Best Compensation Management Software

Compensation management software helps organizations plan and administer employee compensation packages. Compensation management systems are used to manage salaries through an administrative dashboard, develop merit matrices, and report on company compensation data. Organizations use compensation management software to view and adjust compensation policies, plan employee bonuses, and recommend pay adjustments. Compensation management systems are most commonly implemented by HR departments, enabling managers to develop streamlined compensation strategies for their teams. With compensation management software, organizations can ensure equitable employee compensation and optimize salary budgets. Compensation management software can be implemented either as a standalone solution or as part of an integrated HR management suite. Many compensation management systems integrate with performance management software to incorporate employee performance data into compensation decisions. Some compensation management products offered as part of a suite may also include sales compensation capabilities.

To qualify for inclusion in the Compensation Management category, a product must:

  • Provide a centralized dashboard to visualize compensation data
  • Enable users to publish internal compensation policies and facilitate diverse bonus structures
  • Help users create comprehensive salary budgets
  • Allow simple exporting and importing of compensation data for reporting purposes

Compensation Management Software Grid® Overview

The best Compensation Management Software products are determined by customer satisfaction (based on user reviews) and market presence (based on products’ scale, focus, and influence) and placed into four categories on the Grid®:
G2 Crowd Grid® for Compensation Management
High Performers
Cornerstone ondemand
Oracle taleo
Sap successfactors
Workday hcm
Certent equity compensation management
Oracle hcm cloud
Payscale marketpay
Market Presence
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