LaborIQ

Compensation Clarity for Better Workforce Decisions

by LaborIQ by ThinkWhy · Compensation & Benefits

LaborIQ screenshot

Executive Summary

LaborIQ is a workforce planning and compensation management platform for HR teams, built around U.S. salary data. Its four core products are Salary Answers for salary and total compensation recommendations, Pay Band Manager for building and managing compensation structures, Pay Analysis for benchmarking a workforce against market data, and Market Performance for U.S. labor market data and forecasts. LaborIQ says its recommendations come from 18 trillion data points validated against 8.6 million company pay stubs.

Use Cases

  • Benchmarking market pay and total compensation for jobs in any U.S. metro or nationally
  • Building and managing pay bands and sharing them for approval
  • Finding which employees and teams are above, below or aligned to market
  • Estimating the cost of correcting compensation gaps
  • Monitoring workforce conditions, labor costs and market movement
  • Comparing salaries across locations to find markets for remote hiring

Features

Visibility

  • Pay Analysis: Pay Analysis combines your internal workforce data with LaborIQ's continuously updated market intelligence—so decisions are based on current, credible data, not outdated surveys.
  • Talent Supply and Demand Data: LaborIQ salary recommendations and talent supply models are updated monthly.
  • Spot Outliers Instantly: Quickly identify compensation anomalies and employees outside standard pay ranges for immediate action.
  • Perform Detailed Pay Analysis: Run sophisticated compensation analyses with up-to-date employee data for strategic decision-making.

Intelligence

  • Market Performance: Market Performance™ is the backbone for salary forecasts and compensation recommendations, a hub of U.S. labor market data and forecasts.

Support

  • Pay Band Manager™: Pay Band Manager™ is a planning system for building, managing, and analyzing compensation structures. Use LaborIQ salary data to create and manage pay structures and customize pay bands for your industry and company structure to stay compet
  • Build & Maintain Pay Bands: Automatically create and update compensation bands based on real employee data and market benchmarks.
  • Support Pay Equity & Compliance: Identify and address pay disparities with comprehensive analytics across departments and demographics.

Technical Specifications

Architecture
LaborIQ is built on a 100 percent server-less platform with an architecture designed for unlimited scale. It aggregates and analyzes data from multiple databases to provide actionable insights.
Deployment
SaaS
Authentication
OAuth 2.0

Integrations

  • BambooHR
  • Gusto
  • HiBob
  • Justworks
  • Paychex
  • Paycor
  • Paylocity
  • QuickBooks Payroll
  • Rippling
  • TriNet (Zenefits)
  • UKG Pro
  • UKG Ready
  • Workday

Security & Compliance

Certifications: SOC 2 Type II

Encryption: Integrations use OAuth 2.0 and industry-standard encryption protocols

Pricing

Model
Per User, Monthly, Quote-Based Subscription
Target Customer
SMB,Mid-Market,Enterprise

About LaborIQ by ThinkWhy

ThinkWhy is a Dallas-based SaaS company that provides labor market analytics and compensation software, helping businesses navigate the labor market and make data-driven decisions on talent acquisition and retention.

Founded: 2018 · Headquarters: Dallas, United States · Employees: 11-50 · Private

Verified sources

Each of these facts was checked against the vendor page linked (2026-10-15).

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