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MarketPay Reviews & Product Details - Page 3

MarketPay Overview

What is MarketPay?

MarketPay is a specialized compensation platform designed to streamline diverse processes and enhance efficiency, giving compensation teams more time to grow their expertise on evolving pay legislation and compensation best practices. * Automated survey management and participation: Access your purchased data sources in one consolidated platform and leverage our partnerships with leading survey providers to automate your survey participation experience. * Configurable compensation technology to help you strategize for the future and execute across markets: Generate limitless structure and merit matrix models to optimize your compensation strategy, implement market pricing matches in bulk based on custom rules, and analyze your data using tailored reports. * Committed customer service team: Get support when you need it from our experienced services team to help with custom analytics, benchmarking, and more. You can also engage with other comp pros and access educational resources 24/7 through Payscale Connect.

MarketPay Details
Product Website
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Product Description

MarketPay brings together Payscale data sources and traditional salary surveys to quickly and accurately price jobs in the current labor market, conduct budget modeling for different pay scenarios, and perform complex workforce analytics to drive informed decisions. MarketPay allows you to expand beyond traditional compensation practices to include job description management, pay equity reports, and survey participation.

How do you position yourself against your competitors?

Payscale is the #1 choice in compensation management.
More than 65% of the Fortune 500 choose Payscale.
$2.9 trillion in employee salaries managed in Payscale solutions.
More than 50 million jobs were priced in Payscale solutions in the last year.


Seller Details
Seller
Payscale
Company Website
Year Founded
2002
HQ Location
Seattle, Washington
Twitter
@payscale
62,551 Twitter followers
LinkedIn® Page
www.linkedin.com
753 employees on LinkedIn®
Description

As the industry leader in compensation management, Payscale is on a mission to help job seekers, employees, and businesses get pay right and to make sustainable fair pay a reality. Empowering more than 50% of the Fortune 500 in 198 countries, Payscale provides a combination of diverse and dynamic data sources, experienced compensation services, and scalable software to enable organizations such as Angel City Football Club, Target, Gainsight, and eBay to make fair and appropriate pay decisions.


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Overview Provided by:

Recent MarketPay Reviews

AN
Verified User
4.0 out of 5
"Great Comp tool!"
Easy to use, built for compensation professionals, great survey data aggregator!
Verified User
A
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Comprehensive Compensation Tool"
The numerous reporting tools and informative training webinars help break down the site -- from market pricing, survey participation, customizing r...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
4.5 out of 5
"PayScale MarketPay has been a great partner."
I have used MarketPay for over 8 years and now with the new partnership with PayScale I have even better customer service and wider variety of sour...

Pricing Insights

Averages based on real user reviews.

Time to Implement

3 months

Return on Investment

18 months

Average Discount

8%

Perceived Cost

$$$$$
View More Pricing Information

MarketPay Media

MarketPay Demo - Multi-Job Pricing
Match several jobs at once with Multi-Job Pricing
MarketPay Demo - Auto-Save Range Data
Understand potential budget impacts and context of pay structure updates with the new Auto-Save for Previous Range Data!
MarketPay Demo - UserVoice Product Feedback
Share your opinion with UserVoice, MarketPay's new product feedback tool
MarketPay Demo - AI-Powered Suggestions
Market price faster with AI-power suggestions
Play MarketPay Video
Play MarketPay Video
Play MarketPay Video

Official Downloads

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Video Reviews

219 MarketPay Reviews

4.3 out of 5
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219 MarketPay Reviews
4.3 out of 5
219 MarketPay Reviews
4.3 out of 5

MarketPay Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
G2 reviews are authentic and verified.
Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

Is ability to house our company's comepnsation data at a large scale and effiiciency in data modeling and market pricing. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

The syncronization of the utilization of the tool to it full capacity. Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

Market pricing our roles against the current market. This feature is helping our company to keep a competitive pay strategy. Review collected by and hosted on G2.com.

Verified User in Non-Profit Organization Management
UN
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: In-app
What do you like best about MarketPay?

Large amount of data arranged in easy to use ways. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

Market price a job new is still lacking some basic features of the old version that prefer, so I don't use the New. Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

Determining competitive pay rates to attract and retain staff Review collected by and hosted on G2.com.

Verified User in Chemicals
AC
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

I have used MarketPay for the last 7 years across 2 employers, and it has been immeasurably valuable at both. MP aided in major projects like laying the foundation for job architecture and pay transparency efforts. MP as a pricing database makes many annual processes much more efficient, such as assessing market movement for a job or job family year-over-year, determining new salary ranges for the year, and salary survey participation. The support team is also great to work with in completing the "data migrations" from previous years' data to the most up-to-date data. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

Like any tool, MarketPay does take some time to get used to, but the amount of information available can be overwhelming. Some of the HRIS data load templates are overly complex (when they only have a few "required" fields), and some of the standard reports feel redundant (and over-engineered in some cases). Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

MarketPay allows for a consistent pricing approach by housing all salary survey information and maintaining each job's market pricing. It allows for well-informed market analysis, and we can clearly communicate our market pricing strategy to HR partners, leaders, and frontline employees. The database also makes it easy to "experiment" with pricing in dynamic markets. Review collected by and hosted on G2.com.

MZ
Senior Compensation Partner
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

Great analytical tool, solid reporting capabilities. Ability to integrate and sort as needed different sources is valuable. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

Not all sources can be integrated automatically, some require more manual work.

Often wish for more customer support - current structure with Customer Support Manager is not efficient for problem resolution. Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

Robust compensation planning and analysis tools allow us to analyse our current state globally and plan strategically for the future Review collected by and hosted on G2.com.

Verified User in Health, Wellness and Fitness
AH
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: In-app
What do you like best about MarketPay?

The data is all in one place and it is easy to adjust the data. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

I work for a company that does not do merit increases so there is not alot of support for other types of modeliing. Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

increase in effency Review collected by and hosted on G2.com.

Verified User in Real Estate
AR
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

MarketPay is very easy to use. I recommend them for all of your benchmarking and survey participation needs. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

I think they should work on the integration files to make it easier for companies to keep their data up-to-date and current on a regular basis. Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

I don't currently have any problems. MarketPay is beneficial to our company. Review collected by and hosted on G2.com.

MM
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

I like that it is one place to store all of your survey data, and that it's easy to have the information uploaded. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

Lately, I've been having a lot of technical errors with the system not working. Aside from that, I sometimes feel it is limiting. For example, I would like to be able to add in advertised rates, competitor rates, etc., to keep all of this information together, along with our survey data. Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

It stores all of our compensation survey data in once place and allows us to easily match the survey data up to our jobs. Review collected by and hosted on G2.com.

Verified User in Utilities
AU
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: In-app
What do you like best about MarketPay?

Ease of use and customizable reports with application. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

No direct account manager that can answer questions quickly Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

Analytic reports Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

All the functionalities that help to accurately manage salary survey data year over year. Additionally, the customer services is great and timely. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

I haven't had any issues with MarketPay in the last 2 yeas I've worked with it, so I don't have any comments for this question. Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

MarkePay allows me to market pricing new positions, keeping internal pay equity and competitiveness against market. It's fast and easy to use, so I can be more efficient in my Compensation job. Review collected by and hosted on G2.com.

Verified User in Logistics and Supply Chain
AL
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

Great survey management tool with lots of reporting options and the ability to modify/create ad hoc reports. They have partnerships with all major survey providers, as well as the ability to upload unique surveys. Lots of webinars & online trainings, as well as responsive account managers & customer support. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

While they are updating their platform, some of the graphics seem dated. There are "new" sections that are refresed, but they have not retired the old sections, so some users keep gravitating to the old version Review collected by and hosted on G2.com.

What problems is MarketPay solving and how is that benefiting you?

MarketPay easily helps our org manage 10+ survey providers, making it easy to see pricing matches and historical changes in pay. It can also be used for merit budget planning, salary structure management & modeling. Review collected by and hosted on G2.com.