10+ Payfactors Alternatives and Competitors

Payfactors

Payfactors

8.9 User Rating
$55.7 M Revenue
7+ No of Employees
2013 Founded
SaaS Industry
Compensation Management Software Category
Jeff Laliberte CEO
Overview

Payfactors is an established provider of compensation management software. The company was founded in 2013 with Jeff Laliberte as its current CEO. Payfactors aims to make life easy for HR and compensation personnel. Their platform is being used by more than 25,000 professionals globally. That number could grow if their compensation management software will grow and improve.

Alternatives

Logo Name Sort Rating Sort CEO Pricing Sort Founded Sort Revenue Sort Employees Sort Location Sort Reviews Sort Customers Sort
COMPview COMPview 9.6 David Kennedy N/A 1996 $13 M
91+
Maitland
1587+ Reviews
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Talentsoft CMS Talentsoft CMS 9.6 Jean Stephane Arcis N/A 2007 $75 M
600+
France 8900+ Reviews
N/A
Payscale HR Payscale HR 9.5 Scott Torrey N/A 2002 $87.5 M
425+
Seattle 5790+ Reviews
N/A
Compease Compease 9.3 Dave Adams $49 2010 $18.4 M
47+
Livonia
3670+ Reviews
N/A
Saba Compensation Management Saba Compensation Management 9.1 Phil Saunders $300 1997 $33 M
1,400+
Dublin 1654+ Reviews
4K +
Ultipro Compensation Management Ultipro Compensation Management 8.9 Scott Scherr $600 1993 $2 M
5,144+
Weston 1978+ Reviews
6.6K +
Payfactors Payfactors 8.9 Jeff Laliberte N/A 2013 $55.7 M
7+
Quincy
4769+ Reviews
N/A
Workday Compensation Workday Compensation 8.8 Aneel Bhusri $100 2005 $913 M
12,500+
California 2700+ Reviews
3.2K +
Ceridian Dayforce HCM Compensation Ceridian Dayforce HCM Compensation 8.6 David Ossip $11.50 1992 $824.1 M
5,200+
Minnesota
2340+ Reviews
3.7K +
Paycom Compensation Management Paycom Compensation Management 8.5 Chad Richison $195.67 1998 $113 M
3,765+
Oklahoma City
3789+ Reviews
N/A

Reviews

“ Payfactors - A Simple System to use ”

8.5/10 (overall) - John K
Pros
  • Overall I think the best feature of Payfactors is its simplicity and speed.
  • My company originally used Payscale and it was slow and complex to price jobs. Payfactors really opened that up with the ability to have a wide range of jobs.
Cons
  • Over all the system is great. One issue I do have is ease of setting up custom reporting.
  • Payfactors come stock with reports, which are really great to use. At times I have wanted to change a filter or add a column and I have found this somewhat difficult.

“ This compensation system is user-friendly, easy to use, and does what you would expect it to do. ”

9/10 (overall) - Erin R
Pros
  • Overall, I like the user interface/look of the tool. It is very user friendly.
  • I like the Data Insights tab- the fact you can price jobs and use this tab to compile reports is very helpful.
Cons
  • The only thing I dislike is the fact that sometimes the system doesn’t “speak” as well to our current HR systems.
  • This has led to stale data sitting in PayFactors sometimes and a lot of manual work-a-round to get this updated.

“ Great Option for Compensation ”

9.5/10 (overall) - Verified Reviewer
Pros
  • Ease of use has been huge. The tile setup makes it super easy to navigate and accomplish what you need.
  • Also I’m fond of the Tableau analytics. The insights tile allows for robust analytics since they’ve embedded tableau into this tool.
Cons
  • Being a newer Software (Relatively) there are still some features that I would like to see added.
  • However, they are consistently adding new features at user request.

Features

  • Process Management
  • Performance Management
  • Security
  • Team Collaboration
  • Marketing Automation
  • Engagement Analytics
  • List Management
  • Employee Management
  • Email Notifications
  • Email Integration
  • Access Control
  • Analytics
  • Accounting Intergration
  • API
  • CRM Integration

Images & Videos

Q & A

Q. Is Payfactors' community free?

Yes! Payfactors’ community is free to access. All of the 25,000 professionals that are part of Payfactors’ community became members without paying a penny. Being part of Payfactors’ community benefits your profession as an HR professional. You’ll learn tips, new trends, news, and whatnot about HR and compensation management.

Q. How can I join Payfactors' community?

It’s super easy to join Payfactors’ community. All you have to do is go to Payfactors.com. Once you’re there, you need to submit your full name, work email, company name, job title, state/region, number of employees in the company, and company website URL.

Q. How can I access a demo of Payfactors?

A demo of Payfactors is available on its official website. Once you’re on the website, look for the “Reinvent Compt at Your Company” button and click on it. After that, fill-up the form and click “Submit Request.” Just wait for a while and you’ll receive a response from Payfactors’ experts.

Q. What compliance does Payfactors follow?

Payfactors complies with Swiss-US Privacy Shield Framework and EU-US Privacy Shield Framework. Those were established by the US Department of Commerce. Those two compliances ensure that Payfactors observe proper practices in information security. Every data or profile in Payfactors is kept private and secure.