Best Compensation Management Software14Compensation management software is designed to help an organization maximize the returns on available talent. The ultimate goal is to reward the right people to the greatest extent for the most relevant reasons.UltiPro1https://media.trustradius.com/product-logos/PE/Cg/3O97AMG7OTTT-180x180.JPEGCeridian Dayforce2https://media.trustradius.com/product-logos/H8/gb/GRRFZG7EG952-180x180.PNGPaycom3https://media.trustradius.com/vendor-logos/UA/qK/2MPJ7C7UPPN2-180x180.PNGWorkday Human Capital Management4https://media.trustradius.com/product-logos/Wu/0G/8FQ1TNTS3WE6-180x180.PNGSAP SuccessFactors5https://media.trustradius.com/product-logos/6Y/vD/BW9SSICI1S8J-180x180.JPEGPayScale Insight Lab6https://media.trustradius.com/product-logos/zh/Ag/R17MICTBF3MQ-180x180.JPEGXactly Objectives7https://media.trustradius.com/vendor-logos/wk/Ur/70OQ7U5LF2RN-180x180.PNGIconixx Sales8https://media.trustradius.com/vendor-logos/aZ/Bm/ZX7FM0G61D05-180x180.PNGAchievers9https://media.trustradius.com/product-logos/71/Fz/UTBGCZ6L81SJ-180x180.PNGCompAnalyst10https://media.trustradius.com/product-logos/pA/Ps/D63IWMF5O2JK-180x180.PNGPayScale MarketPay11https://media.trustradius.com/product-logos/uC/XY/NSX5K7CDNBOT-180x180.JPEGMercer WIN | ePrism12https://media.trustradius.com/vendor-logos/RD/nf/VGCQ9Z6150HO-180x180.JPEGHarvest HCM Compensation Management Software13https://media.trustradius.com/product-logos/zn/JX/20E5B3XR2S5L-180x180.PNGKnowledgePay14https://media.trustradius.com/vendor-logos/ND/6R/91Z6610Z542U.pngCOMPview15https://media.trustradius.com/product-logos/8v/Dj/ITJCLQE8SN3Q-180x180.JPEGSentient16https://media.trustradius.com/vendor-logos/5K/2T/RCMF4Z1D93SZ.pngCuroComp17https://media.trustradius.com/vendor-logos/8p/0M/SJVTAVNVL5UL-180x180.PNGVue Producer Compensation18https://media.trustradius.com/vendor-logos/0p/Ug/KSZ15DP4ECOW-180x180.PNGtalentComp19https://media.trustradius.com/product-logos/vi/tM/A50A6F9HK6RJ.pngCompgun20https://media.trustradius.com/product-logos/gf/la/QQHC30RGWGC5-180x180.JPEGeeCompensation21https://media.trustradius.com/vendor-logos/VI/sd/TTG7UK1210N6-180x180.PNGbeqom Total Compensation22https://media.trustradius.com/product-logos/kr/PQ/97IB8X78T1WU-180x180.PNGDeepTalent23https://media.trustradius.com/product-logos/7u/mv/VV4LFLNT0FHJ-180x180.JPEGCompease24https://media.trustradius.com/vendor-logos/PO/HZ/OZDX9FE7QMJO-180x180.JPEGCompAccelerator25https://media.trustradius.com/product-logos/0j/tP/ZCP4TLUO1FPM.png

Compensation Management Software

Best Compensation Management Software

TrustMaps are two-dimensional charts that compare products based on satisfaction ratings and research frequency by prospective buyers. Products must have 10 or more ratings to appear on this TrustMap.

Compensation Management Software Overview

What is Compensation Management Software?

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. Compensation software supports the administration of variable pay programs like bonuses, merit, stock, and equity. In addition to administration workflow and approvals, many compensation management applications provide what-if modeling and analytics.


Compensation management software is related to ICM (Sales Incentive Compensation Management). ICM software is designed to manage the vicissitudes of sales cycles to produce reasonable quotas and commission. Compensation management software is more general in scope. Also, some vendors of compensation management software focus on providing intelligence to guide compensation decisioning.

Features of Compensation Management Software

Compensation management software provides the following set of capabilities:

  • Salary & commission tracking

  • Budgeting, forecasting, and approval workflow

  • Performance metrics, long-term planning, benefits deferral

  • Executive compensation

  • Import of updated real-world salary and comp data

  • Market pricing analytics, compensation research

  • Job description authoring guidance (e.g. competence, salary)

  • Salary review and policy/guideline compliance control

  • Competence and job matching

  • Flight risk analysis

  • Custom dashboards and report analytics

Pricing Information

Most compensation management software plans are available from compensation specialists, or HR research and consulting firms. These compensation management services may combine a software platform with market intelligence or compensation research services. Vendors may provide software on subscription, for perpetual licensing, or for a single payment with (renewable) intelligence. Also, HR software vendors provide plans are add-ons to Core HR / HRMS suites. These are generally cloud-based and available on a subscription basis.

Compensation Management Products

Listings (1-25 of 32)

UltiPro

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Top Rated
893 Ratings

Ultimate Software delivers cloud-based HCM solutions that help businesses simplify payroll computations, accelerate talent acquisition, manage time and attendance, and support proactive, strategic talent management on a global level.

Ceridian Dayforce

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Top Rated
896 Ratings

Ceridian Dayforce HCM is a cloud-based platform encompassing HR, payroll, benefits, and talent and workforce management. It provides companies with a scalable framework and real-time data, such as continual pay calculations, to enable efficient decision-making.

Paycom

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128 Ratings

Paycom is a core HR management software solution. It includes features such as talent acquisition and management, time tracking, and payroll management. It offers some automation capacities, particularly regarding payroll.

Workday Human Capital Management

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Top Rated
321 Ratings

Workday Human Capital Management is built as a cloud-based system with global consistency in user experience. Workday HCM is part of a broader system with other Workday products.

SAP SuccessFactors

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176 Ratings

SAP SuccessFactors is a suite of HR/HCM products covering these capability areas: core HR and payroll, recruiting and onboarding, learning and development, performance and compensation management, workforce analytics and planning, and employee experience management.

5 Ratings

Iconixx Sales is a cloud based sales compensation software application (SaaS) that enhances sales commission management with flexibility and scalability in an easy-to-use, all-in-one solution.

8 Ratings

Achievers is a platform for managing employee rewards and recognition programs. It includes features for tracking employee performance against company or project goals, as well as tracking social recognition of employees for their achievements, and tracking available budget for employee incentives a…

2 Ratings

CompAnalyst is a compensation management software product from Salary.com. It includes survey data management, a job description builder, access to the Salary.com worldwide database (HR-reported salary data), and a dashboard to analyze internal pay practices vs. the market.

Mercer consulting group in New York offers Mercer WIN | ePrism, a compensation management platform which supports resource optimization and compensation planning with deep analytics, easy data navigation with smooth workflow.

We don't have enough ratings and reviews to provide an overall score.

COMPview is a cloud-based compensation management solution. Some key features include: Automated Worksheets, Decision Support, and Budgeting and Planning.

We don't have enough ratings and reviews to provide an overall score.

CuroComp is a secure solution designed to maximize the business impact of compensation spend. The solution aligns performance and reward budget/spend to ensure the correct mix and level of compensation goes to those who contribute the most and are incentivized to do so within a demonstrably fair and…

We don't have enough ratings and reviews to provide an overall score.

talentComp is a very light weight compensation management offering for small businesses from CWS Software in New Jersey.

We don't have enough ratings and reviews to provide an overall score.

Compgun is a compensation management tool that is designed to be simple enough to be familiar to Excel users, while being powerful enough to handle any commission plan. The vendor says key differentiators include a solution that is quick to set up and easy to use. The vendor says it will configure …

We don't have enough ratings and reviews to provide an overall score.

eeCompensation from eeStrategy in San Francisco is a compensation modeling and management tool.

We don't have enough ratings and reviews to provide an overall score.

beqom is a Total Compensation Solution for HR & Sales to lead, align and motivate their employees and partners. The beqom Total Compensation platform is used globally across all industry sectors by over 100 large companies such as Microsoft and Vodafone. It addresses all Performance and Compensa…

We don't have enough ratings and reviews to provide an overall score.

DeepTalent is an automated cloud-based performance management system that offers self, peer, and supervisor reviews, collects the data and surfaces it via an analytics interface. The platform aims to promote a culture of feedback that leads to a sustainable competitive advantage. Users enter or impo…

We don't have enough ratings and reviews to provide an overall score.

Compease is an employee compensation management tool for credit unions, from CU Solutions Group. The system includes market-driven salary data, compensation consulting expertise, and user friendly compensation administration software to align employee compensation plans with salary data specific to …

We don't have enough ratings and reviews to provide an overall score.

Houston-based Dartican offers CompAccelerator, the company's flagship compensation management platform offering international capabilities and hourly, monthly or annual salary management, as well as localized budget pools.

TrustRadius Top Rated for 2020

2020 Top Rated Compensation Management Software

There are plenty of options out there, but here's our shortlist of the best Compensation Management Software. These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. To qualify, a product must have 10 or more recent reviews and a trScore of 7.5 or higher, indicating above-average satisfaction for business technology. The products with the highest trScores appear first on the list. Read more about the Top Rated criteria.