Mercer consulting group in New York offers Mercer WIN | ePrism, a compensation management platform which supports resource optimization and compensation planning with deep analytics, easy data navigation with smooth workflow.
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PayScale Payfactors
Score 8.7 out of 10
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Payfactors, now part of PayScale, provides three data sources to help organizations quickly respond to a changing talent market and the technology for organizations of all sizes to create more equitable and transparent pay practices.
This software is ideal for managing large amounts of external, salary survey data - as well as if you want to combine it into reports, presentations with internal compensation data. The reporting capabilities are superior to any other reporting tool I've used from a compensation perspective. I really enjoy using this software.
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.
As a database of information, Mercer WIN | ePrism is an exceptionally easy tool to use, even for beginners.
The functionality is endless, there are so many ways of manipulating and cutting the data stored in the system. It makes it a one-stop shop for all your compensation-related reporting needs.
Being able to create and manage benchmark positions, you always have easy-to-access baseline data. Additionally, the visuals are clean and easy to read, easy to prepare and come together with just a couple clicks.
For new users, the tool can be overwhelming. However, once you are proficient, the tool is intuitive and very easy to use. Perhaps online tutorials or more guidance would be helpful.
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.
We have been able to create many efficiencies when it comes to compensation reporting by using Mercer WIN | ePrism.
We have been able to ensure greater data integrity in the information we have provided to stakeholders given that Mercer WIN | ePrism has a secure and reliable database.
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.
