Comparing paycom vs payfactors

You are comparing paycom & payfactors on Analyzo. We have listed all the features for both these products in the table below, enabling you to view and compare features across them easily. Analyzo has listed the best products in Compensation Management Software, you can narrow down products based on their prices, features and your requirements. Click here to see other products in Compensation Management Software.

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Companies

  • Paycom
  • Payfactors

Pricing

  • On Request
  • On Request

Descriptions

  • With Paycom’s all-in-one software, you can boost employee satisfaction – and control salary budgets – by linking performance with compensation. Cloud-based convenience streamlines the review process among employees, managers and HR. Pay increases automatically update to payroll. You also can see analytics on head count, turnover, overtime and more.

    Paycom is an online talent management tool with full pay data integration. With compensation and performance information in one system, you gain insight to control salary budgets and ensure compensation increases are equivalent with contribution. Once increases are approved, they automatically update payroll, saving time and ensuring accuracy.

    Key features -

    • Generate Compa-Ratio and Merit Budget reports.
    • Create a Merit Matrix with your Merit Budget, Performance Rating Scale and Compa-Ratios.
    • Adjust your Merit Matrix as needed including awarding lump sums.
    • Automatically upload new rates to payroll.
  • Payfactors gives you the compensation data that matters most to you. Payfactors' collaborative solution puts you and your team at the center of it all, thanks to our easy-to-access, revolutionary technology.

    With Payfactors, you’ll spend more time on what really matters: Attracting and retaining the best talent. Focusing on actions, decisions, and results. You know, the things that got you into comp in the first place, and the things that get the C-suite paying attention.

    Payfactors is a full suite of compensation data management tools. It helps get rid of the manual processes that eat up all your time, and integrate all your data sources and surveys into one simple, seamless spot.

    Key features -

    • Access Payfactors’ data from over 2K surveys, covering 156 unique industries and sub-industries
    • Quickly assess multiple markets at the same time, and benchmark against the companies you care about
    • Customized pay markets are designed specifically for your industry, size, and geographic locale
    • Search across single or multiple surveys with our user-friendly interface
    • Year-over-year analysis makes automated survey participation easy
    • Analyze your compensation strategy’s competitiveness and identify issues before they become problems
    • Easily drag and drop data elements and conduct tabular analysis
    • Create or export beautiful data visualizations
    • Get hands-on access to the most granular, real-time information that’s specific to you
    • Set up a closed group with only the companies you care about, or benchmark your data against a set of companies that you select
    • Access the most real-time data available, from only the sources you care about

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