Today’s employees expect transparency, fairness, and flexibility in compensation. Payfederate makes it easy to meet those expectations by providing the tools to implement modern
compensation practices.
Payfederate offers a comprehensive set of features designed to streamline and optimize compensation strategies for organizations. The platform ensures that pay structures are adaptable, competitive, and compliant with labor laws, while enhancing employee engagement through fair compensation.
Key Features:
JOB CATALOG: Maintain job codes and descriptions
JOB DESCRIPTIONS: Use structured generative AI based on templates, knownj ob architecture details, and user inputs to create consistent job descriptions
JOB MATCHER: AI matching of employer jobs to multiple survey jobs; create composite market targets based on multiple matches
JOB ARCHITECTURE: Create, view and modify job architecture with flexible career leveling and job function hierarchy
CREATE RANGES: Either manually or via different regression models, create range tables and edit midpoint differential and range spread to optimize fit
MARKET PRICING:Consolidated view of job description, market target with matched survey jobs, real-time job posting data, adjacent internal jobs to enable fine tune adjustments
RANGE MANAGER: Visualize placement of employees within salary ranges based on job architecture, location, grade, or career level; identify employees below or above range and possible new hire pay compression challenges; create budget scenarios for merit planning market adjustments
JOB POSTING: Leverage job catalog and AI to create job postings with appropriate pay range for export to ATS/recruiting software
NEW HIRE OFFERS: Import new hire candidates from ATS and share position in internal ranges and assess internal equity for offers and counteroffers
EMPLOYEE STATEMENTS: Provide employees and managers with a comprehensive view of total rewards in a visually compelling representation of base pay, STI, LTI and benefits
ANALYTICS & REPORTS: Explore scenarios and analyze structures for gender equity, geography differentials, compa ratio, and range penetration. Generate 1-click reports for survey submissions, new survey comparisons, and custom reports defined by user