Payscale Payfactors
Turn manual compensation tasks into strategic outcomes with dynamic insights and intelligent workflows.
Executive Summary
Payscale Payfactors is a comprehensive compensation management solution designed to empower organizations with clear, confident pay decisions. It provides access to timely and transparent compensation data, enabling businesses to accurately price jobs and benchmark salaries against their unique talent markets. The platform transforms traditionally manual compensation tasks into strategic outcomes through its dynamic insights and intelligent workflows. Key functionalities include robust salary benchmarking, precise job pricing, and efficient management of third-party compensation survey data. Payfactors also offers advanced analytics to help users understand compensation trends and build customized market-pricing composites. The solution integrates seamlessly with other HR and payroll systems, such as UKG Pro and Gusto, via APIs, facilitating the import of employee data for real-time pay decision-making.
Use Cases
- Benchmarking salaries against specific talent markets to ensure competitive pay.
- Pricing jobs accurately and developing fair compensation structures.
- Managing and analyzing third-party compensation survey data efficiently.
- Making informed, real-time pay decisions based on current market data.
- Automating compensation workflows to reduce manual effort and improve strategic outcomes.
Features
Visibility
- Dynamic Insights: Provides real-time, dynamic insights into compensation data to support strategic pay decisions.
- Advanced Analytics: Offers sophisticated analytical tools for in-depth understanding of compensation trends and market data.
- Salary Benchmarking: Enables accurate salary benchmarking against unique talent markets using timely and transparent data.
Intelligence
- Intelligent Workflows: Automates and streamlines compensation management tasks, turning manual processes into strategic outcomes.
- Market-Pricing Composites: Allows users to build customized market-pricing composites using third-party survey data and internal company information.
Technical Specifications
- Architecture
- Built with C#, AngularJS, and SQL for robust application features.
- Deployment
- SaaS
- Authentication
- OAuth/OIDC
- API Available
- Yes
Integrations
- UKG Pro
- Gusto
- Korn Ferry
Pricing
- Model
- Subscription-based
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
- Free Trial
- No
About Payscale
Payscale provides intelligent software solutions, compensation data, and services that empower organizations to make fair, competitive, and strategic pay decisions. It helps businesses of all sizes manage compensation with fresh market data and AI-powered workflows.