actionable tools, insights, and research so that they can understand what they are actually worth in the market today, and how to meet or exceed their worth.
Leveraging its massive data sets of jobs, employee profiles, and compensation data points, plus utilizing its proprietary machine learning algorithms, Paysa calculates an employee’s total Paysa Market Salary. Users can break down the total market salary across base, bonus, equity and sign-on. They can dig into each component to understand what drives it at the most granular level – for example, an engineer at Google may be paid a higher base salary with a lower equity grant while a similar engineer at Uber would have a much higher equity grant than base salary given the stage of the businesses or specific skills.
Then, Paysa Explore gives users the ability to research the market to discover:
-New skills that could increase their value
-What their salary will likely be at other companies and the likelihood that they could get that job
-What it would look like if they moved to another location – what jobs are available and what they would be paid and how that looks with the cost of living adjustment
-What people like them are making at other companies
Finally, Paysa enables users to meet or exceed their market value via Paysa Jobs, one of the unique tools aimed at the job market today. Users can set alerts on the what market salary they would like to achieve. Based on their profile, Paysa Jobs scours the internet for all jobs posted that relate to their profile, and deliver a personalized list to the user’s Inbox, with their market salary at that job calculated for them. There is nothing like this in the market today that gives users the ability to actually understand what their market salary would be at a new job.
Both the Paysa Explore and the Paysa Jobs require the user to input their current actual salary into the tool. This data is used to update the machine learning models that Paysa has built based on the data they have.
The product has several other tools being built in the pipeline that will allow our users to not only understand and achieve their own market salaries, but also compare their market salary in the context of the school they went to, to their current employer, to their location, neighborhood etc. In addition, the team has plans to expand into other verticals and also other countries outside the US in the very near future.