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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List of Best Compensation Management Software

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 platf... Read more about Oracle Fusion Cloud Human Capital Management (HCM)

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United States

Oracle Fusion Cloud HCM is a comprehensive human resource management software designed to streamline HR processes and enhance employee engagement. This cloud-based platform offers a wide range of features, including talent acquisition, performance management, and workforce planning, enabling organizations to manage their human capital effectively. With its user-friendly interface, HR professionals... Read more about Oracle Fusion Cloud HCM

Free Trial

Available

Pricing Type

$0.01 Per user

Location

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, allowi... Read more about SAP SuccessFactors

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Location

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

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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 mar... Read more about MarketPay

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United States

PayScale Suite is an advanced compensation management software designed to help organizations optimize their pay structures and ensure equitable compensation practices across the workforce. This innovative platform provides comprehensive tools for benchmarking salaries, developing pay policies, and conducting detailed compensation analyses. With its intuitive user interface, HR professionals can e... Read more about PayScale Suite

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Location

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

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Location

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 f... Read more about Sage People

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Location

United Kingdom

Ascentis is a powerful time clock software designed to help businesses track employee time and attendance accurately. The platform offers features such as automated time tracking, employee scheduling, and real-time reporting, allowing businesses to manage their workforce more efficiently. Ascentis integrates with payroll systems, ensuring that employee hours are accurately recorded and paid. The s... Read more about Ascentis

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United States

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 reque... Read more about UKG Pro

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NA

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Location

United States

Cornerstone HR is a comprehensive human resource software solution designed to streamline HR processes and enhance workforce management. This platform offers a suite of tools for recruitment, onboarding, performance management, and employee engagement. With features like applicant tracking, goal setting, and feedback mechanisms, Cornerstone HR helps organizations attract and retain top talent. The... Read more about Cornerstone HR

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Location

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 report... Read more about Paychex Flex

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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

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United States

CompAnalyst is a sophisticated compensation management software that empowers organizations to optimize their salary structures and benefits offerings. This tool provides comprehensive analytics and benchmarking capabilities, enabling HR teams to make informed compensation decisions based on market data. Users can easily create, analyze, and manage salary ranges, ensuring alignment with industry s... Read more about CompAnalyst

Free Trial

NA

Pricing Type

$0.01 Per feautre

Location

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 func... Read more about Ceridian Dayforce

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United States

Compensation Strategy and Design is a specialized human resource software focused on helping organizations develop and manage effective compensation plans. The platform offers a comprehensive suite of tools for designing salary structures, bonus schemes, and incentive programs that align with business objectives and market standards. Compensation Strategy and Design enables HR professionals to ana... Read more about Compensation Strategy and Design

Free Trial

NA

Pricing Type

$1 Per feautre

Location

United Kingdom

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 f... Read more about PeopleFluent Compensation Planning

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United States

Deltek Talent Management is a comprehensive human resource software designed to streamline the recruitment and talent management processes for organizations. This platform offers a suite of tools for applicant tracking, employee onboarding, performance evaluation, and training management. With its intuitive interface, HR professionals can easily manage the entire employee lifecycle, from recruitme... Read more about Deltek Talent Management

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Location

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, benef... Read more about Paylocity

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United States

Workhuman is a leading employee recognition software that fosters a culture of appreciation within organizations. By providing a platform for employees to recognize and celebrate each other’s contributions, Workhuman enhances employee engagement and morale. The software enables organizations to implement recognition programs that align with their core values and business objectives. With feature... Read more about Workhuman

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Location

United States

Equilar Insight is a powerful compensation management software designed to help organizations navigate the complexities of executive compensation and benchmarking. The platform provides tools for analyzing compensation data, tracking trends, and ensuring compliance with regulatory requirements. With Equilar Insight, HR professionals and compensation committees can access comprehensive databases of... Read more about Equilar Insight

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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 m... Read more about Paycor

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United States

Dayforce HCM is an all-in-one human capital management (HCM) software solution designed to streamline and automate HR processes for businesses of all sizes. It integrates essential HR functions, including payroll, talent management, recruitment, benefits administration, time tracking, and employee performance management, into one platform. Dayforce HCM leverages real-time data to provide actionabl... Read more about Dayforce HCM

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United States

ADAM HCM is an advanced human resource management software designed to help organizations manage their HR processes efficiently. The platform provides tools for recruitment, onboarding, performance management, and employee engagement, ensuring that HR teams can operate seamlessly. ADAM HCM allows users to automate routine HR tasks, such as applicant tracking, payroll processing, and compliance man... Read more about ADAM HCM

Free Trial

NA

Pricing Type

$5 Per month

Location

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 an... Read more about Lattice

Free Trial

Available

Pricing Type

$4 Per month

Location

United States

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