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MarketPay Reviews & Product Details

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
62,926 Twitter followers
LinkedIn® Page
www.linkedin.com
744 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

RS
Reeya S.Enterprise (> 1000 emp.)
4.0 out of 5
"Marketpricing Job"
MarketPay is a great tool for Market pricing a job. The AI feature makes life easy to market price a job. Great customer support.
William D.
WD
William D.Enterprise (> 1000 emp.)
4.0 out of 5
"Easy to use platform"
The organization it provides for our market survey data.
Verified User
A
Verified UserEnterprise (> 1000 emp.)
4.0 out of 5
"Great experience with MarketPay"
Having all of our market matches in 1 place
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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

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Video Reviews

218 MarketPay Reviews

4.3 out of 5
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218 MarketPay Reviews
4.3 out of 5
218 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

Overall Review Sentiment for MarketPayQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Daniel M.
DM
Senior Decision Support Analyst, Strategic HR - Compensation Center of Expertise
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about MarketPay?

MarketPay is easy to get our data into and out of. It offers excellent reporting tools within the application, but it is also easy to pull data out and analyze it offline. Their customer support is responsive and professional, and they have proven to be a true business partner in helping our organization meet its goals. Online training is available on MarketPay's many features (and on good compensation practice in general) through the included Payscale Connect community. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

I look forward to increased maturity of the Payscale Compensation Survey that we have included in our MarketPay subscription. I am optimistic of their product roadmap for this dataset and what we are starting to see in 2024 as those product changes are implemented. Review collected by and hosted on G2.com.

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

Compensation survey library administration, survey participation, and market pricing of jobs against survey benchmarks. We are in the process of adding MarketPay jobs into our subscription. MarketPay's reporting and administration tools are flexible, easy to use, and offer loads of customization options. Review collected by and hosted on G2.com.

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

MarketPay is a great tool for Market pricing a job. The AI feature makes life easy to market price a job. Great customer support. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

Remove Market Price a job tab as we already have a Market Price a Job (New) tab. Review collected by and hosted on G2.com.

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

It helps us to extract the market data for compare and contrast with UCH data. Review collected by and hosted on G2.com.

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

For the most part, it is user-friendly. It capably stores external salary survey data and internal employee/job/pay grade structure data. Keeps things organized, saves market pricing for your jobs and preserves history. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

It feels "old school". The technology behind this product doesn't seem to have had any significant upgrades in several years. When MarketPay merged with PayFactors, I thought we would see some real synergy between what they had been developing and what MarketPay already had. But they still seem to be two separate products. Maybe I'm expecting too much, but with all the advancements in AI being hyped in every industry, I thought there might be some better tools available in compensation to assist with market pricing or basic analysis. The report library in MarketPay leaves a lot to be desired (and the report library is also one area that is not very user-friendly). The price keeps going up, but the tool is largely the same as it was about 5 years ago. Review collected by and hosted on G2.com.

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

MarketPay gives us a stable platform to store our salary survey data and market matches. Prior to MarketPay, we had no tool to house and organize these things. Review collected by and hosted on G2.com.

Verified User in Medical Devices
UM
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about MarketPay?

Easy to manage all job and pricing data within one platform, even despite operating in many countries and multiple currencies. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

We struggle with how they really help when it comes to survey participation, feel this was oversold when trying to obtain our business. Review collected by and hosted on G2.com.

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

Help with pay equity since we had never really done a review before, however for that specifically felt that it was hard to get support people to explain the usage in a way that made sense and was quantifiable. A lot of big words and superfluous words used but felt they couldn't really define them other than to say "you're doing great and pay equity isn't an issue for your organization".

Also made it really easy to create salary structures which had previously been done in spreadsheets far more complicated than they needed to be. Easy to modify and try multiple iterations with just a few clicks. Review collected by and hosted on G2.com.

CV
Asst Director, University Compensation
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about MarketPay?

Puts all of our market data and employee data into one place.

Very simple survey submission once all jobs are matched.

AI for matching has been a great add. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

Some reports are difficult to assimilate to. We have customized fields that make the reports a bit cumbersome. Review collected by and hosted on G2.com.

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

Internal equity comparisons and external market comparatios. Review collected by and hosted on G2.com.

Response from Anna Spessard of MarketPay

Hi Clare, thank you for your review of MarketPay!

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

The organization it provides for our market survey data. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

The upload files can be confusing. Seems to be time consuming to update the platform. Review collected by and hosted on G2.com.

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

We can price jobs quickly and accurately. Has really cut down on our process times. Review collected by and hosted on G2.com.

Benita C.
BC
Compensation Analyst
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

I like MarketPay because it holds our employee information, which makes it easy to do quick analyses. It also has the ability to load pertinent data for salary surveys, which would help to complete them much more quickly. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

Sometimes their reporting tools don't really work Review collected by and hosted on G2.com.

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

Marketpay works well for compression gap reviews. It is very helpful that their dashboards are very customizable, and it helps to have multiple different views that can be held personally or shared with team members. Review collected by and hosted on G2.com.

AM
Manager Compensation
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about MarketPay?

Pretty easy to use and easy to work with from a vendor perspective. Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

That you can't customize or reorder the matches. Review collected by and hosted on G2.com.

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

Helping us manage Compensation. The reporting feature and the ability to create custom reports is most helpful. Review collected by and hosted on G2.com.

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

MarketPay is easy to price single jobs add new jobs Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

It is really hard to price multiple jobs in single click which makes it had to use for large organizations with presence in multiple countries or regions. Review collected by and hosted on G2.com.

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

Primarily, we use MarketPay for pricing jobs using multiple vendors reports. Review collected by and hosted on G2.com.

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

I find the MarketPay tool to be quite intuitive, user-friendly and easy to navigate. Apart from pricing, there are so many useful features - such as survey participation & management, reporting and much more. The best thing is we can customize views the way we want it - keep it as granular as I may like or as broad as possible (say, at a 1000 ft level :-)). Review collected by and hosted on G2.com.

What do you dislike about MarketPay?

The tableau reports cannot be easily customized at our end. Review collected by and hosted on G2.com.

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

It enables us to compare all of our data with market benchmarks in a single platform. The reporting feature is going to be really useful going forward for all kind of analysis that we do on excel today. Review collected by and hosted on G2.com.