Finding software can be overwhelming. We help HR departments choose the right compensation management software so they can track budgets and tie pay to performance.

Showing 1-20 of 36 products

Infor HCM

Infor CloudSuite HCM is a suite of human resources applications with several deployment options. Applications in the core suite include benefits management, absence and time entry, budgeting, employee safety, talent acquisition, onboarding,... Read more

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Recent recommendations: 23 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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SAP SuccessFactors

SAP SuccessFactors business software provides organizations with an integrated suite of features to manage their workforce. The solution offers tools for both enterprise organizations and small businesses. It's cloud-based, so the... Read more

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Recent recommendations: 9 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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CompensationXL

CompensationXL is a cloud-based human resources (HR) solution. It allows users to create workbooks, which they can access online. The solution stores business rules and the data is fed automatically to human resources information systems... Read more

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Recent recommendations: 6 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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BullseyeEngagement

Linking compensation to performance is one of the most common ways to encourage employee engagement and increase productivity. With BullseyeEngagement, employers can manage compensation according to performance standards. Read more

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Recent recommendations: 5 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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TalentComp

TalentComp is a standalone compensation management solution suitable for businesses of all sizes. It can be deployed as a cloud-based or on-premise solution. TalentComp tracks employee compensation and performance history. Information... Read more

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Recent recommendations: 5 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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Compease

Compease is a complete cloud-based salary administration solution used by businesses of all sizes across industries such as retail and manufacturing. The solution allows HR teams to facilitate the analysis, design and execution of... Read more

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Recent recommendations: 4 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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CuroLite

CuroLite is a cloud-based compensation planning solution that caters to small and midsize businesses across various industry verticals such as consulting, health care, finance and more. Key features include data management and uploads,... Read more

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Recent recommendations: 4 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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CuroEnterprise

CuroEnterprise is a compensation management system designed to manage the compensation spend of a company. The solution tracks budget and spends to ensure that the correct level of compensation is paid to employees. It also offers... Read more

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Recent recommendations: 2 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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Laserbeam Compensation

Compass is a cloud-based talent and compensation management solution designed for HR professionals, managers and executives. It helps HR employees plan compensation budgets, design and implement salary structures for different roles,... Read more

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Recent recommendations: 2 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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Harvest HCM Compensation

Harvest HCM is a cloud-based talent and compensation management solution that allows businesses to manage different components of their employee pay structure and compensations. The solution helps users to keep track of merit pay,... Read more

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Recent recommendations: 1 recommendations

Platforms: MacWinLinux
Deployments: Cloud, On premise
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Calamari

Calamari is a cloud-based human resources solution that offers two best-of-breed modules: leave management and clock in or out services. The software is suitable for small to midsize businesses in any industry and offers Android and... Read more

Platforms: MacWinLinux
Deployments: Cloud, On premise
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ADP Vantage

ADP Vantage HCM is an on-premises human capital management (HCM) solution suitable for large organizations with more than one thousand employees. ADP Vantage offers integrated tools to manage recruiting, talent management, time management,... Read more

Platforms: WinLinux
Deployments: Cloud, On premise
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Oracle Taleo Enterprise Cloud Service

Oracle Taleo Enterprise Cloud Service is a cloud-based human resource (HR) management suite suitable for large and midsize businesses in all industries. Key features include candidate management and employee onboarding, especially... Read more

Platforms: MacWinLinux
Deployments: Cloud, On premise
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PeopleBookHR

PeopleBookHR is a cloud-based human resources (HR) management solution. Primary features include employee information management (EIM), asset management, payroll, performance management, leave management, time and attendance management,... Read more

Platforms: MacWinLinux
Deployments: Cloud, On premise
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ClockIt

ClockIt is a cloud-based time and attendance solution suitable for small and midsize businesses in all industries. Key features include time and attendance tracking, leave management, reporting, route planning and real-time employee... Read more

Platforms: MacWinLinux
Deployments: Cloud, On premise
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EmpXtrack

EmpXtrack offers a compensation management module to help companies ensure their top performers are being adequately rewarded for outstanding performance. Read more

Platforms: MacWinLinux
Deployments: Cloud, On premise
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PeopleFluent

PeopleFluent provides a cloud-based talent acquisition and talent management suite, complemented by applications for Vendor Management, Workforce Planning and Diversity and Analytics. The talent acquisition and talent management applications... Read more

Platforms: MacWinLinux
Deployments: Cloud, On premise
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PeopleSoft Human Capital Management

Oracle PeopleSoft Human Capital Management (HCM) is an on-premise suite of applications suitable for midsize to large organizations. The solution includes a Global Core Human Capital Management module as well as workforce management,... Read more

Platforms: MacWinLinux
Deployments: On premise
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SnapHRM

SnapHRM is a human resource (HR) software solution. It can be deployed either through the cloud or on-premise. SnapHRM has both an employee dashboard and a manager dashboard. In the employee dashboard, employees can track their attendance,... Read more

Platforms: MacWinLinux
Deployments: Cloud, On premise
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HRsoft

HRSoft's compensation planning solution provides a centralized system where employers can easily plan, allocate and manage compensation for all employees. From salaries to merit and incentive pay, HRsoft has you covered. Read more

Platforms: MacWinLinux
Deployments: Cloud, On premise
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Buyer's guide


Last Updated: April 11, 2019

Every company is different when it comes to compensation management. While budgets are usually based on company earnings, the ratio of employee salaries to overall revenue can vary significantly depending on the industry.

For example, it would make sense for a landscaping company that depends on employee labor to allocate a higher percentage of their revenue to compensation compared to a manufacturing plant that handles the majority of its production through machines.

This is why some businesses struggle to calculate compensation plans that align with business goals and allow them to attract or retain top-notch employees. Luckily, there are a variety of software solutions that can help.

In this guide, we’ll break down everything you need to know about compensation management solutions. Here's what we'll cover:

What Is Compensation Management Software?
Benefits of Compensation Management Software
Common Functionality of Compensation Management Software
Additional Considerations

What Is Compensation Management Software?

Compensation management software allows HR managers to conduct salary planning, calculate bonus payouts by factoring in achievement and performance metrics for individuals or departments. The tool is available as a separate module that can be added to a vendor’s talent management suite, along with performance and learning management programs.

Common features of compensation management software include:

  • Compensation and salary planning
  • Budgeting and reporting
  • Compliance support
  • Automated incentive program administration
  • Self-service access for all employees

Whether your work for a large company or a small startup, it’s critical to invest in the right platform to balance the business’ compensation structure. Many affordable and efficient options are available to streamline the planning process and automate necessary tasks. This allows HR professionals to make more informed decisions and recommendations.

Benefits of Compensation Management Software

Effectively managing compensation means ensuring that employees are paid the right amount on time, every time. To do so, companies must keep current, accurate and accessible records, which is often a complex task. Some companies may use Excel spreadsheets or email to track compensation history, which can be inefficient as well as insecure. Compensation management software can eliminate recordkeeping problems, and comes with a range of other benefits, such as:

Increased accuracy and efficiency. Instead of spending time tracking and calculating employee compensation in multiple spreadsheets—which often leads to errors—business owners and managers can save time, and plan for pay increases and incentives, by tracking all employee data in one place.

Ready-made worksheets guide managers through the salary planning process, and allow them to enter discretionary rewards when