Compensation technology leader Payscale has introduced two major innovations designed to transform how organizations price jobs, make pay decisions, and demonstrate the business value of compensation strategies. The new solutions—Smart Price and Payscale Compass—are now available within the company’s flagship benchmarking platform, Payfactors, marking a significant advance in compensation intelligence.
Smart Price leverages trusted, agentic AI to streamline and strengthen job pricing, an area Payscale’s research shows is becoming increasingly critical as employers expand pay transparency and compete more aggressively for talent. Powered by Payscale Verse, which blends verified HR-reported compensation data with machine-learning models, Smart Price provides clear and defensible recommendations for every role.
“Smart Price isn’t about replacing expertise. It’s about amplifying it,” said Peh Teh, Chief Product Officer at Payscale. “Whether you’re a tenured compensation professional or an HR leader juggling performance, development, and compensation, Smart Price helps you spend less time pricing so you can spend more time emphasizing the value of compensation.”
The tool guides users through four steps—defining jobs, benchmarking AI-driven matches, aligning pricing decisions with employee impacts, and publishing final updates—allowing organizations to price roles faster and with greater accuracy.
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Payscale also introduced Payscale Compass, an executive intelligence solution built to help HR and finance leaders quantify the return on compensation investments. Compass centralizes an organization’s existing compensation data and presents it through a dynamic scorecard, offering insights into four areas: investment, competitiveness, workforce health, and pay architecture.
The platform enables leaders to benchmark against peers, assess how compensation strategy influences business outcomes, and quickly identify where adjustments are needed to stay competitive. As organizations push to become more strategic partners, Compass translates compensation data into insights executives can act on.
“Both Smart Price and Compass are steps in Payscale’s journey to make compensation intelligence accessible to everyone, not just compensation pros and to communicate the outcomes of compensation in a language leadership understands,” Teh added. “These innovations lay the groundwork for what’s next — using AI to deliver pricing intelligence at scale, automatically surfacing high-quality job matches across entire catalogs to make pay decisions faster, fairer, and more consistent.”
Together, Smart Price and Compass underscore Payscale’s commitment to reshaping compensation strategy with AI, empowering organizations to move beyond job pricing and toward proving—and improving—the impact of pay on business performance.
