[ Payfactors Reviews ](https://www.g2.com/products/payfactors/reviews) [ Payfactors Reviews ](https://www.g2.com/products/payfactors/reviews) # Payfactors Features ##### ## Platform (16) Customization Allows administrators to customize to accommodate their unique processes. Includes ability to create custom objects, fields, rules, calculations, and views. Integration APIs 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 Enables users to view and transact business with the same content in multiple languages and currencies. User, Role, and Access Management Grant access to select data, features, objects, etc. based on the users, user role, and groups. Performance Is consistently available (uptime) and allows users to complete tasks reliably. Mobility Is accessible from a mobile device and by users on the go. Reporting Provides analytics tools that reveal important business metrics and track progress. Dashboards Creates dashboards to track information like open positions, current headcount, and recruiting pipeline. Reward Structuring 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 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 Access employee compensation history and talent records when evaluating compensation adjustments to inform decision making. Performance Management Integration Integrate employee performance data from a third-party performance management solution to supplement compensation history and establish pay-for-performance compensation structures. Embedded Analytics 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 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 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 Extend compensation configurations around the globe using flexible location profiles, multiple language options, and automatic currency conversion tools within the system. Show More ##### ## Basics (1) Performance Is consistently available (uptime) and allows users to complete tasks reliably. Show More ##### ## Content (2) Automation Automates some or all operation related tasks Content Creation Contains tools that allow users to create original content directly within the application Show More ##### ## Logistics (2) Integrations & APIs API's typically enable integration of data, logic, objects, etc. with other software applications. User, Role and Access Management Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. to both internal and external users. Show More ##### ## Basic Features (2) High level regression analysis Compares cohorts with complex, customizable logic for deeper analysis. Dashboard Contains customizable dashboard enabling users to visualize pay gaps. Show More ##### ## Risk Mitigation (1) Budgeting Forecasts potential budgets necessary to remediate pay inequities. Show More ##### ## Benchmarking and Equity - Compensation Management (3) Benchmarking Data Displays and compares pay equity information, comparing the parity of pay across demographics. Pay Equity Comes with native pay equity module or capabilities. Salary Bands Facilitates organizing workers into salary bands and comparing or contrasting across different levels in the organization. Show More ##### ## Core Features - Salary Benchmarking Software (3) Dashboard Presents customizable compensation dashboards with data visualizations. Industry Benchmarking Sets compensation benchmarks based on data from industry competitors. Hierarchy Includes pay or crediting rules to organize salary structure into relevant hierarchy. Show More ##### ## Auditing - Salary Benchmarking Software (1) Reporting Enables users to create customized reports on compensation packages for auditing purposes. Show More ##### ## Advanced Features - Salary Benchmarking Software (3) Structure Includes pay rules to organize salary structure into relevant hierarchy. Salary Survey Generates internal or external surveys for organizations to conduct indepedent salary reach when determing benchmarks. AI Uses AI to project an appropriate salary based on job description or other datasets. Show More ##### ## Platform - Compensation Planning (6) Compensation Budgeting Structures compensation pools and pay brackets that include the pay rules to facilitate continual planning for the organization. Merit Cycle Planning Manages compensation for merit cycles and transparently shares payscales when employees are eligible for raises and bonuses. Pay Transparency Provides open access when it comes to company salary ranges, as well as displaying reasoning for salary decisions from management. Automated Compliance 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 Defines the various components of compensation packages, allowance plans, base pay, bonuses, and equity. Compensation History Accesses employee compensation history and talent records when evaluating compensation planning strategies. Show More ##### ## Additional Features - Compensation Planning (3) Reporting Capabilities Creates standard reports on compensation data from the company, as well as graphical representations of data displayed by analytics dashboards. Workflow Automation Streamlines compensation planning processes by establishing triggers and alerts that automatically notify users when their input is required. Integrations Intergrates with other pay tools such as compensation management, salary and benchmarking, and pay equity software - as well as other HR solutions. Show More ## Top-Rated Alternatives [ ![Salary.com](https://images.g2crowd.com/uploads/product/hd_favicon/b64dd05cf838d3962c16f63f70963541/salary-com-salary-com.svg "Salary.com") Salary.com 4.4/5 (1,012) ](https://www.g2.com/products/salary-com-salary-com/reviews) [ ![Paycom](https://images.g2crowd.com/uploads/product/hd_favicon/770f0a3b32b7b97c9e00cf3c0a3a83a1/paycom.svg "Paycom") Paycom 4.5/5 (4,465) ](https://www.g2.com/products/paycom/reviews) [ ![Workday HCM](https://images.g2crowd.com/uploads/product/hd_favicon/606c76b1813abca2e96fde9dc8fa51ec/workday-hcm.svg "Workday HCM") Workday HCM 4.1/5 (1,599) ](https://www.g2.com/products/workday-hcm/reviews) [ View All Alternatives ](https://www.g2.com/products/payfactors/competitors/alternatives) ## Technology Glossary Features View full feature definition View definitions of the features and discover new technology terms. [View Glossary](/glossary) [Compensation Statements](/glossary/compensation-statements) 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. [Compensation History](/glossary/compensation-history) 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. Payfactors Comparisons ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_af9839219e24de6ef49c3bd989966b87/marketpay.png "Product Avatar Image") Marketpay 4.4/5 (273) [ Compare Now ](https://www.g2.com/compare/marketpay-vs-payfactors) ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_dc89c53a0a43e4b6f2e99d76bfbdac74/salary-com-salary-com.png "Product Avatar Image") Salary.com 4.4/5 (1,022) [ Compare Now ](https://www.g2.com/compare/payfactors-vs-salary-com-salary-com) ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_8395387ee44810a236a1b25a8f94b413/workday-hcm.png "Product Avatar Image") Workday HCM 4.1/5 (1,687) [ Compare Now ](https://www.g2.com/compare/payfactors-vs-workday-hcm) ##### Categories on G2 [ Compensation Planning ](https://www.g2.com/categories/compensation-planning)[ Job Description Management ](https://www.g2.com/categories/job-description-management)[ Compensation Management ](https://www.g2.com/categories/compensation-management) [ Pay Equity ](https://www.g2.com/categories/pay-equity)[ Salary Benchmarking ](https://www.g2.com/categories/salary-benchmarking) Show More ##### Explore More [ Google Cloud BigQuery reviews ](https://www.g2.com/products/google-cloud-bigquery/reviews)[ Best text-to-image tools for rapid blog post thumbnail creation ](https://www.g2.com/discussions/best-text-to-image-tools-for-rapid-blog-post-thumbnail-creation)[ Best cloud-based CRM for service industry ](https://www.g2.com/discussions/crm-best-cloud-based-crm-for-service-industry) [ Popular sales training systems for mobile teams ](https://www.g2.com/discussions/popular-sales-training-systems-for-mobile-teams)[ Best biometric authentication software for mobile apps ](https://www.g2.com/discussions/best-biometric-authentication-software-for-mobile-apps)[ Pros and Cons Details ](https://www.g2.com/products/payfactors/reviews?qs=pros-and-cons) Show More [ Google Cloud BigQuery reviews ](https://www.g2.com/products/google-cloud-bigquery/reviews)[ Best text-to-image tools for rapid blog post thumbnail creation ](https://www.g2.com/discussions/best-text-to-image-tools-for-rapid-blog-post-thumbnail-creation)[ Best cloud-based CRM for service industry ](https://www.g2.com/discussions/crm-best-cloud-based-crm-for-service-industry) [ Popular sales training systems for mobile teams ](https://www.g2.com/discussions/popular-sales-training-systems-for-mobile-teams)[ Best biometric authentication software for mobile apps ](https://www.g2.com/discussions/best-biometric-authentication-software-for-mobile-apps)[ Pros and Cons Details ](https://www.g2.com/products/payfactors/reviews?qs=pros-and-cons)