PayScale MarketRate Review

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Last updated: Oct 10, 2019

PayScale MarketRate Review

ITQlick rating
(4.6/5)

Starting from $219 per user/month

PayScale MarketRate software is a cloud-hosted human resource and compensation management solution that is engineered to serve businesses of every size. The solution provides precise and on-demand compensation ...

  • Categories :

    • Compensation Management
    • HR

Shlomi Lavi / updated: Oct 10, 2019

What is PayScale MarketRate?

PayScale MarketRate software is a cloud-hosted human resource and compensation management solution that is engineered to serve businesses of every size. The solution provides precise and on-demand compensation data that enable organizations to create, monitor and analyze their own compensation strategy.

PayScale MarketRate includes features that help users to build pay ranges, market differential analysis, identify hot & cold jobs, fill compensation data gaps, product training, access support, and more. Through PayScale MarketRate employers can attract and retain desired talent for various positions across the organization.

In addition, PayScale MarketRate software runs in Windows, Mac, and Web-based operating systems. Users of PayScale MarketRate software access training about the product through Documentation, Webinars, or Live Online sessions. In terms of deployment, the software offers Cloud, SaaS, and Web deployment options.

Average Rating -

The rating of PayScale MarketRate is 4.6 stars out of 5. The rating is based on ITQlick expert review.

Typical Customers

Customers of the software include small and medium businesses as well as large enterprises. Major industries where it can be used include banking and finance, retail and wholesale, automation and manufacturing, education, technology and media, and others. Some notable clients of the software include Monarch Landing, Roll Global, Filament Games, and others.

Features

The software offers instant access to current salary data and eliminates compensation guesswork. Detailed salary reports can be created and compensation reports can be protected with passwords. Additionally, compensation reports can be updated with latest market data with a few clicks. The software also offers targeted salary searches including search on various employee attributes such as education, certifications, and others.

PayScale MarketRate comes with compensation influencer charts which detail all the parameters impacting salary such as experience level, company size, education, and others. Other important capabilities include individual anonymous profiles, data source summary, benefits and bonuses, performance appraisal, and others.

Competitors & Alternatives

The two main competitors of PayScale MarketRate include StratEx and StarGarden HCM. StratEx software is a cloud-based human resource management platform that helps businesses to eliminate paper and adopt a paperless environment whereas PayScale MarketRate software is a cloud-hosted human resource and compensation management.

Both PayScale MarketRate and StratEx platforms are tailored to serve the needs of small business, large enterprises, as well as medium business in numerous industries. While StratEx software is a product by StratEx Company but in comparison, PayScale MarketRate software is a product of PayScale Company.

The two platforms also support similar operating systems including Mac, Web-based, and Windows. StarGarden HCM is an integrated, cloud-based Human Resources solution tailored for medium and large businesses while PayScale MarketRate software is a cloud-hosted human resource and compensation management platform that serves businesses of every size.

While PayScale delivers a cloud-based solution, StarGarden, on the other hand, delivers both cloud-based and on-premise solutions. StarGarden HCM is a solution by StarGarden in Canada but PayScale MarketRate software is a product of PayScale in the US.

PayScale MarketRate Pricing Information

The cost of license starting from $219 per user/month. The experts at ITQlick has reviewed PayScale MarketRate pricing and gave the software a total cost of ownership (TCO) rating of 6.4 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching PayScale MarketRate in action

Is it the right software for you?

PayScale MarketRate software is designed to offer human resource & compensation management solutions for businesses of every size including small, mid-level and large-market ones. HR Managers, Directors, VPs Compensation Managers, and VPs Finance Directors are among the individuals who can benefit from using PayScale MarketRate software. The software is ideal for learning institutions, real estate, health care, and non-profit organizations among other industries.

PayScale MarketRate Categories

Compensation Management
HR

Specifications

Company:
Address: Seattle, Washington
Website:https://www.payscale.com/
Customers: Start up, Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Cloud
Operating Systems: Mac OS, Windows, Linux

PayScale MarketRate Features

Appraisal Performance
Employee Self-Service
HR Management
Payroll
Performance Record

PayScale MarketRate Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
PayScale
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
91/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.4/10
License pricing license pricing (if provided by the software vendor)
$219 per user/month
Hosting
NA
Functionality score
7
Fit small business
Fit medium business
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
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99/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.6/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Hosting
On premise and Cloud
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15
Fit small business
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
98/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$6 per user/month
Hosting
On premise and Cloud
Functionality score
32
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
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97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.8/10
License pricing license pricing (if provided by the software vendor)
$49 per license
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Functionality score
22
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.2/10
License pricing license pricing (if provided by the software vendor)
$6 per user/month
Hosting
On premise and Cloud
Functionality score
27
Fit small business
Fit medium business
Fit large business
Software review