Payfactors
The most comprehensive tool for confident compensation.
Overview
Payfactors, now a part of Payscale, is a powerful compensation management platform designed to help organizations make data-driven pay decisions. The platform provides access to a vast amount of compensation data, both from Payscale's own sources and third-party surveys. Payfactors offers a suite of tools for market pricing, pay equity analysis, salary structure development, and compensation planning. The platform is known for its user-friendly interface and its ability to integrate and manage data from multiple sources.
✨ Key Features
- Market Pricing and Job Benchmarking
- Pay Equity Analysis and Reporting
- Salary Structure and Range Development
- Compensation Planning and Budgeting
- Integration of Multiple Data Sources
- Total Rewards Statements
🎯 Key Differentiators
- Ability to integrate and manage data from multiple survey sources.
- User-friendly and intuitive interface.
- Strong focus on both external market pricing and internal pay equity.
Unique Value: Provides a single platform to manage all aspects of compensation, from market pricing with multiple data sources to pay equity analysis.
🎯 Use Cases (5)
✅ Best For
- A popular choice for mid-sized to large organizations that use multiple salary survey sources.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Small businesses with simple compensation needs may find the platform too complex.
🏆 Alternatives
Offers more flexibility in using third-party survey data compared to some other platforms.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Phone Support
- ✓ Dedicated Support (Varies tier)
🔒 Compliance & Security
💰 Pricing
✓ 14-day free trial
Free tier: N/A
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