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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    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

    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

    Ultimate Software’s UltiPro® cloud HR, payroll, and talent solutions help organizations improve the employee experience, from personalized recruiting and onboarding that foster long-term relationships to convenient, role-based access to pay, benefits, and career development information. With UltiPro, companies can rapidly process payroll; manage employee requests with HR service delivery; leverage flexible time solutions; offer a modern approach to learning; facilitate productive performance, su

    Payfactors
    (195)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.

    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 w

    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.

    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.

    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.

    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 inform

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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.

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

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    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 n

    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

    CompensationXL
    (31)4.5 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.

    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

    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.

    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,

    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, Peo

    Saba Cloud
    (6)3.9 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

    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

    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.

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