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Compensation Management reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.

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

Top 10 Compensation Management Software

  • Workday HCM
  • Paycom
  • Ceridian Dayforce
  • UKG Pro (formerly Ultimate Software UltiPro)
  • Payfactors
  • Salary.com
  • Workday Compensation
  • PayScale MarketPay
  • PayScale Insight Lab
  • SAP SuccessFactors

Compare Compensation Management Software

G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.
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(1,069)4.0 out of 5
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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 W

(772)4.2 out of 5
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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

(557)4.2 out of 5
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Ceridian is a global human capital management (HCM) company headquartered in Toronto, Ontario, and Minneapolis, Minnesota, with operations across North America, Europe, and Asia Pacific Japan. Our brand promise –Makes Work Life Better™ –is the commitment we make to our employees, our customers, their employees, and to the communities we operate in around the world. Our modern technologies help our customers adapt, evolve, and win as we reimagine the future of work. Our award-winning Dayforce pla

UKG Pro™ is a powerful, global human capital management (HCM) solution. Transform your business with a connected global workforce experience delivered through resilient and mindful HR technology. From payroll to talent to service delivery to surveys, and everything in between, UKG Pro is the powerful HCM suite you need to drive people-focused results.

(270)4.4 out of 5
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Payfactors is compensation data and technology like you’ve never seen before. We help you streamline, centralize, and automate your entire compensation process: from job descriptions to data visualizations. We’re not just market data—we give you the tools and analytics to determine fair and market-ready pay for every position.

(93)4.3 out of 5

Serving more than 8,000 customers worldwide, Salary.com delivers smart, integrated compensation management solutions that empower HR professionals to get pay right. Salary.com’s award-winning CompAnalyst platform streamlines compensation data management and streamlines labor-intensive compensation processes like survey participation and management, salary structure modeling, and pay equity reporting. Paired with our robust compensation and benefits data, along with our strategic consulting engag

(63)4.3 out of 5

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.

(91)4.5 out of 5
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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 w

(152)4.4 out of 5
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PayScale Insight Lab offers a smart, easy to use compensation management software with transparent datasets, intuitive structure modeling, and best-in-class service and support to ensure you are quickly set-up to attract and retain top talent. THE RIGHT LEVEL OF DATA. Validated, built-in datasets let you know what companies just like you are paying for jobs, and unique skill based data to keep an eye on market trends for fast moving jobs.
 BUILD A MODERN COMPENSATION STRATEGY AND STRUCTURE. Le

(450)3.8 out of 5

SAP SuccessFactors Human Experience Management (HXM) Suite helps you completely reinvent the entire employee experience. You can shift from traditional HR transactions to engaging, end-to-end experiences, using intelligent technology to make each interaction simpler and more meaningful. And by linking employee feedback to operational data, you’ll understand what’s happening and why, so you can continuously deliver unexpectedly exceptional experiences that keep your business growing. The Success

(616)3.7 out of 5
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Take advantage of significant cost savings and operational improvements when you run PeopleSoft in the Oracle Cloud. Oracle offers the only no-compromise enterprise cloud platform for moving PeopleSoft, its associated database systems, and ecosystem of apps to the cloud. Only PeopleSoft deployments running in Oracle Cloud have access to PeopleSoft Cloud Manager which automates routines for cloud migration and lifecycle management.

(35)4.4 out of 5
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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 model

(44)4.6 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.

(22)4.1 out of 5
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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.

(181)4.0 out of 5

Start Anywhere. Add Anytime. Ascentis’ industry-leading a-la carte full suite human capital management (HCM) technology platform and workforce management solutions are supported by an ongoing commitment to delivering an unsurpassed client experience. Ascentis’ technology modules work independently or together to meet the needs of each client, wherever they are in the HCM journey.

(84)4.4 out of 5
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Equity awards and grants remain an indispensable component of compensation for public companies. However, a rapidly changing regulatory landscape combined with ever-evolving compensation structures means that the challenges of managing equity compensation have never been greater. From accounting complexities and compliance issues to orchestrating the exercise and settlement process and generating the reports, equity compensation can quickly become a drain on productivity and a bottleneck to cl

(24)4.6 out of 5

TalentSoft is the European leader in cloud-based Talent Management software. Its solution efficiently manages employee recruitment, learning, performance, competencies, careers and compensation.

(183)4.2 out of 5

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 th

(10)4.7 out of 5

CompTrak provides a cloud-based compensation management SaaS solution. The single, unifying CompTrak platform provides planning, management, and communication of your total compensation strategy, including merit and base pay, bonuses, equity, and bonus deferrals. CompTrak allows companies to innovate, customize and manage complex compensation plans ensuring they are linked to strategic goals while eliminating the need for manual processes, spreadsheets, and legacy systems. The platform enables

(152)4.0 out of 5
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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, collabora

(11)4.6 out of 5
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CURO’s compensation management and pay equity solutions make compensation decisions easy and help ensure every employee is paid fairly. 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 m

(334)3.4 out of 5
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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.

(20)3.9 out of 5
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Oracle 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.

(99)3.9 out of 5

Cornerstone Performance management enables companies to revamp the employee experience with clear & measurable goals, transparent career paths, targeted development plans, and continuous feedback channels. Identify high performers or employees qualified for performing specific job functions and close skill gaps using the Skills Matrix. Record and assess skills in real-time to determine employee competency using Observation Checklists. Automate performance reviews with a variety of feature

(16)4.0 out of 5

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.

(10)3.9 out of 5

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

(14)4.5 out of 5

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,

(12)4.6 out of 5
Entry Level Price:US$0.99 per employee/ month

Compport is a one-stop integrated SaaS solution to manage all your compensation plans namely candidate offers, annual/adhoc salary review, bonus/incentive, sales incentive plans (customized to clients need), long term incentive plans, Rewards and recognition schemes and salary structuring. It is a unique 100% modular solution that enable users to design single/multiple compensation plans with 100% flexibility, compare, and assess the impact and budget upfront, launch it to the line managers f

(15)4.1 out of 5

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

(21)4.9 out of 5
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Organizational management has traditionally been a broken, manual and time-consuming process. Information is strung together through multiple spreadsheets and it only provides a glimpse into the current state of affairs. Leaders, managers and employees don’t have context or visibility into their organization and it ultimately leads to blind decision-making. ChartHop solves the problem by surfacing and visualizing the people data leaders need to effectively manage their organization, such as l

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Check out the G2 Grid® for the top Compensation Management Software products. G2 scores products and sellers based on reviews gathered from our user community, as well as data aggregated from online sources and social networks. Together, these scores are mapped on our proprietary G2 Grid®, which you can use to compare products, streamline the buying process, and quickly identify the best products based on the experiences of your peers.
Leaders
High Performers
Contenders
Niche
beqom
Saba TalentSpace
Saba Cloud
SAP SuccessFactors
UKG Pro (formerly Ultimate Software UltiPro)
Workday HCM
Oracle PeopleSoft
PayScale Insight Lab
Ascentis
Ceridian Dayforce
Certent
Paycom
CompXL
CURO Compensation
COMPview by HRsoft
Payfactors
PayScale MarketPay
Salary.com
TalentSoft
Oracle Talent Management Cloud (formerly Taleo)
Oracle Workforce Rewards Cloud
CloudSuite HCM
Xactly Incent Views
Workday Compensation
Xactly Commissions Software
Cornerstone Performance
CompTrak
Market Presence
Satisfaction

Learn More About Compensation Management Software

What is Compensation Management Software?

Compensation management software helps HR personnel design and manage compensation plans, from budget creation to award allocations. These solutions increase communication between HR, individual employees, and the entire workforce at large. They also provide managers with the insight necessary to make award decisions based on employee performance and development within the company. Furthermore, these solutions provide human resources with increased visibility into company-wide compensation decisions and employee salary benchmarks. Meanwhile, compensation management software provides security for sensitive wage information and prepares company financial information for audits. These solutions often integrate with performance management, core HR, and payroll software.

Develop Strategies — Compensation management software delivers real-time insights about the current state of employee compensation within the entire marketplace. This solution structures the process of compensation, allowing a company’s rules to be applied to the software’s database. This solution structures compensation by providing features like payment dates, administration of salaries, consideration of merit, scaling of pay, raises, and bonuses. Compensation management software takes market standards into consideration and aligns the scale of pay and commission to those standards. Additionally, because compensation management software automates the creation of reports and budgets, users are able to apply all that data as they update and edit their compensation strategies. Furthermore, some products provide data analytics, which provide further insight into both the company’s employee population as well as market comparisons.

Reduce Time — One can liken compensation management software to a self-service people-information management solution. Prior to the development of this tool, human resource management had to record employee hours, travel time, bonuses, cost of living, market standards, etc., in spreadsheets, much like expense reporting. Not only did this paper-driven, outdated method take up precious time and energy, but preparing for audits was a difficult, time-consuming process.

Additionally, compensation management software created a singular database system for users to manage and review all employee salary information. The software automatically calculates rates and raises based on cost of living and competitive markets, which facilitates transparency within an organization. These new processes save HR and payroll managers energy and resources by shortening the processing time of a previously exhaustive task. The software also bundles up benchmarking and forecasting capabilities with its other automated self-service management features.

Why Use Compensation Management Software?

Compensation management software helps companies create, define, and manage their compensation strategy. Companies use compensation management software to view and adjust compensation policies, plan employee bonuses, and recommend wage adjustments. Compensation management systems enable human resource management to develop streamlined compensation strategies for their teams, optimizing salary budgets.

Compensation management software facilitates an easier, more manageable system for strategizing competitive employee wages and compensation. The software helps HR and payroll departments move from an overwhelming, paper-driven management method to a streamlined, electronic one. Users have said another main business problem that the software solves is the sheer amount of time needed with the manual, traditional methods of managing compensation.

Who Uses Compensation Management Software?

Compensation management software is great for businesses and HR departments of all sizes looking to streamline, manage, or expand compensation management initiatives. All companies, large or small, rely on compensation management to manage their organization’s pay strategy. It’s vital that companies of every size manage their compensation accurately and fairly. Especially as companies grow in size, hire new talent, and promote internally, it may become more difficult to manage their employee compensation. This tool provides compensation solutions for wages to be adjusted, increase with employee growth, and remain equitable across the company and sector.

Compensation management software streamlines the management of various types of compensation such as base pay, commissions, overtime pay, bonuses, profit sharing, merit pay, and stock options, to name a few.


Compensation Management Software Features

Reward Structuring — Define compensation packages and allowance plans within the system. Specify the various components of compensation, including base salary, bonuses, and equity. Structure compensation pools and hierarchies for continual planning.

Event Management — Coordinate new hire, transfer, promotion, and termination events within the system using rules to automatically facilitate the associated compensation adjustments.

Workflow Automation — Streamline the flow of work processes by establishing triggers and alerts that notify and route information to the appropriate people when their action is required within the compensation process.

Compensation History — Access employee compensation history and talent records when evaluating compensation adjustments to inform decision making.

Automated Compliance — Maintain compliance with corporate policies, state mandates, and federal regulations regarding compensation with built-in compliance features, including automated identification and flagging of unapproved behaviors.

Performance Management Integration — Integrate employee performance data from a third-party performance management solution to supplement compensation history and establish pay-for-performance compensation structures.

Embedded Analytics — View budgetary allocations across the organization, compensation information related to individual employees or departments, and underlying compensation trends in analytics dashboards embedded in the system.

Reporting Capabilities — Create standard and ad-hoc reports of compensation data within the system. These reports can include trends and other graphical representations of data displayed by analytics dashboards.

Compensation Data Management — Easily import or export data and access workers’ compensation data quickly within the system. Create compensation hierarchies so that managers can access relevant team information.

Internationalization — Extend compensation configurations around the globe using flexible location profiles, multiple language options, and automatic currency conversion tools within the system.