Waze for careers, the new Paysa technology uses machine learning and data science across Paysa’s massive data sets of job, resumes, companies and salaries to help people navigate their way to greater earnings and career potential. As a result, Paysa gives employees full awareness of whether or not they are on track towards achieving their short term and long term career, salary and lifestyle aspirations.
Paysa’s advanced AI engine is an example of just how modern artificial intelligence is being used to improve people’s lives. Underscoring this, Paysa users are getting, on average, 20 percent more income through a raise or new job enabled by its suite of AI based applications that arm the employee with actionable career options. For a software engineer, this translates to around $23,000.00 or more per year, in average compensation, for example.
Paysa is always on, taking in a vast amount of data surrounding the labor market, uniquely distilling relevant points of information that are personalised to each unique user. People then have a more holistic view of their progress and can be informed and armed with actionable insights. Knowing what steps to take in order to get that 20 percent (or more) increase in pay, could mean a huge difference in affording a home, saving for college, planning for retirement and enjoying a higher standard of living overall.
“Our goal is to empower the individual to manage and optimise their career through Paysa’s artificial intelligence and data science,” said Chris Bolte, CEO and co-founder of Paysa. “Analysing data points from millions of others’ unique, personal career experiences, Paysa’s artificial intelligence technology acts like a seasoned career agent by your side, 24-7. Paysa gives employees back their power to attain the income and career opportunities they deserve.”
Bolte added, “You, as an employee, can now see this change in your market value in a matter of days, weeks or months – not years. To make this happen, Paysa recommends the next optimal step to get there.”
Paysa’s advanced artificial intelligence engine, always looking out for the user, provides recommendations around jobs that best map to that person’s education, skills, experience, compensation and cultural fit. The platform guides you to know when you should get a promotion, a raise, or even add new skills to your resume. Paysa never sleeps, always analysing the fluid job market and offering insights and recommendations around what actions to take in order to optimise career and earnings potential. By adding these types of in-depth career insights to the mix, people can make more informed, data driven decisions.
Using Paysa’s fully embedded artificial intelligence framework, users can even more precisely chart their way to a promotion or job move. Individuals can access answers to future-looking questions like:
● When should I expect a promotion?
● What position can I expect to be promoted to?
● How much will I earn along a sequence of roles in a company over three to seven years?
● How likely is it that I will get promoted?
● How much will I make in my next position?
● What can I do to improve my likelihood of getting promoted?
● Is there an alternative scenario outside of this company that will be better for me and my family?
A software engineer and Paysa user from Marlborough, MA, said: “Paysa provided me with the confidence to negotiate an initial offer that was higher, based on the salary history and range for my position. I especially liked Paysa’s data around the average amount of time stayed at the company and average time for promotion. I started the offer negotiation process with a high “target” total compensation number based on the information I got at Paysa. Even though the salary that the employer and I eventually settled on was lower, Paysa’s data gave me the confidence to ask for more in all compensation categories. I got a 31 percent salary increase.”