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OpenComp

OpenComp

Overview

What is OpenComp?

OpenComp is compensation software, or a "compensation intelligence platform," providing benchmarking, design & plan activation, offered wtih the goal of helping users to get compensation right and pay employees fairly. The service includes market data, planning, analytics, and professional consultation,…

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Pricing

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Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://www.opencomp.com/pricing-plans

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

Starting price (does not include set up fee)

  • $4 per month per employee
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Product Details

What is OpenComp?

OpenComp is compensation software, or a "compensation intelligence platform," providing benchmarking, design & plan activation, offered wtih the goal of helping users to get compensation right and pay employees fairly. The service includes market data, planning, analytics, and professional consultation, to simplify compensation planning.

Some if its features include:

Market Pulse - See how a company pays versus its peers, and run quick pulse market queries and cost-to-market analyses with:
  • AI-enabled job architecture & leveling
  • Benchmark normalization & indexing
  • HRIS & equity provider integrations

Comp Design Studio - Model, create, and configure compensation programs optimized for competitiveness, burn and dilution with free tools like:
  • Pay ranges
  • Geographic strategy
  • Headcount planner
  • Scenario modeling

Activation Hub - Help HR leaders gain clarity every time they make a compensation decision with:
  • Intelligent offers
  • Adjustments
  • Executive scorecards

OpenComp does not buy outside data; according to the vendor, their data comes directly from thousands of customers. They further state their data sets best represent the behaviors of small to medium sized businesses. Their benchmarks are updated on a quarterly basis. Currently the solution boasts integrations with 20+ HRIS and equity management providers to automate compensation data entry and update data and insights daily.

OpenComp can be started for free on the Team plan level, and Premium pricing starts at $4 per employee.

OpenComp Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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