Economic Research Institute Reviews & Product Details

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.

Salary.com is the leading SaaS provider of cloud-based compensation market data and analytics. Salary.com delivers continually updated, reliable market pay data and career content to hundreds of thousands of consumers each year. The company is committed to helping organizations drive company success by aligning compensation practices with recruiting, performance, and development initiatives through easy-to-access data and meaningful insights.

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.

COMPview simplifies compensation and budget decisions to make the entire process more accurate and efficient.

Technical functionalities are on Compensation, incentives, bonus, LTI, Rewards, and recognition, (together this is called "total rewards" as well), multidimensional and dynamic analytics, survey design and analysis. What it does - intelligently guides organizations to design and distribute their large compensation budgets to the right resources in the right proportions. Companies can see it in advance what they are distributing to who and how is it impacting their employees.