April 2, 2020

PeopleStrategy Partners with Payfactors to Deliver Enhanced Compensation Management

PeopleStrategy Partners with Payfactors to Deliver Enhanced Compensation Management

PeopleStrategy, Inc., a full-service brokerage and provider of comprehensive, cloud-based human capital management (HCM) solutions, and Payfactors, a provider of cloud-based compensation data management tools have partnered to offer small and mid-sized businesses access to the data they need to make smart decisions about compensation.

“PeopleStrategy and Payfactors have a shared commitment to leveling the playing field for small businesses,” said PeopleStrategy CEO, Randy Cooper. “By incorporating Payfactors into our compensation planning tool, our clients can obtain accurate, timely pay data to help them make more educated decisions around pay. Gone are the days of relying on outdated salary surveys or colleagues.”

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Earlier this year, Payfactors Free was launched to provide all companies access to pay data that’s 100 percent sourced from other HR professionals.  In addition to Payfactors Free, the companies will be developing a deeper integration of Payfactors salary survey data into PeopleStrategy’s compensation planning functionality in a future release.

“Payfactors Free is all about giving everyone data that’s reliable, timely, and relevant to them. PeopleStrategy is all about helping small business be more competitive by delivering the tools and services that benefit employees and the people who manage them,” said John Sutliffe, GM of Payfactors Free. “Partnering with a company that shares your goal to make a difference in the SMB space and that can help you achieve that goal is very exciting.”

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PeopleStrategy also launched a new solution this year – the human capital management (HCM) bundle. Designed to better support professionals looking to build and execute a successful HR strategy while saving their organizations time and money, the HCM bundle marries the company’s hire-to-retire HR platform with its world-class employee benefits and administrative services for a comprehensive HCM solution from a single provider.

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TecHR News Desk

The TecHR News Desk represents a team of tech journalists who coordinate trending stories and breaking news on behalf of the TecHR Series newsroom.

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