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Compensation Management Software

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Spiff logo



Commission management solution with real-time dashboards

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Spiff is a new class of commission software that combines the familiarity and ease-of-use of a spreadsheet with the power of automation at scale- enabling finance and sales operations teams to self-manage complex incentive compensation plans with ease.

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CompAccelerator logo



Configurable, cloud based compensation management software

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CompAccelerator is a configurable, cloud-based compensation management software which supports compensation planning for salary, bonus and equity, helping managers make allocation decisions for salaries, bonuses, and long term incentives with real-time reporting, localized budget pools, and more

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QuotaPath logo



Logical and efficient comp management for your revenue team.

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Sales commission software that drives ownership and accountability for RevOps, Finance, and Sales. Align and motivate your teams with real-time visibility into your variable compensation processes.

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CaptivateIQ logo



Run commissions with confidence

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CaptivateIQ is the agile commission solution that empowers companies to confidently run effective incentive compensation programs. With its powerful calculation engine, real-time visibility, and key insights, CaptivateIQ saves time and unlocks the potential to adapt and optimize commission plans.

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Deel logo



The all-in-one HR platform for global teams.

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Deel is global payroll, compensation & benefits management software built for global teams. Use automated workflows to hire and pay full-time employees and independent contractors across the world legally, in minutes.

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SimplyMerit  logo



Cloud-based HR compensation management with insight analysis

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SimplyMerit is a web-based, real time compensation management solution for global businesses that promises to assist HR departments make informed compensation decisions, with workflows for merit pay adjustment requests and approvals, a team collaboration engine, budget modeling and insight analytics

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CompTrak logo



Highly configurable compensation management platform

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CompTrak is a highly configurable compensation management solution that enables organizations to manage all types of compensation within one single platform. End-to-end management of salary planning, bonuses, commissions, deferrals and specialized long-term incentive programs,

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TalentComp logo



Cloud based compensation management software

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TalentComp compensation management makes it easy to route, approve and distribute increases and bonuses, process company-wide.

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Aeqium logo



Compensation Planning With Total Flexibility.

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Aeqium integrates with human resource (HR) systems to help users automate merit cycle creation, generate compensation analysis reports and build workflows for managers tasked with managing compensation reviews.

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Bob logo



A modern HR platform for modern business

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Bob is a flexible intuitive global compensation management software that puts all stakeholders—such as HR, finance, C-levels, and managers— on the same page. Easily access updated data on salary, tenure, and performance, providing the full picture for making meaningful, equitable decisions.

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ChartHop logo



ChartHop - The People Operations Platform

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ChartHop is a dynamic People Operations Platform that connects and visualizes all your people data to empower your organization through insights, alignment, and action.

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BetterComp logo



Compensation market pricing automation at scale

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Market pricing automation at scale using all your favorite surveys - Radford, Mercer, WillisTowersWatson, Culpepper, etc.

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QGenda logo



Cloud-based physician scheduling software

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QGenda is a cloud-based physician scheduling software that enables academic medical centers, hospitals, healthcare practices, and federal organizations to communicate within teams, track employees' timings, and manage compensations on a centralized platform.

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PromptPayPlanner logo



Compensation management for small to mid-sized organizations

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PromptPayPlanner is an intuitive and affordable compensation management solution that gives users more time to focus on what matters.

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Compease logo



Compensation management and merit planning software

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Compease is a comprehensive, automated salary administration program that includes expert compensation consulting, current salary market data, easy to use software, and annual updates.

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Factorial logo



HR software for small & medium companies

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Factorial is a powerful HR software for small to medium companies to automate administrative tasks such as documents, holidays, absences, and much more. Manage payrolls and securely store important documents or even offer flexible compensation and benefits for employees in just one place.

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Paycor logo



All-in-on HR solution built to modernize people management

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Paycor’s all-in-one, cloud-based human capital management (HCM) platform modernizes every aspect of people management, from recruiting, onboarding and payroll to career development and retention.

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Workday HCM logo

Workday HCM


An HCM system that adapts to what comes next.

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Workday HCM is a cloud-based human resources solution that helps businesses streamline workforce planning, talent management, employee engagement, and payroll processes.

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Everstage logo



Make sales commissions your strongest revenue lever

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Everstage is the leading sales commission software that optimizes your commission management process, driving revenue growth like never before.

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Branch logo



Branch enables accelerated payments to workers.

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Branch enables businesses to accelerate payments to their workforce with our comprehensive workforce payments platform.

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RUN Powered by ADP logo

RUN Powered by ADP


Payroll, Tax Filing, HR and Timekeeping

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RUN Powered by ADP is a proven small business payroll solution built with ADP’s experience and knowledge gained from working with over 750,000 small businesses. No other company can equal ADP’s 70+ years of payroll experience, or ADP’s human resource and compliance expertise.

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Paychex Flex logo

Paychex Flex


Payroll & HR solutions

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Paychex Flex is a cloud-based payroll management platform which helps users manage payroll processing with automatic payroll tax calculation, payment, & filling

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Paycom logo



Cloud-based human capital management (HCM) software

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Paycom empowers businesses with access to workforce data. Our system gives employees access to view and interact with their information, reducing the administrative burden on HR. Since all applications have a single database, changes made by employees/employers are populated throughout the system.

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Dayforce HCM logo

Dayforce HCM


Cloud HCM platform to manage the entire employee lifecycle

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Dayforce HCM by Ceridian is a comprehensive human capital management solution that offers a range of features for HR, payroll, benefits, and time and attendance management.

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TriNet Zenefits logo

TriNet Zenefits


HR | OnBoarding | Payroll | Benefits | Compliance

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The Zenefits platform integrates all processes, apps, and tools needed, including payroll, HR, benefits, compliance, and time. Zenefits serves SMBs of all sizes; from 1 to 5 employees, to businesses with 1000+ employees.

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Here's what we'll cover:

Buyers Guide

Compensation Management

Compensation management is a complicated process that requires you to collect compensation details, apply taxes and benefit deductions, and ensure payroll compliance. A compensation management system automates these processes, thereby simplifying tasks and improving the accuracy of calculations.

To help you make an informed decision on a compensation management software purchase, we’ve answered some essential questions related to compensation management software:

What is compensation management software?

Compensation management software allows businesses to administer and manage wages and salaries of employees, freelancers, and contract workers. The software helps users calculate employee salaries, manage bonuses and benefits, and track total business costs spent on employee salaries.

What are the deployment options for compensation management software?

Compensation management software is typically offered in two deployment models: 

Cloud-based deployment: These solutions host your data on the vendor’s server infrastructure so you don’t have to purchase the equipment on your own. These systems offer subscription pricing and typically charge you on a per user, per month or per-month basis. You can access the software using a web browser or mobile app.

On-premise deployment: Unlike cloud-based systems, these systems host data on business-owned servers. This means that you’ll have to purchase, set up, and maintain servers for data processing and data storage. On-premise systems are accessed via an installed application on your computer. Pricing for on-premise systems is usually on a per-user license basis. Apart from that, you may also need to purchase updates periodically.

Key question to ask a vendor before you buy: What is the total cost of ownership (TCO) per year? 

What are some common features of compensation management software?

The next step is to learn about the key features of a compensation management system. This knowledge helps you select products based on your specific payroll requirements.

The following are common features of a compensation management software:

Compensation calculation: Define formulas to calculate the different components of an employee’s compensation package. For instance, you could define salary calculation rules for leave, overtime, and bonuses.

Compensation rules in Empxtrack

Compensation rules in Empxtrack (Source)

Compensation records: Add, delete, and update employee and payroll information in the database. You can revise salaries based on annual appraisals, promotions, and tax changes.

Compensation records in Workday

Compensation records in Workday (Source)

Compensation reporting: Generate reports on employee compensation such as monthly reports on the total cost of salaries.

Compensation dashboard in Spiff

Compensation dashboard in Spiff (Source)

Budget control: Set a salary budget for a payroll period and receive alerts if your payroll costs exceed the stipulated budget.

Budget management in Compensation Software By Willis Towers Watson

Budget management in Willis Towers Waters Compensation Software (Source)

Key questions to ask a vendor before you buy: Apart from these features, which other features does your product offer that could be useful in my business? What new features are you planning to introduce in the future?

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*Note: The applications selected in this article are examples to show a feature in context, and are not intended as endorsements or recommendations. They have been obtained from sources believed to be reliable at the time of publication.