Payfederate
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About
Payfederate is an AI-powered compensation platform for job pricing, salary ranges, pay communications, and job offers. It streamlines enterprise compensation management and optimizes compensation strategies with advanced compensation management software. It offers features such as AI job mapper, job catalog with AI-generated jobs and digital employee total rewards. Payfederate views AI, especially generative AI and natural language processing, as fundamental to the next wave of productivity. It is utilized to recommend job matches for internal roles to benchmark data, to generate consistent job descriptions, and to generate job postings that fit within the job architecture.
Platform
Features
• api data connectors
• offer workflow and digital offers
• digital employee total rewards
• job catalog with ai generated jobs
• ai job mapper
• range manager
FAQs
What can I do with Payfederate?
Payfederate enables you to integrate your market data with internal salary ranges and employee data to create, optimize, and connect your compensation structure.
Who in my organization will have access to Payfederate?
The key users are those in your organization that manage and benchmark jobs. You choose who gets access beyond that team. Ideally, the talent acquisition team, management, and employees will have access to the data and analysis they need.
What job architectures does Payfederate support?
We support your job architecture, whether it is a collection of jobs, a structure of salary grades, or a more robust architecture with multiple geography differentials, levels, grades and jobs, providing unparalleled flexibility in a compensation management software.
Does Payfederate provide compensation planning -the annual salary review process?
No. The compensation planning process is closely linked to payroll and is often custom to each organization. Payfederate provides planning tools to align the budget for your next review cycle with your compensation strategy, allowing you to run your existing process more effectively.
Does Payfederate provide salary benchmarking data?
No. There are many sources of benchmarking including survey data providers. The best practice is for organizations to select a core data source and add data from specific local or vertically oriented sources. We provide a tool to integrate the data for application to your compensation philosophy.
How does Payfederate support benchmarking jobs?
Most tools from data providers focus on their data, while we start with your internal ranges that you share and must defend with your employees. We integrate your choice of market data to inform your internal ranges and allow you to see how employees and candidates will be affected by changes to your internal ranges.
How does Payfederate map internal jobs to benchmark jobs?
Matching your jobs to the correct benchmark is a tedious and manual process with only vague job titles as a guide. Payfederate uses a proprietary AI algorithm to match key elements out of your job description with the benchmarking job descriptions to make job matching faster, easier, and more accurate.
Can I manage my job descriptions in Payfederate?
Yes! It’s key to have a system to manage job descriptions to ensure employees doing similar work are treated fairly. Payfederate offers a job catalog to ensure consistency in job descriptions, and to ensure that specific roles are nested under the correct job.
How do I create a new job?
Payfederate offers a generative AI tool to create a job description from your template with just a few key word inputs. Our AI engine also provides a recommendation for where a new job fits in your job architecture and proposes a salary range for that role.
What is included in the digital total rewards statement?
Everything you believe is part of your rewards package. This includes base pay, variable pay, long term incentives like stock, one-time bonuses, and the value of benefits. We also provide history and a section of FAQ so you can help position rewards when the employee is actively focused on their pay.
How do my employees access their Total Rewards statement?
We can provide links from your employee portal or distribute links via email and make statements available on-demand, or we can make the statements available to employees during windows that you define.
Is Payfederate a recruiting solution/Applicant Tracking System (ATS)?
No. Recruiting tools are optimized to find candidates and manage the recruitment process. Payfederate integrates with and supports you ATS by making it easy to create job postings that flow into the ATS, and once you decide to make an offer, we enable creation, communication, and negotiation of the offer.
How does a candidate receive an offer?
You can provide a custom link to the candidate or download and print the offer to send a more traditional version.
What data is required for Payfederate?
The starting point is your current employee data and any compensation structure you have in place. You can add your current source(s) of market data and information on your candidate pipeline, but those can come later.
What systems does Payfederate integrate with?
We integrate with 3 sources of data – your employee data from your HR system, your candidate data from your recruiting system, and your market data provider. We can either integrate via API or ingest files.
Pricing Plans
Basic
$500.00 / month• Employees - Up to 500
• Range Manager
• AI Job mapper - Up to 2 benchmark sources
• Job catalog with AI generated jobs
• 30-day free trial
• Digital Employee Total Rewards
• Support - Customer portal
Growth
$499.00 / month• Everything in Basic
• Employees - Up to 1500
• AI Job mapper -Up to 5 benchmark sources
• Offer workflow and digital offers
• API data connectors
• Support - Assigned compensation professional
Enterprise
Unknown Price• Everything in Growth
• Employees - Unlimited
• AI Job mapper - Up to 2 benchmark sources
Tier I
Unknown Price• No. of Employees - 1-10
• Job Description Integration - Unlimited
• Benchmark Survey Consolidation - Up to 5
• Client Data Integration - Unlimited
• AI Job Matching - Unlimited
• Structure Building - Unlimited
• Analytics and Visualization - Included
• Optional Affiliate Subscriptions - Available
Tier II
Unknown Price• Everything in Tier I
• No. of Employees 11-50
• Benchmark Survey Consolidation - Up to 10
Tier III
Unknown Price• Everything in Tier II
• No. of Employees 50+
• Benchmark Survey Consolidation - Unlimited
Job Opportunities
There are currently no job postings for this AI tool.
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