Compensation Management Software

Best Compensation Management Software include:

UltiPro, Workday Human Capital Management, and Ceridian Dayforce.

Compensation Management Software TrustMap

TrustMaps are two-dimensional charts that compare products based on trScore 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

(1-25 of 32) Sorted by Most Reviews

UltiPro
910 ratings
665 reviews
Top Rated
TRUE
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
899 ratings
471 reviews
Top Rated
TRUE
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
146 ratings
97 reviews
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
329 ratings
77 reviews
Top Rated
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
177 ratings
51 reviews
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.
PayScale Insight Lab
21 ratings
13 reviews
PayScale Insight Lab is a sales intelligence software solution offered by PayScale, Inc.
Xactly Objectives
2 ratings
2 reviews
Xactly Objectives is an employee compensation management designed to support creation, automation, and evaluation of MBO plans, from Xactly in San Jose.
Iconixx Sales
5 ratings
2 reviews
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.
CompAnalyst
3 ratings
2 reviews
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.
Achievers
8 ratings
2 reviews
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…
PayScale MarketPay
5 ratings
1 reviews
PayScale MarketPay is a compensation survey data aggregator that supports merit and structure modeling, report writer, and pricing wizard.
Mercer WIN | ePrism
2 ratings
1 reviews
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.
Harvest HCM Compensation Management Software
Harvest HCM™ Compensation Management is designed to help companies move away from managing and updating a master spreadsheet to track compensation programs. This solution gives managers one place to log in and administer pay programs for their direct reports. Harvest HCM™ Compensation Management in…
CuroComp
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…
talentComp
talentComp is a very light weight compensation management offering for small businesses from CWS Software in New Jersey.
Compgun
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 …
eeCompensation
eeCompensation from eeStrategy in San Francisco is a compensation modeling and management tool.
DeepTalent
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…
Compease
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 …
FocalReview
SpiraLinks in Campbell offers FocalReview, the company's flagship compensation management application supporting HR teams with budgeting, review, analysis and compensation approval, with employee portal and payroll integration.
LaserBeam Software Compass
LaserBeam Software offers their flagship compensation management platform Compass, supporting HR teams with compensation analytics, budgeting and forecasting, and administration of merit pay, bonuses, promotions or adjustments, and other wage related changes and management.
CompAccelerator
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.