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What is Payfederate?

Payfederate represents an innovative approach to compensation management that leverages artificial intelligence to enable businesses to fine-tune and optimize their pay strategies by integrating job pricing, salary structures, benchmarking, and compensation communications into one cohesive platform. It boasts a wide range of features for developing and modifying job profiles, managing an internal job catalog effectively, and generating standardized AI-enhanced job descriptions while ensuring compliance and the use of inclusive language. By utilizing real-time market benchmarking and advanced AI matching, it connects internal positions with external market data, defines competitive salary ranges, and evaluates the financial ramifications of compensation choices. Additionally, its robust visual analytics and reporting tools offer critical insights into employee distribution across pay ranges, compensation trends over time, and detailed views of total rewards, which include base pay, bonuses, and benefits. Payfederate also streamlines the offer creation process with its interactive functionalities and advocates for internal equity assessments, thereby facilitating collaboration among HR, recruitment, and finance teams for a unified compensation management strategy. This comprehensive platform not only empowers organizations to make well-informed pay decisions but also plays a crucial role in attracting and retaining high-caliber talent in a competitive market. Ultimately, Payfederate stands out as a vital resource for companies aiming to enhance their compensation strategies effectively.

What is LaborIQ?

LaborIQ, developed by ThinkWhy, is a leading player in talent technology, delivering accurate compensation data for over 20,000 job roles across numerous U.S. cities and sectors. The platform provides users with unlimited reporting options and access to salary information that is underpinned by an enormous database comprising 3 trillion data points and payroll data from more than 400,000 companies. Users can leverage extensive employment analytics and forecasting, insights on talent availability and wage expectations, as well as salary benchmarking and customizable reporting features to refine their workforce strategies and business planning. With solutions that are informed by data for modern talent acquisition needs, users benefit from unrestricted access and versatile reporting functionalities. This platform facilitates salary comparisons across various positions in every U.S. city, giving organizations critical insights into compensation trends necessary for attracting high-caliber talent. Additionally, it enables companies to identify potential pay inequities and retention issues early in the process, thereby reducing ambiguity during recruitment. Consequently, this leads to faster hiring processes and recruitment decisions, providing timely insights on talent availability and compensation that align with current market dynamics. By transforming complex data into actionable insights, LaborIQ enhances your hiring initiatives and strengthens your decision-making framework, ultimately driving organizational success. In a competitive job market, having access to such detailed information allows businesses to make informed strategic choices that can significantly improve their talent acquisition outcomes.

Media

Media

Integrations Supported

ADP Global Payroll
Darwin
Dayforce
Oracle APM
PayParity
Salary.com
UKG Pro
Workday Recruiting

Integrations Supported

ADP Global Payroll
Darwin
Dayforce
Oracle APM
PayParity
Salary.com
UKG Pro
Workday Recruiting

API Availability

Has API

API Availability

Has API

Pricing Information

$500 per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Payfederate

Date Founded

2023

Company Location

United States

Company Website

payfederate.ai/

Company Facts

Organization Name

ThinkWhy

Date Founded

2018

Company Location

United States

Company Website

thinkwhy.com

Categories and Features

Compensation Management

Bonus Management
Compensation Assessment
Compensation Calculation
Compensation Plan Modeling
Compensation Statements
Employee Reward Programs
Incentive Programs
Organizational Charting
Salary Planning

Categories and Features

Compensation Management

Bonus Management
Compensation Assessment
Compensation Calculation
Compensation Plan Modeling
Compensation Statements
Employee Reward Programs
Incentive Programs
Organizational Charting
Salary Planning

Recruiting

Assessments
Background Screening
CRM
Interaction Tracking
Internal HR
Interview Management
Job Board Posting
Job Requisition
Onboarding
Recruiting Firms
Reference Checking
Resume Parsing
Self Service Portal

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