Backstory: We're having a compensation study done at work for everyone in the company. It's a long task and it takes an outsourced team to pull in all the correct data.
The Idea: A pay compensation report as a service.
Deep Dive: You would build a platform for a business owner to enter in a bunch of data including location, market, employee job titles, years of experience and any other data you can think of. You would take this data and return a full report including pay scales and compensation options for every position.
As this gains traction you can start leveraging your existing data to produce more accurate and fast results. This would be slightly manual in the beginning.
Validation: The main way to get a full study is a manual, contracted out process.
Monetization: You could charge a per seat fee to get started and then an additional fee for each additional employee added.