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
Leaders
High Performers
Contenders
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    Compensation Management reviews by real, verified users. Find unbiased ratings on user satisfaction, features, and price based on the most reviews available anywhere.

    One System Matters Paycom offers the only full HR solution contained in one database. So, the technology you use to hire new employees is the same tech you use to pay your workforce, comply with regulations, train your people and much more. It is all there – all of your workforce data – in one system, and that is important. We help businesses streamline their employment processes from recruiting to retirement and everything in between. Our Talent Acquisition, Time and Labor Management, Payroll, Talent Management and HR Management systems operate from a single database, eliminating redundant data entry and the integration of multiple systems.


    Ultimate Software’s UltiPro® cloud HR, payroll, and talent solution helps organizations improve the employee experience at all levels, beginning with personalized recruiting and onboarding that fosters long-term relationships and continuing with convenient, role-based access to pay, benefits, and development information. With UltiPro, HR can rapidly process payroll; leverage flexible time solutions; offer a modern approach to learning; facilitate productive performance, succession, and compensation management; and measure employee sentiment using advanced survey technology. Most importantly, UltiPro is supported by powerful business intelligence across all its solutions that helps organizations drive smarter, people-focused results.


    Workday Human Capital Management is built as a single system with a single source of data, single security model, and single user experience. Workday offers organizations a cloud-based system that evolves to meet changing business needs today and into the future. The user-friendly, global system also ensures that customers are always on the latest version with up-to-date capabilities, whether they’re using Workday on a browser or mobile device. Workday HCM is part of a single system with other Workday products including Workday Financial Management, Workday Payroll (for the U.S., Canada, France, and the UK), Workday Recruiting, Workday Learning, Workday Planning, and more. Key product areas: Human Resource Management Organization Management Business Process Management Reporting and Analytics Employee and Manager Self-Service Absence Management Benefits Administration ACA Management Compensation Management Performance and Goal Management Talent Management Survey Framework Contingent Labor Management


    PayScale uses fresh data and smart software to construct and manage your comp strategy, while creating a culture of transparency by empowering managers to communicate pay with employees. Since 2002, PayScale has built and optimized the largest salary database in the world. This database is monitored and maintained by a team of data scientists who collect, clean, and validate millions of pieces of data on an ongoing basis to ensure you have the most up to date information.


    Oracle's PeopleSoft applications are designed to address the most complex business requirements. They provide comprehensive business and industry solutions, enabling organizations to increase productivity, accelerate business performance, and provide a lower cost of ownership.


    Payfactors is a full suite of cloud-based compensation data management tools, built using revolutionary technology. Our collaborative solution puts you and your team at the center of it all. We get rid of the manual processes that eat up all your time, and integrate all your data and survey sources into one simple, seamless spot.


    PayScale MarketPay delivers a modern solution that is easy to use and gives companies the insights necessary to make smart pay decisions. With MarketPay’s best in-class tools, you will price jobs correctly, influence pay strategies, and provide accurate data to executives quickly, without the risk of error. Automate Manual Processes: Focus on more strategic work and eliminate manual tasks by automating your market data and survey participation. Utilize Powerful Analytics: Natively integrated with Tableau, you can make informed decisions and deliver impactful insights by leveraging big data to make powerful data visualizations and dashboards. Mitigate Risk: Deliver accurate analysis so your organization can reduce and eliminate risks as new regulations arise.


    SAP SuccessFactors innovates everyday to help your people and your organization perform at their best. By connecting your people to your organization's purpose, we help transform the employee experience.


    Oracle HCM Cloud is a complete HR application suite which helps organizations become more strategic and agile with a best-in-class workforce experience. It integrates HR best practices and technology to provide an engaging, informative, and adaptive HR experience throughout the entire employee lifecycle. Oracle HCM Cloud allows organizations find, develop and retain the best talent, enable collaboration, deliver deep workforce insights, and increase operational efficiency


    Recruitment management software that provides you with the talent intelligence you need. Learn more about Taleo۪s talent management solutions.


    Streamlines and simplifies how businesses TRACK, MANAGE, and REPORT EQUITY COMPENSATION. - visibility into real-time equity compensation data - financial reporting to meet all SEC and proxy requirements, including FAS123R/ASC718 - flexibility to choose your own broker and integrate with other platforms - detailed audit trails - employee portal to view and accept grants, exercise options - transition from private to public company reporting without changing systems - SSAE16 certified. When you need the best in equity compensation management, the choice is Certent. Our consultants are experts in tax and accounting issues. We can help you address and resolve questions about complex accounting, reconciliation, and methodology issues. And we back that with robust customer support, extensive online resources, regular software updates, and a commitment to ensuring you derive the maximum value from your investments through an unwavering focus on innovation, simplicity, and service. Maybe that’s why more than 1,300 companies rely on Certent.


    CompensationXL is compensation planning software that combines the flexibility of Excel with the power of cloud computing. Offering administrative and analysis tools for the compensation team as well as financial modeling and workflow tools for planning managers, CompensationXL enables effective compensation management across the entire organization. The configurable software-as-a-service is priced by employees-planned-for regardless of the number of review cycles, compensation components, discrete budgets, or number of reports. Budgeting, Planning, Merit, Bonus, Long Term Incentives, Salary Adjustment Letters, Bonus Statements, Total Rewards, Reporting and Analytics...it's all good.


    beqom provides a Total Compensation cloud solution that addresses all aspects of compensation and performance for both Sales & HR. The beqom platform allows business managers to lead, align and motivate their employees. beqom focuses exclusively on managing compensation for large enterprises who cannot afford to compromise on their compensation strategy. This exclusive focus on compensation enables beqom to address the needs of global industry leaders. As a result, companies like Microsoft, Vodafone and CNHi have selected beqom to manage their compensation and performance processes...making their people happy.


    Unified Talent Management One solution to recruit, train, manage, develop and connect your employees. Cornerstone OnDemand is a leader in cloud-based applications for talent management. The company’s solutions help organizations recruit, train, manage and engage their employees, empowering their people and increasing workforce productivity. Based in Santa Monica, California, the company’s solutions are used by over 1,900 clients worldwide, spanning 16.6 million users across 191 countries and 42 languages.


    Ascentis delivers on-demand (SaaS) human capital management solutions that reduce costs while increasing productivity.


    Everything you need to win with talent: Cloud-based solutions, best-practice resources, proven expert services and a vibrant customer community. Saba Software, offers an organically built cloud-based talent management suite — Halogen TalentSpace™ — that reinforces and drives higher employee performance across all talent programs — whether that’s performance management, learning and development, succession and leadership, compensation or recruiting. The suite of applications are designed from the ground up to work together to drive performance, offering a consistent and user-friendly interface for every user. Saba's Halogen TalentSpace offers industry-specific solutions to address the unique requirements and challenges of companies in healthcare, professional services, manufacturing, the public sector and more. Drive exceptional business outcomes with these award-winning talent management solutions: • Performance Management: Saba's agile performance management solution includes everything you need to establish a culture of ongoing feedback and coaching so you can align, engage and inspire your people to achieve the results that matter to your business. • Learning & Development: Saba's learning and development solution in Halogen TalentSpace gives you everything you need to develop a highly skilled and engaged workforce. It’s a high-impact learning solution that connects on-the-job learning, continuous coaching and formal learning activities directly to your business strategy. • Succession & Leadership: With Halogen TalentSpace, you can build deep bench strength and strong leadership skills across all critical areas of your business by creating competency-based talent pools that nurture top talent and ensure you retain a highly skilled and engaged workforce. • Compensation: With the Halogen TalentSpace compensation solution, the process is simplified for everyone, and you can create a strong pay-for-performance culture based on objective, transparent processes that align rewards directly with performance. • Recruiting & Onboarding: With Halogen TalentSpace, you can attract and engage new hires with a seamlessly integrated recruiting and onboarding experience, including coaching and development, to accelerate the performance results that matter to your business.


    PeopleFluent provides a cloud-based talent management suite that includes Recruiting, Performance Management, Compensation, Learning, Succession and Vendor Management as well as Workforce Planning and Diversity. PeopleFluent is designed to address critical, talent-related challenges such as performance issues, high turnover, talent retention, and employee engagement. By combining integrated video, strategic analytics, and collaborative social technologies into its talent management suite, PeopleFluent is redefining the talent acquisition and talent management experience. From attracting and retaining talent, to pay for performance and talent development, the PeopleFluent Mirror Suite helps customers gain deep talent insights to support informed, strategic decisions that drive business outcomes. PeopleFluent can coexist and integrate with virtually any core HR/HCM system through its Data Integration managed service solution.


    Saba is a global leader in next-generation cloud solutions for talent management. The company helps organizations transform the way they work by enabling the continuous learning, engagement and development of everyone in their people network, including employees, partners, and customers. Supporting the new world of work, Saba delivers learning, performance, succession, career development, workforce planning and compensation solutions that incorporate modern technologies such as social, collaboration, mobile and gamification. Saba solutions are based on the Saba Cloud platform, a highly scalable architecture that exceeds industry scalability, performance, and security standards. With over 4,000 customers and 33 million users around the globe, Saba helps the world’s best-known and most innovative brands adapt to the future of work by continuously developing, engaging and inspiring their people. In turn, these smart, innovative and forward-looking organizations push Saba to continuously innovate, improve and scale solutions and technologies to help them deliver business results and achieve business transformation. Fifty-one percent of the Fortune 100 rely on Saba to manage their mission-critical learning and talent management processes. Saba's customer base includes major global organizations and industry leaders in financial services, life sciences and healthcare, high tech, automotive and manufacturing, retail, energy and utilities, packaged goods, and public sector organizations.


    Every year the highly disruptive exercise that is compensation planning is approached with a mixture of fear and loathing. It doesnt have to be that way! Dartican has taken the pain out of the process. We cut the resources and time needed to a FRACTION of other solutions, some by over 90%!! YES, that much! Save time and money while gaining business agility. Best of all, Dartican is built with growth in mind. Scales as your business grows in size as well sofistication to meet your needs today and into the future. Salary/Bonus/LTI


    Deltek's Talent Management Suite is a unified, cloud-based solution designed to enable organizations to manage the entire employee lifecycle including recruiting and hiring, performance and compensation management, career development, succession planning and learning management. Improve your quality of hire, streamline the onboarding process and increase employee engagement & retention with Deltek Talent Management.


    Discover Infor CloudSuite HCM, a powerful set of cloud-based human capital management solutions built to adapt to your organization's evolving business strategy. This solution replaces complex processes, workflows, and systems with sophisticated, yet intuitive technology. And that gives your HR professionals the opportunity to deliver streamlined processes and remarkable experiences to the workforce, creating significant value across the organization.


    Salary.com is the leading SaaS provider of cloud-based compensation market data and analytics. Salary.com delivers continually updated, reliable market pay data and career content to hundreds of thousands of consumers each year. The company is committed to helping organizations drive company success by aligning compensation practices with recruiting, performance, and development initiatives through easy-to-access data and meaningful insights.


    Compease allows you to garner the best talent and motivate your workforce through salary management and analytics.


    FocalPoint Compensation System is a family of products that is designed to support and extend the value of the employee compensation process.


    Advanced compensation planning made easy. Top-class. Configurable. Scalable. Intuitively easy. Configure based on what works best for your business with FocalReview®. With multiple languages, currencies, pay options, powerful role-based capabilities, and deployment either on-premise or in the cloud, you’re sure to find the best option for you. With FocalReview®, your team can model, plan, and approve compensation procedures accurately, quickly, and consistently. Plus, you can easily integrate FocalReview® with other sources of standard HRIS data. FocalReview® gives you the ability to create a strong pay-for-performance culture based on objective, transparent processes that align rewards with performance.


    Infor Human Capital Management is a software that empowers organizational leaders with the critical tools and information they need to optimize the workforce and HR.


    Lumesse talent management suite ETWeb empower helps organizations to engage, manage, develop, reward and promote their employees. The solution is designed with the people at center stage, allowing them to drive their personal growth and reach career and business goals in their everyday work. This makes the employee journey less top-down-driven and more self-directed and collaborative.


    Mercer WIN | ePRISM is a comprehensive compensation management, modeling and planning tool that enables you to align your organization's compensation plans with current and future objectives.


    Sapien HCM provides tools for compensation planning, performance management, and training elearning.


    StarGarden is an integrated HR and payroll system well suited for organizations in healthcare, government, education and unionized industries.


    Technomedia offers industry-leading integrated global talent management solutions that enable organizations to drive high-performance business results by unifying the collaboration between employees, managers and candidates.


    ActionHRM provides a multi-platform, online business platform for managing employees.


    BullseyeEngagement's compensation planning system helps manage employee compensation plans


    CatalystOne is a flexible solutions for Human Capital Management (HCM) to help organisation achieve its goals through dedicated employees.


    CEOPayCheck is a self-service software solution designed to provide easy, inexpensive and robust compensation benchmarking for top executives.


    compACT is the right compensation management software for companies of all sizes – managing salary review, bonus and incentive administration, stock, with modelling capabilities to model compensation budget for merit and incentive. The 9 compACT Advantages 1. Your people find it easy to use the same compensation management tool right away. 2. Configure and customize the compensation application to control budgets and manage workflows. 3. All your data is in one place, safe and secure, and will integrate with SAP\PeopleSoft\HCM\HRIS software. 4. Project Managers with deep experience. The Team, support and technical, deliver results. 5. Real time Analytics show the latest budgets. 6. Set rules and restrictions to control the budget. 7. Provides real time data to managers, executives, and admins by role. 8. Business Analytics for the executives, dashboard. 9. Multiple currency support


    COMPview simplifies compensation and budget decisions to make the entire process more accurate and efficient.


    CuroComp increases compensation transparency through a total compensation management platform.


    DBCompensation allows you to manage your compensation plan in order to motivate your staff and protect and improve your business.


    Decusoft COMPOSE helps users use compensation to recruit, retain and incent employees while meeting corporate goals and objectives.


    eeCompensation enables your compensation professional, management, and front line managers to plan, oversee and execute your compensation plan and strategy more efficiently and effectively.


    emPerform UK offers easy-to-use online employee performance management software for automating talent management and driving business results. At emPerform, we aim to provide a complete, and proven performance management software solution to businesses of all sizes and industries. Our great software is backed up with industry leading service and support. Enhanced by a suite of best-practice performance management features, it helps you to simplify reviews and create a winning performance management strategy.


    At Harvest HCM™, we provide hosted software solutions supporting common HR processes such as Compensation Planning, Performance Management, Succession Planning and Total Rewards Statements to help companies better engage, reward and develop employees. We build the tools you need to help streamline sophisticated problems into simple solutions.


    HIREtech is a technology company that saves businesses time and money through tax credits and Human Capital Management (HCM) solutions.


    HRToolbench provides embedded salary administration tools to guide HR business partners through the steps of an effective salary administration process.


    Iconixx Merit™ provides an all-in-one solution, making it easy to design, create and manage customized salary and merit compensation plans that fit your business needs. Easily design, create and manage compelling Salary, Merit, Promotion and Increase Guides with Iconixx Merit™, a cloud based SaaS Compensation Planning Software solution. Organizations that require the ability to view and approve hierarchies of subordinate based pay information will eliminate errors and reduce planning time with this powerful functionality. - Automatically Scheduled Reports - Enhanced Communication - Forecasting and "What-if" Budgeting - Budgeting and Review - Create Ad Hoc Reports - Data Analysis - Track Changes


    Incentive Computation Management solution from ACT21 Software is an effective problem solver for BFSI majorly. It vanishes all your problems related to commission computation, disbursement, complex formulas, Variable, Clawbacks, Holdbacks, DSA support, etc. It is a one stop solution to Effectively manage and execute actions related to incentives/commission for any lending business. It is powered by a supreme Rule Management Platform. It can seamlessly Integrate with your existing IT environment & core business applications for Sales/Collection Information and downstream application such as accounts-payable or payroll application for disbursement. Key Features: Policy Creation: Create and amend policies without a single line of code, with a few clicks Drag and drop design console One click policy deployment Payout Manager: Easy management of cumbersome payout process Simplified Clawback and Holdback payouts Centralised control for variety of payouts Simulation: Simulate policies with expected and actual outcome comparison Select from multiple commission and incentive structures One click select-apply-simulate policies Reports and dashboard: Intuitive Reports & Interactive Dashboards Display options for Historical payouts, holdbacks and clawbacks Individual assessment of agencies Support module: Web-login module for Agencies Historical payouts for Agencies and banks Query Resolver for Agencies


    Infor Talent Management is an integrated set of applications organically built to support organizations' strategic people initiatives. Infor Talent Management unlocks the potential of your organization's talent by letting you identify, hire, develop, reward, and retain the best of the best, all using a single, unified user experience that people love


    PageUp’s talent management software provides organisations with one unified solution for managing Recruitment, Performance Management, Compensation, Learning & Training, Career Planning and Succession Management incorporating Advanced Workforce Analytics, via technology built for the mobile and social world. Its SaaS-based technology platform helps employers overcome the talent management challenges that are inherent in operating across multiple geographies. Through one simple, mobile-enabled system, national and multinational employers can strategically align their people resources to execute corporate strategy across borders, business units, cultures and languages, whilst maximising employee value and business results. PageUp’s technology platform supports large multinational organisations, including Global 500 employers and more than 90,000 HR practitioners from a broad range of industries including banking and financial services, retail, mining & refining, hospitality, transportation, manufacturing, telecommunications, education, Governmental and non-profit sectors. It serves its global client base through offices in New York, London, Singapore, Hong Kong, Manila, Melbourne and Sydney. https://www.youtube.com/watch?v=x1S_eC3QL6g


    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.


    PulseHRM is a comprehensive HRMS application for small and medium enterprises. Built on Oracle APEX, hosted on Oracle Cloud and delivered over the internet. PulseHRM HR Software is a configurable, automated tool for SMART goal setting, measuring the performance, identifying the improvement areas and training needs, appreciating and recognizing the top performers.


    RewardStation provides compensation administration and analysis tools.


    TalentComp compensation management helps route, approve and distribute increases and bonuses, process company-wide salary changes, and manage all other types of compensation.


    TalentGuard is a global provider of competency-based talent management solutions delivered as Software-as-a-Service. Our cloud-based software suite is unmatched in its ability to engage and retain employees. Our integrated technology helps organizations automate performance management, 360 degree feedback, career pathing, succession planning, individual development planning and certification tracking. TalentGuard also helps improve business outcomes with our extended network of credentialed career coaches, training programs and content. Through its network of trusted integration partners, TalentGuard is seamlessly integrated with the broader HCM ecosystem including HRIS, Applicant Tracking, Compensation Planning and Learning Management. For more information visit www.talentguard.com.


    At TalentQuest, we help organizations drive better business outcomes through their people. Our solution uniquely blends Talent Intelligence with Talent Management software (Performance, Learning, Succession, Compensation, & Selection) to help organizations truly understand their people and teams. The outcomes are predictive and prescriptive analytics which help managers: • Focus employees on roles and career paths for which they are best suited • Pinpoint specific development needs • Motivate and coach employees on a day-to-day basis • Understand how to best leverage one’s strengths • Adapt communication styles for more effective interaction • Truly understand how to best motivate and engage each employee


    The Valiant Human Resources Solution is your valued partner in helping you manage and execute every important aspect of your human resources department. Whether your company has 50 employees, 1500, or more, the Valiant Human Resource Solution is a state of the art, cloud-based human resources management and monitoring system that does all of the heavy lifting for you.


    Global compensation management is about striking the right balance. Willis Towers Watson Compensation Software helps global companies design, build and manage an effective compensation structure that places total compensation within the context of performance, market benchmarks and systemwide equity. KEY FEATURES Compensation Data — Gain perspective on compensation strategies and decisions with interactive access to comprehensive data from every corner of the globe. Compensation Management — Create a pay-for-performance culture that rewards the best employees and improves their engagement and retention. Job Leveling — Determine the value of jobs across a global organization to achieve a balanced compensation structure and establish a foundation for effective talent management. Compensation Reporting and Analytics — Visualize compensation data from multiple dimensions to identify opportunities in the organization and in the labor market.


    Kate from G2 Crowd

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