TalentComp Pricing, Features, Reviews & Comparison of Alternatives

TalentComp

Cloud based compensation management software

4.67/5 (3 reviews)

TalentComp overview

What is TalentComp?

TalentComp is a cloud based compensation management solution that offers budget control, compensation calculation and assessment within a suite.

TalentComp is capable of handling different types of compensation structures such as merit increases, bonuses, stock options, promotions and lump sum payouts. The software also allows users to manage employee compensation based on pre-defined business rules.

As managers rate their employees, the system automatically calculates their revised salaries based on the merit rules. The software also allows managers to view compensation of all the employees who report up to them, both directly as well as indirectly. Managers can also view how much of the budget has been used up in the increments and notifies in case the increments go higher than the assigned budgets.

After a manager has completed the recommendations, they are submitted to the next manager in the hierarchy for approval. After the recommendations are approved, the software allows managers to generate printable compensation statements for their team.

After all the recommendations are approved, the software enables users to export all data to the payroll system so that the compensation can be updated in the company’s payroll database.
www.cws-software.com

Pricing

Starting from
$6000/year
Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States

Supported languages

English, French, Italian, Portuguese, Spanish
TalentComp screenshot: Manger Recommendations ScreenTalentCompTalentComp screenshot: Summary Statistics ScreenTalentComp screenshot: Employee Detail Pop_up (configurable detailed employee info with history)TalentComp screenshot: Home PageTalentComp screenshot: Admin Completion Report & Reminder Email ConfigTalentComp screenshot: Advanced Reporting PackageTalentComp screenshot: Advanced Reporting Detail

TalentComp user reviews

Excellent
2

Very good
1

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  4.7
  5.0
  4.7
Kevin Veit

Overall excellent product for the price.

Used occasionally for 2+ years
Reviewed 2017-09-19
Review Source: Capterra

Pros
Good functionality. Very user friendly with a professional but simply look at each screen. Very user friendly. Price is at market.

Cons
I do not see major cons. If I had a wish list, would like to see additional features such as long-term I-comp tracking.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Catherine Winters

Talent Comp Review

Used weekly for less than 6 months
Reviewed 2019-06-11
Review Source: Capterra

Pros
The software is fully customizable and our implementation specialist was great. She was able to add whatever fields we needed quickly.

Cons
I would like to be able to print compensation letters in Word format.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Alisa Cardenas

Great experience with TalentComp!

Used daily for 2+ years
Reviewed 2020-06-11
Review Source: Capterra

Pros
Software is extremely flexible, support team is top notch and is available around the clock.

Cons
As with any software, there can be limitations of functionality, even with development work.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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TalentComp pricing

Starting from
$6000/year
Pricing options
Subscription
View Pricing Plans

Contact CWS Software for pricing information.

TalentComp features

Customizable Reporting
Data Import/Export

API (562 other apps)
Activity Dashboard (500 other apps)
Activity Tracking (285 other apps)
Applicant Tracking (326 other apps)
Automatic Notifications (411 other apps)
Customizable Branding (324 other apps)
Employee Database (313 other apps)
Employee Management (364 other apps)
Employee Onboarding (261 other apps)
Employee Portal (270 other apps)
Employee Self Service (262 other apps)
Performance Management (258 other apps)
Real Time Reporting (276 other apps)
Recruitment Management (287 other apps)
Reminders (276 other apps)
Reporting & Statistics (510 other apps)
Self Service Portal (366 other apps)
Third Party Integration (396 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Videos and tutorials

Additional information for TalentComp

Key features of TalentComp

  • Merit Increases
  • Bonuses
  • Stock Options
  • Promotions
  • Lump Sum Payouts
  • Offers compensation management
  • Reports from employee data
  • Managers can access employee data
  • Payroll management
  • Payroll management functionality
  • Secure cloud storage
  • Reports on employee data
  • Merit based salar increments
  • Import files from any source
  • Salary data
  • Automatically calculates based on business rules
  • Upload Unlimited Comp Statement templates
View All Features

Benefits

TalentComp offers budget control, compensation calculation and assessment within a suite.

TalentComp offers different types of compensation structures such as merit increases, bonuses, stock options, promotions and lump sum payouts.

Hierarchy arrangement enables users to submit recommendations to the next managers in line for review.

After recommendations are reviewed, the software prepares printable employee compensation statements.

Reporting module enables users to gain a complete view of the workforce which helps them to take effective decisions on workforce management practices.