20 Best Compensation Management Software Reviewed For 2024

Deel is a comprehensive payroll service with a robust self-service function for HR professionals. It’s designed for global teams, letting you manage and keep track of employees and contractors around the world.

Why I picked Deel: Their service is easy to use and offers a wide range of features. The platform gives you a comprehensive overview of benefits, perks, and salary expenses. You can make use of their internal research tools to benchmark salary ranges in various countries, taking into account mandatory contributions like pension and healthcare.

Deel Standout Features & Integrations:

Features include international market salary insights, employer of record (EOR) or global payroll services, payroll & tax management, a dedicated customer service manager, access to international legal and tax experts, compliant employee contract templates, compliance monitoring tools, expense management, time tracking, analytics & reporting, and 24/7 in-app support. Deel is also SOC2-compliant and ISO 27001-certified, which means it meets international standards for data security.

Integrations are available with a handful of popular accounting and HR management systems that allow you to import and export HR data easily. Key integrations include Ashby, BambooHR, Bob, Greenhouse, NetSuite, QuickBooks, and Xero. They also have an Open API solution that allows developers to build their own interfaces on top of the Deel platform too.

Deel offers flat rate pricing per worker, as well as a free demo.

Pave is a comprehensive platform designed to revolutionize the way companies manage employee compensation. It offers workflows for salary and equity benchmarking, compensation planning, and total rewards to ensure fair and competitive compensation packages. By integrating seamlessly with various HR and payroll systems, Pave simplifies the complex process of compensation management, making it accessible and actionable for businesses of all sizes.

Why I Picked Pave: As an employee compensation management tool, Pave excels in providing transparent, data-driven insights that help companies make informed compensation decisions. It enables organizations to align their compensation strategies with market standards while promoting internal equity and employee satisfaction.

Pave Standout Features and Integrations

Features include real-time market data to ensure competitive compensation through up-to-date market insights, total rewards portals and visual offer letters for existing and future talent, offering customizable compensation models that allow companies to tailor their compensation strategies to fit their goals and meet employee expectations. This comprehensive approach provides businesses with the tools needed to manage compensation effectively, promoting fairness and transparency in the workplace.

Integrations include HRIS platforms like Workday, BambooHR, and Gusto; payroll systems such as ADP and Paychex; performance management tools like Lattice and 15Five; financial planning software; equity management platforms; compliance and tax software; and analytics and reporting tools.

Aeqium is a cloud-based employee compensation management software that gives people teams the flexibility to collaborate on their compensation planning process, including planning compensation across multiple geographies, currencies, pay bands, and job types. It's suitable for organizations of all sizes and is a comprehensive solution for managing employee salaries, variable pay, equity grants, and compliance reporting.

Why I picked Aeqium: Aeqium uses advanced integrations to help HR teams configure and prepare their compensation cycles by automating the gathering and validation of compensation-related data. This data, combined with their guided workflows for managers, helps organizations make more data-driven decisions. You can also use Aeqium to create customized plans for employees, determine pay equity, and simulate different compensation scenarios to assess their impact on the bottom line.

Aeqium offers agile, self-service functionality so HR teams can make changes to their compensation program themselves at any time rather than relying on tech support for changes. In addition, HR teams have complete control over how much or little compensation details are shown to managers, including data on salary, equity, and others. The platform even offers compensation analysis tools to help teams understand when employees are approaching events like a drop in equity vesting.

Aeqium Standout Features & Integrations

Features include collaboration tools, custom logic and permissions, multi-currencies, proofing & approvals, user-based access, budgeting, interactive offer letters, market data integration, and a total rewards portal for pay transparency.

Integrations include other HRIS, applicant tracking systems, payroll systems, and cap tables and stock systems like Carta.

Aeqium offers customized pricing upon request. They also have a freemium plan available.

Barley is a compensation management platform designed to assist companies in managing and planning multiple aspects of their compensation strategy. It stands out for its ability to facilitate proactive pay decisions by providing tools for visualizing pay bands, analyzing pay equity, communicating total rewards, and accessing global benchmarking data, which supports informed and equitable compensation planning.

Why I picked Barley: The software combines real-time data and analytics capabilities that enable people leaders and managers to make informed pay decisions. What makes Barley different is its user-friendly interface and features that support data-informed compensation management across planning, analysis, and communication.

Barley Standout Features & Integrations

Standout features include Global Benchmarking Data (powered by Mercer). This allows people teams to use clear visualizations to compare their team’s salary data against industry standards or their own data source, which can also be uploaded into Barley. The Compensation Planning tool aids in budgeting and forecasting, helping to align employee compensation with company financial goals. There’s also the ability to set up robust guidelines for managers based on position in the pay band or the market, as well as performance ratings. Reporting and Analytics deliver reports for in-depth compensation strategy analysis. Additionally, Barley integrates with HRIS and ATS platforms to centralize data management and supports features like pay band visualization, compensation review processes, pay equity analysis, total rewards, and global benchmarking data.

Integrations include ADP Workforce Now, BambooHR, Ceridian Dayforce, HiBob, UKG Pro, BambooHR, Greenhouse, Lever, and Workable.

TriNet's HR software system is designed to help small to medium-sized organizations manage their core HR needs, including onboarding, payroll, benefits enrollment, applicant tracking, document management, and workforce analytics.

Why I picked TriNet: Their Compensation Benchmark feature, part of its workforce analytics module, automatically pulls industry salary benchmarking data directly from Salary.com. This is helpful as you can run custom analytics using this data to ensure your salary ranges stay competitive against changing market rates.

TriNet Standout Features & Integrations:

Trinet also excels in their workforce analytics capabilities. You can use their software to track all the key metrics that matter, including your headcount, turnover rates, employee tenure, new hires, and terminations. You can also customize their dashboard to track other analytics and key performance indicators that are unique to your business too.

Integrations are available with Assembly, Bob, ChartHop, Compt, Greenhouse, Hyperproof, Lattice, Sage Intacct, QuickBooks, and many others.

Pricing details are available upon request.

Decusoft Compose is a comprehensive compensation, incentive, and total rewards management software. Their cloud-based software is easy-to-use and purposefully designed to mimic a spreadsheet-based experience many users are familiar with, yet with more advanced functionality.

Why I picked Decusoft Compose: Their solution not only simplifies the management of complex variable pay programs including merit-based bonuses, equity, long/short term incentives, carried interest, and deferrals but also provides enhanced analytics of your data. Diversity, equity & inclusion (DEI), pay equity, and people analytics are all simple to measure, report, compare, and visualize. Compose is easy to use, tailored to your unique needs, and SOC-2 compliant.

Decusoft Compose Standout Features & Integrations:

Features include compensation planning, budgeting & forecasting tools, a wealth of compensation planning models (bonus + equity, bonus only, bonus with deferral, equity award, exceptional impact, financial demo incentive, sales bonus, merit + bonus + equity, merit only, etc.), data dashboards, salary benchmarks, DEI & pay equity analysis tools, and employee performance & merit calibration tools.

Integrations are available with a handful of human resource information systems (HRIS) or other HR management systems including ADP, Oracle HCM, SAP, UKG, and Workday.

Decusoft Compose offers customized pricing upon request and a free demo.

Lattice provides a comprehensive product suite to help you manage employee compensation, performance, and engagement. It combines various HR tools into one easy-to-use interface, helping you streamline your HR processes.

Why I picked Lattice: Because it's an add-on to the performance, OKR, and goals platform, this compensation management software helps ensure that pay is directly connected to employee performance. Users can create and manage workflows for how pay is determined and adjusted, keeping processes consistent and clear for managers and employees alike. Benchmarking data is included to help you make informed decisions about pay.

Record keeping is simplified, as the platform stores employee compensation history and allows you to set salary bands. You can see how your compensation strategy lines up with business goals and budgets. The software also helps you craft employee-centric communications to help people understand how their pay is determined.

Lattice Standout Features and Integrations

Features include benchmarking data, bonus and equity management, raise guidance, multi-level approval flows, customizable performance review templates, OKR and goal tracking, and 360-degree feedback.

Integrations include ADP, BambooHR, Google Workspace, Humaans, Jira, Microsoft Suite, Okta, Rippling, Salesforce, Slack, UKG, Workday, and Zenefits, among others.

Xoxoday Compass is an automatic sales incentive compensation platform that accelerates sales through competition-based challenges and performance-based bonuses. Their software automates the entire incentive process using pre-set key performance indicators (KPIs) combined with engaging game templates, rules, and conditional logic.

Why I picked Xoxoday Compass: You can design and launch gamified sales incentive programs that will help your sales teams stay engaged and productive, including target-based challenges, milestone achievements, or through an internal team race competition. Xoxoday Compass also offers real-time visibility into performance, tracks commission information and incentive plan details, and processes incentive payments.

Xoxoday Compass Standout Features & Integrations:

Features include a library of gamified sales incentive program templates (target-based, competition-based, cascading, or special structures), live scorecards, a public score leaderboard & achievement feed, an earning tracker, one-click payments, automation, action triggers, nudges, business simulations, predictive analytics, and data insights.

Integrations are available with popular CRM systems, including Freshdesk, Freshsales, Google Sheets, HubSpot, Leadsquared, Pipedrive, Salesforce, and Zoho CRM.

Xoxoday Compass has a progressive pricing structure that decreases your average price per user as you add more users to your account. They also offer a free demo.

Sales teams come in different forms and sizes, and so do their compensation plans and benefits. Xactly Incent is an incentive compensation management software designed to continuously monitor sales teams so that HR professionals can develop compensation strategies that motivate them to achieve top performance.

Why I picked Xactly Incent: Their compensation planning platform comes with 17 years of proprietary data that links pay with sales performance. This data, which was collected across many different industries, has been aggregated and anonymized. I included Xactly Incent in this list because you can leverage this data to help you build competitive incentive-focused compensation plans to boost your sales quotas and retain your top sellers.

Xactly Incent Standout Features & Integrations:

Features include compensation data, compensation & payout planning tools, commission tracking, sales forecasting tools, advanced benchmarking data, reusable plan components, pay curves, visualizations, workflow automations, analytics, real-time reporting, and a mobile app.

Integrations are available with Salesforce, Microsoft Dynamics, and NetSuite, and other CRM, ERP, and HCM software solutions.

Xactly offers customized pricing upon request along with a free demo.

Assemble is a compensation planning platform with a focus on transparency and equality. Their software can help you prepare compensate packages for your employees in a way that drives performance and builds trust within your organization. 

Why I picked Assemble: Their compensation planning software is focused on helping organizations develop transparent compensation plans that are fair, equitable, competitive, consistent, and explainable.

This modern, proactive approach to developing a compensation plan within these parameters helps to ensure that traditionally underrepresented and underpaid demographics are paid equally when compared to their peers. To simplify this process, Assemble also automatically analyzes pay equity across your workforce data for you, and includes a special module focused on DEI (diversity, equity and inclusion). 

Assemble also includes a unique illustrative offers feature that helps organizations communicate the full value of an employee offer, which may include additional forms of compensation above their base salary, such as merit-based bonuses, equity plans, or tenure-based increases.

To ensure a positive user experience, their illustrative offers are sent directly from Assemble, drawing candidates into a digital portal that’s been customized with your own company branding. This positive portrayal of their total compensation package can make a big impact on candidates’ employee experience, before they even accept their offer.

Assemble Standout Features & Integrations

Features include salary benchmark data, salary ladders and compensation bands, easy-to-digest visualizations, illustrative employee offers, pay transparency and compliance tools, historical record keeping & audit logs, workflow automation, tools to manage job architecture and job descriptions, multiple currencies, DEI tracking, and a white-labeled employee portal. 

Integrations are available with 60+ HR software solutions, including Alexis HR, Applicant Stack, Ashby, Breathe, Breezy, CATS, Cornerstone, Factorial, HR Cloud, JazzHR, Jobvite, Lano, Lever, Recruitee, Teamtailor, UKG Pro, Workable and others. 

Assemble offers customized pricing upon request, as well as a free demo.