BalancedComp
About BalancedComp
BalancedComp Pricing
Pricing is based on an annual base fee. BalancedComp also charges a one-time setup fee.
Starting price:
$20.00 per year
Free trial:
Not Available
Free version:
Not Available
Most Helpful Reviews for BalancedComp
1 - 5 of 56 Reviews
Tod
Verified reviewer
Banking, 1,001-5,000 employees
Used more than 2 years
OVERALL RATING:
5
EASE OF USE
5
FUNCTIONALITY
5
Reviewed November 2018
Balanced Comp user for annual employee plans
I use Balanced Comp once a year during my annual review and also have the ability to go in there throughout the year and make notes on goals, performance, or tasks done throughout the year. Overall my experience with is has been positive.
PROSThe things that stands out to me most about Balanced Comp are the ease of use and the attractive set up. It's simple to use and easy to find what I need and its interface is colorful and simply set up, fun would even be a good way to describe it.
CONSThe only cons I have, and they are small cons, are the labeling of some of the fields where comments are made. I found myself clicking to read a comment and instead a box opening up to write a comment. Or I would click to write a comment and end up opening the box to read comments instead. Also I often wanted to base the comments I was writing on comments that were previously left but the comment writing box opened up over the previously written comments so that I could not review them.
Vendor Response
Tod, Thank you very much for your positive words. I would love to capture your suggestions for improvement in our helpscout tickets. Please consider clicking on the Support button inside the app and sharing your feedback.
Replied December 2018
Anonymous
11-50 employees
Used weekly for more than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed February 2019
A True Partner
Using BalancedComp gives me the strength of 10 people. If I were to replicate the same process and results, I would be spending hundreds of hours and tens of thousands of dollars. BalancedComp brings in a variety of salary sources, levels them, and presents the information in a very usable fashion. Additionally, the software gives us a default compensation philosophy we can use to springboard in developing our own. This was particularly helpful when we first started taking a deeper dive into compensation restructuring. Lastly, the support I get from BalancedComp is superb. They can't always provide me with a solution at no additional cost, but they listen to me needs and work really hard to find a way to help me. I always feel helped and to sold to.
CONSAs a data guy, I like to splice and dice the information to glean insights on the results of implementing our compensation strategy. I care that we are paying at market and on schedule based on experience in the position. I really heavily on the reports BalancedComp provides. However, there are some views that I want that the system can't generate. So I end up manually entering the data in Excel in order to produce the reports I want. Because I'm only one of a handful of clients that asks for these special reports, BalancedComp just can't justify investing their development into providing these reports.
Vendor Response
This may be my all time favorite reference. Please email me at Christie@balancedcomp.com so I can beseech you to allow me to post this on our website. This is exactly what we hope to do for our clients - give them the strength of 10 people.
Replied February 2019
Anonymous
51-200 employees
Used daily for less than 2 years
OVERALL RATING:
1
EASE OF USE
1
VALUE FOR MONEY
1
CUSTOMER SUPPORT
1
FUNCTIONALITY
1
Reviewed April 2019
Worst system & support I've ever experienced
It was one if the worst companies I've worked with. The lack of ability to provide specific feedback in each section of the review to the drafter, makes the process time consuming and inefficient. Instead of spending time making cute comments that pop up when you exit or submit a review, for example, maybe spend that time making the software functional and user friendly. After we made the mistake of contracting with them, I discovered others in HR at other organizations had difficulty with Balanced Comp and decided to go another direction. Luckily they discovered their incompetence before signing on the dotted line!
PROSWe we're excited about automating the performance review process.
CONSThe restricted nature of the software. Ex. Must have specific number of approvers assigned to a review, no matter the level the employee is at in the organization. And stop calling performance reviews, "plans". It makes no sense and just shows how out of touch Balanced Comp is.
Vendor Response
I am dismayed at your response and must suspect you are a competitor who is writing very nasty things. You can see what 99.9% of our clients have said about us. But if you are sincere, I hope you will give me the opportunity to address each and every one of your points of contention. For example, it isn't true that you need a specific number of approvers. Our clients love us. We have a 95% retention rate over our nearly 9 years of business.
Replied April 2019
Anonymous
51-200 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2019
Great Product and Easy to Use
BalanceComp has been a great company to work with. Their products have really helped HR look well prepared when asked by our CEO and CFO for reports/budgets.
PROSIt is a very easy product to use - from inputting your employees to sorting to seeing where the fall in their labor grade (comp ratio). Reports that would take hours to do if you were trying to do it manually to do are generated in seconds. There are lots of templates/samples so you don't have to start from scratch. Love that is is specific to the credit union world. Their customer service is great and they are open to listening to suggestions if you have any way to improve their product.
CONSFor the most part there really isn't anything that I don't like about their products (Balanced Comp and Balanced Results)
Vendor Response
Thank you for your kind words. One of our main goals is to make HR look great in front of the rest of the executive team. That made our day!
Replied February 2019
Susan
Financial Services, 501-1,000 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed February 2019
Excellent product/excellent company
They are unmatched in customer service. I used Balanced Comp with my prior employer and very readily contracted with them again when I changed to a new employer who didn't have an automated salary program in place.
PROSThis software provides a strong salary administration system that is easy to use, defensible, easy to explain internally, and has improved our overall processes related to salary administration tremendously.
CONSI'm stumped on what to say for a con. The only con I can say is the inability to search for a person or title without first bringing up or returning to the complete listing of persons or titles.
Vendor Response
Thanks Susan, I appreciate you taking the time to write a review. I'd like to take your suggestion to our product team.
Replied February 2019