Best Compensation Management Software of 2024

CompXL, a cloud-based software for compensation planning, offers the flexibility of Excel and the power of cloud computing. CompXL was designed for compensation professionals who are looking for an automated solution to automate merit planning and incentive calculations. CompXL eliminates manual labor and provides process visibility. Data is secured behind login/password. CompXL is trusted worldwide by top companies like Harbor Freight, Natixis, General Atlantic, and OpenText.

Certent's comprehensive equity management platform simplifies the complexity of equity management. Certent is available to both public and private companies looking to improve their equity management, tighten compliance and manage risk. The platform includes powerful tools such as stock administration and reporting, complete accounting features and tax calculations.

PromptPayPlanner, a global total rewards planning platform, was developed by Prompt Inc. (a trusted provider of technology-based human resources (HR) tools that are cost-effective and efficient). This versatile solution is designed to meet complex salary planning needs. It allows businesses to save valuable time by streamlining the process of salary planning. PromptPayPlanner combines logic and math, and offers a simple interface that allows managers to easily view their employees and make pay decisions within business guidelines. Managers also have access to robust reporting tools that allow them to communicate with their staff in a clear and efficient manner.

With innovative compensation planning tools that boost execution from end to end, you can reward your staff and keep them competitive. You can use role-based visibility to plan realistic compensation scenarios for your total reward program. PeopleFluent Compensation Planning software allows you to go beyond numbers and budgets. Attract and retain top performers. Your employer brand. Sharpen your competitive edge. Show your employees that you value them. Compensation planning can be a delicate subject. It is best to keep it centrally managed and secure. PeopleFluent's Compensation Planning software allows you to automate and manage all aspects of employee compensation programs from one place. You can simplify your budgeting, modeling, and approvals. It would be simple if compensation strategy consisted only of paychecks. There are also bonuses, incentives, or benefits that can be combined with total rewards. PeopleFluent can help you understand these complexities. So you can communicate and deliver rewards with fairness.

Willis Towers Watson Compensation Software is the best choice for future-oriented total compensation management. Our market-leading software combines interactive compensation data, job levels, and compensation analytics and design. This allows you to create a culture of pay-for-performance that attracts and rewards the best employees, improves retention, and increases engagement. To manage and design compensation programs, companies need to use intuitive technology, data and analytics. Willis Towers Watson Compensation Software allows you to see the big picture, drill down into the details, answer strategic questions about competitive compensation, and most importantly, take action. You can effectively assess the competitive compensation levels for all your benchmark jobs, analyze and interpret multiple sources and make sure you are paying top talent.

Any organization with 200-10,000 employees should consider DBCompensation. DBCompensation is used by financial institutions, cities and counties, utilities, public schools, higher education institutions and manufacturing firms. Maximize your organization's largest recurring expense, employee payroll costs. Based on the real-world experience of Johanson Group consultants, you can reduce compensation management time and cost by 500%. Retaining and developing current employees will help you save 300% on the time, cost, and effort needed to recruit and train new staff. DBCompensation employs a time-proven process that uses our unique 15 compensable factors and a weighted job valuing method. DBCompensation is the most comprehensive and objective job rating program available to HR.

Transform your salary review process into a success. You will be able to deliver a smooth process that positions your business as the people expert. The HR team is often under immense pressure when it comes to employee remuneration or compensation reviews. This can be a complicated and emotional process that can cause a lot of stress. Pivot Remuneration can help you manage your budget, ensure that policies are implemented, provide accurate reporting, and ensure that employees receive the right message via email or letter. Pivot Remuneration is easy to use. This is what our customers love. The workflow guides the user and navigation is easy. Managers feel empowered with Pivot Remuneration to make better and more consistent decisions.

Your teams' potential, one talent at time. Talentsoft provides a unique solution to all your talent management and learning requirements. Turn your talent management decisions into action by relying upon a unified, adaptable Core HR. Talentsoft Continuous Conversation, a team-centric solution, facilitates coaching conversations between managers/employees by establishing a flexible OkR* and feedback approach throughout your organization. Talentsoft Performance & Competencies focuses specifically on the skills and needs of individuals to help them succeed in their roles, improve their careers, and positively impact their team and organizational results. Each member of the LMS community can be engaged with unique opportunities to make learning viral within your organization.

Oracle Fusion Cloud Human Capital Management, a cloud-based solution, is natively designed for the cloud. It connects every human resource process, from hire to retirement. This provides a consistent experience across devices and enables one source truth for HR data to improve decision making. It also empowers you to use market-leading innovation to meet your current and future needs. This is what we call work made human.

Adaptive collaboration is key to success in a world of constant change. You can mobilize complex scenario planning down to the smallest detail, forecast the largest picture intelligently, and empower teams to take faster decisions. You can access real-time information and insights from the outermost corners of your company. Use the same, up-to-date, accurate information to collaborate. Everyone follows the same playbook. Everyone is on the same page. Everyone operates from the same source of truth. To fuel your rolling forecasts, you can model broad and varied scenarios. Your plans for tomorrow will be updated automatically with current information, so that it is always up-to-date. It all happens in real-time. It takes minutes, not days, or even weeks. In minutes. You can make everything happen in minutes. Synchronize performance and planning across your enterprise, starting at the top with your C-suite and ending at your most remote hub. Reinvent workflows. Reduce latency. Rapidly transform challenges into opportunities

Our compensation software program has the lowest Total Cost Of Ownership and is the best in its class. Our customers are empowered by the robustness of our configuration capabilities, which you often see in enterprise Sales Performance Management Systems, without having to invest large upfront capital, use a lot of internal resources, or incur ongoing costs. It is not always easy to adapt to new software. We have created a variety of learning resources that will help you accelerate your learning curve. Because there is no vendor support, ongoing costs for changes or implementation are eliminated. We offer many support and implementation options to suit your needs. We are always available to answer your questions and concerns. Our packages start at a low monthly cost. You can choose from flexible packages depending on the size of your company and your requirements.

Maestro was designed to streamline the workflow and consolidate business rule processing into one system. This approach aims to eliminate manual tracking of individual commission/fee items for each period and to provide a processing engine that can handle the variable nature rep compensation packages. This system is comprehensive, dynamic, robust, and can adapt to the changing commission processing needs of your company.

You can create an engagement program that employees and customers love. You can create a sustainable competitive advantage by rewarding and recognising them. Engage, inspire and reward those who matter. Human behavior is complex. Hinda understands that motivating people to change their behavior requires the right combination in communication, training, measurement and progress reporting. Our programs are designed to help clients motivate participants to change and grow. We can help you achieve your goals by working with our partner network. Hinda has been helping businesses engage, inspire, reward and reward their most important employees for over 50 years. Our support, expertise, and resources help companies grow sales, retain employees, and build loyal customers. We deliver over 1,000,000 awards annually to individuals who have made outstanding achievements.

Better compensation decisions are the fastest way to save money, increase efficiency, and improve your bottom line. Our solutions transform data into the organizational intelligence needed to achieve this. Make better decisions. Our tools are more than technology. They are specifically designed for Compensation. Cloud-based solutions for Market Pricing (Surveys/Jobs/Incumbents) and Compensation Management (Salary/Merit/Bonus/LTI) are touted for their intuitive/simple delivery of complex processes. Integrate job authoring, job descriptions, competencies, salary structures and compliance management. Integrate all your internal job pricing models and salary surveys. Automate survey submissions. For optimal compensation decisions, view performance, talent, pay, and competitiveness data together.

CATS Sales Performance Management is a suite of SPM applications that helps businesses plan, design, allocate and manage incentive compensation. It also includes data integration and transformation, channel management, territory management, quota management, target management, goal setting and modeling, enterprise analytics and business intelligence, as well as workflow process automation. CATS SPM is available as a secure cloud service hosted at Centsoft or as an on-premise solution. It offers instant availability and universal accessibility, at a very affordable price, with no upfront commitments or costs. CATS Portal is the perfect complement to CATSSPM. It's an online meeting place and communications centre that will keep your sales team at their best. It is accessible from anywhere, at any time, and on any device. It allows for quick delivery and exchange of critical information that will make your sales program a success.

Power data-driven compensation decisions. CompAnalyst boosts compensation impact through accelerated workflows and curated suggestions. The integrated compensation platform that works well for all businesses. CompAnalyst solutions allow for smart pay decisions throughout the employee lifecycle. For unparalleled pricing accuracy, leverage the most current compensation data available in the market. With just one click, analyze pay competitiveness, automate pricing in the market, and take part in surveys. Combine internal company data with market data to get 360 degree analysis and reporting. It is time to take a fresh approach to education in compensation. Salary.com has partnered up with experts in the compensation industry to create a list of free courses that address key aspects of the compensation agenda. Learn the skills you need for success in your company.

Your partner in providing a tailored and compliant learning and talent development experience. You must increase the talent agility of your workforce to drive bottom line success and future adaptability. Business sustainability is dependent on employee retention. Employee retention is improved by developing your workforce. Continuous onboarding can help you achieve productivity that delivers real results faster. Employees who believe there is a path to success are more likely to stay with your company longer. Your organization has all the tools you need to ensure compliance, employee skilling, upskilling, career development, and planning. Your employees will benefit from a personalized, engaging learning experience that is both motivating and personal. Find, attract, and select the best talent for your company. Boost the efficiency and effectiveness your recruiting team.

Strategically leverage compensation to meet the rewards challenges of tomorrow and today with beqom's centralized and secure compensation and sales performance management software. beqom is a company that focuses on managing compensation for companies that demand the best from their compensation strategy. We have helped companies such as Daimler, McDonald's and Fujitsu streamline their compensation processes, cut costs and improve compliance. Our goal is to make your employees happy. Our flexible, adaptable and comprehensive sales performance management solutions integrate seamlessly with Workday, SAP SuccessFactors and Oracle HCM. This allows you to manage your employees' rewards without compromise.

ActionHRM offers complete employee lifecycle HRM solutions for midsize businesses that increase employee productivity, improve compliance, and reduce HR costs. This is done through an easy-to-use, on-demand solution that increases your HR without adding to your headcount. Our solutions are modular, scalable and compatible with all devices. We offer three main packages: CoreHR, ExtendedHR, and EnterpriseHR. ActionHRM can also provide tailored functional delivery that is aligned to your exact requirements, service expectations, and budget. Are you tired of using spreadsheets and paper-based processes or a mix of different solutions to manage your HR? ActionHRM will transform your HR department into a productivity engine. It will reduce risk and cost, improve employee engagement, and deliver better HR outcomes. ActionHRM eliminates the need for ad-hoc systems and data integration. Our world-class Software as a Service (SaaS HR) solution makes it easy to manage, develop, report, and deliver process automation.

Your ability to attract, manage, develop, and retain top talent is key to your business' success. TalentQuest offers solutions that will help you manage the entire employee lifecycle. Our Talent Management platform is easy to use and includes everything you need. It's powered by behavioral science and TQ Talent Insights™ - unlike any other. It can understand the dynamics of individuals as well as teams. It customizes learning experiences to individual employee development. Virtual coach that assists managers to be more effective leaders. Place the right people in the right places. Improve your management skills. The best teams are created. Talent Management that is human-centric!

Brilliant HR is a top-of-the-line compensation management software that aids organizations in streamlining and automating their salary planning. Our web-based platform automates complex compensation planning from being inefficient and laborious to efficient and error-proof. Brilliant HR, in partnership with Deltek offers a comprehensive Talent Management suite. Our cloud-based platform is intuitive and can be used to attract, hire, develop, and retain the right talent in your organization.

Compport is a SaaS-based solution that manages all your compensation plans. This includes candidate offers, annual/adhoc salaries review, bonus/incentive plans (customized for clients needs), long term incentive plans and Rewards and Recognition schemes. It is a 100% modular solution that allows users to design single or multiple compensation plans with 100% flexibility. They can then compare and assess the budget and impact upfront, launch it to line managers to review the salary components for their respective teams, and then allow communication with employees via a digital form to allow access to letters and total rewards statements. It assists organizations in achieving the following: • Superior efficiency up to 90% in all compensation processes • 100% flexibility in comp modeling and agility • Leaders, managers, and HR can make better decisions • Empowered culture through cascading decisions to the right stakeholders with the controls needed

The Pay Index assists professionals, students, educational institutions, and businesses in making informed decisions through transparency and analysis via its salary comparison reporting tool. The Pay Index's up-to-date market data combined with cutting-edge software makes it easy to access important information about career prospects and salary ranges for those who require it.

Automated commission tracking to ensure teams are productive and aligned. We believe hard work should be recognized and that there is a better way. All your data sources can be connected under one roof to enable real-time calculations every time. To get the best out of every team, you can build, preview, and launch a commission plan. To ensure everyone is motivated and aligned, share customized reports that are easy to understand. To run accurate, fast calculations, connect your data sources directly to our system. Automatically sync commission data across all teams to generate reliable calculations in real-time. Integrate your data source directly into our Commission system to save time each month in cleaning and collecting data. To provide reliable and accurate commission statements, run monthly commission calculations using the exact same data source each month. You don't need to manually enter data or make updates.

All your Compensation Needs in One Platform CompTrak's enterprise software combines incentive, equity and merit review into one platform. It allows companies to create, customize, and manage complex compensation plans. It also ensures that they are linked with corporate strategic goals. CompTrak aims to optimize the engagement of employees and make all components of compensation work together for mutual benefit. CompTrak consists of three core products: Compensation Management (Equity Plan Management), Total Rewards Statements (Total Rewards Statements), and Compensation Management (Compensation Management). Each module can be purchased separately or combined into one solution. CompTrak eliminates manual processes, spreadsheets, and dependency on legacy system. It allows companies to manage global compensation plans and provides a mobile Total Rewards experience for employees.