10+ Best Compensation Management Softwares 2021

Compensation management software allows organization leaders to plan and execute a compensation strategy. Beyond automating budget and pay tracking, compensation management software integrates real-world data to provide fair salaries, reward success, and manage flight risk. Features:
  • Salary & commission tracking.
  • Budgeting, forecasting, and approval workflow.
  • Performance metrics, long-term planning, benefits deferral.
  • Executive compensation.

Comparision

Logo Name Sort Rating Sort CEO Pricing Sort Founded Sort Revenue Sort Employees Sort Location Sort Reviews Sort Customers Sort
COMPview COMPview 9.6 David Kennedy N/A 1996 $13 M
91+
Maitland
1587+ Reviews
1K +
Talentsoft CMS Talentsoft CMS 9.6 Jean Stephane Arcis N/A 2007 $75 M
600+
France 8900+ Reviews
N/A
Payscale HR Payscale HR 9.5 Scott Torrey N/A 2002 $87.5 M
425+
Seattle 5790+ Reviews
N/A
Compease Compease 9.3 Dave Adams $49 2010 $18.4 M
47+
Livonia
3670+ Reviews
N/A
Saba Compensation Management Saba Compensation Management 9.1 Phil Saunders $300 1997 $33 M
1,400+
Dublin 1654+ Reviews
4K +
Ultipro Compensation Management Ultipro Compensation Management 8.9 Scott Scherr $600 1993 $2 M
5,144+
Weston 1978+ Reviews
6.6K +
Payfactors Payfactors 8.9 Jeff Laliberte N/A 2013 $55.7 M
7+
Quincy
4769+ Reviews
N/A
Workday Compensation Workday Compensation 8.8 Aneel Bhusri $100 2005 $913 M
12,500+
California 2700+ Reviews
3.2K +
Ceridian Dayforce HCM Compensation Ceridian Dayforce HCM Compensation 8.6 David Ossip $11.50 1992 $824.1 M
5,200+
Minnesota
2340+ Reviews
3.7K +
Paycom Compensation Management Paycom Compensation Management 8.5 Chad Richison $195.67 1998 $113 M
3,765+
Oklahoma City
3789+ Reviews
N/A

COMPview

9.6 User Rating
Applicant tracking, Compensation management, Total rewards communication Feature
Overview

COMPview is a powerful compensation management software. It has all the tools to help managers experience convenient and streamlined compensation planning. COMPview can eradicate spreadsheet errors, help produce clear-cut budgets for employee compensation, and integrate with other HRIS software. With COMPview’s support, managers can become more efficient in strategizing employee compensation.

Talentsoft CMS

9.6 User Rating
Learning Management, Compensation Management, Document Management Feature
Overview

Talentsoft CMS is a smart compensation management software. It can centralize data across all talent management procedures, which helps managers disseminate bonuses, stock options, promotions, and rewards easily. Talentsoft can also monitor employee performance and produce suggestions on how much compensation employees should receive. And, it can automatically input them to the payroll.

Payscale HR

9.5 User Rating
Salary Monitoring, Job Benchmarking, Fresh Market Data and Analytics Feature
Overview

Payscale HR is a software that offers tools for fast and efficient compensation planning. For one, it has a simplified dashboard that flashes employee data; no more cumbersome and eyesore spreadsheets. Everything is displayed using clear visual aids so that managers can experience convenience. Payscale HR is also user-friendly and easy to integrate into a company’s system.

Compease

9.3 User Rating
$49 Price
Compensation Calculation, Compensation Assessment, Salary Planning Feature
Overview

Compease is an all-in-one compensation management solution designed as a powerful cloud-based salary administration and planning software for businesses. This software provides extensive compensation management tools that deliver automated salary administration. With Compease, businesses can simplify their compensation management, thanks to the platform’s high-end features like budget control, compensation calculation, compensation assessments, and compensation modeling.

 

Saba Compensation Management

9.1 User Rating
$300 Price
Manager Dashboards, Workflow and Notifications, Budget Planning Feature
Overview

Saba is a well-recognized HR software that’s capable of managing employee compensation. It has all the digital tools to gather and facilitate data to calculate the compensation every employee receives. Everything is streamlined to make life easier for HR managers. Saba is data-driven and enables a much better compensation planning process.

Ultipro Compensation Management

8.9 User Rating
$600 Price
Talent Management, Reporting, Performance Management Feature
Overview

UltiPro Compensation Management is a top-rated compensation management software built for fast-paced business operations. Designed as a comprehensive compensation management software, UltiPro Compensation Management has the capacity to establish meaningful decisions around all areas of compensation management processes. On top of that, this platform delivers high-end analysis tools, talent insight, and data visualizations.

 

Payfactors

8.9 User Rating
Access control, Compensation Data Management, Customization Feature
Overview

Payfactors is a compensation management software that can provide all the needed insights for compensation planning and processing. It transforms compensation management from a manual to a fully-automated task. Payfactors can process and calculate employee compensation. It can also help managers study their compensation strategies to identify necessary changes or improvements.

Workday Compensation

8.8 User Rating
$100 Price
Performance Management, Time Tracking, Goal Management Feature
Overview

Workday Compensation is a user-friendly compensation management software designed to simplify compensation management processes. Workday Compensation delivers extensive compensation management solutions that leverage employee rewards and payment processes. Workday Compensation primarily highlights its key capabilities, including compensation plan creation, compensation package development, dashboards, and compensation survey management.

 

Ceridian Dayforce HCM Compensation

8.6 User Rating
$11.50 Price
Simple reporting, Mobile access, Quick data entry Feature
Overview

Ceridian Dayforce is a dynamic compensation management software. It has insightful support tools, enables collaborative decision making, has easy administration, and other elements that make compensation management easy. With Ceridian Dayforce, HR managers can reward employees equally based on their performance. It’s a must-have software for employers and HR teams.

Paycom Compensation Management

8.5 User Rating
$195.67 Price
Access control, Compensation Data Management, Customization Feature
Overview

Paycom Compensation Management is a compensation management software that offers complete compensation management solutions. This platform allows users to streamline compensation and budgeting processes, enabling them to control workplace payment and rewards efficiently. On top of that, Paycom Compensation management delivers superb compensation analytics tools that deliver a real-time view of compensation spending.