Best Compensation Planning Software - Page 5
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, 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 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:
Featured Compensation Planning Software At A Glance
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- Overview
- Pros and Cons
- 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
- Seller Details
Keep Financial is a financial technology company that revolutionizes employee compensation by offering vesting cash bonuses. These bonuses provide employees with immediate access to funds that are ear
- Overview
- Seller Details
Latitude Ʒ9 is an Incentive Compensation Management solution (ICM) for small to midsize businesses that helps growing companies address critical challenges with paying and reporting on commissions and
- Overview
- Pros and Cons
- Seller Details
Omni is an all-in-one HR management software that redefines the way businesses approach employee management. Their mission is clear: to empower modern companies in their journey to cultivate engaged a
- 67% Small-Business
- 25% Mid-Market
16 Twitter followers
- Overview
- Seller Details
Paidwell is a pay-for-performance compensation technology for high-growth, high-change companies. Competitive, data-driven compensation programs that attract & retain the talent you need to succe
7 Twitter followers
- Overview
- Seller Details
PayReview's Intelligent Employee compensation & benefits management software enables seamless salary review and benchmarking.
- 100% Enterprise
271 Twitter followers
- Overview
- Seller Details
Plentive is the most powerful incentive-tracking software. You can automatically track, calculate, and manage your bonus plan. Motivate your team and drive company performance with our effortless ince
24 Twitter followers
- Overview
- Seller Details
PromptPayPlanner is a Global Total Rewards Planning software solution that helps managers view their employees, make pay decisions, and use reporting tools for staff communications.
231 Twitter followers
- Overview
- Seller Details
qomben est une plateforme SaaS française spécialisée dans la gestion de la rémunération et de la transparence salariale pour les ETI et grandes entreprises. Elle permet aux équipes RH, Comp&Ben et
- Overview
- Seller Details
StarGarden is an integrated HR and payroll system well suited for organizations in healthcare, government, education and unionized industries.
- 100% Mid-Market
1,212 Twitter followers
- Overview
- Seller Details
Stello is an intelligent compensation planning platform built to run a Company’s annual compensation cycle in an automated way and deliver targeted compensation in an automated way. We create Compensa
- Overview
- Pros and Cons
- Seller Details
Syndio is the industry pioneer in Decision Intelligence for Pay. Built on nearly a decade of proprietary compensation insights, Syndio helps global organizations make smarter pay decisions that win ta
- 80% Enterprise
- 20% Mid-Market
1,229 Twitter followers
- Overview
- Pros and Cons
- Seller Details
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 r
- 40% Enterprise
- 35% Small-Business
3,424 Twitter followers
- Overview
- Seller Details
Drive total rewards strategy, culture & experience for employees, linking Talent Strategy to Total Rewards to bring pay transparency, equity & competitiveness in rewards. Tallect helps comp
- Overview
- Seller Details
TRS Express empowers HR professionals with a user-friendly tool to create comprehensive total rewards statements. This web-based software enables you to clearly communicate the full value of total c
