Best Compensation Management Software - Page 3
Compensation management software handles the high-level, company-wide philosophy and process of compensation and data management. Such systems are used to manage data for all salary and compensation information, as well as look at high-level compensation information and strategy for the overall company. They combine internal datasets from payroll, a human resources information system (HRIS), or performance management with external datasets that price jobs. Compensation management software is often used in tandem with other compensation platforms like compensation planning and salary benchmarking to give a comprehensive look on how pay philosophy affects employee retention, satisfaction, and productivity.
Organizations use compensation management software to view and adjust compensation policies, plan employee bonuses and structure incentives, and recommend pay adjustments. Compensation management may be used by the human resources (HR) department or executive suite to develop compensation strategies. Other users include the finance, accounting, or payroll departments to ensure equitable employee compensation and optimize salary budgets. These tools may also include or integrate with pay equity software. This allows administrators to break down information by certain demographics and protected identities to ensure fair payment across an organization and mitigate legal risk from noncompliance issues.
Compensation management software can be implemented either as a standalone solution or as part of an integrated human capital management (HCM) software. Accounting or HR departments may also use related platforms such as compensation planning software or salary benchmarking software to build out individual compensation packages and organize workers into pay bands, respectively. Compensation planning allows managers to make individual decisions for employee payment packages, while salary benchmarking specifically handles the creation and upkeep of payment bands.
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 include capabilities from sales compensation software, which specializes in building out incentive plans for salespeople.
To qualify for inclusion in the Compensation Management category, a product must:
Best Compensation Management Software At A Glance
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- Overview
- User Satisfaction
- Seller Details
Carta Total Comp is a tool that private companies can use to compare their salary and equity packages to market compensation rates using real-time private company equity compensation data.
- 100% Mid-Market
28,514 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Compaas is a cloud-based compensation management platform designed to help organizations effectively manage and optimize their compensation processes. By integrating with existing HR systems, Compaas
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
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.
- 200% Enterprise
- 100% Mid-Market
168 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Kamsa is a compensation management platform that combines software and expert consulting to help companies design equitable, globally competitive pay strategies. Leveraging machine learning, Kamsa del
- 100% Mid-Market
239 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Pave (formerly Portify) is an award-winning credit builder app that actively works with you to help you build your credit score. Pave offers a range of smart tools to help you stay on top of your fina
- 100% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Our HR software PAYreview has been designed to help Human Resource departments manage and track pay review within the business more efficiently.
- 100% Enterprise
627 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Pequity is a compensation management software designed to help HR, finance, and compensation teams streamline and automate compensation cycles, ensuring equity, transparency, and compliance. The platf
- 67% Mid-Market
- 33% Enterprise
- Overview
- User Satisfaction
- Seller Details
Agora is building a modern platform for total compensation. We help companies figure out how to pay their employees by making data-driven decisions. We are building a system of record for salary bands
259 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Barley helps companies make smart and proactive compensation decisions by bringing together pay band management, comp reviews, benchmarking, and total rewards in one, easy-to-use platform. Barley
- 20% Mid-Market
1,140 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
CompXL is a type of compensation planning software solution designed to help organizations streamline and automate their entire compensation cycle. This innovative platform combines the familiar funct
- Computer Software
- Insurance
- 17% Enterprise
- 17% Mid-Market
1,122 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Equilar Insight offers a suite of solutions to help you stay ahead of your executive compensation, plan design, investor expectations and ensure sound governance practices.
- Overview
- User Satisfaction
- Seller Details
LiveRem is a real-time HR insights benchmarking platform. Founded in 2024, LiveRem connects directly to payroll & HR systems to provide an always-on view of HR insights, and compares these to the
- Overview
- User Satisfaction
- Seller Details
With the SAP SuccessFactors Compensation solution, you can improve individual and business performance through personalized, timely rewards and recognition programs. Our intuitive compensation manage
- 100% Enterprise
297,341 Twitter followers
