PayScale and Payfactors combine into 600-person company, eyeing big market for compensation data
March 2, 2021 at 10:56 am
PayScale CEO Scott Torrey. (PayScale Photo)
Seattle-based compensation data and technology company PayScale is merging with Payfactors, a compensation data management company based in the Boston area, joining forces in a new effort to capitalize on growing demand from corporate leaders grappling with issues of employee pay equity and remote work.
“They’ve been a great competitor,” PayScale CEO Scott Torrey said, referring to Payfactors in an interview. “Competitors make you better and stronger. But at some point, you’d much rather join forces than continue to battle it out.”