# Best Compensation Planning Software - Page 4 *By [Grace Savides](https://research.g2.com/insights/author/grace-savides)* Compensation planning software design equitable and merit-based salary structures for employees. These products help companies develop compensation strategies that support their overall business plans, operating objectives, and employee needs. Compensation plans developed by these tools explain information on salaries, benefits, incentives, budgets, development levels, and employee eligibility for raises and bonuses. HR departments use compensation planning software in collaboration with team managers to track employee compensation over time and provide insights into pay trends. Additionally, the software allows forecasting prospective business needs, including budget management for hiring across departments and potential expansion plans. Compensation planning tools also track whether pay equity discrepancies exist amongst different groups across the organization. These solutions enable businesses to be more pay transparent to their employees, helping them to retain top performers. Compensation planning software often shares functionalities with other HR software. [Compensation management software](https://www.g2.com/categories/compensation-management), for instance, offers similar capabilities but goes further by including bonus structures. It also offers reporting for compensation across the company, specifically by analyzing data and providing compensation dashboards. This software is distinct from compensation planning as planning looks at pay from a high level and forecasts for the future. Meanwhile, management analyzes the pay data in the organization's current state. Another category with similar features is Salary and Benchmarking software, which uses external data sources to determine pay bands and what employees should be paid. [Pay equity software](https://www.g2.com/categories/pay-equity) analyzes pay equity across an organization to ensure employees are being paid fairly. To qualify for inclusion in the Compensation Planning category, a product must: - Create compensation budgets, including the logic and pay rules to facilitate planning - Adjust compensation plans for merit increases and company-wide bonuses - Organize pay data to communicate the reasoning of salary decisions to key stakeholders transparently - Integrate with compensation management, salary and benchmarking, pay equity, or other HR solutions ## How Many Compensation Planning Software Products Does G2 Track? **Total Products under this Category:** 76 ### Category Stats (May 2026) - **Average Rating**: 4.5/5 - **New Reviews This Quarter**: 74 - **Buyer Segments**: Mid-Market 49% │ Enterprise 34% │ Small-Business 17% - **Top Trending Product**: SimplyMerit (+0.018) *Last updated: May 18, 2026* ## How Does G2 Rank Compensation Planning Software Products? **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 29,500+ Authentic Reviews - 76+ Products - Unbiased Rankings G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category. ## Which Compensation Planning Software Is Best for Your Use Case? - **Leader:** [Salary.com](https://www.g2.com/products/salary-com-salary-com/reviews) - **Highest Performer:** [Remuner](https://www.g2.com/products/remuner/reviews) - **Easiest to Use:** [CaptivateIQ](https://www.g2.com/products/captivateiq/reviews) - **Top Trending:** [Lattice](https://www.g2.com/products/lattice-lattice/reviews) - **Best Free Software:** [Salary.com](https://www.g2.com/products/salary-com-salary-com/reviews) --- **Sponsored** ### Workday HCM Workday Human Capital Management is a single, unified system, offering one security model and a seamless user experience. Infused with artificial intelligence, Workday provides a cloud-based platform that intelligently adapts to your organization's evolving needs. This user-friendly, global system leverages AI to deliver personalized experiences and predictive insights, ensuring you're always on the latest version, whether on a browser or mobile device. As part of the unified Workday suite, which includes Financial Management, Payroll, and Recruiting, its AI capabilities help you make smarter, data-driven decisions for the future of your workforce. [Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1008699&secure%5Bdisplayable_resource_id%5D=241&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=neighbor_category&secure%5Bplacement_resource_ids%5D%5B%5D=241&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=570&secure%5Bresource_id%5D=1008699&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fcompensation-planning%3Fpage%3D4&secure%5Btoken%5D=68e9d0033124bf68bfa4423c326c37f3acb8e15dbf7260fa81f36c63b34c877c&secure%5Burl%5D=https%3A%2F%2Fforms.workday.com%2Fen-us%2Fquick-demos%2Fproduct-preview-hcm%2Fform.html%3Flocale%3Denus%26aud%3Dwd%26stage%3Dsel%26pblr%3Dgrcrw%26camp%3D701VT00000pJaosYAC%26assettype%3Dpp%26productfocus%3Dhcm%26utm_source%3Dtpdma&secure%5Burl_type%5D=custom_url) --- ## What Are the Top-Rated Compensation Planning Software Products in 2026? ### 1. [Xoxoday](https://www.g2.com/products/xoxoday-xoxoday/reviews) Xoxoday powers rewards, incentives, and loyalty programs for 5,000+ companies worldwide, including Freshworks, Infosys, Capgemini, AT&T, H&M, and more, that help them engage and retain their employees, customers, and partners. With $1B+ annual GMV and 250+ integrations (MS Teams, Slack, Salesforce, HubSpot, SAP, and more), we make it simple for teams across HR, sales, marketing, and CX to drive measurable impact - boosting engagement, conversion, and retention. Headquartered across 12 global offices, including the US, Xoxoday delivers secure, scalable, global and flexible solutions. Our Suite of Products: 1. Empuls - Build a connected and motivated workplace with recognition, rewards, surveys, and an all-in-one employee engagement tool that also helps sales and channel leaders drive revenue, productivity, and motivation with real-time leaderboards, nudges, and automated payouts  2. Plum - A global rewards marketplace with 10M+ options across 30+ categories including gift cards, experiences, travel, merchandise, digital subscriptions, wellness, and charity donations in 175+ countries  3. Loyalife - An enterprise-grade loyalty solution for customers and channel partners to retain, engage, and maximize lifetime value with personalized and scalable rewards and also helps banks, payment providers, and reward platforms launch and manage merchant-funded promotions at scale **Average Rating:** 4.6/5.0 **Total Reviews:** 1,529 **Who Is the Company Behind Xoxoday?** - **Seller:** [Xoxoday](https://www.g2.com/sellers/xoxoday-ee37ccd5-de71-4852-b9af-f858174a8d72) - **Year Founded:** 2012 - **HQ Location:** Bangalore, India - **LinkedIn® Page:** https://www.linkedin.com/company/xoxoday/ (604 employees on LinkedIn®) **Who Uses This Product?** - **Who Uses This:** Software Engineer, Manager - **Top Industries:** Information Technology and Services, Computer Software - **Company Size:** 47% Enterprise, 37% Mid-Market #### What Are Xoxoday's Pros and Cons? **Pros:** - Ease of Use (192 reviews) - Customer Support (167 reviews) - Helpful (141 reviews) - Rewards (118 reviews) - Appreciation (80 reviews) **Cons:** - Redemption Issues (47 reviews) - Technical Issues (45 reviews) - Limited Options (39 reviews) - Voucher Issues (37 reviews) - Poor Customer Support (36 reviews) ## What Is Compensation Planning Software? [HR Software](https://www.g2.com/categories/hr) ## What Software Categories Are Similar to Compensation Planning Software? - [Performance Management Software](https://www.g2.com/categories/performance-management) - [Core HR Software](https://www.g2.com/categories/core-hr) - [Compensation Management Software](https://www.g2.com/categories/compensation-management)