PayScale another organizational secret out

Techcrunch blogs about payscale a new service in Seattle that helps people with salary information.

Users go through a process of disclosing detailed information about their job function and compensation, and add it to what PayScale says is the “world’s largest database of salary information” (300,000 new profiles are added each month). The user can then access detailed salary information in the database, including custom reports based on salary, bonus, commission, hourly rates, health and vacation benefits.

The basic service is free, and Payscale generates revenue by upselling users to premium accounts and selling access to aggregate data to third parties.

So wonder when PayScale will have an Indian version. Or will others take the lead? I had earlier blogged about Paycheck, but have no idea about how they are doing now.