Payfactors Features
Platform (16)
Customization
As reported in 259 Payfactors reviews.
Allows administrators to customize to accommodate their unique processes. Includes ability to create custom objects, fields, rules, calculations, and views.
Integration APIs
As reported in 199 Payfactors reviews.
Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications.
Internationalization
198 reviewers of Payfactors have provided feedback on this feature.
Enables users to view and transact business with the same content in multiple languages and currencies.
User, Role, and Access Management
Based on 275 Payfactors reviews.
Grant access to select data, features, objects, etc. based on the users, user role, and groups.
Performance
286 reviewers of Payfactors have provided feedback on this feature.
Is consistently available (uptime) and allows users to complete tasks reliably.
Mobility
Based on 188 Payfactors reviews.
Is accessible from a mobile device and by users on the go.
Reporting
As reported in 281 Payfactors reviews.
Provides analytics tools that reveal important business metrics and track progress.
Dashboards
This feature was mentioned in 285 Payfactors reviews.
Creates dashboards to track information like open positions, current headcount, and recruiting pipeline.
Reward Structuring
Based on 235 Payfactors reviews.
Define compensation packages and allowance plans within the system. Specify the various components of compensation, including base pay, bonuses, and equity. Structure compensation pools and hierarchies for continual planning.
Workflow Automation
As reported in 230 Payfactors reviews.
Streamline the flow of work processes by establishing triggers and alerts that notify and route information to the appropriate people when their action is required within the compensation process.
Compensation History
This feature was mentioned in 280 Payfactors reviews.
Access employee compensation history and talent records when evaluating compensation adjustments to inform decision making.
Performance Management Integration
Based on 183 Payfactors reviews.
Integrate employee performance data from a third-party performance management solution to supplement compensation history and establish pay-for-performance compensation structures.
Embedded Analytics
This feature was mentioned in 261 Payfactors reviews.
View budgetory allocations across the organization, compensation information related to individual employees or departments, and underlying compensation trends in analytics dashboards embedded in the system.
Reporting Capabilities
As reported in 328 Payfactors reviews.
Create standard and ad-hoc reports of compensation data within the system. Trends and other graphical representations of data displayed by analytics dashboards can be included in reports.
Compensation Data Management
331 reviewers of Payfactors have provided feedback on this feature.
Easily import data into or export data from the system, and access employee compensation data quickly within the system. Create compensation hierarchies so that managers can access relevant team information.
Internationalization
Based on 188 Payfactors reviews.
Extend compensation configurations around the globe using flexible location profiles, multiple language options, and automatic currency conversion tools within the system.
Basics (1)
Performance
This feature was mentioned in 62 Payfactors reviews.
Is consistently available (uptime) and allows users to complete tasks reliably.
Content (2)
Automation
As reported in 58 Payfactors reviews.
Automates some or all operation related tasks
Content Creation
As reported in 48 Payfactors reviews.
Contains tools that allow users to create original content directly within the application
Logistics (2)
Integrations & APIs
As reported in 57 Payfactors reviews.
API's typically enable integration of data, logic, objects, etc. with other software applications.
User, Role and Access Management
This feature was mentioned in 61 Payfactors reviews.
Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. to both internal and external users.
Basic Features (2)
High level regression analysis
Based on 79 Payfactors reviews.
Compares cohorts with complex, customizable logic for deeper analysis.
Dashboard
Based on 89 Payfactors reviews.
Contains customizable dashboard enabling users to visualize pay gaps.
Risk Mitigation (1)
Budgeting
As reported in 77 Payfactors reviews.
Forecasts potential budgets necessary to remediate pay inequities.
Benchmarking and Equity - Compensation Management (3)
Benchmarking Data
As reported in 133 Payfactors reviews.
Displays and compares pay equity information, comparing the parity of pay across demographics.
Pay Equity
Based on 122 Payfactors reviews.
Comes with native pay equity module or capabilities.
Salary Bands
Based on 125 Payfactors reviews.
Facilitates organizing workers into salary bands and comparing or contrasting across different levels in the organization.
Core Features - Salary Benchmarking Software (3)
Dashboard
As reported in 84 Payfactors reviews.
Presents customizable compensation dashboards with data visualizations.
Industry Benchmarking
Based on 90 Payfactors reviews.
Sets compensation benchmarks based on data from industry competitors.
Hierarchy
78 reviewers of Payfactors have provided feedback on this feature.
Includes pay or crediting rules to organize salary structure into relevant hierarchy.
Auditing - Salary Benchmarking Software (1)
Reporting
75 reviewers of Payfactors have provided feedback on this feature.
Enables users to create customized reports on compensation packages for auditing purposes.
Advanced Features - Salary Benchmarking Software (3)
Structure
79 reviewers of Payfactors have provided feedback on this feature.
Includes pay rules to organize salary structure into relevant hierarchy.
Salary Survey
79 reviewers of Payfactors have provided feedback on this feature.
Generates internal or external surveys for organizations to conduct indepedent salary reach when determing benchmarks.
AI
This feature was mentioned in 68 Payfactors reviews.
Uses AI to project an appropriate salary based on job description or other datasets.
Platform - Compensation Planning (6)
Compensation Budgeting
As reported in 63 Payfactors reviews.
Structures compensation pools and pay brackets that include the pay rules to facilitate continual planning for the organization.
Merit Cycle Planning
As reported in 60 Payfactors reviews.
Manages compensation for merit cycles and transparently shares payscales when employees are eligible for raises and bonuses.
Pay Transparency
As reported in 63 Payfactors reviews.
Provides open access when it comes to company salary ranges, as well as displaying reasoning for salary decisions from management.
Automated Compliance
As reported in 60 Payfactors reviews.
Maintains compliance with corporate policies, state mandates, and federal regulations regarding compensation with builtin compliance features, including automated identification and flagging of unapproved behaviors.
Reward Structuring
As reported in 60 Payfactors reviews.
Defines the various components of compensation packages, allowance plans, base pay, bonuses, and equity.
Compensation History
63 reviewers of Payfactors have provided feedback on this feature.
Accesses employee compensation history and talent records when evaluating compensation planning strategies.
Additional Features - Compensation Planning (3)
Reporting Capabilities
This feature was mentioned in 62 Payfactors reviews.
Creates standard reports on compensation data from the company, as well as graphical representations of data displayed by analytics dashboards.
Workflow Automation
58 reviewers of Payfactors have provided feedback on this feature.
Streamlines compensation planning processes by establishing triggers and alerts that automatically notify users when their input is required.
Integrations
As reported in 58 Payfactors reviews.
Intergrates with other pay tools such as compensation management, salary and benchmarking, and pay equity software - as well as other HR solutions.
Technology Glossary Features
View definitions of the features and discover new technology terms.
Compensation history is the private information that some companies may choose to ask candidates for during the interview process. Learn about states where asking salary history is banned, the benefits of having this data, and more.
Compensation statements outline an employee’s compensation history, including all employer-provided benefits and rewards, throughout the fiscal year. Learn more about the elements included in a compensation statement and why it’s important to create one.





