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What is Payfactors?

Payfactors is a cloud-based compensation software solution that helps businesses streamline their compensation processes. It offers advanced tools for salary benchmarking, data analysis, and compensation planning.

Company Details

Payfactors
Founded in 2003
100-500 employees
Boston, Massachusetts

Features:

  • Salary benchmarking
  • Data analysis tools
  • Compensation planning
  • Market pricing analysis
  • Employee pay analysis
  • Customizable compensation reports
  • Integration with HRIS systems
  • Compliance tracking
  • Budgeting and forecasting tools

Pros & Cons

Pros

  • User-friendly interface
  • Comprehensive compensation data
  • Customizable reporting
  • Integration capabilities
  • Data security measures

Cons

  • Learning curve for new users
  • Limited customization options

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