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CompAnalyst

Score9 out of 10

18 Reviews and Ratings

What is CompAnalyst?

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.

CompAnalyst Review

Use Cases and Deployment Scope

In our organization, we use CompAnalyst for gathering info for two new positions for determined on market

Pros

  • market analysis of different positions

Cons

  • making sure they have the most divise positions - new positions

Return on Investment

  • makes my company more competitive

Usability

CompAnalyst Review

Use Cases and Deployment Scope

In our organization, CompAnalyst helps us analyze comp for the variety of specialists we have in our small insurance org

Pros

  • analysis
  • comparison
  • explanation of differences in cost of living

Cons

  • diving into smaller orgs
  • showing the education difference between salaries
  • understanding niche industries

Return on Investment

  • In our organization, CompAnalyst Helps keep great performers

Usability

Alternatives Considered

Glassdoor.com

CompAnalyst helped us pay our people fairly

Use Cases and Deployment Scope

We use it to match jobs, grade our positions and get our market data for our global grading system for compensation.

Pros

  • Job Matches
  • Job Titles
  • Compensation Data

Cons

  • Saving job matches
  • creating specialized jobs
  • general searches feature hard to use

Return on Investment

  • Allowed us to put together global grades
  • Helps us quickly update ranges during merit
  • makes sure we have the latest data for jobs

Usability

Alternatives Considered

MerlinOne

Other Software Used

Dayforce, TeamSense, Awardco

Great tool for HR Managers

Use Cases and Deployment Scope

I utilize CompAnalyst on a regular basis when I need to find accurate compensation information in a particular geographical area within a specific discipline. I can customize my searches based on company size, industry and job family. It allows for more accurate job pricing to keep us competitive in both rural and urban markets across several regions.

Pros

  • Registered Nurse
  • Hospice Aide
  • Social Worker
  • Accountant
  • Sales Rep
  • Hospice Administrator
  • LPN
  • Healthcare Recruiter

Cons

  • the user interface is not very intuitive, takes some time to get used to
  • do not like the default to national rates unless you check it off

Return on Investment

  • It has kept us competitive
  • It has allowed us adjust our pay to retain key people
  • taken the guesswork out of pay scales

Usability

Other Software Used

Cornerstone, Awardco, UKG Pro

An Excellent Compensation Management Solution

Pros

  • CompAnalyst's Job Architect revolutionizes job description management. The job description process lives within the software from conception through completion. Workflows allow job descriptions to be edited and reviewed by users and non-users throughout the organization, and you can search for related tasks and responsibilities within Job Architect.
  • Our Customer Success Manager and Professional Services Consultant are responsive, knowledgeable, and available to address our questions and concerns. Having a dedicated team of compensation experts helps us have the best possible experience.
  • As one of the first compensation management software solutions in the market, CompAnalyst excels in managing survey data and market composites. The system is intuitive and user-friendly, and the development team is always looking for new ways to enhance system functionalities.

Cons

  • I would like to see additional customization options in the software's application widgets.
  • Some competitors offer the ability for customers to see real-time pay data from their customer base. This is a feature I would like to see in CompAnalyst.
  • Some user interfaces in the software still need to be updated, but the team is doing an excellent job rolling out new features and updating the tool.

Return on Investment

  • We have eliminated the need to have internal IT support for the tool since CompAnalyst hosts the software.
  • We have reduced the amount of time spent on survey administration since the software can generate survey submissions.
  • By having CompAnalyst, we estimate that we are able to reduce our headcount by .5 FTE.

Alternatives Considered

Payfactors and PayScale MarketPay