Payfactors

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.

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