Best Compensation Management Software for Small Businesses (Free & Paid)
Compensation management software helps businesses plan, manage, and administer employee pay in a streamlined manner. It simplifies the process of setting salaries, bonuses, and other rewards by automating complex calculations and workflows. Features often include budgeting tools, salary planning, performance tracking, compliance management, and reporting capabilities. For small businesses, this software saves time and reduces errors in payroll processing, ensuring that employees are paid accurately and on time. It helps maintain fairness and transparency in compensation, which can boost employee morale and retention. By automating compensation processes, small businesses can focus more on growth and less on administrative tasks. The software aids in attracting and retaining top talent by enabling competitive compensation packages based on market data and performance metrics. It also helps in maintaining compliance with labor laws and regulations, reducing the risk of legal issues and penalties. Compensation management software provides insights into compensation trends and supports better financial planning for your business. Here are some compensation management software options for you to consider to streamline your payroll and reward systems:
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Software
List of Top Compensation Management Software for Small Businesses
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
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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Germany
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 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
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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United States
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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United States
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 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
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
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
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
Anaplan is a dynamic business planning and performance management platform designed to empower organizations with versatile planning capabilities. It serves as a centralized hub for collaborative planning, allowing teams to create, analyze, and adjust business models in real-time. Anaplan's user-friendly interface facilitates scenario modeling, helping businesses navigate through different plannin... Read more about Anaplan
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United States
Deel is a future-ready platform that simplifies global hiring and payroll processes. With a user-friendly interface, it enables businesses to effortlessly onboard and pay remote international talent. Deel can handle compliance and legal intricacies to ensure seamless operations across borders. The platform offers customizable contracts and automates payments in multiple currencies to eliminate com... Read more about Deel
Available
$49 Per month
United States
Xactly Incent is a cloud-based incentive compensation management software designed to streamline and optimize sales commission processes. It's particularly beneficial for businesses looking to motivate their sales teams and align sales strategies with business goals. Xactly Incent automates the calculation of sales commissions, reducing errors and administrative workload. Its key features include ... Read more about Xactly Incent
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United States
Pave is a forward-thinking compensation management software designed to help businesses streamline their pay and equity planning processes. It's particularly suited for organizations keen on maintaining transparent and equitable compensation practices. Pave distinguishes itself with real-time market data and analytics, enabling companies to benchmark compensation against industry standards. The so... Read more about Pave
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United States
iSolved is a versatile human capital management platform designed for seamless HR solutions. It simplifies payroll processing, ensuring accurate and timely payments. The user-friendly interface aids in employee onboarding, creating a smooth entry into the workforce. With integrated time and attendance tracking, iSolved helps manage work hours efficiently. This cloud-based solution ensures accessib... Read more about isolved
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United States
Vena is one of the leading budgeting and forecasting software, dedicated to simplifying and improving financial planning processes for businesses. This intuitive solution combines robust features to streamline budget creation, collaborative planning, and insightful forecasting. Vena's user-friendly interface facilitates seamless team collaboration, allowing for efficient data input and analysis. I... Read more about Vena
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Canada
Keka HR is a dynamic human resources management platform offering a range of tools to streamline HR processes. Designed with user simplicity in mind, Keka HR helps businesses manage attendance, payroll, and employee performance seamlessly. Its intuitive interface allows easy navigation, making it accessible for users with varying levels of technical expertise. Keka HR's automation features save ti... Read more about Keka HR
7 Days
$9999 Per month
India
ChartHop is an innovative software designed to enhance organizational management and planning. Its primary feature is the creation of dynamic organizational charts, which visually represent the structure and personnel of a company. These charts are not just static images; they are interactive, allowing users to delve into details about each employee, such as their role, team, and reporting lines. ... Read more about ChartHop
14 Days
$6 Per month
United States
Leapsome is a user-friendly platform offering a range of tools for companies to manage various aspects of their employee performance and engagement. It simplifies tasks like performance reviews, feedback collection, and goal setting. With a straightforward interface, Leapsome enables easy communication and collaboration within teams. It facilitates ongoing employee development through features suc... Read more about Leapsome
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United States
COMPview is a specialized software tool designed for effective compensation management in organizations. It simplifies the complex process of planning and administering employee compensation, making it easy for HR professionals to manage salaries, bonuses, and other forms of pay. Key features include automated workflows, which reduce manual errors and save time, and real-time budget tracking, ensu... Read more about COMPview
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United States
Spiff is a modern commission management software designed to transform how companies handle incentive compensation. It's ideal for businesses that want to motivate their sales teams through transparent and efficient commission tracking. Spiff automates the complex process of calculating commissions, reducing errors and saving time. Its real-time dashboards provide both sales representatives and ma... Read more about Spiff
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United States
CaptivateIQ is a cutting-edge commission management software designed to revolutionize how companies approach sales incentives and compensation. Tailored for businesses of all sizes, it excels in simplifying complex commission calculations, ensuring accuracy and transparency. The software offers customizable commission plans, allowing flexibility to meet various sales strategies and goals. A stand... Read more about CaptivateIQ
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United States
Performio is an innovative sales performance and commission management software, designed to simplify and enhance the way companies handle their sales incentive programs. It's especially suited for businesses looking to motivate their sales teams and accurately track their performance. Performio automates the complex process of calculating sales commissions, reducing errors and administrative work... Read more about Performio
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