Payfactors Features

Allows administrators to customize to accommodate their unique processes. Includes ability to create custom objects, fields, rules, calculations, and views.

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.

Enables users to view and transact business with the same content in multiple languages and currencies.

Grant access to select data, features, objects, etc. based on the users, user role, and groups.

Is consistently available (uptime) and allows users to complete tasks reliably.

Is accessible from a mobile device and by users on the go.

Provides analytics tools that reveal important business metrics and track progress.

Creates dashboards to track information like open positions, current headcount, and recruiting pipeline.

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.

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.

Access employee compensation history and talent records when evaluating compensation adjustments to inform decision making.

Integrate employee performance data from a third-party performance management solution to supplement compensation history and establish pay-for-performance compensation structures.

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.

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.

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.

Extend compensation configurations around the globe using flexible location profiles, multiple language options, and automatic currency conversion tools within the system.

Is consistently available (uptime) and allows users to complete tasks reliably.

Automates some or all operation related tasks

Contains tools that allow users to create original content directly within the application

API's typically enable integration of data, logic, objects, etc. with other software applications.

Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. to both internal and external users.

Compares cohorts with complex, customizable logic for deeper analysis.

Contains customizable dashboard enabling users to visualize pay gaps.

Forecasts potential budgets necessary to remediate pay inequities.

Displays and compares pay equity information, comparing the parity of pay across demographics.

Comes with native pay equity module or capabilities.

Facilitates organizing workers into salary bands and comparing or contrasting across different levels in the organization.

Presents customizable compensation dashboards with data visualizations.

Sets compensation benchmarks based on data from industry competitors.

Includes pay or crediting rules to organize salary structure into relevant hierarchy.

Enables users to create customized reports on compensation packages for auditing purposes.

Includes pay rules to organize salary structure into relevant hierarchy.

Generates internal or external surveys for organizations to conduct indepedent salary reach when determing benchmarks.

Uses AI to project an appropriate salary based on job description or other datasets.

Structures compensation pools and pay brackets that include the pay rules to facilitate continual planning for the organization.

Manages compensation for merit cycles and transparently shares payscales when employees are eligible for raises and bonuses.

Provides open access when it comes to company salary ranges, as well as displaying reasoning for salary decisions from management.

Maintains compliance with corporate policies, state mandates, and federal regulations regarding compensation with builtin compliance features, including automated identification and flagging of unapproved behaviors.

Defines the various components of compensation packages, allowance plans, base pay, bonuses, and equity.

Accesses employee compensation history and talent records when evaluating compensation planning strategies.

Creates standard reports on compensation data from the company, as well as graphical representations of data displayed by analytics dashboards.

Streamlines compensation planning processes by establishing triggers and alerts that automatically notify users when their input is required.

Intergrates with other pay tools such as compensation management, salary and benchmarking, and pay equity software - as well as other HR solutions.