10 Best Employee Compensation Management Software In 2022

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.

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 has several integrations that allow you to import and export HR data between popular accounting and reporting software solutions such as NetSuite 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 is SOC2-compliant and ISO 27001-certified, which means it meets international standards for data security.

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

Managing sales incentive programs can be difficult and create a lot of manual work for an organization. Even worse, some companies fail to pay commissions on time, as they should. This leads to frustration, complaints, and lost opportunities. Xoxoday Compass is a sales incentive compensation management software solution that helps businesses manage and reward their sales efforts. With Compass, you can design and launch gamified sales incentive programs for your sales force, offer real-time visibility into performance, track commission information and incentive plan details, and process incentive payments.

Xoxoday Compass is designed to complement any enterprise resource planning (ERP) system or accounting platform, while providing your business with flexibility and accuracy in managing its sales incentive programs. It also integrates easily with many CRM systems and Google Sheets.

Xoxoday Compass costs from $29.99/user/month and offers a free demo. They also have a progressive pricing structure that decreases your average price per user as you add more users to your account.

Xoxoday Plum is a flexible rewards & incentives and payout platform that allows you to offer unique additional compensation opportunities to your workforce. Their scalable platform simplifies payments for any sort of occasion, such as merit-based bonuses or incentives, staff appreciation gifts, milestone rewards, or annual bonus payments.

You can use Xoxoday Plum to make payments globally with ease, sending direct deposits straight into beneficiaries’ local bank accounts in any international currency. They’re also capable of handling high-volume transactions, including up to 10,000 bulk payouts within minutes.

Beyond just sending payments, you can also surprise and delight your employees with customized digital, including prepaid credit cards, gift cards,, or other special experiences. In total, their global rewards catalog includes 21,000+ gift options from 3,500+ brands, spread across 20+ categories.

Pricing for Xoxoday Plum starts at $299 per month. They also offer a freemium account with limited features, as well as a free trial or a free demo.

Decusoft Compose is a comprehensive compensation, incentive, and total rewards management software. The solution not only simplifies the management of complex variable pay programs including merit, equity, long/short term incentives, carried interest, and deferrals but also provides enhanced analytics of your data. 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 offers customized pricing upon request.

Sales teams come in different forms and sizes, and so do their compensation plans and benefits. Xactly is a compensation management software designed to continuously monitor sales teams so that HR professionals can run compensation strategies that motivate them. The software also comes with all the key features you would expect: seamless integration with existing applications, collaboration between teams, and the collection of compensation data, which will help companies allocate resources.

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

Balanced Comp delivers compensation management software that provides best-in-industry consulting, web-based salary administration, and performance management software specialized for the financial industry. The tool is designed to assist companies in structuring compensation to encourage pay equity, inclusion, and workforce diversity.

Balanced Comp provides customized pricing upon request. You can connect with their team via the chatbot on the company’s website.

Some of the main advantages of using Payfactors include job description customization, total rewards statements, and more than 25,000 compensation and HR professionals to share knowledge within the user community. This tool is primarily useful for organizations that want to benchmark their salaries with the market average. It also provides a company with survey tools that collect and organize the data required to get an idea of how employees feel regarding their company’s compensation strategy.

Payfactors offers customized pricing upon request and comes with a free demo.

Some of the main advantages of using Payfactors include job description customization, total rewards statements, and more than 25,000 compensation and HR professionals to share knowledge within the user community. This tool is primarily useful for organizations that want to benchmark their salaries with the market average. It also provides a company with survey tools that collect and organize the data required to get an idea of how employees feel regarding their company’s compensation strategy.

Payfactors offers customized pricing upon request and comes with a free demo.

To ensure that each sales representative is paid fairly and on time, Spiff has created a system that provides a personalized dashboard that updates as soon as a 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 in sales, Spiff software is designed to be flexible.

Spiff offers customized pricing upon request.

Even though organizations are progressively moving away from legacy systems, the transition is not always easy because people tend to revert to familiar ways. An analysis of CompTrak shows that the designers of this program understand that the transition from legacy systems is not always easy. With that in mind, they have created an easy-to-use cloud-based system that makes accessing compensation data smooth and simple and provides valuable reports for decision making.

CompTrak offers customized pricing upon request and offers a free demo.