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Best Compensation Management Software
Did you know employees refer to benefits as the third-largest factor for job satisfaction and performance? If an organization wants to retain top talent, it must compensate the candidates fairly. But that's easier said than done. Considering the multitude of factors influencing compensation rates, it can be extremely challenging to know if the company is compensating the employees fairly. That's where technology, like compensation management systems, helps an organization make fair decisions when it comes to compensating its employees. Compensation management software can be defined as a tool that assists the HR team in making wise, calculated decisions about both recruiting and compensation planning. The main purpose of compensation software solutions is to give hiring managers, executives, and talent staff the total budget available for employee salaries and industry rates for the same. Below is a list of the industry's best compensation management software that you may find useful.
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Software
List of Best Compensation Management Software
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Oracle Fusion Cloud Human Capital Management (HCM)
Human Capital Management (HCM)
Oracle Fusion Cloud Human Capital Management (HCM) is an advanced, cloud-based HR software solution designed for businesses of all sizes. It offers a comprehensive suite of tools to manage every aspect of the employee lifecycle, from hiring and onboarding to retirement. Key features include talent management, payroll, workforce planning, and absence management, all integrated within a single ... read more about Oracle Fusion Cloud Human Capital Management (HCM)
NA
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United States
SAP SuccessFactors
Top Human Capital Management Software
SAP SuccessFactors is an integrated human capital management (HCM) suite that revolutionizes workforce management. This cloud-based solution offers many great HR functions, from talent acquisition to employee performance and development. With SAP SuccessFactors, businesses can streamline their HR processes, ensuring efficiency and compliance. The platform facilitates seamless collaboration, ... read more about SAP SuccessFactors
7 Days
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Germany
ADP Workforce Now
All-in-one platform for payroll and HR software
ADP Workforce Now is a comprehensive human capital management solution that simplifies HR processes for businesses. With its user-friendly interface, it covers payroll, time and attendance, benefits administration, and talent management. The platform streamlines workforce management to allow easy tracking of employee hours and leave. ADP Workforce Now ensures accurate payroll processing to reduce ... read more about ADP Workforce Now
7 Days
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United States
MarketPay
The enterprise-velocity compensation platform
MarketPay is an advanced compensation management software, designed for businesses that require comprehensive pay data analysis and benchmarking. It's particularly valuable for organizations aiming to establish competitive and fair compensation practices based on market data. MarketPay's standout feature is its extensive database of salary surveys, enabling HR professionals to perform detailed ... read more about MarketPay
NA
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United States
Workday HCM
An HCM system primed for performance.
Workday Human Capital Management (HCM) is a user-friendly cloud-based software designed to streamline and manage various aspects of human resources. With a focus on simplicity, it offers modules for core HR functions, including employee data management, payroll, and time tracking. Workday HCM provides insightful analytics, enabling organizations to make data-driven decisions for workforce planning... read more about Workday HCM
7 Days
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United States
Sage People
Fully-featured HR platform with modules like timesheets, shift scheduling, expenses & performance.
Sage People is a comprehensive platform designed to simplify human resource management for businesses. It is a digital hub, streamlining tasks such as workforce planning, employee engagement, and talent acquisition. With Sage People, companies can efficiently manage their HR processes, ensuring a cohesive and productive work environment. The platform's user-friendly interface makes it accessible ... read more about Sage People
7 Days
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United Kingdom
UKG Pro
Build a people-centered strategy with culture-driven HCM
UKG Pro is a comprehensive human capital management (HCM) software designed to streamline various HR and workforce management tasks. With a user-friendly interface, it facilitates efficient payroll processing, time and attendance tracking, and benefits administration. UKG Pro's self-service features empower employees to manage their personal information, access pay stubs, and submit time-off ... read more about UKG Pro
7 Days
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United States
Paychex Flex
A Simple Approach to Payroll, HR, and Benefits
Paychex Flex is a comprehensive HR and payroll solution that empowers businesses with its versatile features. The platform allows employers to easily manage payroll, track employee hours, and streamline HR tasks with its user-friendly interface. The tool’s ability to simplify benefits administration makes it suitable for businesses needing employee benefits. Paychex Flex offers insightful ... read more about Paychex Flex
7 Days
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United States
Paycom
The future of HR tech is employee–driven
Paycom stands out as a comprehensive human capital management (HCM) solution, simplifying HR processes for businesses. With a user-friendly interface, Paycom enables easy management of payroll, benefits, and talent acquisition. The platform's single-database architecture ensures seamless integration of all HR functions, reducing data discrepancies. Paycom's self-service features empower employees ... read more about Paycom
7 Days
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United States
Ceridian Dayforce
Your all-in-one HCM software solution
Dayforce HCM is a comprehensive Human Capital Management solution designed to simplify HR, payroll, and workforce management for businesses. The tool allows employers to effortlessly manage employee data, streamline payroll processes, and facilitate benefits administration using its intuitive UI. The platform delivers a unified system to ensure real-time data synchronization across various HR ... read more about Ceridian Dayforce
7 Days
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United States
PeopleFluent Compensation Planning
Compensation planning software to design, model, and manage pay and reward programs.
PeopleFluent Compensation Planning is a specialized software designed to streamline and enhance the compensation management process in organizations. It offers a comprehensive solution for handling various aspects of employee compensation, including salaries, bonuses, and incentives. The software's key features include robust tools for budgeting and allocation, which allow managers to distribute ... read more about PeopleFluent Compensation Planning
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United States
Paylocity
Online HR & Payroll Built for Employees
Paylocity is a versatile and user-friendly software solution designed to streamline human resources and payroll processes for businesses. Tailored for diverse organizational needs, Paylocity offers comprehensive features such as payroll processing, time and attendance tracking, and benefits administration. The platform's self-service portals empower employees to access their pay information, ... read more about Paylocity
7 Days
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United States
Paycor
HCM Solutions for Leaders and HR Teams
Paycor is a comprehensive human capital management (HCM) solution designed for small and medium-sized businesses. Simplifying HR tasks, Paycor offers features like payroll processing, time and attendance tracking, and benefits administration. The platform ensures compliance with tax regulations and provides accurate payroll calculations. Its user-friendly interface allows employees to access and ... read more about Paycor
NA
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United States
Lattice
Manage people and their performance
Lattice is a comprehensive performance management software, designed to foster employee growth and organizational development. It's particularly suited for companies looking to enhance employee engagement and productivity through streamlined goal-setting, feedback, and performance reviews. Lattice stands out with its integrated approach, combining performance management with continuous feedback ... read more about Lattice
7 Days
$$4 Per month
United States
Anaplan
Drive Business Performance With Planning Software
Anaplan is a dynamic business planning and performance management platform designed to empower organizations with versatile planning capabilities. It serves as a centralized hub for collaborative planning, allowing teams to create, analyze, and adjust business models in real-time. Anaplan's user-friendly interface facilitates scenario modeling, helping businesses navigate through different ... read more about Anaplan
7 Days
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United States
Deel
The Future of Global HR
Deel is a future-ready platform that simplifies global hiring and payroll processes. With a user-friendly interface, it enables businesses to effortlessly onboard and pay remote international talent. Deel can handle compliance and legal intricacies to ensure seamless operations across borders. The platform offers customizable contracts and automates payments in multiple currencies to eliminate ... read more about Deel
7 Days
$$49 Per month
United States
Xactly Incent
Incentive Compensation Management Software
Xactly Incent is a cloud-based incentive compensation management software designed to streamline and optimize sales commission processes. It's particularly beneficial for businesses looking to motivate their sales teams and align sales strategies with business goals. Xactly Incent automates the calculation of sales commissions, reducing errors and administrative workload. Its key features include ... read more about Xactly Incent
NA
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United States
Pave
Make better compensation decisions.
Pave is a forward-thinking compensation management software designed to help businesses streamline their pay and equity planning processes. It's particularly suited for organizations keen on maintaining transparent and equitable compensation practices. Pave distinguishes itself with real-time market data and analytics, enabling companies to benchmark compensation against industry standards. The ... read more about Pave
NA
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United States
isolved
HR + Payroll Software
iSolved is a versatile human capital management platform designed for seamless HR solutions. It simplifies payroll processing, ensuring accurate and timely payments. The user-friendly interface aids in employee onboarding, creating a smooth entry into the workforce. With integrated time and attendance tracking, iSolved helps manage work hours efficiently. This cloud-based solution ensures ... read more about isolved
7 Days
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United States
Vena
Accurate budgets, plans & forecasts you can trust.
Vena is one of the leading budgeting and forecasting software, dedicated to simplifying and improving financial planning processes for businesses. This intuitive solution combines robust features to streamline budget creation, collaborative planning, and insightful forecasting. Vena's user-friendly interface facilitates seamless team collaboration, allowing for efficient data input and analysis. ... read more about Vena
7 Days
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Canada
Keka HR
Smart HR to outsmart the changing world
Keka HR is a dynamic human resources management platform offering a range of tools to streamline HR processes. Designed with user simplicity in mind, Keka HR helps businesses manage attendance, payroll, and employee performance seamlessly. Its intuitive interface allows easy navigation, making it accessible for users with varying levels of technical expertise. Keka HR's automation features save ... read more about Keka HR
7 Days
$60 Per month
India
ChartHop
Connect & Visualize Your HR Data in One Place
ChartHop is an innovative software designed to enhance organizational management and planning. Its primary feature is the creation of dynamic organizational charts, which visually represent the structure and personnel of a company. These charts are not just static images; they are interactive, allowing users to delve into details about each employee, such as their role, team, and reporting lines. ... read more about ChartHop
14 Days
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United States
Leapsome
The #1 rated HR platform for people & manager enablement
Leapsome is a user-friendly platform offering a range of tools for companies to manage various aspects of their employee performance and engagement. It simplifies tasks like performance reviews, feedback collection, and goal setting. With a straightforward interface, Leapsome enables easy communication and collaboration within teams. It facilitates ongoing employee development through features ... read more about Leapsome
Available
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United States
beqom
Total Compensation Management Software Solution
beqom is a versatile software platform tailored for managing employee compensation and performance. It stands out for its comprehensive approach to handling all aspects of employee pay, including salaries, bonuses, and long-term incentives. The software is highly adaptable, able to support diverse industry needs and complex compensation structures. beqom's intuitive design facilitates streamlined ... read more about beqom
NA
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Switzerland
COMPview
Gain A 360° View Of The Compensation Lifecycle
COMPview is a specialized software tool designed for effective compensation management in organizations. It simplifies the complex process of planning and administering employee compensation, making it easy for HR professionals to manage salaries, bonuses, and other forms of pay. Key features include automated workflows, which reduce manual errors and save time, and real-time budget tracking, ... read more about COMPview
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United States