FAQs - WageScape

Where does WageScape data come from?

• WageScape utilizes data from publicly available sources across the web, including aggregated job boards. WageScape adds 24.5 million publicly available job postings with employer reported salary ranges every month. By scanning the internet and aggregating information from publicly available job listings, they compile a vast dataset that represents the entire job market.

How is WageScape data validated?

• WageScape utilizes several methodologies to validate the data and remove jobs that are outliers, inaccurate postings, duplicates and jobs with estimated pay ranges. WageScape data comes straight from the source, so it is as accurate as the data advertised by employers and you can review each data point exactly as it was originally posted.

Does WageScape have every job posting?

• WageScape is made up of millions of individual data points and adds over 24.5 millions jobs each month. That’s more job data salary surveys have, however the data in WageScape still remains a sample of the market, and not every job posting is going to be captured by, for a variety of reasons ranging from quality checks to data collection processes they employ.

What data (i.e., predictors for salary) are used in WageScape.AI model?

• The WageScape AI model is trained on multiple parameters, but those with the highest level of influence are role, location, company, and industry. The models are trained using prior 6 months data when sufficient data exists, and the last 12 months if required due to lower sample counts.

How does WageScape track subsidiaries after M&A events? Does it retroactively classify subsidiaries under the parent company, or maintain separate records?

• Where subsidiaries are known for a company, WageScape displays a company as a parent in the company_parent. They do not retroactively assign parents to companies for data previously collected before the transaction.

What is the general coverage of these data?

• Regarding coverage, the data is basically representative of the economy overall. There may be some specific, highly specialized roles from smaller companies that are not captured, but in general there's pretty solid representation across all industries/geographies/jobs/etc.