Payfederate vs. PayScale Payfactors

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Payfederate
Score 0.0 out of 10
N/A
Payfederate is a compensation platform for job pricing, range management, employee communications, and job offer management. Payfederate helps organizations to inspire confidence in their compensation, and hire with offers that fit. The trend toward transparent pay ranges, driven both by new laws and a change in employee expectations, is placing pressure on organizations to establish, maintain, optimize and communicate their pay strategy. This requires a system of record for compensation that…
$499
per month
PayScale Payfactors
Score 8.8 out of 10
N/A
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.N/A
Pricing
PayfederatePayScale Payfactors
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
PayfederatePayScale Payfactors
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Best Alternatives
PayfederatePayScale Payfactors
Small Businesses
Arcoro HR
Arcoro HR
Score 8.3 out of 10
Arcoro HR
Arcoro HR
Score 8.3 out of 10
Medium-sized Companies
PayScale Insight Lab
PayScale Insight Lab
Score 10.0 out of 10
PayScale Insight Lab
PayScale Insight Lab
Score 10.0 out of 10
Enterprises
Workday HCM
Workday HCM
Score 8.2 out of 10
Workday HCM
Workday HCM
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
PayfederatePayScale Payfactors
Likelihood to Recommend
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
PayfederatePayScale Payfactors
Likelihood to Recommend
Payfederate
No answers on this topic
PayScale, Inc.
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.
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Pros
Payfederate
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PayScale, Inc.
  • 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
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Cons
Payfederate
No answers on this topic
PayScale, Inc.
  • 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!
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Alternatives Considered
Payfederate
No answers on this topic
PayScale, Inc.
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.
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Return on Investment
Payfederate
No answers on this topic
PayScale, Inc.
  • 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.
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ScreenShots

Payfederate Screenshots

Screenshot of the Range Manager, which shows internal ranges, employees in those ranges, and comparison to customer's choice of market data.Screenshot of results from the AI algorithm that matches customer job descriptions with their market data job descriptions, going beyond simple title matches.Screenshot of an investigation into specific jobs with a comparison to competitive job postings.Screenshot of internal ranges and internal equity, to help evaluations of new offers for consistency.Screenshot of a digital statement that helps to put pay in context for employees.