The NEW Payfactors Compensation Platform is Here!
Payfactors now provides three data sources to help organizations quickly respond to a changing talent market and the technology for organizations of all sizes to create more equitable and transparent pay practices.
Gain a competitive edge in a fierce talent market while building a more fair, equitable and transparent pay strategy
Market Pricing
- Price on the fly
- Integrate multiple data sources
- Develop multiple scenarios
- Collaborative market pricing
Pay Structures
- Build, edit & maintain structure
- Job-based ranges
- Grade based ranges
- What-if scenario sandbox
Survey Management & Participation
- House third-party survey data
- Use survey data for market pricing
- Streamline survey participation
Reporting & Analytics
- Report templates
- Tabular reporting
- Visualization
- Tableau integration
Pay Equity
- Uncontrolled analysis
- Controlled analysis
- Remediation modeling
- Fair pay check
Compensation Planning
- Compensation budgeting
- Compensation recommendations
- Planning guideline oversight
- Employee communication tools
Total Rewards Statements
- Custom templates
- Pay history
- Monetary and non-monetary value
- Employee distribution tools
Job Descriptions Management
- Job description templates
- Content library
- Approval workflows
- Semantic job matching
"It is innovative and cool. I feel good about the data. It is a new world, and I am impressed with the innovation."
- Classpass
"For some jobs, the data is continually changing, and it can be hard to get these recent changes from traditional surveys. We can always find a benchmark with Payfactors."
- Petsmart
"We were able to leverage our IT compensation data to attract and retain top talent."
- Kalispell Regional Healthcare
"We founded Angel City on the principle of pay equity. By locking arms with Payscale, we ensure that our organization adheres to a standard of equitable compensation"
- Angel City FC
"Payfactors provides an objective measuring stick for employee compensation, backed with hard data."
- Hitatchi Kokusai Electric Comark LLC
"Payfactors has helped us more easily realize where we have pay gaps and how we can align better to the market when pricing jobs."
- Smithfield Foods
Enhance your talent attraction and retention strategies with Payfactors
Experience the Payfactors difference
Schedule a personalized demo
Redefining the compensation data experience
Payfactors offers three diverse and dynamic compensation data sets through a single platform to help you understand where competitive pay trends are going while quickly adapting to the changing talent environment
Peer
For organizations who want timely, transparent employer reported data based on their industry peers that is fully customizable
HR Market Analysis
For organizations who want fast and easy access to HR reported compensation data that has been expertly analyzed by compensation professionals and data scientists
Employee Reported
For organizations in fast moving markets, emerging or niche industries and companies who need real-time granular geographic and skills data to attract and retain talent
Bring together the power of data and technology to quickly and easily make competitive pay decisions
Market Pricing
Leverage the power of market data, your unique competitive pay markets and user friendly technology to make data driven pay decisions that attract and retain top talent.
- Build competitive sets based on the companies you compete with for talent based on industry, size, and location.
- Answer job pricing requests quickly with a built-in data source and quick interface for pricing on the fly.
- Develop a variety of different pay scenarios in your own market pricing sandbox.
Drive consistency in your pay practices in a way that is easy to document and maintain
Pay Structures
Increase consistency in pay decisions that drive fair pay practices and prepare your organization for increased transparency.
- Set your organization up for consistency, equity and transparency using job based and/or grade-based ranges.
- Complete what-if scenarios for pay structures to understand impacts of potential changes.
- Build, edit and maintain grade-based ranges and/or job based ranges from a single location.
Increase efficiency and time spent participating in and managing the survey data you rely on
Survey Management & Participation
Access third party survey data along with Payscale data sources to make the best pay decisions for the specifics of your organization.
- Manage all third-party market surveys through a single location.
- Easily search for data across your entire survey collection.
- Streamline participation for your third-party market surveys.
Access the insights you need to quickly visually share important data throughout the business
Reporting & Analytics
Escalate key insights with an understanding of how compensation impacts the bottom line and your talent strategy .
- Create reports from all data including employees, jobs, pay markets and more.
- Easily access pre-built reports such as geographic differentials, salary structure, wage gaps and custom visualizations.
- Integration to Tableau allows for custom built visualizations and tabular reporting to meet your specific reporting needs.
Customer-driven
innovation
resources
Payfactors resources ensure that your product questions are answered. Our tools and guides are designed to help you easily navigate through the product.
sourced ideas
Share your real-world perspective with the Payfactors product team—from directly within the platform—to help inform and influence our future roadmap.
support
Connect and collaborate with a worldwide network of compensation pros. These dedicated experts can support your team at any stage of your journey.
Additional Features from Payfactors
Manager
Centralize job descriptions in a single location with workflows to encourage collaboration all while connecting directly with your compensation strategy.
Learn more
Prove your commitment to fair pay with a pay equity analysis solution that uncovers pay gaps and helps you understand how to close them.
Learn more
Drive efficient review and adjustment cycles with a collaborative solution that increases confidence in pay decisions and increased governance for consistent pay decisions.
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Improve employee pay communications and employee engagement with personalized statements that help employees understand their total compensation package.
Learn More
Now presenting the future of pay
See for yourself how Payfactors is helping to change old-school perceptions of compensation. Our customized demo is all you need to understand where comp management is going and how your organization can get there.