HRsoft Compensation Management

RATING:

4.7

(30)

About HRsoft Compensation Management

With an industry-leading, purpose built platform for compensation lifecycle management, HRSoft brings the power and business impact of digital transformation to the least automated process in HR. HRSoft's Compensation Management brings all disparate compensation-related data into a single unified system with the right level of transparency to stakeholders across your organization and adjacent HR systems. - Systematically guide, control and simplify the calculation and allocation of merit, bonus and equity awards that drive employee engagement, performance and retention - Avoid compensation chaos by designing, approving, executing and measuring even the most complex compensation strategies - Define, oversee and control the entire compensation lifecycle, from budget ...

HRsoft Compensation Management Pricing

Pricing is available on inquiry.

Starting price: 

$1.00 per year

Free trial: 

Not Available

Free version: 

Not Available

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HRsoft Compensation Management Reviews

Overall Rating

4.7

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for HRsoft Compensation Management

1 - 5 of 30 Reviews

User Profile

Britta H.

Verified reviewer

Hospital & Health Care, 501-1,000 employees

Used less than 12 months

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed April 2018

Our recent implementation went smoothly thanks to our excellent support team.

PROS

HRSoft COMPview enables us to support our business through building advanced rules and calculations not available in our HRIS. We were able to build interfaces between our HRIS and HRSoft to ensure the data populated in the planning tool was mapped properly. We also built reports to support seamless payroll processing for our annual bonus payments. Our support team was incredibly knowledgeable and supportive throughout the entire process.

CONS

Some features are hardcoded into the HRSoft COMPview tool which may require some creative resolution. The HRSoft team was extremely accommodating and always kept our business needs in mind. Also, post-implementation, we held a post-mortem and HRSoft listened to our feedback for improvements which may be adopted in future releases.

MARIUS

Insurance, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2020

Technology Review

CompTrak software allows us to manage the most complex compensation plans with confidence. It has no issue handling exceptions and complex business rules.

PROS

The Comptrak vendor is very knowledgeable about the Insurance business. They proved to be very accommodating even with short notice requirements. Impressive development and testing speed and quick turnaround time for changes. Their deliverables are always of very high quality. The customer support team is always standing by to pick up the phone and call if we have questions or issues. Based on feedback I got from our business users, the software is intuitive and very easy for managers and administrators to use, gives them the flexibility to handle all situations with audit compliance. From a daily maintenance perspective it's worth mentioning and in the last 2 and a half years since we went live we never had any major severity incident, not even a medium severity one.

CONS

Nothing I can think of at this moment. The software is very robust and we had no significant production incident with it.

Anonymous

10,000+ employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

3

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2020

CompTrak Review

- Highly customized application to support employee variable compensation planning and allocation. - Excellent support and flexible professional services

PROS

- function rich - highly customized - ease of use

CONS

- error handling is a bit weak - not enough information cross checking and validation - error messaging is a bit weak

Ashley

Oil & Energy, 501-1,000 employees

Used daily for less than 12 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed February 2020

What the tool lacked in functionality, the team makes up for in service and customization

CompTrak has been very accommodating with our requirements and timelines. Response times on support inquiries are very quick. What the tool lacked in functionality, the team made up for in service and customization.

PROS

- Very accommodating to our needs for customization due to our unique plan rules. - Our goal was not to change our user experience from the legacy system and CompTrak went into great efforts to make that happen for us. - User interface is user-friendly and does not require extensive training for employees to use. - Our reporting requests were probably more complex than some and CompTrak did a great job fulfilling those requirements.

CONS

- UI is a bit out-dated and could use a visual update in the next few years.

Reason for choosing HRsoft Compensation Management

No other vendor was able to accommodate our plan rules. Our choices were only CompTrak or build in-house.

Reasons for switching to HRsoft Compensation Management

Our legacy system was on a platform that is no longer supported.

Lisa

Capital Markets, 5,001-10,000 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed January 2020

Comments from Administrator

Customer service is impeccable! The team is always available to help when issues arise.

PROS

The application is intuitive and very easy for managers and administrators to use. It gives us the flexibility to handle all situations with audit compliance.

CONS

Can't think of anything major. Overall experience has been nothing but positive.