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Payfactors Reviews & Product Details - Page 4

Payfactors Overview

What is Payfactors?

For organizations who pay people and strive to #getpayright, Payfactors is a Compensation Platform that delivers : * Fresh and transparent compensation data to ensure you are making accurate and competitive pay decisions you can confidently stand behind. * Scalable Compensation Technology that helps guide you on your compensation journey while driving process efficiency and weaving equity into the fabric of all pay decisions. * Committed Customer Experience to support your needs with an extra set of hands, connections with other comp pros, and 24/7 access to resources. * Customizable Compensation Planning tool to streamline your process, foster collaboration, and maintain clear oversight during your merit and increase cycle

Payfactors Details
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Product Description

Payfactors at its core helps organizations develop scalable and data driven compensation programs. What this means is that we start by giving organizations access to market data that they can use to make fair pay decisions. Users can then use functionality to develop pay structures so pay decisions remain fair and equitable over time. All this information brought together makes reporting and analytics of important data such as pay compression easy to escalate throughout the organization. Payfactors also provides easy avenues for organizations to expand into key areas such as job descriptions, compensation planning and pay equity analysis. We foster a sense of collaborative compensation that means users can bring key people into the process to provide feedback along the way and to help them better understand the parameters in which pay decisions should be made. We strive through this approach to create more equitable workplaces – proven through data – and make it easier to communicate pay with employees.

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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Payfactors Integrations

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Verified by Payfactors

Recent Payfactors Reviews

Gavin C.
GC
Gavin C.Mid-Market (51-1000 emp.)
4.5 out of 5
"Tools are easy to learn with data that is broad and flexible in its usefulness and application"
The way data is organized into pricing projects and that fast and useful reporting capability that can be used by HR and the business.
Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"I have used Payfactors with two companies and I find it to be very useful"
The robust acess to market data has given us the ability to
Cassandra R.
CR
Cassandra R.Mid-Market (51-1000 emp.)
0.0 out of 5
"Beware of Payscale’s Non-Negotiable Contracts"
There isn't anything positive that I could say about Payscale/Payfactors.

Pricing Insights

Averages based on real user reviews.

Time to Implement

3 months

Return on Investment

13 months

Average Discount

9%

Perceived Cost

$$$$$
View More Pricing Information

Payfactors Media

Payfactors Demo - Homepage Dashboard
Example of dashboard homepage
Payfactors Demo - Surveys Experience
Survey management experience
Payfactors Demo - Peer Data Map Example
Example of Peer data map
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Video Reviews

597 Payfactors Reviews

4.2 out of 5
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597 Payfactors Reviews
4.2 out of 5
597 Payfactors Reviews
4.2 out of 5

Payfactors 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.
Lisa T.
LT
Human Resources Director
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Payfactors?

HR reported data is very helpful and will provide more accurate information. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

I would like to see more data reported for certain roles. Review collected by and hosted on G2.com.

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

More accurate data to ensure our company's pa ranges are aligned with the market data. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
AH
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Payfactors?

As a compensation professional, payfactors works with you and your established framework. Regardless of the company's growth from infancy (start up) to maturity (established for several decades), there's a way for payfactors to support your compensation goals. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

A variety of the features requires a standard HRIS set up before they can be enabled and based on certain systems or business decisions my company will not be able to entertain those features. Review collected by and hosted on G2.com.

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

Payfactors is critical in our salary benchmarking and salary data management. Review collected by and hosted on G2.com.

AL
HR Director
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Payfactors?

Ease of use.

Ease of Implementation.

Great acces to a wealth of market data. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

Cost has increased significantly over my years of being a customer, more than I would expect. Review collected by and hosted on G2.com.

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

Payfactors brings all my compensation data to one easy to use platform. Review collected by and hosted on G2.com.

Stacey A.
SA
Talent Acquisition Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Payfactors?

I love that everything is in one place I can have my JD, employee data, and market information all in there. No more having to go to multiple data sources. It makes my job so much easier and less time-consuming. It was also really easy to implement; pretty much plug and play which is what I always look for in software tools. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

Downside is we do have some unique-to-us type positions and it isn't always easy to find the right match but the customer service is always super helpful when I need ideas of what could work. Review collected by and hosted on G2.com.

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

It's allowing me to show data on where we are doing well pay equity wise and where we are not. Where we need to rethink our benchmarking on our positions due to the movement of the markets. Review collected by and hosted on G2.com.

Verified User in Renewables & Environment
AR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Payfactors?

The JDM module has been instrumental in my company's ability to review and standardize all of our job descriptions. We will be able to update them in the future as needed with ease. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

The inability to build out career paths based on job descriptions Review collected by and hosted on G2.com.

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

Organizing my company's job descriptions, and enabling HR to make informed decisions about salary bands Review collected by and hosted on G2.com.

Verified User in Manufacturing
AM
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Payfactors?

I find Payfactors to be very user friendly and the company seems to keep improving the user experience. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

No point factor system

Can't see the details on the data cut. How many incumbents, companies, etc.

I like the old community forum. The way it is now I don't find very user friendly. Review collected by and hosted on G2.com.

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

I like the market index report to see how our positions and employees are up against the market data we have them tied to. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
UH
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
Rating Updated ()
What do you like best about Payfactors?

The robust acess to market data has given us the ability to Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

It could be a little more user friendly when it comes to pricing positions Review collected by and hosted on G2.com.

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

We have a major issue with pay compression that is on it's way towards a resolution. Review collected by and hosted on G2.com.

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

PayFactors Connect is an incredible resource to have access to for live webinars and tool trainings. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

It is quite a learning curve, the tool is not as user-friendly as I would like for building out Pricing Projects and setting up the data cuts. Review collected by and hosted on G2.com.

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

Helping build out our organizations first pay structure. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
AH
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Payfactors?

The interface is very user friendly and the implementation team was knowledgable and quick to work with. It integrates smoothly with our HRIS system for compensation, demographic, and job description information. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

Payfactors assumes a 40 hour work week whic can be a challenge if your company is on a different schedule. Review collected by and hosted on G2.com.

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

We had information stored across different platforms and in different formats, and now everything is standardized in one place. Review collected by and hosted on G2.com.

PE
Director of Compensation
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Payfactors?

Jamie McGovern my Customer Service Manager is always reponsive, follows up as promises and provides information needed quickly. Review collected by and hosted on G2.com.

What do you dislike about Payfactors?

I would like more state salary threshold information in Payfactors. The system provides great information on state minimum hourly rate changes, I think salary threshold information would be vaulable to clients as well. Review collected by and hosted on G2.com.

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

Market comparsions for critical sourcing positions Review collected by and hosted on G2.com.