Best Compensation Management Software for Workable

CompUp is an all-in-one compensation management platform designed to help rewards teams benchmark, plan, and communicate compensation to support fair pay. By bringing all compensation data and benchmarks together, it provides valuable insights for running appraisal simulations and managing executive appraisals with ease. Core Product Modules: Survey Management: Centralizes the handling of all compensation surveys. Bands: Build and securely share pay bands across functions, job families, and levels. Simulation: Conduct budget simulations to recommend employee-specific increments. Appraisal Cycles: Streamlined multi-level budget approvals for business units. People Analytics: Customizable dashboards offer deep insights for data-driven decisions. Total Rewards Portal: Show employees the total value of their compensation. Pay Equity Management: Identify and correct pay disparities to ensure compliance.

HiBob, a premier provider of HR solutions, offers a robust HCM named Bob to empower HR teams and streamline operations. From onboarding and performance management to employee engagement and automation, Bob equips HR leaders with the resources necessary to foster a positive workplace culture, drive employee development, and focus on strategic initiatives that propel organizational growth. HiBob’s platform, Bob, simplifies HR processes and ensures ease of use with customizable workflows tailored to different roles. It automates paperwork and seamlessly integrates with existing systems to save time and ensure data accuracy. The user-friendly approach empowers HR professionals to manage company-wide HR tasks effectively and efficiently. Bob Performance Management provides tools for goal setting, feedback, and performance reviews. Real-time tracking and data insights enable timely interventions, fostering a culture of accountability and continuous improvement and boosting employee engagement and retention. Bob’s employee engagement tools foster connection and collaboration among employees through channels for feedback, recognition, and communication, boosting morale and productivity.

Running HR isn't for the faint of heart. Namely gives you the resources to make your life easier and your employees happier. With modern, intuitive technology and a world-class team of HR experts, Namely empowers and supports people teams with an all-in-one HR solution designed for mid-sized businesses (25-1000 employees). Whether you’re transitioning from a PEO or switching to new HCM software, Namely has the technology and people to support your company every step of the way.

Barley makes it easy for you to manage, structure, analyze, adjust, and manage your compensation across your entire organization. You can also keep an eye on changes in salary trends with Barley. Create a consistent compensation structure for your company. Get the context you need for data-driven pay decisions. You can complete compensation reviews in less than 30 minutes and with greater confidence. Your talent team is aware of changes in the market. You can use the data they collect to get an instant pulse on market trends. Get the most current salary benchmarks from your candidates. It takes a lot of time to manage compensation in spreadsheets. Barley's automated workflows make it easy to speed up every step of your compensation process. This allows you to focus on what really matters: your people, your goals. Your greatest asset (and cost) is your people. Barley allows you to have complete control over your merit increase and hiring budgets so you can place them where they are most effective.

In decades past, offer letters have remained unchanged. This is the end of it. Your candidates will be able to access an interactive portal that teaches them about their total compensation, their team, and the company's values. Collaborate with a group to discuss your team's compensation philosophy and make real-time leveling decisions. Your employees shouldn't be able to guess their compensation value. Allow employees to fully understand their compensation, including equity grants, bonuses, and other benefits. To ensure alignment during critical merit planning meetings, model, revise, and share your real-time compensation plan with your team. Secure live data connections from your data, ATS and HRIS to update your candidate or employee pools as you need.

Pequity offers flexible compensation solutions. It offers both full-service and Self-service options, ensuring precise, data driven comp cycles and pay bands. Pequity keeps your data safe. You no longer have to share sensitive compensation data and employee data on spreadsheets. Pequity combines the familiarity and power of spreadsheets, with automation at scale. Pequity is designed for the complexity and transparency of your unique compensation structure. It will meet your program where it is today and take it to where you want it to continue to grow. Pequity is a single hub where all stakeholders can align on compensation. Communication and collaboration with peers, leaders and managers, business partners, recruiters, employees and candidates will help you to convince them to support your compensation philosophy.