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10+ Payfactors Alternatives and Competitors

Table of Content

Payfactors

4.4 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 Rating CEO Pricing Founded Revenue Employees Location Reviews Customers
COMPview 4.8 David Kennedy Custom 1996 $13 M 91+ Maitland 1587+ Reviews 1000+
Payscale HR 4.7 Scott Torrey Custom 2002 $87.5 M 425+ Seattle 5790+ Reviews N/A
Talentsoft CMS 4.8 Jean Stephane Arcis Custom 2007 $75 M 600+ France 8900+ Reviews N/A
Saba Compensation Management 4.5 Phil Saunders $300 1997 $33 M 1400+ Dublin 1654+ Reviews 4000+
Workday Compensation 4.4 Aneel Bhusri $100 2005 $913 M 12500+ California 2700+ Reviews 3200+
Compease 4.6 Dave Adams $49 2010 $18.4 M 47+ Livonia 3670+ Reviews N/A
Ultipro Compensation Management 4.4 Scott Scherr $600 1993 $2 M 5144+ Weston 1978+ Reviews 6600+
Ceridian Dayforce HCM Compensation 4.3 David Ossip $11.50 1992 $824.1 M 5200+ Minnesota 2340+ Reviews 3718+
Paycom Compensation Management 4.2 Chad Richison $195.67 1998 $113 M 3765+ Oklahoma City 3789+ Reviews N/A
Salary.com 4.2 G Kent Plunkett Custom 1999 $36.3 M 232+ Waltham 2890+ Reviews N/A

Reviews

“ Payfactors - A Simple System to use ”

4.25/5 (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 ”

4.5/5 (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 ”

4.75/5 (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 Integration
  • API
  • CRM Integration
  • Campaign Analysis

Images & Videos

Q & A

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.

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.

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.

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.

Alternatives

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