6 Best Compensation Management Software in 2021

Compensation Management Software allow organizations to plan and administer employee compensation packages easily and efficiently. Organizations use Compensation Managment Software to manage salaries, develop merit metrics, and report on company compensation data. Compensation Management Systems allow organizations to view and adjust compensation policies, plan employee bonuses, and recommend pay adjustments. These systems are most commonly implemented by HR teams and enable managers to develop streamlined compensation strategies for their teams. Analyzo has listed the best Compensation Management Software that you can choose from based on your requirements.

Best Compensation Management Software

UltiPro HCM
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Having the right information and tools readily available is key to making informed compensation decisions for your employees. UltiPro Compensation Management helps you make effective decisions regarding future compensation for individuals, or entire teams. With UltiPro Compensation Management

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With Paycom’s all-in-one software, you can boost employee satisfaction – and control salary budgets – by linking performance with compensation. Cloud-based convenience streamlines the review process among employees, managers and HR. Pay increases automatically update to payroll.

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Payfactors gives you the compensation data that matters most to you. Payfactors' collaborative solution puts you and your team at the center of it all, thanks to our easy-to-access, revolutionary technology. With Payfactors, you’ll spend more time on what really matters: Attracting and

Workday HCM
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Define compensation packages across all areas of your organization and around the globe using just one system. With compensation management software from Workday, you gain the insight needed to create compensation plans that attract and retain top talent. No two organizations handle employee pay

Oracle PeopleSoft
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PeopleSoft Compensation is a Global solution for administering competitive compensation programs around the world. Delivered integration with Human Resources, Variable Compensation and ePerformance means you are guaranteed up-to-date information when you need it. PeopleSoft Compensation gives

PayScale HR
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Gain access to the freshest, largest, most detailed salary dataset in the world with cloud compensation software by PayScale. Stay current on best practices and how to relate them to your business with free compensation whitepapers from PayScale. PayScale Insight offers a modern compensation

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