Our Top Picks

Beqom Total Compensation Management Logo
Beqom Total Compensation Management
Beqom Total Compensation Management has tools to help compensation managers do a better job developing total rewards programs. The performance-management module enables users to set realistic goals, while built-in tools for salary management make it possible to track all salary processes from a single platform.

With Beqom, compensation managers can easily set up bonus schemes that comply with company policies and regulatory guidelines. The software also has tools to help with long-term incentive planning and executive compensation management.

Summary

Beqom Total Compensation Management Logo
Beqom Total Compensation Management
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
CaptivateIQ Logo
CaptivateIQ
CaptivateIQ helps businesses compensate commission-based employees appropriately. With this software, it's possible to develop custom commission plans to motivate sales professionals to exceed their quotas. The software combines traditional spreadsheet features with cloud-based technology for ease of use.

The solution makes it easy to audit commission calculations, preventing costly errors and enhancing compliance with relevant compensation laws. With CaptivateIQ, it takes just three steps to build a commission plan: connect a data source, customize the plan, and set up calculations.

Summary

CaptivateIQ Logo
CaptivateIQ
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    No
Ceridian Dayforce Logo
Ceridian Dayforce
Ceridian Dayforce uses predictive analytics to alert managers of compensation changes that could cause top talent to leave, creating opportunities to prevent turnover and keep skilled employees engaged. With this software, it's possible to set up custom budget rules and allocate specific amounts to each manager or department, giving compensation managers more flexibility.

Ceridian Dayforce also helps managers comply with company compensation policies by sending alerts whenever an increase is outside the allowed range for a position or department.

Summary

Ceridian Dayforce Logo
Ceridian Dayforce
  • Starting Price
    • $11.50/month/employee
  • Free Trial/Demo
    60-Day Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Compease Logo
Compease
Compease has a step-by-step job evaluation system and a database of market data to help compensation managers set competitive salary ranges. With this software, it's possible to identify problems with pay compression and lack of salary parity, ensuring managers have the information they need to treat all employees fairly.

Compease also has built-in analytics to identify top performers who might leave the company, giving firms the opportunity to update their compensation practices before they lose top talent.

Summary

Compease Logo
Compease
  • Starting Price
    • Pick 1: $2-$6/month/employee
    • Pick 2: $3-$7/month/employee
    • Pick 3: Custom Quote
  • Free Trial/Demo
    Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
CompensationXL Logo
CompensationXL
CompensationXL automates several processes involved in compensation management, increasing efficiency. The MERIT suite is designed to look like the Microsoft Excel interface, reducing the amount of time it takes managers to start using it for compensation planning, while the BONUS suite helps compensation professionals design fair bonus plans.

CompensationXL also has Equity and Reward suites for tracking long-term rewards and producing rewards statements. For convenience, the four suites can be purchased individually or all together.

Summary

CompensationXL Logo
CompensationXL
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Compport Logo
Compport
Compport makes it possible to automate the annual salary review process and ensure all salary increases are aligned with a firm's policies and budget. The software also enables users to design and launch long-term incentive plans, performance-based bonus schemes, and rewards and recognition programs.

For managers concerned with pay equity, Compport has an equity management module that makes it possible to analyze compensation gaps; ensure compensation and rewards are appropriate for the market, and make better decisions.

Summary

Compport Logo
Compport
  • Starting Price
    • Compport Fit: $0.3/month/employee
    • Compport SIP: $0.2/month/employee
    • Compport Analytics: $0.15/month/employee
    • Compport Survery: $0.15/month/employee
  • Free Trial/Demo
    Free Demo
  • Deployment
    Installed - Mac
    Installed - Windows
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
CompTrak Logo
CompTrak
CompTrak is designed to simplify complex processes and help compensation managers identify important trends. The software has in-depth logging capabilities to assist managers with compliance activities, and it also integrates with HR information systems to increase efficiency.

Built by compensation experts, CompTrak has three modules for the user's convenience: compensation management, equity plan management, and total rewards experience. The system is designed to scale with a business, eliminating the need to transfer compensation data to another system.

Summary

CompTrak Logo
CompTrak
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Engagedly Logo
Engagedly
Engagedly has several features to help compensation managers save time and increase efficiency. Built-in tools make it easier to design custom compensation plans, create new salary structures, and develop budgets. This software has an employee data upload feature, making it possible to link Engagedly with Compport.

The survey module enables users to create surveys and find out more about employees' skills and salary needs. Engagedly also produces detailed reports to help compensation managers easily measure productivity and other KPIs.

Summary

Engagedly Logo
Engagedly
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    No
COMPview by HRsoft accommodates an unlimited number of compensation plans, giving plan administrators extra flexibility. The software works with multiple rules and budgets, making it easier to work with bonuses, merit increases, and equity plans.

Although COMPview works well as a stand-alone system, it can also be integrated with a full HR suite, eliminating the need to enter compensation information in multiple locations. COMPview also has built-in support tools to help line managers make decisions regarding pay increases.

Summary

  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Infor HCM Logo
Infor HCM
The Infor HCM core bundle includes three modules: Global Human Resources, Talent Management, and HR service delivery. With the Global HR module, it's easy for HR professionals to budget for new positions, administer rewards programs, and create organizational structures.

Managers can use the Talent Management module to set performance goals, develop compensation plans, and track organizational learning. The HR service delivery module makes it possible to build company knowledge bases and improve the delivery of HR services to all departments.

Summary

Infor HCM Logo
Infor HCM
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Oracle PeopleSoft Logo
Oracle PeopleSoft
Oracle PeopleSoft has tools to help firms manage complexity and keep administrative costs to a minimum. The solution makes it possible to give employees direct access to company compensation plans, including commission and bonus schemes. PeopleSoft even has configurable matrices to generate multiple outputs, including variable target percent, payment currency, and mean total compensation.

Built-in tools enable managers to budget for individual and group increases, make budget comparisons and load salary changes to salary records.

Summary

Oracle PeopleSoft Logo
Oracle PeopleSoft
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Does not offer a Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Paycom makes it easy for managers to set up new compensation plans and ensure pay increases are in line with employee contributions. The software has the ability to create a merit matrix, helping managers combine their budgets with performance data; this matrix can even be adjusted to reward employees who are already at the top of their pay grades.

Paycom also offers customizable reports to help firms better understand how their compensation strategies affect performance.

Summary

  • Starting Price
    • Base Fee: $195.67
    • Delivery Fee: $4.50
    • Employee Fee: $10.71
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Payfactors Logo
Payfactors
With Payfactors, it's easy to store third-party salary surveys and refer to them as needed. The search tool enables users to view data from a single or multiple surveys for added flexibility.

Payfactors has tools to help compensation managers build salary structures and edit them when necessary, perform what-if analysis using stored compensation data, and compare internal pay practices with market-wide practices, helping firms do a better job of retaining talented employees.

Summary

Payfactors Logo
Payfactors
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
PayScale MarketPay Logo
PayScale Marketpay
PayScale MarketPay is designed to help compensation managers perform benchmarking activities and design compensation plans appropriate for market conditions. The Compensation Surveys module gives users access to third-party salary data, making it possible to determine if a firm is leading, lagging, or matching the market on pay.

The platform comes with more than 60 standard reports, along with the ability to create custom reports. PayScale MarketPay also includes preconfigured survey templates, a pricing wizard, and year-over-year analytics.

Summary

PayScale MarketPay Logo
PayScale Marketpay
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Salary.com Logo
Salary.com
Salary.com offers compensation software to help managers analyze data, make informed decisions, and develop compensation plans aligned with a firm's overall business strategy.

The software uses artificial intelligence to help companies determine if they're lagging the market in terms of pay, making it easier to attract talented employees. Salary.com also has interactive salary structure visualizations to help managers achieve internal equity and match the market on salary, increasing retention rates and ensuring employees are paid fairly.

Summary

Salary.com Logo
Salary.com
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
SAP SuccessFactors Logo
SAP SuccessFactors
SAP SuccessFactors helps firms attract, retain, and motivate talented employees. To help managers build strategic compensation plans, the software enables users to optimize budget allocations and link employee performance to total rewards.

With SAP SuccessFactors, managers can generate detailed compensation metrics and review employee performance ratings, making it easier to align a firm's compensation strategy with its overall business strategy. SAP SuccessFactors also allows managers to plan base pay, equity pay, and bonuses at the same time without switching views.

Summary

SAP SuccessFactors Logo
SAP SuccessFactors
  • Starting Price
    • $8/month/user
  • Free Trial/Demo
    Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    24/7 (Live Rep)
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
TalentComp Logo
TalentComp
TalentComp streamlines the many processes involved in compensation management, from designing compensation plans to approving salary increases. With TalentComp, managers can use what-if analysis to determine how an individual or group increase is likely to affect their budgets, speeding up the planning process.

The software integrates with third-party applications, including payroll software and complete human resource information systems, saving users time and preventing data-entry errors. TalentComp also makes it easier to manage variable compensation programs.

Summary

TalentComp Logo
TalentComp
  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Free Demo
  • Deployment
    Web-Based, Cloud, SaaS
  • Support Options
    Business Hours
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    No
UKG Pro is a robust suite designed for human capital management. With this software, HR professionals can easily perform salary calculations and access the data they need to ensure all employees are paid fairly, based on their credentials and performance.

UKG Pro has powerful people analytics, enabling users to run a variety of custom reports to calculate retention rates, average salaries, and other metrics. The software also includes features to help with payroll, benefits administration, and open enrollment.

Summary

  • Starting Price
    • Custom Quote
  • Free Trial/Demo
    Does not offer a Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Workday HCM Logo
Workday HCM
Workday HCM comes with tools to help HR managers develop agile compensation programs that easily adjust to market changes. The visually appealing dashboard makes it easy to view metrics, such as the overall compensation budget.

With Workday HCM, managers can develop multiple compensation plans, including bonus schemes and executive compensation strategies. Pay equity dashboards make it possible for managers to determine if an organization has equity issues, and the software enables HR staff and hiring managers to work together.

Summary

Workday HCM Logo
Workday HCM
  • Starting Price
    • $100 to $200//employee/three-year contract
  • Free Trial/Demo
    Free Trial
  • Deployment
    Web-Based, Cloud, SaaS
    iPhone / iPad
    Android
  • Support Options
    24/7 (Live Rep)
    Business Hours
    Online
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    Yes
Xactly Objectives Logo
Xactly Objectives
Xactly Objectives enables firms to create and deploy management-by-objective (MBO) plans, making it easier to align compensation with employee performance. The user-friendly interface allows users to calculate key metrics and determine if they're within their allotted budgets for bonuses and merit increases.

Xactly automates several processes, giving HR professionals the opportunity to spend more time on strategy and less time on paperwork. The software also makes it easier for managers to give information on expected payouts to the accounting department.

Summary

Xactly Objectives Logo
Xactly Objectives
  • Starting Price
    • $40/month/user
  • Free Trial/Demo
    30-day Free Trial and Free Demo
  • Deployment
    Cloud, SaaS, Web
    Mobile - iOS Native
    Mobile - Android Native
  • Support Options
    24/7 (Live Rep)
  • Billing/Invoicing
    Yes
  • Electronic Signature
    Yes
  • Payment Processing
    Yes
  • Quotes/Estimates
    No

How We Chose the Best Compensation Management Software

Many vendors offer compensation management software to help companies administer rewards fairly. Each software has a wide range of features, meaning you may find it difficult to determine which is the best fit for your business. We evaluated each software for you based on its compensation management features, integrations, and reports.

Compensation Management Features

Designing an equitable compensation system requires HR professionals and business owners to consider several factors, including employee competencies, industry-specific payment practices, and how geographic location influences an employee's salary expectations. Good compensation management software makes it easier to account for these factors when creating salary ranges or developing commission plans. We looked for software that includes compensation plan modeling, compensation statements, and employee reward programs.

Integrations

The best compensation management software integrates with HRIS, accounting systems, and other applications, preventing data-entry errors and ensuring everyone has access to up-to-date information. We looked for software that integrates with a variety of tools commonly used for compensation management and other HR activities.

Reports

Good software makes it easier for compensation managers to identify key trends, including the average pay for each position and the total cost of a company's rewards program. We looked for software that produces detailed reports to help managers make better decisions.