Compensation Tool Overview

Compensation Tool is a comprehensive compensation management software solution designed to help organizations structure and manage employee compensation effectively. The platform allows HR teams to design, administer, and optimize compensation packages for employees, ensuring that compensation is competitive, fair, and aligned with business goals. Compensation Tool supports a variety of compensation components, including base salary, bonuses, equity, and benefits, providing a complete picture of employee remuneration. With its robust analytics and reporting features, the software helps HR professionals assess compensation trends, benchmark salaries, and identify areas for improvement. It also ensures compliance with legal regulations, such as minimum wage laws and overtime pay requirements, reducing the risk of costly errors. Compensation Tool’s userfriendly interface allows HR managers to create compensation plans, track employee performance, and make adjustments based on business performance or market conditions. By streamlining the compensation process, the software helps organizations attract, retain, and motivate top talent.

Read More

Contact Details

  • Vendor Name Compensation Tool
  • Founded 2016
  • Location United States

Support

  • Chat Chat

Training

  • In-person In-person
  • Live Online Live Online
  • Documentation Documentation

Licensing & Deployment

  • Proprietary Proprietary
  • Cloud Hosted Cloud Hosted
  • Web-Based Web-Based

Typical Customers

  • Self-Employed Self-Employed
  • Small-Business Small-Business
  • Midsize-Business Midsize-Business

Languages Supported

English


Industries

Human Resources

You May Also Like

Multiplier

Multiplier

$$40 Per month

UKG Ready

UKG Ready

Contact Vendor

PayScale Suite

PayScale Suite

Contact Vendor

Compensation Tool Features

  • Arrow Icon Compensation Statements
  • Arrow Icon Performance Management
  • Arrow Icon Real Time Reporting
  • Arrow Icon Reminders
  • Arrow Icon Organizational Charting
  • Arrow Icon Employee Self Service
  • Arrow Icon Employee Portal
  • Arrow Icon Document Management
  • Arrow Icon Benefits Management
  • Arrow Icon Employee Reward Programs
  • Arrow Icon Employee Database
  • Arrow Icon HR Management
  • Arrow Icon Performance Appraisal
  • Arrow Icon Bonus Management
  • Arrow Icon Attendance Tracking
  • Arrow Icon Succession Planning
  • Arrow Icon Compensation Plan Modeling
  • Arrow Icon Compliance Management
  • Arrow Icon Incentive Management
  • Arrow Icon Payroll Management
  • Arrow Icon Employee Onboarding
  • Arrow Icon Salary History
  • Arrow Icon Employee Management
  • Arrow Icon Multi-Currency
  • Arrow Icon Salary Planning
  • Arrow Icon Goal Setting/Tracking
  • Arrow Icon Commission Management
  • Arrow Icon Budget Management

Compensation Tool Pricing

Pricing Type

  • Pricing Type Per Feature

Preferred Currency

  • USD ($) USD ($)

Free Trial

  • Free Trial Available

Free Version

  • NA

Payment Frequency

  • Annual Subscription Annual Subscription

Plans & Packages

Basic

$4999 Per Feature

Compensation Tool FAQs

Compensation Tool is a comprehensive compensation management software solution designed to help organizations structure and manage employee compensation effectively. The platform allows HR teams to design, administer, and optimize compensation packages for employees, ensuring that compensation is competitive, fair, and aligned with business goals. Compensation Tool supports a variety of compensation components, including base salary, bonuses, equity, and benefits, providing a complete picture of employee remuneration. With its robust analytics and reporting features, the software helps HR professionals assess compensation trends, benchmark salaries, and identify areas for improvement. It also ensures compliance with legal regulations, such as minimum wage laws and overtime pay requirements, reducing the risk of costly errors. Compensation Tool’s userfriendly interface allows HR managers to create compensation plans, track employee performance, and make adjustments based on business performance or market conditions. By streamlining the compensation process, the software helps organizations attract, retain, and motivate top talent.

  • No, Compensation Tool does not offer a free version.

  • Yes, Compensation Tool offers a free trial.

  • No, Credit Card details are not required for the Compensation Tool trial.

  • Compensation Tool offers the following pricing plans & packages:

    Basic

    $4999 Per Feature

  • Compensation Tool supports the following payment frequencies:

    • Annual Subscription

  • No, Compensation Tool does not offer an API.

  • Compensation Tool offers support with the following options:
    • Chat

  • Compensation Tool offers training with the following options:
    • In-person , Live Online , Documentation

  • Compensation Tool supports the following languages:
    • English

  • Following are the typical users of the Compensation Tool:
    • Self-Employed , Small-Business , Midsize-Business

  • Compensation Tool supports the following deployment:
    • Cloud Hosted

  • Compensation Tool supports the following devices and operating systems:
    • Web-Based