Best Compensation Management Software

Compensation management software helps organizations plan and administer employee compensation packages. Compensation management systems are used to manage salaries through an administrative dashboard, develop merit matrices, and report on company compensation data. Organizations use compensation management software to view and adjust compensation policies, plan employee bonuses, and recommend pay adjustments. Compensation management systems are most commonly implemented by HR departments, enabling managers to develop streamlined compensation strategies for their teams. With compensation management software, organizations can ensure equitable employee compensation and optimize salary budgets. Compensation management software can be implemented either as a standalone solution or as part of an integrated HR management suite. Many compensation management systems integrate with performance management software to incorporate employee performance data into compensation decisions. Some compensation management products offered as part of a suite may also include sales compensation capabilities.

To qualify for inclusion in the Compensation Management category, a product must:

  • Provide a centralized dashboard to visualize compensation data
  • Enable users to publish internal compensation policies and facilitate diverse bonus structures
  • Help users create comprehensive salary budgets
  • Allow simple exporting and importing of compensation data for reporting purposes
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    One System Matters Paycom offers the only full HR solution contained in one database. So, the technology you use to hire new employees is the same tech you use to pay your workforce, comply with regulations, train your people and much more. It is all there – all of your workforce data – in one system, and that is important. We help businesses streamline their employment processes from recruiting to retirement and everything in between. Our Talent Acquisition, Time and Labor Management, Payroll, Talent Management and HR Management systems operate from a single database, eliminating redundant data entry and the integration of multiple systems.

    Payfactors
    (186)4.3 out of 5
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    Payfactors is a full suite of cloud-based compensation data management tools, built using revolutionary technology. Our collaborative solution puts you and your team at the center of it all. We get rid of the manual processes that eat up all your time, and integrate all your data and survey sources into one simple, seamless spot.

    Ultimate Software’s UltiPro® cloud HR, payroll, and talent solution helps organizations improve the employee experience at all levels, beginning with personalized recruiting and onboarding that fosters long-term relationships and continuing with convenient, role-based access to pay, benefits, and development information. With UltiPro, HR can rapidly process payroll; leverage flexible time solutions; offer a modern approach to learning; facilitate productive performance, succession, and compensation management; and measure employee sentiment using advanced survey technology. Most importantly, UltiPro is supported by powerful business intelligence across all its solutions that helps organizations drive smarter, people-focused results.

    Workday Human Capital Management is built as a single system with a single source of data, single security model, and single user experience. Workday offers organizations a cloud-based system that evolves to meet changing business needs today and into the future. The user-friendly, global system also ensures that customers are always on the latest version with up-to-date capabilities, whether they’re using Workday on a browser or mobile device. Workday HCM is part of a single system with other Workday products including Workday Financial Management, Workday Payroll (for the U.S., Canada, France, and the UK), Workday Recruiting, Workday Learning, Workday Planning, and more. Key product areas: Human Resource Management Organization Management Business Process Management Reporting and Analytics Employee and Manager Self-Service Absence Management Benefits Administration ACA Management Compensation Management Performance and Goal Management Talent Management Survey Framework Contingent Labor Management

    PeopleSoft
    (109)3.8 out of 5
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    Oracle's PeopleSoft applications are designed to address the most complex business requirements. They provide comprehensive business and industry solutions, enabling organizations to increase productivity, accelerate business performance, and provide a lower cost of ownership.

    PayScale MarketPay delivers a modern solution that is easy to use and gives companies the insights necessary to make smart pay decisions. With MarketPay’s best in-class tools, you will price jobs correctly, influence pay strategies, and provide accurate data to executives quickly, without the risk of error. Automate Manual Processes: Focus on more strategic work and eliminate manual tasks by automating your market data and survey participation. Utilize Powerful Analytics: Natively integrated with Tableau, you can make informed decisions and deliver impactful insights by leveraging big data to make powerful data visualizations and dashboards. Mitigate Risk: Deliver accurate analysis so your organization can reduce and eliminate risks as new regulations arise.

    Workday is a leading provider of enterprise cloud applications for finance, HR, and planning that delivers financial management, human capital management, and analytics applications designed for the worlds largest companies, educational institutions, and government agencies.

    Salary.com is the leading enterprise resource for compensation data, software, and consulting. Serving more than 8,000 customers worldwide, we deliver smart, integrated compensation management solutions that empower compensation and HR professionals get pay right. Salary.com is one of the top three compensation data providers in the US, offering both HR-reported aggregate market data and traditional salary surveys. Our CompAnalyst Market Data delivers accurate, up-to-date market pricing information for more than 15,000 unique job titles, as well as hard-to-find data items like hot job pricing data, long- and short-term incentive data, and embedded public executive proxy data. Our Compdata and IPAS surveys offer data from more than 25,000 participating organizations across 14 industries and 100 countries. Salary.com's award-winning CompAnalyst for Enterprise platform offers market-leading compensation technology solutions like intuitive salary structures, one-click survey participation and management, geographic labor cost forecasting, self-service reports, comprehensive visual analytics, and more. Paired with our robust compensation and benefits data, along with our strategic consulting engagements, Salary.com offers a complete compensation management suite for your business.

    PayScale
    (114)4.4 out of 5
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    PayScale uses fresh data and smart software to construct and manage your comp strategy, while creating a culture of transparency by empowering managers to communicate pay with employees. Since 2002, PayScale has built and optimized the largest salary database in the world. This database is monitored and maintained by a team of data scientists who collect, clean, and validate millions of pieces of data on an ongoing basis to ensure you have the most up to date information.

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    Oracle Talent Management manages core talent management processes that keep your talent engaged, and be more strategic and productive in their work. It allows you to review and analyze your talent, nurture and retain important skills, provide career opportunities, coach them to attain their goals and improve performance, conduct talent reviews, and plan ahead for succession to optimize bench strength.

    SAP SuccessFactors innovates everyday to help your people and your organization perform at their best. By connecting your people to your organization's purpose, we help transform the employee experience.

    COMPview™ is the global leader in compensation management software that systematically guides, controls and simplifies the development and allocation of merit, bonus and equity awards to drive employee engagement, performance and retention. Suitable for organizations with 1,000+ employees, COMPview is intuitive, configurable and proven to streamline even the most complex compensation plans, COMPview allows HR leaders to define, oversee and control the entire compensation cycle from budget modeling, to award allocations within different rules and different budgets, to employee communication. Further, it empowers line managers to make more strategic award decisions based on performance and potential, while providing HR with real-time visibility into the decisions being made on an employee-by-employee basis.

    Empower organizational growth with the centralization, automation and accuracy of all employee data.

    Everything you need to win with talent: Cloud-based solutions, best-practice resources, proven expert services and a vibrant customer community. Saba Software, offers an organically built cloud-based talent management suite — Saba TalentSpace™ — that reinforces and drives higher employee performance across all talent programs — whether that’s performance management, learning and development, succession and leadership, compensation or recruiting. The suite of applications are designed from the ground up to work together to drive performance, offering a consistent and user-friendly interface for every user. Saba TalentSpace offers industry-specific solutions to address the unique requirements and challenges of companies in healthcare, professional services, manufacturing, the public sector and more. Drive exceptional business outcomes with these award-winning talent management solutions: • Performance Management: Saba's agile performance management solution includes everything you need to establish a culture of ongoing feedback and coaching so you can align, engage and inspire your people to achieve the results that matter to your business. • Learning & Development: Saba's learning and development solution in TalentSpace gives you everything you need to develop a highly skilled and engaged workforce. It’s a high-impact learning solution that connects on-the-job learning, continuous coaching and formal learning activities directly to your business strategy. • Succession & Leadership: With Saba TalentSpace Succession, you can build deep bench strength and strong leadership skills across all critical areas of your business by creating competency-based talent pools that nurture top talent and ensure you retain a highly skilled and engaged workforce. • Compensation: With the TalentSpace Compensation solution, the process is simplified for everyone, and you can create a strong pay-for-performance culture based on objective, transparent processes that align rewards directly with performance. • Recruiting & Onboarding: With TalentSpace, you can attract and engage new hires with a seamlessly integrated recruiting and onboarding experience, including coaching and development, to accelerate the performance results that matter to your business.

    CompensationXL
    (29)4.4 out of 5
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    CompXL is the most flexible and the most affordable compensation planning suite on the market today. The ultra-configurable compensation planning software supports MERIT, BONUS, Long Term Awards, and Total Reward Statements in one easy to use solution. If your organization is looking to automate a manual (excel plus email) process or if you are just looking to fill requirements that your current system can’t support, CompXL is the solution.

    Streamlines and simplifies how businesses TRACK, MANAGE, and REPORT EQUITY COMPENSATION. - visibility into real-time equity compensation data - financial reporting to meet all SEC and proxy requirements, including FAS123R/ASC718 - flexibility to choose your own broker and integrate with other platforms - detailed audit trails - employee portal to view and accept grants, exercise options - transition from private to public company reporting without changing systems - SSAE16 certified. When you need the best in equity compensation management, the choice is Certent. Our consultants are experts in tax and accounting issues. We can help you address and resolve questions about complex accounting, reconciliation, and methodology issues. And we back that with robust customer support, extensive online resources, regular software updates, and a commitment to ensuring you derive the maximum value from your investments through an unwavering focus on innovation, simplicity, and service. Maybe that’s why more than 1,300 companies rely on Certent.

    beqom provides a Total Compensation cloud solution that addresses all aspects of compensation and performance for both Sales & HR. The beqom platform allows business managers to lead, align and motivate their employees. beqom focuses exclusively on managing compensation for large enterprises who cannot afford to compromise on their compensation strategy. This exclusive focus on compensation enables beqom to address the needs of global industry leaders. As a result, companies like Microsoft, Vodafone and CNHi have selected beqom to manage their compensation and performance processes...making their people happy.

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    OrOracle Workforce Rewards Cloud delivers the ability to create both straightforward or complex and highly differentiated pay programs while providing simplified decision-making and consistent messaging to your workforce.

    Infor Human Capital Management is a software that empowers organizational leaders with the critical tools and information they need to optimize the workforce and HR.

    PeopleFluent provides a cloud-based talent management suite that includes Recruiting, Performance Management, Compensation, Learning, Succession and Vendor Management as well as Workforce Planning and Diversity. PeopleFluent is designed to address critical, talent-related challenges such as performance issues, high turnover, talent retention, and employee engagement. By combining integrated video, strategic analytics, and collaborative social technologies into its talent management suite, PeopleFluent is redefining the talent acquisition and talent management experience. From attracting and retaining talent, to pay for performance and talent development, the PeopleFluent Mirror Suite helps customers gain deep talent insights to support informed, strategic decisions that drive business outcomes. PeopleFluent can coexist and integrate with virtually any core HR/HCM system through its Data Integration managed service solution.

    Saba Cloud
    (6)3.9 out of 5
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    Optimized for quick response

    Saba is a global leader in next-generation cloud solutions for talent management. The company helps organizations transform the way they work by enabling the continuous learning, engagement and development of everyone in their people network, including employees, partners, and customers. Supporting the new world of work, Saba delivers learning, performance, succession, career development, workforce planning and compensation solutions that incorporate modern technologies such as social, collaboration, mobile and gamification. Saba solutions are based on the Saba Cloud platform, a highly scalable architecture that exceeds industry scalability, performance, and security standards. With over 4,000 customers and 33 million users around the globe, Saba helps the world’s best-known and most innovative brands adapt to the future of work by continuously developing, engaging and inspiring their people. In turn, these smart, innovative and forward-looking organizations push Saba to continuously innovate, improve and scale solutions and technologies to help them deliver business results and achieve business transformation. Fifty-one percent of the Fortune 100 rely on Saba to manage their mission-critical learning and talent management processes. Saba's customer base includes major global organizations and industry leaders in financial services, life sciences and healthcare, high tech, automotive and manufacturing, retail, energy and utilities, packaged goods, and public sector organizations.

    Xactly Commissions Software is a sales management software that improves sales compensation and commission tracking, saving time and eliminating errors.

    Every year the highly disruptive exercise that is compensation planning is approached with a mixture of fear and loathing. It doesnt have to be that way! Dartican has taken the pain out of the process. We cut the resources and time needed to a FRACTION of other solutions, some by over 90%!! YES, that much! Save time and money while gaining business agility. Best of all, Dartican is built with growth in mind. Scales as your business grows in size as well sofistication to meet your needs today and into the future. Salary/Bonus/LTI

    Provide continuous career development with actionable development plans to improve productivity, all while accurately capturing and managing talent data to make better data-driven decisions, in one robust solution.

    Deltek's Talent Management Suite is a unified, cloud-based solution designed to enable organizations to manage the entire employee lifecycle including recruiting and hiring, performance and compensation management, career development, succession planning and learning management. Improve your quality of hire, streamline the onboarding process and increase employee engagement & retention with Deltek Talent Management.

    Your partner for Compensation, Bonus and LTIP solutions, Curo Is A Specialist Compensation Management Software Provider. We are experts in reward and compensation technology and provide solutions that allow you to enhance the way you manage compensation. Our products and services empower businesses of all sizes to maximize the impact of their compensation spend; drive fairness, transparency, employee engagement and business performance, through the provision of safe, secure and market-leading, global technology.

    Heartpace is modern Continuous Performance Management & Employee Engagement software. Our clients choose Heartpace also as OKRs & Strategic Alignment tool. Develop connections in vision, strategy and objectives for all employees on one platform. Keep your employees Focused, Motivated and Aligned with Great 1:1 Talks and outgoing Feedback. Increase commitment, performance and profitability. Results are immediate and push the entire company in a positive direction

    SimplyMerit® is an HR Compensation Management solution that engages leaders and empowers managers to optimize their merit budgets and annual bonus pools. We can have you LIVE IN FIVE days or less with a tried-and-true, mobile-ready application that your managers will love! Think of it… no more errors, no more headaches of distributing and managing spreadsheets, no more security worries! SimplyMerit is cloud-based, so we manage the entire environment for you. It’s real-time, so your managers and leaders know exactly what is happening as it’s happening. SimplyMerit handles the currency conversions, applies the automatic prorations as configured by you, manages the approval workflow, and even generates and distributes your adjustment letters.

    Xactly Incent Views brings on-demand visibility and reporting capabilities to your incentive compensation data. The power of Xactly's incentive compensation data model, combined with data from your commission calculator, reveals valuable incentive information you can;t get from spreadsheets, commercial, or your homegrown system.

    PageUp
    (2)3.5 out of 5
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    Optimized for quick response

    At PageUp, we’re passionate about connecting people to great careers. Our powerful platform optimises each step of the talent management lifecycle – so everyone can reach their full potential. PageUp Talent Management software enhances HR processes with technology that HR professionals, people leaders and employees love to use. From recruitment and onboarding, through learning, into performance, and right up to best-practice succession planning, all backed up by platform-wide analytics. Our customers love PageUp for its deep functionality and ability to be customised for a range of workflows and industries, all accompanied by outstanding customer service. Used in over 190 countries, PageUp is a truly global solution. PageUp has offices in Hong Kong, London, Manila, Melbourne, New York, Singapore and Sydney.

    Recognized by industry analysts as the most comprehensive solution available, SumTotal provides full employee lifecycle management, including a core system of record, on a single cloud software platform for improved business intelligence. SumTotal offers an end-to-end solution including learning, performance, compensation, succession, career development, 360 degree feedback, recruiting and hiring, social collaboration, workforce management, expense management, payroll and benefits, HR management (HRMS), workforce analytics.

    Your business success depends on your ability to hire, manage, develop and retain top talent. At TalentQuest, we provide solutions that help you do that – manage the entire employee life cycle. From recruiting and behavioral assessments to performance and learning to compensation and succession – our Talent Management platform is an easy to use, everything you need, all in one solution. And like no other, it’s fueled by behavioral science and our proprietary Talent Insights™. It understands the dynamics of individuals and teams. It personalizes learning experiences for individual employee development. It’s a virtual coach that helps managers be more effective leaders. So, overall it keeps your employees more engaged. Add to all that, we have a team of consultants and Ph.D. psychologists that work with organizations to help you further maximize the potential of your people. A Ph.D. powerhouse behind our people-driven solutions. Finally, a Talent Management solution that understands people!

    Technomedia offers industry-leading integrated global talent management solutions that enable organizations to drive high-performance business results by unifying the collaboration between employees, managers and candidates.

    Discover Infor CloudSuite HCM, a powerful set of cloud-based human capital management solutions built to adapt to your organization's evolving business strategy. This solution replaces complex processes, workflows, and systems with sophisticated, yet intuitive technology. And that gives your HR professionals the opportunity to deliver streamlined processes and remarkable experiences to the workforce, creating significant value across the organization.

    Compease can support the purpose of your compensation philosophy with full automation, allowing you to professionally manage your organization's salary administration with ease and confidence.

    The CompensationTool was designed with one goal: Make a user-friendly market pricing tool that is affordable, without sacrificing functionality.

    FocalPoint Compensation System is a family of products that is designed to support and extend the value of the employee compensation process.

    Advanced compensation planning made easy. Top-class. Configurable. Scalable. Intuitively easy. Configure based on what works best for your business with FocalReview®. With multiple languages, currencies, pay options, powerful role-based capabilities, and deployment either on-premise or in the cloud, you’re sure to find the best option for you. With FocalReview®, your team can model, plan, and approve compensation procedures accurately, quickly, and consistently. Plus, you can easily integrate FocalReview® with other sources of standard HRIS data. FocalReview® gives you the ability to create a strong pay-for-performance culture based on objective, transparent processes that align rewards with performance.

    Infor Talent Management is an integrated set of applications organically built to support organizations' strategic people initiatives. Infor Talent Management unlocks the potential of your organization's talent by letting you identify, hire, develop, reward, and retain the best of the best, all using a single, unified user experience that people love

    Lumesse talent management suite ETWeb empower helps organizations to engage, manage, develop, reward and promote their employees. The solution is designed with the people at center stage, allowing them to drive their personal growth and reach career and business goals in their everyday work. This makes the employee journey less top-down-driven and more self-directed and collaborative.

    Mercer WIN | ePRISM is a comprehensive compensation management, modeling and planning tool that enables you to align your organization's compensation plans with current and future objectives.

    Sapien HCM provides tools for compensation planning, performance management, and training elearning.

    StarGarden is an integrated HR and payroll system well suited for organizations in healthcare, government, education and unionized industries.

    ActionHRM provides a multi-platform, online business platform for managing employees.

    BullseyeEngagement's compensation planning system helps manage employee compensation plans

    CatalystOne is a flexible solutions for Human Capital Management (HCM) to help organisation achieve its goals through dedicated employees.

    CEOPayCheck is a self-service software solution designed to provide easy, inexpensive and robust compensation benchmarking for top executives.

    In the business of developing modern, cloud-based Payroll, HR, Attendance and Benefits software, but that's not what sets us apart.

    COMPackage is an employee compensation statement software.

    compACT is the right compensation management software for companies of all sizes – managing salary review, bonus and incentive administration, stock, with modelling capabilities to model compensation budget for merit and incentive. The 9 compACT Advantages 1. Your people find it easy to use the same compensation management tool right away. 2. Configure and customize the compensation application to control budgets and manage workflows. 3. All your data is in one place, safe and secure, and will integrate with SAP\PeopleSoft\HCM\HRIS software. 4. Project Managers with deep experience. The Team, support and technical, deliver results. 5. Real time Analytics show the latest budgets. 6. Set rules and restrictions to control the budget. 7. Provides real time data to managers, executives, and admins by role. 8. Business Analytics for the executives, dashboard. 9. Multiple currency support

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