CompAnalyst vs. PayScale Payfactors

I highly recommend considering CompAnalyst if you're looking to take your compensation function to the next level. If you're looking to create a "one stop shop" for your compensation needs, then this is the software for you. You can easily manage job descriptions and survey data, and you can empower your HR teams to find information in the tool by giving them access to specific areas of the site. The system can be configured to fit the needs of your organization

Incentivized

With their multiple compensation databases and the ability to quickly navigate and explore market matches, I can trust that the data is accurate and up-to-date and that I can confidently stand behind my recommendations after doing my in-the-box Payfactors work. PayScale is a company that continues to grow and develop by leaps and bounds , so getting onboard with them now is still essentially the ground floor of something incredible.

Incentivized

• It allows us to benchmark our internal comp structure and design effective comp ranges.
• CompAnalyst allows us to benchmark our internal compensation with others in our industry.
• Allows us to market our comp ranges within a region, or across the US.
• Most of our job titles can be found within CompAnalyst.

Incentivized

• Real-time market data for the most up-to-date pay bands and ranges
• Robust internal organizational tools to manage multiple projects and collections of roles
• Quick Price tool can get a comprehensive compensation pick for a role within seconds.
• Internal help documents, message board communities, and live help agents are there if you need them

Incentivized

• There are so many features that a streamlined wizard with quick overview reports would be nice as a starting point.

Incentivized

• I am not seeing an easy way to produce or export compensation summaries for multiple roles at once. I have to pull up multiple at once.
• The ERD and HRMA reports are in totally different formats and they don't have the same parameters to fine-tune matches.
• To be honest, I look forward to exploring more built-in features in 2024. It is a great program!

Incentivized

easy, self-explanatory

Incentivized

Account Managers are always available and responsive. Account Managers change frequently

Incentivized

The value proposition for CompAnalyst is greater than other compensation management software alternatives that we have evaluated. No other system offers the same capabilities and functionalities as the CompAnalyst platform. While some competitors offer unique features not found in the tool, CompAnalyst is always evaluating new offerings to enhance the site. Additionally, we have an awesome professional services team that really rounds out the experience.

Incentivized

I continue to use both CompAnalyst and Payfactors simultaneously and they both have many pros and few cons. PayScale seems to have more advanced capabilities and has more robust user-provided tweaking and cutting-edge features. The access to multiple databases is also a major benefit. While the look and feel of Payfactors seems more "21st century" than CompAnalyst, I have to say that CompAnalyst has some very intuitive features, like the ability to select many matches, add them to a list, and then export the lot of them in a single Excel file, that I do enjoy and that I don't believe Payfactors can match. That would be one drawback, however this doesn't really affect the end results, which are incredible, it just changes the path to get there a little bit.

Incentivized

• Positive- helped us avoid clients that are underpaying their folks.
• Positive- helped us educate clients so they can retain their folks and attract new talent.

Incentivized

• Increased capacity to provide accurate and robust compensation analyses
• Ability to compare and contrast compensation schema between Payfactors and other databases.
• Access to an enormous database of help documents and lux pdfs regarding pay philosophies, compensation concepts, market developments, etc. Educational resources are phenomenal.

Incentivized