'Paysa' is a new platform that helps employees tackle difficult salary negotiations. Because discussing one's salary is still largely taboo, few people know what others are earning. This can make it difficult for employees to negotiate a raise when they have little information about their market value.
Paysa provides a solution for handling salary negotiations by providing consumers with the information they need. The platform was designed by Chris Bolte, who "wanted to figure out how to help people better understand what their value is in the market." The platform achieves this feat by providing employees with market salary data. Users simply plug in information such as their job title, years of experience and education level and Paysa will instantly produce a graphic detailing the individual's market value.
Paysa is likely to appeal to younger consumers who may have little experience negotiating their salary or asking for a raise.
Salary-Negotiating Tools
This Platform Helps Employees Tackle Tricky Salary Negotiations
Trend Themes
1. Salary Transparency - A trend towards salary transparency is emerging as more platforms like Paysa are developed to help employees better understand their market value and negotiate their salaries.
2. Personalized Data Analytics - The advent of platforms like Paysa represents a growth opportunity for personalized data analytics tools that aim to help individuals better understand their market value and take control of their salaries.
3. Empowering Employees - The success of platforms like Paysa could foster a trend towards empowering employees to take ownership of their salaries and demand greater transparency from employers in the negotiation process.
Industry Implications
1. Human Resources - Paysa's salary-negotiating platform represents a potential disruptive innovation opportunity for the human resources industry, which could leverage similar tools to empower employees and attract top talent.
2. Data Analytics - The development of platforms like Paysa could represent a significant growth opportunity for the data analytics industry, which could leverage personalized analytics tools to help individuals negotiate their salaries and understand their market value.
3. Career Development - Paysa's platform could create opportunities for the career development industry to design training programs that prepare employees to negotiate their salaries and make informed career decisions based on market value.