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CompAnalyst is highly valued by Human Resources teams for its ability to benchmark internal compensation structures with those in the …
Overview
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.
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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.
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CompAnalyst Success Stories: Building a Solid Foundation
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CompAnalyst Success Stories: Communication is Key
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CompAnalyst Success Stories: Greg Bennett, Compensation Manager, EMHS
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CompAnalyst Demo Overview
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Product Details
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- Competitors
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What is CompAnalyst?
CompAnalyst is a compensation management solution designed to deliver faster decision making, and new insights into pay practices. With it, users can explore new intersections between market, company, and employee data with enhanced data integrations.
CompAnalyst Market Data provides access to what the vendor describes as a large and reliable HR-reported compensation data set. Users can market price hot jobs, industry-specific positions, and even combine jobs to map to specific needs, drastically reducing data gaps. The solution aims to achieve accurate market pricing by beginning with matching the organization's job titles and job descriptions with the appropriate market data, so that with a few clicks the user can match a job to any compensation survey source owned by the user, or to CompAnalyst Market Data.
CompAnalyst can recommend survey cuts for jobs using market data sources in one centralized location, and offers AI-recommended job matches and automated scopes to help users find the right survey cuts. The user can also apply weights and adjustments to data to get more accurate pricing for a particular organization.
The solution is from Salary.com, the company founded in 1999 and headquartered in Waltham and aims to be the leading provider of salary and compensation data for enterprises, small businesses, and individuals.
CompAnalyst Market Data provides access to what the vendor describes as a large and reliable HR-reported compensation data set. Users can market price hot jobs, industry-specific positions, and even combine jobs to map to specific needs, drastically reducing data gaps. The solution aims to achieve accurate market pricing by beginning with matching the organization's job titles and job descriptions with the appropriate market data, so that with a few clicks the user can match a job to any compensation survey source owned by the user, or to CompAnalyst Market Data.
CompAnalyst can recommend survey cuts for jobs using market data sources in one centralized location, and offers AI-recommended job matches and automated scopes to help users find the right survey cuts. The user can also apply weights and adjustments to data to get more accurate pricing for a particular organization.
The solution is from Salary.com, the company founded in 1999 and headquartered in Waltham and aims to be the leading provider of salary and compensation data for enterprises, small businesses, and individuals.
CompAnalyst Video
CompAnalyst Demo Overview
CompAnalyst Competitors
CompAnalyst Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
Frequently Asked Questions
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.
PayScale MarketPay, beqom, and CompLogix Compensation Management Software are common alternatives for CompAnalyst.
The most common users of CompAnalyst are from Mid-sized Companies (51-1,000 employees).
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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CompAnalyst is highly valued by Human Resources teams for its ability to benchmark internal compensation structures with those in the region and industry. Users rely on it as a key survey source for market pricing jobs, determining geographical differentials, and accessing bonus information. The software serves as a centralized repository for all market composites, salary surveys, internal job information, employee data, and job descriptions. HR Partners benefit from its features, enabling them to easily search for and export job descriptions and other compensation data. With CompAnalyst's comprehensive capabilities, it streamlines and simplifies the entire compensation management process, reducing time spent on survey management and allowing more strategic focus. This tool empowers HR professionals to understand compensation expectations in new markets and provides crucial data for compensation-related decision making. Moreover, users can analyze in-depth data points and accurately price specific jobs within their relevant industry roles using CompAnalyst.
User-Friendly Interface: Many users have found Salary.com/Companalyst to be user-friendly and easy to navigate. They appreciate the clean interface of the tool, stating that it makes it easy to find the necessary information. Some reviewers also mentioned that the system is intuitive and easy to use.
Extensive Data Availability: The extensive data available on Salary.com/Companalyst has been highly appreciated by users. They have mentioned that it makes it easy to find almost any job and provides a range of compensation for specific roles. Additionally, some users have noted that the platform includes market data, company data, and employee data.
Helpful Customer Support: Users have had positive interactions with the customer support team at Salary.com/Companalyst. They found them to be pleasant and responsive when addressing questions and concerns. Some reviewers specifically highlighted their positive experiences with the Customer Success Manager and Professional Services Consultant, noting their knowledgeability and availability.
Inaccurate PDF Output: Some users have mentioned that the PDF output for multiple scopes or hybrid positions with market data is not as clean as the web interface, leading to a less satisfactory experience in accessing and presenting information. Lack of Clarity in Bonus Structures and Job Descriptions: Reviewers have expressed that bonus structures are not always clearly defined and there is a need for more detailed job descriptions for level differentiation. This lack of clarity can cause confusion and hinder employees' understanding of their compensation structure. Limited Customization Options in Application Widgets: According to user feedback, additional customization options in the software's application widgets would be beneficial. The current limitations restrict users from tailoring the software to their specific needs, potentially limiting its overall usability and effectiveness. Absence of Real-Time Pay Data Feature: Some users have suggested that they would like to see a feature in CompAnalyst that allows them to view real-time pay data from their customer base, similar to what some competitors offer. The absence of this feature may limit users' ability to make informed decisions based on up-to-date market trends. Outdated User Interfaces: While acknowledging the efforts made by the development team in rolling out new features and updates, reviewers have noted that certain user interfaces within the software still need updating. These outdated interfaces may affect the overall user experience and create inefficiencies during navigation and data input processes. Overwhelming Number of Features: A few users feel overwhelmed by the abundance of features available in the software. They have suggested implementing a streamlined wizard with quick overview reports as a helpful starting point for navigating through all functionalities. This would assist users in efficiently utilizing the software without feeling inundated by its extensive capabilities.
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Reviews
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CompAnalyst provides important data for compensation-related decisions. With CompAnalyst, you are able to analyze in-depth data points and price-specific jobs for relevant industry roles.
- Market Data
- Company Data
- Employee Data
- There are so many features that a streamlined wizard with quick overview reports would be nice as a starting point.
- Help Target Top Talent
- Offer Competitive Compensation
- Data for Compensation Negotiation
- The Tool has Helped us Obtain Top Talent.
- This tool is worth the investment.
This tool is unique to anything else I have evaluated.
July 26, 2022
CompAnalyst at a Glance
It helps us as we explore new markets to get an understanding of compensation expectations to help our clients know what they should/shouldn't pay to remain competitive in attracting new talent and what we would recommend retaining current talent. We're legal recruiters and salary can range widely depending on the company, years of experience, education level, etc.
- Gives you a range of compensation for specific roles.
- Easy to navigate.
- There's a lot going on in the screen.
- Ranges of salaries for roles
- Positive- helped us avoid clients that are underpaying their folks.
- Positive- helped us educate clients so they can retain their folks and attract new talent.
August 27, 2020
An Excellent Compensation Management Solution
Our organization uses CompAnalyst across the enterprise. The system houses all of our market composites, salary surveys, internal job information, employee data, and job descriptions. Our HR Partners have access to CompAnalyst to search for and export job descriptions and other compensation data. CompAnalyst has allowed our organization to create a "one stop shop" for compensation management, and the software has reduced the amount of time we spend on survey management while increasing the amount of time we can spend providing strategic direction to the business.
- 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.
- 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.
- 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.
The value proposition for CompAnalyst is greater than other compensation management software alternatives that we have evaluated. No other system offers the same capabilities and functionalities as the CompAnalyst platform. While some competitors offer unique features not found in the tool, CompAnalyst is always evaluating new offerings to enhance the site. Additionally, we have an awesome professional services team that really rounds out the experience.
December 03, 2019
CompAnalyst Review
It is used in the Human Resources Department. We use it as one of our survey sources to market price our jobs. We also use it for geographical differentials and bonus information.
- It can find job matches that some industry surveys do not have.
- It can always get data for a position.
- It is easy to use.
- LTIP STI information is needed in more detail.
- It needs more detailed job descriptions for level differentiation.
- Used in creating salary structure that provides us a salary range for the company for budgeting purposes.
CompAnalyst gives me bang for my buck. It can get data other surveys may miss. It is easy to use and understand.
May 09, 2019
It's a YES from me, for CompAnalyst
CompAnalyst is used "BY" our Human Resources Team, but it is "FOR" the entire organization. We needed a tool to help us benchmark our internal comp structure with those in our region, as well as others within our industry.
- It allows us to benchmark our internal comp structure and design effective comp ranges.
- CompAnalyst allows us to benchmark our internal compensation with others in our industry.
- Allows us to market our comp ranges within a region, or across the US.
- Most of our job titles can be found within CompAnalyst.
- Bonus structures are not always clearly defined.
- More job titles within our industry would be helpful.
- More frequent updates
- Not able to provide specific ROI, but the ability to intelligently provide market data to C-Suite is sometimes priceless.
Both pro and con - no setup needed for CompAnalyst, but it also doesn't contain all my own comp data; have to build external reporting to be able to connect the two.
No
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