Emolument hits global growth milestones, surpassing 100,000 users
London, UK – 13th October 2015 – Emolument, the leading crowdsourced salary and pay data website, is excited to announce that over 100,000 users from over 133 countries now use Emolument to benchmark their salary.
Having expanded from exclusively covering the financial sector, Emolument provides pay transparency about what professionals really earn to help them make more informed career decisions for roles ranging from consultants and nurses to airline pilots and lawyers. Emolument users access 100% free and anonymous salary statistics about their job and more recently new functionality allows benchmarking against universities and specific employers.
The Emolument user:
Annual salary of £89,000
Works in Financial Services (39% of users)
Is between 24 and 35 years old (50% of users)
Lives in the UK (34% of users)
Is male (60% of users)
The company was co-founded in 2012 by three French entrepreneurs: Thomas Drewry, Olivier Beau de Lomenie and Alice Leguay. Emolument recently announced that it had completed a new round of funding in July raising a total of $1.4 million from 10 angel investors.
Alice Leguay from Emolument commented: “This is an exciting milestone, bringing us even closer to our goal of starting a transparency revolution across all sectors. Most employees have very little visibility of their pay landscape beyond anecdotal evidence through awkward conversations with colleagues and friends. This lack of transparency is outdated in an age where social networks and professional tools empower employees to manage their careers like never before. We are the missing piece of the puzzle, giving users the power and information to negotiate fair pay and make career decisions.”
Emolument has recently formalised its partnership with global professional services recruiter recruitment firm Morgan McKinley. “Our formal partnership with Emolument ensures that Morgan McKinley’s market insight reports continue to benefit from Emolument’s real-time salary information and moving forward we will collaborate on a host of other joint content including Morgan McKinley’s annual salary surveys. In addition, in the very near future we’ll be looking to offer all our website visitors the chance to benchmark their salary on our sites through the technology provided by Emolument. This benchmarking tool coupled with the enhanced market reports we can provide to our customers is invaluable” said Gerald Fitzgerald, COO at Morgan McKinley.