Eliminate spreadsheets and disconnected tools. Market Pay provides precise, actionable insights, so your pay strategies stay aligned to the real market, not broad estimates.
Stay competitive with market-informed pay ranges, provided by SALARY.COM®, that supports stronger offers, more consistent adjustments, and fewer “out-of-band” exceptions.
Support pay transparency and pay equity efforts with defensible benchmarks and consistent role pricing—helping reduce bias and improve internal trust.
With real-time market pay data, provided by SALARY.COM®, make intentional tradeoffs — lead, meet, or lag the market by role — so compensation aligns with budget, workforce plans, and business priorities.
Compensation benchmarking software helps organizations compare salaries against current market rates, ensuring competitive, fair, and data-driven pay decisions. By analyzing industry, role, and location-based salary data, it enables companies to build accurate compensation structures, maintain pay equity, and stay competitive in hiring and retention.
Compensation benchmarking improves employee trust by ensuring pay is fair, competitive, and based on transparent market data. By comparing salaries against industry standards, organizations can identify and address pay gaps, support pay equity, and make consistent, data-driven compensation decisions. This transparency and fairness help build confidence among employees, increase engagement, and strengthen retention.
Market Pay, built directly within Paylocity suite, uses data provided by SALARY.COM® to deliver precise, up-to-date compensation benchmarks. Unlike third-party marketplace integrations, Market Pay provides administrators with seamless access to granular pay data, provided by SALARY.COM®, by role, industry, and location — supporting more precise compensation planning, pay equity analysis, and market-aligned pay decisions.
Compensation benchmarking helps organizations make competitive, data-driven pay decisions by comparing salaries and total compensation to current market rates. Key benefits include improved talent attraction and retention, stronger pay equity and fairness, better budget control, and more accurate salary structures. It also reduces guesswork by providing reliable market data for compensation planning and performance-based pay decisions.
Market Pay supports pay transparency and compliance with equal pay laws by providing access to compensation data, provided by SALARY.COM®. It helps organizations identify pay gaps, ensure equitable compensation across roles and demographics, and document data-driven decisions. With built-in insights and reporting, Market Pay makes it easier to align with pay transparency requirements, reduce compliance risk, and promote fair, consistent pay practices.
