Best Compensation Management Software
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PRODUCTS
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BUYER'S GUIDE
Buyer's Guide
By Urnesha Bhattacherjee, Technical Content Writer at SelectHub
No matter how much your employees love their job, a paycheck truly motivates them. As one of the essential parts of HR management tools, compensation management software lets you rest easy while it handles the heavy lifting.
Compensation management involves all the policies, procedures and systems that help determine how to correctly compensate your employees for their work.
Instead of paying thousands of dollars for a compensation manager, our buyer’s guide can lead you to a successful software implementation at a much lower cost.
Executive Summary
- Compensation management solutions can increase productivity and efficiency.
- The best compensation management plan will help you hire and retain top candidates.
- Dedicated compensation software can help you accomplish tasks and achieve your goals.
- Considering which features are most important to you is vital when comparing systems.
- Comparing popular solutions in this category will help you pick the best software.
- What Is Compensation Management Software?
- Deployment Methods
- Primary Benefits
- Implementation Goals
- Basic Features & Functionality
- Advanced Features & Functionality
- Current and Upcoming Trends
- Software Comparison Strategy
- Cost & Pricing Considerations
- The Best Compensation Management Software
- Questions To Ask Yourself
- Questions To Ask Vendors
- Next Steps
- Product Comparisons
- Additional Resources
What Is Compensation Management Software?
Compensation management software helps HR managers and administrators create and manage compensation and incentive programs. It streamlines employee data and the organization's budget to help create an optimum compensation strategy.
On the flip side, it lets businesses deliver optimal value to their employees for their work and services.
The primary purpose of compensation software is to:
- Reduce overall compensation costs
- Help HR and managers develop effective strategies for candidate hiring and recruitment
- Create and execute competitive pay packages through automation
Let’s explore standard deployment methods and the benefits of implementing compensation management tools.
Deployment Methods
You can deploy compensation software in two ways:
On-Premise: These systems host data on company-owned servers. You'll have to buy, install and maintain servers for handling and storage. You can access on-premise systems through a computer application.
Cloud-Based: These services host data on the vendor's server without you having to handle setup. They usually come with monthly or yearly subscription plans. Cloud solutions are accessible through a browser or mobile application.
Primary Benefits
Let’s look at some advantages of using compensation management solutions.
Hire and Retain Top Talent
Fair pay and competitive raises help motivate employees to put their best work forward. Compensation management software lets you develop appropriate and consistent compensation strategies that help retain top talent and hire skilled candidates. It enables companies to create competitive compensation offers that draw in qualified candidates by considering regional variations in cost of living and industry standards.
The software encourages employees to stick around by linking bonuses and rewards to performance indicators. This approach fosters an environment that values and promotes competitiveness.
Boost Morale
You can effectively develop strategic recommendations for compensation and boost your employees' morale by increasing their pay at the right time and by the right amount. This strategy will keep their morale up and encourage them to work harder.
Compensation management solutions contain training resources and innovative evaluation tools so that employees can combat burnout due to wage pressure.
You can automate bonuses, pay increases and other incentives to encourage excellent work. Employees feel appreciated, and their efforts are validated, which gives them a sense of accomplishment.
This step fosters employee satisfaction and loyalty, increasing morale and a more stable workplace.
Increase Productivity
A fair paycheck, positive competition, performance-based incentives and a mutual desire for improvement are significant driving factors for productivity. HR departments can concentrate more of their efforts on strategic aspects of their work by automating the administrative parts of compensation management.
Furthermore, associating rewards with performance encourages workers to put in more effort. Employees receive incentives to perform well in their roles because they can observe a clear relationship between their output and compensation.
Eliminate Pay Inequities
Conducting a pay-equity analysis ensures all employees get fair wages. Compensation software makes this complex and time-consuming process much more manageable. It regularly updates strategic changes and provides in-depth insights into pay equity to ensure fair pay year-round.
Compensation software enables salary comparisons between employees, considering several variables — location, experience, performance and job role. By establishing uniform pay bands and ranges, it upholds uniformity.
Furthermore, potential pay gaps based on employee characteristics such as gender or race can be identified by the software's analytics features, providing companies with the necessary information to rectify any inadvertent bias.
Encourage Transparency
Many factors affect an organization’s compensation plan. Moreover, there can be different salary, bonus and stock combinations regarding compensation packages. It’s only fair for employees to know and understand this distribution to decide whether they get fairly compensated.
The right compensation software helps managers communicate these statistics smoothly and keep employees informed and updated.
Since they know they're getting paid fairly in relation to their peers, employees are encouraged to trust in the process. The software's reporting features also provide information about compensation disparities to fix.
Open communication about compensation and benefits helps control expectations, reduces discontent and promotes an open, just and equitable workplace.
Expert recommendations and analysis on the top Compensation Software
Implementation Goals
Goal 1 Attract and Retain Talent | Compensation is the driving factor that brings your employees into the office five days a week. Correct compensation is vital if you want to keep them. Well-structured and competitively balanced compensation packages can become a crucial draw for prospective employees. With the robust analytics capability of compensation software, organizations can benchmark their offerings against industry standards and adjust them in real time to ensure competitiveness. |
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Goal 2 Boost Employee Productivity | By providing competitive and meaningful pay packages, you can enhance employee motivation and boost performance, resulting in higher organizational success. Reward and recognition features contribute to a performance-oriented culture where employees are motivated to reach or exceed their targets. Regular incentives and rewards stimulate motivation, increasing individual and team productivity. Compensation software also enables transparent and effective communication about compensation. When employees can view and comprehend their earnings, bonuses and benefits, they are more likely to feel valued and work harder, thus amplifying productivity. |
Goal 3 Streamline Compensation Practices | Compensation software simplifies your existing payment practices. You’ll want to assess your specific compensation practices to understand which features and tools will be the most helpful. The software also bolsters clear and transparent communication about compensation practices. The ability to configure varying compensation plans for different employee tiers or roles fosters an equitable, performance-centric work environment. |
Goal 4 Foster Transparency | Transparency in compensation is vital for worker fulfillment. Compensation management software creates a consolidated system via which HR departments and employees can access compensation information. This openness can increase confidence, inspire employees and decrease pay disparities. |
Expert recommendations and analysis on the top Compensation Software
Basic Features & Functionality
Automated Calculations | It can be tricky for organizations with departments with multiple geographical locations following different currency exchanges. Automated calculations reduce errors and ensure that employees receive accurate and fair payments. This feature also saves time and simplifies compensation planning, allowing HR professionals to focus on more critical tasks. Compensation management software can help organizations streamline their compensation processes and improve efficiency. |
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Salary Management | Compensation management tools use AI to create dynamic payment models. Employers can match employees' starting salaries to their roles and performance, promoting internal fairness and motivation. Managers can set compensation cycles that are weekly, monthly, quarterly, or yearly, as well as propose and approve compensation plans. The software specifies detailed compensation guidelines, programs, and policies and displays employer and employee contributions. It also enables market data analysis for informed salary decisions, keeps a historical record of employee compensation and allows the publication of compensation plans. |
Budget Planning | Bonus forecasting capabilities enable businesses to calculate and distribute incentives accurately. Budget constraints also prevent overspending. The compensation forecasting feature uses predictive analytics to estimate future salary and bonuses. It also empowers management to make informed budget allocations, ensuring optimal resource utilization. Merit matrix capabilities link pay increases to employee performance and foster meritocracy. Finally, the real-time budget consumption overview ensures constant monitoring of spending. |
Reporting and Business Intelligence | Compensation management tools let you customize compensation and budget reports. Users can easily access the dashboard's power, which includes an array of standard views and drill-down features for a more detailed understanding. Pre-built, standard reports enhance convenience and consistency. Finally, automatic report delivery scheduling ensures that all critical information reaches personnel on time. |
Performance Tracking | If you already use a performance management system, this feature is vital. Linking your compensation management tool to your performance management solution will allow you to implement the proper pay-for-performance compensation strategy. The solution includes rating scales for indicating an employee's level of performance or achievement. Then, it distributes bonuses and incentives accordingly. The company can deploy the appropriate compensation strategies by effectively tying goals and contributions to merit, bonus and incentive payouts. |
Rewards and Recognition | Employers can create explicit reward statements for their employees, promoting transparency in the recognition and compensation of efforts. Additionally, the software provides grid or list views of rewards. The compensation management solution also boosts recognition by enabling reward letter printing. Planning for reward eligibility aids in ensuring fairness and motivation in reward allocation. Companies can also use the software to control the frequency of rewards, ensuring that high-performing employees are consistently recognized. Furthermore, using pre-built templates makes creating reward letters a breeze. |
Integrations | Compensation software offers API access, allowing for customized integrations with third-party applications. This capability lets businesses efficiently use external functionalities to fetch, create, update or delete information. Calendar integration allows seamless scheduling and reminders with planners such as Google Calendar, Microsoft Calendar and iCal. Compatibility with leading payroll software, as well as integration with leading talent management software, round out a robust integration offering that improves and simplifies compensation management. |
Expert recommendations and analysis on the top Compensation Software
Advanced Features & Functionality
Data Segmentation | This feature enables companies to divide their data into smaller, more manageable sections — or segments — based on demographics, employee roles, performance metrics, geographic locations or any other helpful parameter. This type of segmentation allows teams to gain a more transparent, precise understanding of complex compensation databases. It helps manage compensation across departments, levels or organizational locations. This practice paves the way for more informed and equitable decisions about salary structures, bonuses and other reimbursement aspects. |
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Regulatory Compliance | Compensation management tools include compliance features to ensure that the company follows pay policies, state mandates and federal regulations. Automatic identification and marking of guideline awards make the task easier. Compensation management software can help organizations ensure EPA compliance by providing a centralized platform for managing employee compensation data and ensuring that employees performing the same job receive equal pay. Additionally, the software can assist organizations in tracking critical employee data, digitizing manual HR processes and improving compliance with FLSA regulations. Compensation software can assist organizations in meeting GDPR compliance requirements by incorporating features such as data encryption, access controls and retention policies. |
Accessibility | All users, including those with disabilities, should be able to use the software. This feature includes text-to-speech, an on-screen keyboard and mouse options. The software should also be compatible with assistive technology (AT) and other operating system accessibility features. Compensation management software with accessibility features can assist organizations in creating a more inclusive workplace and ensuring that all employees have equal access to compensation information and tools. |
Equity Management | HR managers can use compensation management tools to distribute equity awards, such as stock options or restricted stock units (RSUs). This feature allows businesses to effectively and transparently allocate equity-based compensation. It helps keep all stakeholders informed about their equity status by calculating vesting schedules, monitoring share ownership and analyzing dilution scenarios. Equity management features can motivate employees, boost retention, and attract potential talent by providing a fair and understandable representation of ownership stakes. |
Forecasting and Modeling | Deploy compensation software to use predictive analytics to forecast upcoming expenses, sales, revenue, user levels and more. Following forecasts, you can simulate alternative compensation scenarios and assess their possible impact before implementing them. These features can also assist organizations in analyzing the potential effects of changes in business operations and making informed capital allocation decisions. |
Expert recommendations and analysis on the top Compensation Software
Current & Upcoming Trends
Tracking projected market growth is excellent, but there’s a world of evolving compensation trends to consider.
Variable and Flexible Pay
Companies use compensation software to manage variable pay components such as bonuses, commissions, rewards and incentives to remain competitive while maintaining financial stability. These elements link to performance metrics, business goals or specific achievements.
The Future of Pay report by Ernst & Young shows that executives (CXOs) had the highest percentage of variable pay, at 25.2%, in 2022. This trend is expected to percolate down the hierarchy until a substantial part of the workforce becomes eligible.
Directly rewarding employees for their performance and productivity can motivate them to achieve greater results, improving overall business performance and profitability.
AI and Machine Learning
One of the most groundbreaking trends of 2023 is the application of AI and machine learning to compensation management solutions. These technologies are introducing a new level of automation and predictive capabilities.
Following pervasive concerns about pay fairness and transparency by employees, many total rewards leaders have experimented with AI and ML algorithms to approach the issue from a new perspective. If done right:
- Algorithms will consistently emphasize compensation philosophy and policy
- AI will free up time for managers to concentrate on high-value activities like explaining payment practices to employees and advising on boosting their pay
Though the AI uptake in compensation management solutions has been slow, a recent Gartner survey shows promising results for those who have opted for it:
- 79% of companies reported that they standardized payments using AI
- 72% said managers have more time for high-attention tasks like performance coaching
- 57% said algorithms assisted their efforts to pay for performance
Break down the trend, but keep it succinct. As with the product section, the goal is to give a brief overview, not cover the trend as thoroughly as you would in a trends article.
Only use stats if they apply to the broader point.
Demands for Pay Transparency
Compensation scenarios should be characterized by pay transparency. The 2022 Compensation and Culture Report by Beqom reveals that 60% of US employees would change jobs in favor of enhanced pay transparency.
This trend is bolstered by the New York City Pay Transparency Law that made it mandatory for employers to disclose salaries and promotion prospects in their advertisements.
To keep up with this trend, companies are adopting compensation management software that ensures transparency and compliance with all state and federal regulations.
Rise of Skill-Based Pay
The transition from paying for jobs and titles to paying for skills and competencies is one of the most significant changes in compensation management. This practice entails paying workers according to the value they add and the skills they exhibit, not according to their position or level of seniority.
This strategy can assist you in supporting employee growth and career mobility, fostering a culture of learning and innovation, and adjusting to shifting market demands.
To put this strategy into practice, you must:
- Identify the essential competencies and skills
- Evaluate present and future performance
- Create incentives and pay plans to recognize their contributions
Expert recommendations and analysis on the top Compensation Software
Software Comparison Strategy
When choosing compensation management software, it’s essential to formulate a well-considered comparison strategy to ensure the selection of the most suitable solution for your organization's requirements. We recommend the following steps:
Understand Your Needs: Identify the key features and functionalities that hold the highest priority, such as automated calculations, data segmentation, forecasting modeling and compliance.
Explore Integration With Other Systems: It’s imperative that the software seamlessly integrates with your existing recruitment software and payroll systems, facilitating streamlined workflows and ensuring data accuracy.
Review User Reviews and Ratings: User reviews and ratings provide valuable insight into the software's performance and user-friendliness. Prioritize compensation software that boasts positive reviews and garners high user ratings.
Request a Demo: This practice allows you to witness the software in action and pose any inquiries.
Engage All Stakeholders: Involve all relevant stakeholders in the decision-making process. This inclusive group should encompass HR professionals, managers and employees using the software.
Cost & Pricing Considerations
Like any other system, the pricing of most compensation management platforms depends on the features the vendor offers. Other factors like the size of your organization and the type of plan you choose also affect prices.
Other essential points to consider while choosing a plan are:
- Pricing Models and Ranges: Some vendors offer a subscription-based pricing structure with several package options (tiers) designed to accommodate different budgets and needs. The price range for this software category can be between $20 and $40 per month, with an additional $3 to $6 per employee.
- Hidden or Unexpected Costs: These costs can include costs for system installation, data migration, maintenance and updates, user training and additional charges for services. It's essential to be aware of these potential costs and factor them into your budget.
- ROI and Value for Money: Good compensation management software can provide significant ROI by reducing the cost of turnover, improving efficiency and driving down expenses related to software licenses, HR and IT resources, employee engagement drivers, turnover and compliance.
Expert recommendations and analysis on the top Compensation Software
Best Compensation Management Software
It's challenging to decide on the right software when you have a hundred options. Although no solution is perfect, there’s one that’ll fit your definition of perfect.
Let's look at some leading options to help you avoid confusion and select the best compensation software.
COMPview
What It Does
COMPview is a feature-rich cloud-based solution that includes performance tracking, report generating and integrative capabilities. It empowers managers to monitor sales performance across departments and territories.
Detailed reports on each employee’s performance streamline the compensation process. HR managers can use it to customize the organization’s compensation plans at any point in the sales cycle.
COMPview also enables hassle-free data imports from other platforms like HRIS, CRM and more.
COMPView dashboard showing incentives comparison. Source
Product Overview
User Sentiment Score | 91% |
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Analyst Rating | 81 |
Company Size | S | M | L |
What It’s Best For
Capability | SelectHub Analyst Score |
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Platform and Security Capabilities | 94 |
Budgeting and Forecasting | 91 |
Bonus Management | 84 |
Dashboard and Reporting | 80 |
Rewards and Recognition | 67 |
CompAccelerator
What It Does
This tool is a viable solution to solve incentivization woes in sales performance management.
Using CompAccelerator, you can consolidate data in a single digital location to eliminate the need to maintain multiple spreadsheets and obtain a comprehensive understanding of budget and payment cycles.
The adaptable user interface helps you create more effective workflows. Achieve budget-conscious approvals and recommendations by providing managers with the most recent data on available rewards.
Product Overview
User Sentiment Score | 97% |
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Analyst Rating | 71 |
Company Size | M | L |
Starting Price | $15000 |
What It’s Best For
Capability | SelectHub Analyst Score |
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Budgeting and Forecasting | 91 |
Rewards and Recognition | 89 |
Bonus Management | 84 |
Dashboard and Reporting | 80 |
Compport
What It Does
Compport is a proactive solution for all incentivization, analytical and automation needs.
Managers can follow up on and replicate successful offers while overseeing sales performance. Employees can participate in surveys about payment plans, awards and workflows.
This tool lets you monitor staffing, turnover and performance trends from one place. Identify performance patterns and make operational adjustments to enhance sales.
It can be daunting for specific users, especially those new to compensation management software. Successfully learning and navigating the system may require a considerable time investment.
Compport compensation dashboard.
Product Overview
User Sentiment Score | 96% |
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Analyst Rating | 67 |
Company Size | S | M | L |
What It’s Best For
Capability | SelectHub Analyst Score |
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Dashboard and Reporting | 100 |
Bonus Management | 96 |
Platform and Security Capabilities | 94 |
Rewards and Recognition | 78 |
Budgeting and Forecasting | 74 |
CompTrak
What It Does
CompTrak is highly scalable cloud-based compensation software that comes with mobile support. It eliminates spreadsheets and human errors while automating workflows.
Track various compensation plans, bonuses and equity programs from a centralized digital position. CompTrak is notable for its user-friendly design and adaptability. Its adaptability enables firms to tailor the program to their requirements and operations.
The equity management tool is a significant advantage, especially for organizations that provide equity as part of their compensation packages.
It has a unique modeling feature that simulates allocations and rewards before officially releasing them.
Product Overview
User Sentiment Score | 94% |
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Analyst Rating | 65 |
Company Size | S | M | L |
Free Trial | Available |
Starting Price | $500 |
What It’s Best For
Capability | SelectHub Analyst Score |
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Dashboard and Reporting | 80 |
Platform and Security Capabilities | 76 |
Bonus Management | 64 |
Budgeting and Forecasting | 61 |
CompAnalyst
What It Does
Salary.com's compensation management tool allows managers to make insightful payment choices, evaluate pay practices and manage compensation process demands.
Boost performance and employee satisfaction while enhancing company performance through data-driven decisions and compensation optimization. Maintain employee engagement through clearly defined, measurable goals and promotion plans.
Its top offering is the automated survey participation feature. A centralized compensation data source library that automates the distribution, execution and analysis of employee surveys.
CompAnalyst’s Reporting Dashboard.
Product Overview
User Sentiment Score | 88% |
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Analyst Rating | 64 |
Company Size | M | L |
Starting Price | $0.01 |
What It’s Best For
Capability | SelectHub Analyst Score |
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Dashboard and Reporting | 100 |
Budgeting and Forecasting | 74 |
Platform and Security Capabilities | 73 |
Expert recommendations and analysis on the top Compensation Management Tools
Questions To Ask Yourself
Before you jump to the final stage of selection, you should be clear about your expectations from a solution and how well it fulfills your requirements.
Use these questions as a jumping-off point for internal discussions.
- Is the system secure enough to handle sensitive employee data?
- Is the software flexible enough to meet your organization's needs?
- When and how should you implement the new software?
- How many employees will need access?
- Which HR functions are my pain points? Should I invest in dedicated software or an all-in-one platform?
Questions To Ask Vendors
Once you've narrowed your search, you'll likely have a few systems that stand out. While no system is perfect for everyone, the best option for your business will be available. Asking a few questions will help you to decide which is best for you.
About the Software
- How well can the software integrate with other tools like performance management systems workforce management software?
- What's the learning curve, and is training provided to support user adoption?
- How intuitive is the UI — navigation, wording, feature accessibility and screen layout?
- To what extent can the software automate tasks?
- What’s the product roadmap?
About the Vendor
- How often do you offer updates and enhancements? Do they impact the software's accessibility?
- How will the vendor stay relevant in the next five years?
- What customer support and training do you offer?
- Is your product customizable?
- How can your software’s capabilities benefit companies in my industry?
Expert recommendations and analysis on the top Compensation Management Solutions
Next Steps
Compensation management software aligns organizational goals and tasks, increasing productivity and employee morale via fair pay and the right incentives. They also eliminate long, troublesome calculation, assignment and payment planning sessions.
Aligning organizational goals and tasks increases productivity and employee morale via fair pay and the right incentives.
Ready to browse for solutions? Grab our free product comparison report to shortlist relevant features ranging from salary management to reporting and dashboards.
Product Comparisons
- CompAccelerator vs. COMPview
- Compport vs. COMPview
- CompAccelerator vs. Compport
- CompTrak vs COMPview
- CompAnalyst vs Compport
Additional Resources
Top 10 Compensation Management Software Leaders by Analyst Rating (of 132 products)
(of 132 products) GET THE IN-DEPTH REPORTProducts found for Compensation Management Software (Page 2)
PageUp
PageUp is a cloud-based suite of recruiting, acquisition and employee management tools. It combines applicant attraction, hiring-specific marketing and talent CRMs to attract candidates and increase the talent pool scope. With integrated hiring and onboarding tools, it streamlines employee lifecycle management with turnkey solutions.
Varicent
Varicent is a software provider that helps industries boost productivity and workforce motivation through incentives and sales performance management. It has an experienced team and preeminent partners that enable organizations to improve performance and drive profitability. The company mainly offers two resources — Diversity and Gender pay apps and a scholarship program called E.D.G.E. It provides automating calculations, analyzing incentive compensation plans, managing sales territory assignments, accessing real-time performance dashboards, handling transaction inquiries, establishing a workflow for collaboration and making evidence-based decisions. The offerings are also categorized based on the need, role and services for ease of access.
Performio
Performio is an incentive management software that allows sales representatives and management to calculate and create compensation plans and sales performance reports accurately. Users can automatically calculate sales commissions with a few clicks, build new plans and add new participants as and when required. The vendor offers auditing and compliance inclusions wherein audit logs automatically track calculations. It also provides pre-built plan components that simplify building and modifying plans.
Syndio
Syndio is a platform that provides innovative modules to support equal pay for equal work. It empowers technology and informative data to encourage fair compensation. It has a dedicated team of data scientists, legal professionals and customer advocates who help users make quicker and smarter decisions. It aims to eradicate pay disparities by assisting companies with finding and fixing pay equity issues and staying compliant over time.
Recognize App
Recognize App is a popular software tool that ranks 41 among all Compensation Management Software according to our research analysts and 74 crowd-sourced reviews from 1 source. Starting from $0.20, Recognize App is priced at a low cost, offers a free trial on occasion and is most applicable for all business sizes. Recognize App can be deployed in the cloud and on-premise and is accessible from a fewer number of platforms including Windows and Apple devices.
Qarrot
Qarrot is a popular solution that ranks 42 among all Compensation Management Software according to our research analysts and 68 crowd-sourced reviews from 1 source. Starting from $3, Qarrot is priced for those with smaller budgets, has offered a free trial in the past and is most advisable for companies of all sizes. Qarrot can be deployed online and is accessible from a handful of platforms including Windows and Apple devices.
PenSoft
PenSoft Payroll is a cloud, SaaS and web-based payroll software supported by customizable subscription plans, prompt customer support and comprehensive reports to streamline payroll processing and simplify diverse operations. Set up employees, process payment, manage attendance, compute taxes, print checks, view reports, backup data and more with the aid of technology-driven program support. Besides, the product offers a range of trained accountants, computer programmers, consultants and business experts for an augmented user experience.
Collage
Collage is a platform for benefits management and core human resources processes, such as payroll and recruiting. Built specifically for the needs of small and mid-sized businesses, it eliminates paperwork, spreadsheets, late enrollments and payroll errors. The cloud-based software brings data online and digitizes group benefit plans.The HRIS solution targets Canadian businesses and comes with preset compliance standards for operating in Canada. This includes collecting work visas, tax information and SINs.
Workstars
Workstars is a well-known software application that ranks 45 among all Compensation Management Software according to our research analysts and 22 crowd-sourced reviews from 1 source. Starting from $0.80, Workstars is priced at a bargain and is most advisable for any company. Workstars can be deployed online.
Mobileum
Mobilium is an incentive payout management platform. It accesses high-quality data to enable accurate incentive payouts. It offers RAID incentives which are designed for telecommunication operators. It is capable of collecting, transforming, validating and tagging transactional data from any BSS/OSS component in real time. It has a drag-and-drop graphical interface making it easier to develop and deploy data integration. It supports multiple pay components, rules, calculations, aggregations and sequencing to align sales with the business objectives. Users can create or re-use library components and redefine rules, policies and complex sales hierarchies without the need for any technical support.
Sales Cookie
Sales Cookie is a cloud-based SaaS tool that helps manage incentives, update daily rep statements, automate calculations and centralize plan enrollments. It automatically synchronizes data and facilitates currency conversions in real time. It includes incentive plan design, calculations and dashboards, setup and configuration, enterprise reporting, multi-currency support, security and auditing.
UZIO
UZIO is a SaaS marketplace that provides cloud-based capabilities for HR, payroll, benefits management and other services. Integrated modules enable regional brokers, employees and employers to access the platform through single sign-on. It helps employers go paperless and navigate employee management complexities in a few clicks. Automated administrative tasks, compliance features, cost and time management, and recordkeeping give managers more time to focus on the growth of the organization, as well as improve employee satisfaction and productivity.
Talentsoft
Talentsoft is a European HR solution that provides a wide range of services for managing talent, human resources and other administrative tasks. Built on open technology known as People@Work, its offerings include recruiting, professional development, HR and administrative management, online learning and training and more. Users can author content or buy premade course materials, run training, find and secure the necessary staff, and handle workflow and day-to-day issues to make for a successful and streamlined workplace. It serves over 130 countries, 2,220 customers and 11 million users in over 130 countries.
Xactly Incent
Xactly Incent is a revenue intelligence system that helps organizations plan and organise their revenue operations. It helps capture and track critical data to avoid errors and forecast inaccuracy. It has acquired TopOPPs and set a standard for artificial intelligence. It helps users take control of their data. It works in collaboration with Vista Equity partners for growth and innovation. Its offerings are based on industry, needs and business size. It also offers strategic sales planning and revenue performance analytics besides incentives management.
DecuSoft Compose
Decusoft Compose streamlines and optimizes processes for managers, administrators and HR professionals from end to end. Customize plans for multiple compensation packages to suit the company’s needs. Leverage analytics tools and comprehensive reports to attract top talent, increase retention and monitor employee performance.It’s a cloud-based platform suitable for businesses of all sizes that can grow with the company. Oversee budgets, payments, rewards, allocations and more for departments worldwide while ensuring data is secure.
SAP Commissions
SAP Commissions is an incentives management solution that helps managers create, optimize and deliver incentive compensation plans at scale. It allows them to shape employee behaviors to increase profit and transparency to maximize commission ROI and eliminate errors. Model, compare and create new compensation plans, promotions and complex sales plans. Managers can motivate sales employees with bonuses, multipliers and performance-based incentives to boost productivity. It also allows them to resolve sales compensation issues and inquiries with one-click traceability.
Xceleration
Xceleration is a management system that helps companies plan and implement reward programs and boost employee morale. RewardStation evolves with changes in technology, security and business philosophies. It helps increase productivity in the workplace by increasing motivation via rewards and incentives. Its team has a diverse collection of professionals from various disciplines, including programmers and account representatives. The vendor helps users create employee engagement, sales incentives and customer loyalty programs. Keeping the organization’s goals and audience in mind, it helps formulate a catalog of services for rewarding employees in the form of merchandise, travel, entertainment and gift cards.
Compease
Compease, a cloud-based solution, offers salary administration and planning features. It helps companies attract and retain the best talent with smart and effective compensation plans. Its capabilities are customizable according to industry, labor market and other relevant factors. Its offerings include compensation consultation, job description, salary notifications and updates, compensation management, merit increase planning, salary grades and ranges, and job evaluations. It utilizes valuable market insights to calculate optimum employee salary ranges.
Commissionly
Commissionly is a fully automated solution that offers an affordable and intelligent way to pay sales employees. It handles a variety of commission structures, from the most basic to complex. It helps reduce the time and effort spent calculating and processing commission payments. It provides real-time updates on performance, motivating team members. The vendor also provides insights and intelligence to financial managers and leadership teams to help forecast and strategically plan for the future.
Tabulera
Tabulera is a well-known application that ranks 56 among all Compensation Management Software according to our research analysts and 1 crowd-sourced review from 1 source. Starting from $0, Tabulera is priced initially at no cost and is most advisable for medium-to-large-sized businesses. Tabulera can be deployed in the cloud.
Coverflex
Coverflex is a well-known software system that ranks 57 among all Compensation Management Software according to our research analysts. Starting from $1, Coverflex is priced at a bargain and is most fitting for all business sizes. Coverflex can be deployed in the cloud and on-premise and is accessible from a limited number of platforms including Windows and Apple devices.
THEbenefitsHUB
THEbenefitsHUB is a popular software solution that ranks 58 among all Compensation Management Software according to our research analysts. Starting from $5, THEbenefitsHUB is priced cost-effectively and is most applicable for mid-to-large -sized enterprises. THEbenefitsHUB can be deployed in the cloud.
CompXL
CompXL, by HCR, offers four modules — Merit, Bonus, Equity and Reward. It provides cloud-based and on-premise deployment models. Its configurable functionalities enable businesses to streamline compensation planning and execution, boost employee satisfaction and productivity, and improve business ROI. It automates incentives and merit planning while reducing manual labor and administration.
LaborIQ
LaborIQ is a promising solution that ranks 60 among all Compensation Management Software according to our research analysts and 10 crowd-sourced reviews from 1 source. Starting from $0, LaborIQ is priced at no cost when starting and is most applicable for any sized company. LaborIQ can be deployed in the cloud and on-premise and is accessible from the vast majority of platforms including Windows, Linux and Apple devices.
EverythingBenefits
EverythingBenefits is a noteworthy software product that ranks 61 among all Compensation Management Software according to our research analysts and 16 crowd-sourced reviews from 1 source. Starting from $12, EverythingBenefits is priced more competitively and is most applicable for medium-to-large-sized corporations. EverythingBenefits can be deployed online and is accessible from a fewer number of platforms including Windows and Apple devices.
QCommission
QCommission is flexible sales commission software that provides sales management and improves sales compensation while reducing errors. It calculates and creates accurate sales compensation plans, increasing motivation and enthusiasm. The vendor provides integrations with SalesForce, QuickBooks, Sage and Microsoft Dynamics while operating as a stand-alone module. It can create multiple compensation calculations, including flat rates/amounts, tiered rates, quota-based rates, etc. It is also compliant with the requirements of GDPR and SOC.
BenSelect
BenSelect is a popular application that ranks 501 among all HR Management Software according to our research analysts and 13 crowd-sourced reviews from 1 source. Starting from $0, BenSelect is priced initially at no cost and is most advisable for enterprises with hundreds or thousands of employees. BenSelect can be deployed online and on-premise and is accessible from a limited set of platforms including Windows and Apple devices.
TalentSpace
Saba’s talent management system provides capabilities to manage every aspect of the workforce, including recruiting and onboarding, learning and development, performance management and HR Analytics to identify bottlenecks in the recruitment process and improve the existing processes.
Bayzat
Bayzat is a well-known solution that ranks 508 among all HR Management Software according to our research analysts. Bayzat is most fitting for large corporations. Bayzat can be deployed in the cloud and on-premise and is accessible from a limited number of platforms including Windows and Apple devices.
BetterComp
BetterComp is a notable software platform that ranks 66 among all Compensation Management Software according to our research analysts. Starting from $0, BetterComp is priced free of charge to start and is most applicable for medium-to-large-sized corporations. BetterComp can be deployed online.
Iconixx
Iconixx helps boost sales productivity and optimize revenue through better commissions, analyses, incentive processes and automation. It helps businesses eliminate sales downtimes, manual-related errors and unnecessary administration work. Its key inclusions are compensation planning, commission calculator and payments, analytics, modeling and forecasting, workflows, governance and reporting. It provides salary planning, objectives management and quota management capabilities for sales performance.
Core Commissions
Core Commissions is a flexible commission management system that allows users to automate complex sales commissions and compensation plans. The vendor offers a building block method for users to construct and customize commission programs. It allows companies to take full control of commission management while generating robust reports and analytics without additional charges. The vendor also offers a managed services program that eliminates the need for a commission manager, and a quick start program streamlines implementation and gets the team started quickly.
Triton HR
Triton HR is a well-known software application that ranks 521 among all HR Management Software according to our research analysts. Starting from $0, Triton HR is priced free of charge to start. Triton HR can be deployed online and is accessible from a limited amount of platforms including Windows devices.
Unit4 Compensation Planning
Unit4 Compensation Planning, formerly Compright, streamlines processes to assist managers and HR administrators in managing complex compensation plans. Pull information from multiple sources and view all data in one digital location to gain a holistic view of the company and eliminate the need for multiple spreadsheets. Built-in tools highlight inequity and monitor allocation trends for bias. Set customized guidelines and rules to ensure compliance.The cloud-based solution can handle multiple payment plans and types to meet the demands of mid-sized to large companies with GDPR and SOC2 compliance. Generate detailed reports and statements to provide critical insights to employees and facilitate more effective communication with visible comments. Automation helps reduce errors, optimize the workflow and provide more time for managers to focus on critical tasks.
CompTrak
CompTrack helps HR administrators and managers oversee every aspect of their compensation process from end to end. Eliminate the need for paper spreadsheets and keep all data and documents in one central, digital location. Streamline workflow and facilitate efficient communication between all stakeholders. Customize dashboards, statements and guidelines to suit the specific needs of the company, department or individual. Automate tasks to increase efficiency, eliminate errors and allow managers to focus on more critical projects. All stakeholders can access the cloud-based solution via a computer or compatible mobile device from anywhere in the world. Suitable for organizations of all sizes and scalable to fit the demands of a growing company.
COMPview
COMPview is a cloud-based compensation management solution that streamlines and simplifies every part of the compensation cycle. Real-time data allows managers and HR professionals to make informed decisions when issuing salaries and awards. Identify top performers and retain staff by quickly calculating, recommending and approving allocations based on performance metrics. Customize and configure budget and compensation models using in-house rules, goals and performance ratings to ensure equitable awards. Increase transparency, facilitate communication and motivate employees by publishing and viewing compensation statements online. It can handle the needs of businesses of any size and scale with company growth.
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