Best Free Compensation Management Software of 2024

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.

Empxtrack is a next generation software for Human Resource and Talent Management. It is one of the most trusted integrated web-based HR solutions that can automate all areas of the Human Resource department and encourages a paperless environment. It also provides comprehensive reports and analytics for informed decision making. Empxtrack uniquely combines Performance Management, Human Capital Management, Compensation Planning, Recruitment, Self and Manager Services, Payroll and Compliance, Rewards and Recognitions, Manpower Planning, Surveys and a comprehensive Employee Database with advanced search features. Empxtrack is currently being used by more than 350,000 employees across 20+ countries. And the numbers continue to grow month-over-month. For businesses of all sizes, across multiple industries. The intuitive interface and customizations provide good user experience and help build engaged and high performing workforce. Empxtrack offers ready to start products for FREE. Use Empxtrack for free and upgrade when required. Keep adding more functionality as you need.

To automate all calculations, including overtime premiums and multiple pay rates, rules can be applied automatically to employees or situations. Managers can remotely monitor attendance and time of employees and access up to two-thirds of the reports. You don't have to wait until the end for attendance records. To track vacations, sick days and banked time automatically, you can set up unlimited accruals. Employees can view their accrual balances online, which eliminates the need to contact human resources for this information. Management can track and control exactly where employees can punch in/out, down to the device level and GEO fence level. Track employee expenses and allocate time for tasks. In just a few clicks, you can manage employee skills and qualifications and process payroll.

gradar combines job evaluation with an integrated competency library and smart support to compensation analytics & benchmarking.

Ledgy is the trusted equity management solution for high-growth businesses. All countries are compliant with the best-in-class security, privacy, and security. Digitize your spreadsheets to create a transaction-based captable that's always accurate, scaleable, and can be updated in real time. Accurate scenario and exit modeling will make your financing rounds a success. You can streamline your due diligence and manage every vesting schedule. With custom dashboards, you can show the most recent information to all your stakeholders (investors, employees, and shareholders). Ledgy automates equity plans and helps you attract and retain top talent. Employees can manage their equity and view their shareholdings as well as their vesting schedules and future valuations. Engage your investors by sharing KPIs and accurate funding scenarios, valuations and exits, custom reporting, etc. Learn why Ledgy's platform is loved by founders, CFOs, HR departments, and their employees. To see it in action, book a custom demo.

Compare your organization's compensation data to the market. We can help you identify the cost-to-market and provide actionable plans to keep your organization competitive. Pay equity in your workforce. OpenComp can help you identify differences in pay equity between genders and ethnicities so that you can quickly close them. You can create multiple growth plans for your organization and estimate the equity and cash burn for each scenario. Based on precise location models, map compensation. OpenComp allows you to adapt your comp philosophy as teams become more distributed. You can make fair offers and get compensation requests directly from the market.

The only enterprise-grade solution for sales performance management that is easy to use and can be up and running in a matter of weeks.

CompTool is one of the most affordable and easiest market pricing and compensation programs available. We have a solution that will work for any company, whether it is a startup, a Fortune 500 or a consulting firm. We implement our users on average in three days and not three weeks. You can either use our white-glove service or follow our step-by step guide to load everything. CompTool was designed with the practitioner in mind and to keep clutter at bay. All the information you need is at your fingertips. CompTool has a simple and intuitive way to update and refresh the data. Users can choose to use our data refreshes or update their data in a matter of minutes. CompTool's feedback collection tool allows your team members to share market data and market matches with your stakeholders.

PROSFY is a new salary benchmarking technology. It allows individuals and small-to-medium-sized businesses to calculate their salary in real-time. The goal is to close the existing wage gaps and increase transparency on the labor market.

Our solution, which offers a single card that offers flexible benefits, meal allowances, insurance, discounts and more, allows you to save on average EUR1,000 per employee. All-in-one solution for managing and enjoying multiple benefits. Flexible benefits allow employees to maximize their compensation while saving on their daily expenses. Your employees will reach their full earning potential while you cut costs. Coverflex allows you to choose the benefits that you want to offer your employees and manage them all from one place. Whether you want to manage a single benefit or a large number, centralizing and simplifying your processes is the best way to go. Allow your team to decide how they want to spend their compensation. Coverflex allows you to decide how to spend compensation at any time, according to your changing needs. All of our benefits are designed to make them accessible to everyone. The first fully automated and digital experience to issue vouchers.

Simple and straightforward platform for real-time salary benchmarking & HR insights based on what's most important, attracting & maintaining talent. Data on remuneration is collected directly from our clients' payroll and HR systems to provide a real-time survey of the value of a role. Our advanced job-matching platform matches roles, and provides a trust score based on the data points. We value your privacy, so we anonymize all data sets. This ensures that your data is safe while also providing you with valuable insight to drive decision making. Instead of being frustrated by your remuneration processes, turn them into a valuable source of information. LiveRem allows you to search, compare and access roles in New Zealand across all industries and companies. No need to waste time on lengthy salary surveys.

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.

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.

Real-time communication and planning of compensation is possible. Pave makes it easy to make better comp decisions and eliminate spreadsheets. It is powered by real-time integrations from your HRIS, ATS and Cap Table. Merit cycles can be a tedious process. Teams create compensation reports and have spreadsheets that are accessible to every manager. Pave centralizes compensation data to manage merit cycles in one place. Employees and candidates often overlook the entire picture regarding equity, bonuses, or benefits. Pave lets you visually present the entire dream to attract and retain top talent. Most surveys require periodic manual uploads, resulting in out-of-date compensation data. Pave integrates your systems in minutes and provides real-time benchmarking data for compensation. Surveys on compensation are outdated. Total rewards are more than just salary.

Aeqium provides HR teams and managers with all the data they need to make quick, data-driven decisions about compensation. Workflows are designed to make it easy for you to document the results, collaborate on compensation decisions, and offer merit recommendations. Wrap up reviews quickly to get your managers back on track with growing your business. Offer the most competitive compensation packages within your budget. Aeqium helps teams ensure fair pay and transparency for all employees. Review how your bands affect hiring and retention. Model proposed changes and update as needed. Aeqium provides automatic insights into the total compensation of your team, including salary, variable and equity data. You can analyze compensation across departments and roles with just a few clicks, allowing you to make better decisions and avoid turnover.

Incentrium, your cloud-based solution to share-based compensation. Managing programs, tracking forfeited grant, and initiating exercise. Valuation simplified for SOP, VSOP and other types of contracts, including RSU, PSU and RSU/VSOP. Innovative modular pricing, three speed modes, and innovative modular pricing make it easy. Reporting excellence through reliable, compliant reporting, flexible data slicing and multi-GAAP support.