HR-aggregated market data you can trust
The right compensation strategy starts with the right data. Payfactors Market Data is a survey of surveys utilizing data from over 400 purchased surveys with compensation market ranges for more than 6,000 benchmarked jobs to help compensation professionals make pay decisions for their organizations.
No survey participation required
With Payfactors, you get access to a pre-built composite of third-party survey data inexpensively, with no participation required. Our mission is to take care of the back-end data tasks and put technology to work to assist you in finding the right salary data to benchmark your jobs, freeing up your time so you can focus on strategic decisions about pay.
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Robust data coverage
Expertly curated composites that meet WAW best practices in one database
In addition to over 400 purchased salary surveys from major publishers, Payfactors Market Data is updated monthly using a proprietary algorithm as well as a team of certified compensation professionals to provide regular QA checks to identify outliers and outdated sources.
Modern features that put you in control of comp
- Easily import job data and view your benchmarked jobs alongside market data
- Filter market data by job family or job level
- Scope by size, industry, and geography
- Age data forward or backward by any factor
- Adjust data to apply premiums or discounts
- Perform year-over-year analysis based on three years of real—not estimated—data
- Blend benchmark jobs together to create unique or hybrid positions with a click
We match our jobs—based on job content (description)—to multiple compensation surveys. This process of blending the results from multiple validated sources produces data that is more representative of the actual market than data from any individual survey.
To maintain congruency, each survey’s data is aged to the current date using aging factors specific to the combination of the job’s function, level and geographic location.
The individual survey sources are weighted based on reputation and relevance, the number of organizations and incumbents included in a specific data cut, and the age of the survey
The data is then aggregated to create a market-price for each combination of job, industry, size and location, including all the standard statistical measures (averages and 10th to 90th percentiles) of base pay and total cash compensation.
SURVEYED AND (EXCEPTIONALLY) SATISFIED
Try our reliable compensation data – for free
Get instant access and explore how it all works with a free trial. There’s no better way to experience how a subscription to compensation software with HR-aggregated "survey of surveys" data can change how you price jobs and manage pay.