10 Best Compensation Management Software in 2023

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.

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.

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.

ChartHop is a people analytics platform for managing all your employee data, including compensation, headcount planning & demographics, DEI (diversity, equity & inclusion), performance, and employee engagement data.

Why I picked ChartHop: Their compensation review process ensures all compensation decisions are standardized and linked to performance reviews. This process can be customized for any type of workforce and includes clear guidance for managers, as well as salary benchmarks, and an intelligent eligibility rules engine that ensures no employees are missed.

By connecting ChartHop to your HRIS, performance management, and equity management systems, you can use centralized data to formulate and define eligibility rules that are fair to all employees. For example, you can use criteria such as employee start date, latest pay raise date, or performance review scores to determine if an employee is eligible for a pay increase.

In addition, the software automatically flags compensation or promotion recommendations that don’t meet standards so you can request additional clarification to prevent fraud or eliminate manager bias. ChartHop also helps you plan, define, and recalibrate the compensation budget as needed, ensuring that you have the funds to support your company’s compensation scheme.

ChartHop Standout Features & Integrations:

Features include automated compensation review cycles, benchmarked salary data, customizable workflows, a flexible eligibility rules engine, visualization tools that demonstrate the impact of compensation changes on budget pools, performance management data, collaboration tools, and advanced workforce analysis tools (e.g., by job type, department, location, tenure, performance, DEI, etc.).

Integrations are available with BambooHR, Gusto, Humaans, Jobvite, Justworks, Kallidus, Lever, Greenhouse, Namely, Paylocity, SAP SuccessFactors, Sequoia, Workday, Zenefits, and others.

ChartHop's Compensation Reviews module is available as an add-on (add $4/employee/month) to their Standard service package. They also offer a free demo upon request.

CaptivateIQ is a compensation management software to manage and track sales commissions. You can use it to customize multiple agreements simultaneously, making it ideal for devising compensation plans for newly hired employees.

Why I picked CaptivateIQ: Customer-facing teams are critical to any company because they represent the entire organization, and customers often base their assessment of a company on their experience with customer-facing teams. This makes it critical to ensure that customer-facing teams receive compensation packages proportionate to their role, and CaptivateIQ can help you in this regard.

You can use CaptivateIQ to set up plans and quotas visible to everyone, ensuring they know how the company measures their performance to motivate them. The software gives you real-time visibility into your sales team's earnings or commissions, ensuring that they stay on track toward achieving goals. It has built-in formulas and tips to help you design attractive and accurate commission plans to help motivate your employees.

CaptivateIQ Standout Features & Integrations:

Features include numerous pre-defined templates for compensation plans and programs, automatic calculations, compensation plan logic settings, team hierarchies & reporting structures, transparent team-wide targets & quotas, accelerator & clawback tools, plan cloning to save time, digital documents with electronic signature tracking, and a familiar Excel-like user interface.

Integrations are available with ADP Workforce Now, Amazon Redshift, BigQuery, Hubspot, Microsoft Dynamics CRM, MySQL, NetSuite, Oracle, PostgreSQL, Sage Intacct, Salesforce, Snowflake, Stripe, Xero and others.

CaptivateIQ offers customized pricing and a free demo upon request.

Pave is an end-to-end compensation management platform with individual modules for benchmarking, compensation bands, compensation planning, total rewards, and visual offer letters. 

Why I picked Pave: Their comprehensive platform addresses all aspects of the compensation process, helping organizations attract talent, make competitive offers, leverage best practices, and stay proactive by ensuring pay-related decisions are fair, equitable and unbiased. Their salary benchmark database updates in real-time, ensuring you are always viewing up-to-date information so you can compete effectively for top talent. 

Large workforces will also get a lot of value from their compensation bands feature, which ensures every employee is accounted for within a role-specific band. By making an edit to a compensation band, you can streamline your salary adjustment process since one edit carries over to every other record that uses the same band, saving a lot of time normally spent manually adjusting rates. 

You can also configure access to specific bands at a granular level, ensuring that leaders and managers can only access the bands that are relevant to their department, instead of accessing salary information for the company as a whole. 

Pave Standout Features & Integrations

Features include compensation bands and benchmarks, compensation cycles, merit-based management tools, guidelines for salary and equity increases, cashflow and equity budgeting tools, approval workflows & auditable change logs, visual offer letters, and unlimited user seats. 

Integrations are available with 25+ popular HR management systems, including ADP, Carta, Gusto, Hibob, Humaans, Humi, Justworks, Namely, Paylocity, Personio, Rippling, Sapling, Sequoia, TriNet, Workday, Zenefits, and others. 

Pave offers pricing details upon request, as well as a free demo.

Spiff is a commission management platform with a focus on designing compensation management programs that motivate and scale. It can be used by businesses of any size, from small teams all the way up to enterprise organizations.

Why I picked Spiff: To ensure that each sales representative is paid fairly and on time, Spiff's system includes a personalized dashboard that updates as soon as a sales rep closes a deal or attains a milestone. This provides members of the sales team with a visualization of their compensation and the way it was calculated. In addition, because commissions and bonuses change often in sales, Spiff's software is designed to be flexible.

Spiff Standout Features & Integrations:

Features include configurable workflows, real-time data updates, visual data dashboards, an easy-to-access version history for previous compensation and commission plans, employee retention tools, compliance monitoring, and tools to simplify complex pay scale structures.

Integrations are available with many CRM, ERP, HCM and payroll platforms, including Amazon Redshift, Domo, Enerflo, Google BigQuery, Oracle, Pipedrive, Sage, Salesforce, Slack, Stripe, Snowflake, Tableau, Tripleseat, and others.

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

Varicent is an incentive compensation management (ICM) software solution purpose-built for mid-sized to enterprise-level organizations. Their software facilitates friction-free incentive compensation workflows that are transparent, adaptable, and actionable.

Why I picked Varicent: Designed specifically for enterprise organizations, Varicent's incentive compensation technology can process large volumes of data quickly, at scale, with built-in tools to audit and verify the data. Their automated workflows take the guesswork out of which employees are due to receive an incentive or bonus, with full transparency to motivate your sales-focused employees to achieve all their goals.

Varicent helps companies ensure employees are awarded for exceeding performance and productivity expectations, while eliminating the potential for mistakes related to underpaying or overpaying employees.

Varicent Standout Features & Integrations:

Features include compensation workflows & automations, real-time performance and goal tracking, data-based insights, gap analysis tools, data management & verification tools, automatic calculations, and reporting & analytics.

Integrations are available with 20+ software solutions, including AgentSync, Amazon Aurora, Amazon S3, Google Ads, Google Analytics, Microsoft Dynamics, Microsoft Power BI, MySQL, Salesforce, Shopify, Snowflake, Symon, Tableau, and others.

Varicent ICM offers customized pricing upon request and offers a free demo.

Payscale’s MarketPay is an advanced compensation management module within Payscale’s suite of products that offers global organizations a competitive advantage when it comes to managing salary volatility. 

Why I picked MarketPay: You can use their software to access decentralized global compensation data to help you make smarter pay decisions and ensure your job offers for global talent remain competitive in the marketplace. You can also use their software to track changes in compensation volatility — both globally and within specific geographic markets — due to inflation, mass resignations, and other factors. This ensures your existing employees are receiving compensation at fair market rates too, to improve your employee retention.

Their system aggregates pay-related data through partnerships with 12+ leading survey publishers covering over 1,100 employers and 4,000 jobs to keep their finger on the pulse of compensation changes at the global level. MarketPay also easily links up to other services Payscale offers that cover pay equity, job descriptions, and advanced compensation planning.  

MarketPay Standout Features & Integrations

Features include compensation modeling (for pay structures, merit bonuses and regressions), an interactive data dashboard, automated salary surveys, a survey library, data benchmarking, employee-reported data. Add-on features are also available for job description management, pay equity, and additional global insights. 

Integrations are available with a handful of software solutions, including ADP Workforce Now, BambooHR, Desktop.com, Greenhouse, Shift, Tableau, and UKG Pro. 

MarketPay offers pricing details upon request, as well as a free demo.