Comparing workday hcm vs payfactors

You are comparing workday hcm & 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.



  • Payfactors
  • Workday


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  • 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
  • Define compensation packages across all areas of your organization and around the globe using just one system. With compensation management software from Workday, you gain the insight needed to create compensation plans that attract and retain top talent.

    No two organizations handle employee pay in exactly the same way. That’s why Workday Compensation management software gives you the tools to customize compensation packages and adjust them on the fly.

    • Align employee awards with business objectives and results.
    • Define packages, plans, and programs using data from Workday and the marketplace.
    • Specify compensation components (base pay, bonuses, allowances, and so on) to measure total pay.
    • Easily calculate unique merit, bonus, and stock requirements.
    • Access contextual analytics when you need them to make better pay decisions.

    Handle country-specific regulations and manage your global workforce from an easy-to-use compensation management system.

    • Set up flexible location profiles, currency options, and allowance plans.
    • Gain insight into compensation adjustments with detailed audit reports.
    • Use allowance plans to provide global benefits options.
    • Collaborate in real time during merit reviews, giving managers visibility.

    Gain deeper insights, more automation, and fewer system integrations with a single system for HR and compensation management.

    • Use one source of data to plan, analyze, and execute compensation packages.
    • Manage job changes, ad hoc promotions, and more during compensation review.
    • Gauge an employee’s total pay to make more-informed decisions.
    • Trigger changes to compensation based on employee updates in Workday.
    • Enhance the merit review process with adjustable plan targets.


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