Last updated on
Ratings
MarketPay description
MarketPay is a global compensation management software designed for mid-size to large companies. It allows you to manage salary surveys, benchmark jobs against market data, model different pay scenarios, and analyze workforce compensation trends. The software combines Payscale's salary data with your internal information to provide a comprehensive view of your company's pay competitiveness. This helps you make informed decisions about salaries, budgets, and pay equity.
Who is MarketPay best for
MarketPay is a global compensation management software designed for mid-size to large businesses. It helps manage salary surveys, benchmark jobs, model pay scenarios, and analyze compensation trends. Users love its centralized platform and helpful customer support. However, some find the search and reporting functionalities challenging. MarketPay combines Payscale's data with internal info for a comprehensive view of pay competitiveness.
-
Best fit for medium to large enterprises seeking to optimize compensation strategies.
-
Ideal for Finance, Healthcare, Real Estate, Software/IT, Professional Services, and Non-profit/Government organizations.
MarketPay features
| Supported MarketPay offers a large salary database and market insights for compensation decisions. |
| Supported MarketPay supports salary benchmarking, pay equity analysis, and compensation planning. |
| Supported Payscale supports salary benchmarking, but not under the name "MarketPay". |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Scalability
MarketPay reviews
We've summarised 203 MarketPay reviews (MarketPay G2 reviews) and summarised the main points below.
- Centralized platform for job and pricing data management across multiple countries and currencies
- Facilitates creation and modification of salary structures
- Useful for market matching and staying competitive
- Excellent customer support; responsive and helpful team
- Difficult to search for relevant market data
- Survey participation features oversold
- Inefficient search function in market pricing; lacks relevancy sorting
- Reporting module complex and difficult to understand
MarketPay pricing
The commentary is based on 20 reviews from MarketPay G2 reviews.
MarketPay reviews frequently cite its helpful pricing tools and efficient market analysis capabilities. While some users mention pricing of the software itself can be high, many find its features valuable for benchmarking, salary surveys, and overall compensation management.
Users sentiment
See the MarketPay pricing page.
MarketPay alternatives
FiguresMore focused on European markets. Has Workday integration. Shows some website traffic growth, but declining employee growth. Fewer user reviews available.Read more
HireologyBetter for multi-location businesses focused on applicant tracking, onboarding, and HR analytics. More suitable for retail automotive, healthcare, and hospitality industries. Caters to businesses with high-volume hiring needs.Read more
PayfactorsBetter suited for companies of all sizes and broader industry coverage, especially retail, consumer goods, manufacturing, education, and hospitality. More user-friendly quick pricing tool praised by users. However, note the user interface is considered less intuitive and international data availability is limited.Read more
Descartes MacroPointBetter for supply chain visibility, particularly shipment tracking and logistics. More suitable for freight brokers, shippers, and carriers. Higher rated by users but some report inconsistent updates.Read more
PaycorBetter suited for companies seeking broader HR functionalities beyond compensation. Caters to a wider range of industries including retail, manufacturing, and professional services. Note that users report Paycor has less responsive customer support and more difficult navigation.Read more
100HiresBetter for smaller businesses needing applicant tracking and AI-powered hiring tools. Focuses on streamlining hiring processes through automation and integrations. 100Hires is a MarketPay competitor and alternative.Read more
MarketPay FAQ
What is MarketPay and what does MarketPay do?
MarketPay is a global compensation management software for mid-size to large businesses. It helps manage salary surveys, benchmark jobs, model pay scenarios, and analyze compensation trends, enabling data-driven decisions about salaries, budgets, and pay equity. It combines Payscale's salary data with internal company information.
How does MarketPay integrate with other tools?
MarketPay integrates with Payscale's compensation data and internal HR systems. It centralizes job and pricing data across multiple countries and currencies, enabling streamlined salary structure creation and modification. This facilitates market matching and competitive compensation analysis.
What the main competitors of MarketPay?
Alternatives to MarketPay include Payfactors, Figures, and ADP Workforce Now. Payfactors offers similar compensation management features. Figures focuses on European markets, and ADP Workforce Now provides a broader HR suite including payroll and benefits.
Is MarketPay legit?
MarketPay is a legitimate compensation management software. Reviews on G2 rate it 4.4/5, praising its centralized platform and helpful customer support. However, some users find the search and reporting functionalities difficult to use. Consider these factors to determine if MarketPay is safe and suitable for your needs.
How much does MarketPay cost?
MarketPay doesn't publicly disclose pricing information. Contact their sales team for a custom quote based on your specific business needs and transaction volume. Consider requesting a product demo to evaluate if MarketPay is worth it for your organization.
Is MarketPay customer service good?
MarketPay's customer service receives positive feedback overall. Users highlight the responsiveness and helpfulness of the support team and account managers. However, some have experienced difficulty with problem resolution and online-only support.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.