PayScale MarketRate Review - why 4.6 stars?

PayScale MarketRate Review
ITQlick Score: 91/100
ITQlick Rating: (4.6/5)
Pricing: 6.4/10 - high cost
Category: HR Department -> PayScale MarketRate
Ranking:Ranked 1 out of 21 HR Department systems
Company: PayScale, Inc.
Pricing: starts at $219 per user/month
Typical customers: Start up, Small business, Medium business, Large business
Platforms: Desktop, Cloud
Links: PayScale MarketRate pricing, PayScale MarketRate alternatives

Shlomi LaviShlomi Lavi / updated: Mar 15, 2022

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What is PayScale MarketRate and its features?

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.

What is PayScale MarketRate rating?

The rating of PayScale MarketRate is 4.6 stars out of 5 and the total score is 91 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses PayScale MarketRate?

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.

Is it easy to use?

Yes, PayScale MarketRate makes it fairly easy to use. This product is user friendly and intuitive.

Is PayScale MarketRate cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

No, currently PayScale MarketRate can't be accessed on mobile, you would need to access it from your computer.

Is PayScale MarketRate the best HR Department system?

PayScale MarketRate is ranked 1 out of 21 software in their category (HR Department systems).

What are their main features and functionalities?

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.

Who are their main 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.

What is the cost of PayScale MarketRate?

The cost of license starts at $219 per user/month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6.4 out of 10 (10 is most expensive). You can find here the REAL total cost breakdown for PayScale MarketRate.

What should you ask PayScale, Inc. during a demo session? (65 questions)

Schedule a demo with PayScale MarketRate and access 65 must ask questions for the vendor while watching PayScale MarketRate in action. Visit the vendor's website here.

Where PayScale MarketRate is used?

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.

List of categories

Compensation Management
HR Analytics

List of features

Appraisal Performance
Employee Self-Service
HR Management
Payroll
Performance Record

PayScale MarketRate Vs. Alternatives

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.