Best Compensation Planning Software
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:
Best Compensation Planning Software At A Glance
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Founded in 1999, Salary.com helps organizations get pay right with a complete approach to compensation management. Built on a proprietary job ontology, Salary.com delivers software, data, and services
1,112 Twitter followers
Planning and incentives in sync—finally. CaptivateIQ is the only modern platform that brings quota, territory, headcount, and compensation into a single, AI-powered workspace—built for agility, ali
CaptivateIQ is a platform that provides commission tracking and management, allowing users to view and understand their earnings and performance. Reviewers appreciate CaptivateIQ's ease of use, transparency, and the ability to provide real-time data, which aids in making informed decisions and strategizing effectively. Users mentioned that the platform can be overwhelming due to the amount of information it provides, and some found the reporting functions and dashboard creation to be confusing and not very user-friendly.
606 Twitter followers
Paycom is the most automated HCM platform and the only HR and payroll software built on a truly single, unique database that automates the entire employee life cycle. Designed as a unified system,
Paycom is a comprehensive HR and payroll system that centralizes employee data, time tracking, and expense reconciliation. Reviewers like the user-friendly interface, the automation of various HR tasks, and the ability for employees to manage their own information, which saves time and reduces errors. Reviewers experienced issues with customer support response times, system glitches after updates, and found the platform to be complex and overwhelming for new users.
33,453 Twitter followers
Access fresh compensation data and AI-powered workflows — all within a scalable platform that delivers intelligent insights to make confident pay decisions. * Price with confidence — any job, anywh
60,543 Twitter followers
Marketpay is a specialized compensation platform designed to streamline diverse processes and enhance efficiency, giving compensation teams more time to grow their expertise on evolving pay legislatio
60,543 Twitter followers
Lattice is the leading People + AI platform that embeds performance and people management directly into the flow of work. Powered by AI, it connects people, goals, performance, engagement, growth, and
Lattice is a platform designed to transform employee sentiment into actionable data through Pulse Surveys and track engagement scores. Reviewers like the visual clarity of the results dashboard, the ease of use, the ability to document one-on-one meetings with managers, and the integration with other HR tools and Slack. Users reported issues with the initial setup for certain organizational structures, limitations with HRIS system integration, and a desire for more native, AI-driven summaries for the Comments section.
8,773 Twitter followers
Xactly Incent is a software solution that allows companies to automate and administer incentive compensation programs—from the simple to the complex—and align seller behavior with revenue goals. W
21,135 Twitter followers
Benchmark pay, price jobs, build pay ranges, run merit cycles, and communicate total rewards in one end-to-end platform.
1,016 Twitter followers
Remuner is a software solution designed to automate and simplify the management of variable compensation plans. It enables organizations to efficiently design, track, and optimize compensation program
Designed for organizations that prioritize diverse workforces and cultures of trust and belonging, UKG Pro® puts people at the center of your strategy. From HR and complex payroll to talent and indust
UKG Pro is a comprehensive system that provides a lifecycle around employees, combining payroll functionality, tracking of service hours, benefits, and organizational information into one place. Reviewers appreciate UKG Pro for its fully automated, real-time U,s. payroll and tax compliance, its user-friendly interface, and the availability of multiple support options, including a direct line and service requests. Reviewers noted that the system is often slow and unresponsive, data is inconsistent, and the reporting system is antiquated and slow, with some payroll reports slow to populate.
42,744 Twitter followers
Workday Compensation provides tools for making optimal decisions—from competitive packages to attract the best talent, identifying and addressing pay inequities, and rewarding employees for performanc
52,259 Twitter followers
SimplyMerit® is a compensation management software solution that enables HR teams, executives, and managers to plan and administer compensation programs with greater accuracy, efficiency, and security
92 Twitter followers
ChartHop is an AI-powered people operations platform that unifies headcount planning, HRIS, compensation, performance, engagement, and goals—connected to the business data that actually runs the organ
ChartHop is a tool that provides planning and scenario modeling, data visualization, and organizational charting capabilities. Users like the improved planning and scenario tools, the clear visuals, the polished feel of the product, the faster loading of org charts, smoother filtering, and easier sharing of views with appropriate access levels. Reviewers noted that the product could be simpler for day-to-day use, some workflows feel heavier than necessary, data upkeep is challenging, and there are issues with integration and customization of fields.
963 Twitter followers
Aeqium is a modern compensation management platform designed to simplify and streamline complex compensation planning for growing organizations. Built for HR and Finance teams, Aeqium replaces error-p
CandorIQ is the modern way to scale and manage your people spend. Through one easy, integrated platform, we automate and simplify headcount, pay strategy, and manage compensation for your workforce. D
