Payfederate is a compensation management software that provides an AI-driven and data analytics platform for compensation benchmarking, budgeting, offer management, and employee communication.
The software allows organizations to establish and communicate compensation decisions as a team, blend salary surveys, peers, and other market factors to determine the market rate for a particular position, and share real-time benchmarking for budget allocations to avoid any disparity. Payfederate also offers auto job mapping, which leverages AI to analyze job descriptions and reduce the amount of manual effort to match jobs with salary surveys.
The software enables organizations to create personalized employee communications that show current pay components and future pay progression, educate employees on compensation policies, and show them how pay decisions are made and that fair pay is being enforced.
Payfederate is designed to integrate with an organization's tech stack so that employee data