PayScale, Inc. today announced the launch of the Meeting Miser (http://www.payscale.com/meeting-miser), a free widget that allows individuals to calculate, in real-time, the salary costs of workplace meetings. The Meeting Miser pulls salary information from the PayScale salary dataset that includes more than 8.5 million unique user profiles worldwide.
The Meeting Miser monitors in real-time the cost of workplace meetings based upon the location and job titles of the meeting attendees. The Meeting Miser helps workers answer the question: Are your meetings worth every penny? To use the Meeting Miser, simply enter your (city) location, job titles of the attendees, hit Start and in real-time the ticker calculates the salary cost of the meeting by pulling the data from PayScaleís database.
ìAs an executive, I think about increasing our companyís productivity constantly,î said Joe Giordano, Founder, PayScale, Inc. ìA complaint one often hears from employees, especially in this knowledge worker economy, is that meetings interfere with productivity. The Meeting Miser is the first productivity calculator of its kind that provides an accurate, real-time snapshot on the compensation dollars an organization spends on meetings.
ìAt Smartsheet, we strive to make status updates more efficient, said Mark Mader, CEO of SmartSheet. ìMeeting Miser is a great way to stay focused on high priority items during meetings because it is that visual reminder that time is money.î
Every day several thousands of people take PayScale's salary survey to compare their pay anonymously with their peers and improve their understanding of the job market.
Historically, the process of determining prevailing salary and wage information has been manual, arduous and prone to error due to lack of detail defining the companies and the jobs being compared. For decades companies have worked with old methodologies, and have difficulty determining the market rates of employees other than on very broad scales. PayScale makes salary information available in real time, with an un-matched level of depth and accuracy.
PayScale has created the concept of anonymously comparing your salary online - in detail - to other real people with similar individual and job characteristics (e.g.., location, company type and size, job, experience, education, skills, and more.) Using an advanced search and proprietary matching technology, PayScale finds a relevant peer group from its data set that matches the user-provided job information. The system allows every user's job profile to be unique and relevant to his/her different job requirements. This creates a level of accuracy that cannot be achieved with traditional methodologies and allows individuals to better understand earning potential.
In August, PayScale unveiled GigZig, the first online search application that allows individuals to explore possible career paths ñ and what each job in the path typically pays today.
PayScale Launches Meeting Cost Calculator
The Meeting Miser tracks, in real-time, salary costs of workplace meetings
