Best Compensation Management Software in 2026
Why You Can Trust G2's Software Rankings
Featured Compensation Management Software At A Glance
Buyer's Guide: Compensation Management
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users appreciate the ease of use of Deel Payroll, enjoying a straightforward onboarding process and intuitive interface.
Users value the effortless convenience of Deel Payroll, appreciating its intuitive design and quick withdrawal processes.
Users adore the user-friendly design of Deel Payroll, enjoying its straightforward setup and hassle-free navigation.
Users express frustration with payment issues such as high withdrawal fees and limited options for transactions.
Users express concern over high withdrawal fees, especially when using PayPal as the only option for transfers.
Users find Deel Payroll to be expensive due to withdrawal fees and less favorable currency conversion rates.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users find HiBob HRIS to be very easy to use, enjoying its intuitive design and efficient team communication features.
Users value the intuitive interface of HiBob HRIS, simplifying HR processes and enhancing employee engagement.
Users love the user-friendly interface of HiBob HRIS, making it easy to access information and manage tasks.
Users note the missing integration features with other software like SuccessFactors, limiting flexibility and engagement.
Users find HiBob HRIS has limited features, particularly in time-off tracking and integration processes, requiring manual workarounds.
Users find that HiBob HRIS has limited customization, particularly in reporting and time off functionalities.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users love the ease of use of Salary.com, making it simple to save searches and update information.
Users appreciate the dedicated and responsive support of Salary.com, enhancing their understanding of compensation management.
Users praise the dedicated and responsive customer support of Salary.com, enhancing their overall experience and learning process.
Users struggle with limited job information, often needing to create job proxies for accurate data and syncing.
Users find Salary.com expensive, often facing frustrations with additional costs for necessary features and upgrades.
Users find difficult learning curves with Salary.com, often feeling overwhelmed by its extensive features and customization options.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users appreciate the ease of use of Paycom, finding it straightforward and efficient for payroll management.
Users value the exceptional customer support from Paycom, noting its responsiveness and commitment to resolving issues quickly.
Users commend Paycom for its exceptional customer support, noting quick responses and knowledgeable teams that enhance usability.
Users find the learning curve steep, especially in onboarding and time entry, which can be cumbersome for newcomers.
Users report poor customer support from Paycom, highlighting issues with responsiveness and lack of documentation.
Users face payroll issues with Paycom, including notification gaps and costly recurring fees complicating payroll processing.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users praise the user-friendly platform of PayFactors, enjoying easy access to relevant market data and support.
Users highlight the outstanding customer support of Payfactors, which enhances their overall experience and confidence in using the tool.
Users appreciate the ease of use and reliable comp data provided by Payfactors for market analysis.
Users find the interface not user-friendly, citing issues with intuitiveness and cumbersome onboarding processes.
Users experience insufficient data with Payfactors, making it challenging to find relevant information for their industries.
Users find the learning curve steep, requiring time and commitment to master Payfactors' deeper functionalities effectively.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users find Marketpay easy to use, appreciating its straightforward interface and robust analytics for efficient analyses.
Users value the quick data retrieval and presentation capabilities of Marketpay, enhancing their efficiency and productivity.
Users praise the amazing customer support of Marketpay, highlighting responsiveness and guidance from the support team.
Users find the reporting tools inadequate, often facing challenges and limitations in creating comprehensive reports.
Users find the reporting capabilities inadequate, desiring more robust tools and improved data accessibility for reports.
Users find the steep learning curve of Marketpay challenging, especially when navigating advanced reporting features.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users appreciate the ease of use of Xactly Incent, facilitating smooth integration and efficient management of complex incentives.
Users value the ease of tracking commissions and appreciate the helpful customer support offered by Xactly Incent.
Users value the ease of use and effective management of complex incentive calculations in Xactly Incent.
Users express concern over the slow loading times of Xactly Incent, affecting timely access to important reports.
Users find insufficient detail in Xactly Incent's commission breakdown, complicating reporting and data interpretation.
Users find Xactly Incent not intuitive, making it challenging to navigate and understand compensation details.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users value the flexibility of Anaplan, allowing them to create tailored planning models for their business needs.
Users value the ease of use of Anaplan, enhancing collaboration and simplifying complex planning processes.
Users value Anaplan's user-friendly interface and scalable customization options that enhance diverse planning applications.
Users face significant limitations in model sparsity, reporting constraints, and complex designs affecting Anaplan's performance.
Users find the missing features in Anaplan limit integration and complicate model testing and efficiency.
Users express concern over the lack of features, noting incomplete capabilities and reliance on custom solutions.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users appreciate the ease of use of SAP SuccessFactors, finding it intuitive and straightforward for daily tasks.
Users value the complete scalable HR solution of SAP SuccessFactors, appreciating its robust features and effective integrations.
Users value the comprehensive HR solutions of SAP SuccessFactors, praising its seamless integrations and talent management features.
Users find SAP SuccessFactors not user-friendly, with complex navigation and a steep learning curve for effective usage.
Users feel there is a need to improve UI and AI features, limiting overall effectiveness and insights.
Users find limited customization options and complexity hinder their ability to tailor SAP SuccessFactors effectively.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users appreciate the constant software updates of Oracle Workforce Rewards Cloud, enhancing its functionality and reliability.
Users report complexity issues due to interdependent modules affecting each other and poor responsive UI functionality.
Users report dependency issues among modules, causing unexpected negative impacts and complicating user experience.
Users experience inefficient search functionality that hinders navigation and negatively impacts overall usability.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users value the robust compensation management tools of Pave, simplifying alignment and planning throughout the organization.
Users find Pave's ease of use invaluable, enjoying its intuitive interface and seamless navigation for compensation management.
Users praise the phenomenal customer support from Pave, noting their constant assistance and helpful resources.
Users find Pave's insufficient detail in benchmarks and functionality limits the tool's overall effectiveness.
Users find a lack of detail in Pave's benchmarks, often needing to seek additional resources for more data.
Users find the limited market data coverage in Pave insufficient for comprehensive global compensation benchmarking.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users value the excellent support and responsiveness of Isolved, enhancing their overall experience and satisfaction.
Users value the excellent customer support from iSolved, enhancing their experience and satisfaction with the platform.
Users appreciate the ease of use of isolved, which simplifies HR processes and enhances overall efficiency.
Users express frustration with poor customer support, highlighting slow responses and inefficiency in addressing inquiries.
Users find the interface confusing and non-intuitive, leading to frequent login issues and a frustrating experience.
Users find the interface not intuitive, making it challenging for employees to navigate and utilize effectively.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users praise the excellent compensation management features of HRSoft, which streamline complex calculations and enhance usability.
Users appreciate the customizability of HRSoft Compensation Management, allowing tailored solutions that meet their organization's unique needs.
Users appreciate the customization capabilities of HRSoft Compensation Management, enhancing their ability to meet specific program requirements.
Users feel that limited customization restricts their ability to tailor the dashboard and reports to their needs.
Users express frustration over the limited functionality of HRSoft Compensation Management, hindering effective admin access and usability.
Users find the interface not intuitive, struggling initially with the learning curve despite eventual usability improvements.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users find ClearCompany easy to use, appreciating its user-friendly design and accessibility for all employees.
Users value the ease of use and customization of ClearCompany, enhancing their workflows and implementation process.
Users value the outstanding customer support from ClearCompany, ensuring prompt assistance and exceptional service throughout their experience.
Users note the limited features of ClearCompany, especially regarding reporting and calendar invite functionality.
Users express frustration over missing features in ClearCompany, particularly regarding calendar invites and compliance tracking.
Users note the limited customization in ClearCompany's reporting features, impacting their ability to tailor data insights effectively.
This description is provided by the seller.
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Users appreciate the streamlined compensation management with Comprehensive, enhancing efficiency and clarity in pay processes.
Users appreciate the ease of use of Comprehensive, streamlining compensation processes and improving efficiency significantly.
Users value the customization options in Comprehensive, enhancing analytics and streamlining compensation processes effectively.
Users find the insufficient detail in benchmark insights frustrating, limiting the full potential of the system.
Users note some analytics limitations, requiring manual analysis before discovering automation solutions within Comprehensive.
Users find difficult benchmarking due to the limitations in insights for sales roles and underutilized features.
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.
Which is the Most Recommended Compensation Management Software for Large Enterprises?
- Xactly Incent: Recognized as a leader in enterprise compensation management, Xactly Incent offers robust incentive compensation solutions, helping organizations align sales performance with business objectives.
- Payfactors: Provides comprehensive compensation data and analytics, assisting large organizations in making informed pay decisions and maintaining competitive salary structures.
- Oracle Talent Management Cloud: Offers a unified platform for managing global compensation processes, integrating seamlessly with other HR functions to support large-scale enterprises.
- CompUp: A full-stack compensation management software that helps total rewards teams eliminate pay disparities and make fair pay a reality, featuring compensation benchmarking, merit planning, and appraisal cycles.
- UKG Pro: Combines compensation planning with workforce analytics, helping large businesses align pay strategies with organizational goals.
- Anaplan: Offers advanced modeling and scenario planning capabilities, allowing enterprises to forecast and manage compensation strategies effectively.
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.
Other Features of Compensation Management Software: All-in-one HR suite, Standalone
Which Compensation Software is the Best for Managing Employee Benefits?
- HiBob: All-in-one HR platform with tools for managing salary, benefits, and employee engagement—great for modern, growing teams.
- Salary.com: Delivers market data and analytics to support compensation planning, enabling organizations to align employee benefits with industry standards.
- Deel: A global HR platform with built-in compensation tools for managing salaries, benefits, and equity across 150+ countries—ideal for companies with international teams.
