OpenComp

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Decision Snapshot

OpenComp Evaluation Snapshot

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User RatingNot rated yet
Starting Price$4500 / year
Free TrialAvailable
Free VersionYes
APINot available
DeploymentCloud Hosted
HeadquartersUnited States
✎
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Product Overview

OpenComp Overview

Product description, media, company details, support, training, deployment, customer size, languages, and industries.

About OpenComp

OpenComp is a comprehensive compensation management software designed to help businesses structure and manage employee compensation effectively. The platform simplifies the process of salary planning, bonus distribution, and equity management by providing real-time compensation data, salary benchmarking, and forecasting tools. OpenComp enables HR and finance teams to make data-driven decisions regarding compensation by offering a centralized platform where they can analyze market trends, compare employee compensation packages, and ensure internal equity. The software integrates with other HR tools to streamline payroll and benefits administration, reducing errors and ensuring compliance with legal requirements. OpenComp also includes customizable compensation models, allowing businesses to tailor their compensation strategies to meet organizational goals and attract top talent. Additionally, it provides detailed reporting and analytics that help HR teams monitor compensation trends and adjust strategies as needed. OpenComp is a crucial tool for businesses looking to build competitive, fair, and transparent compensation structures.
Company OpenComp
Founded NA
Headquarters United States
Employees NA

Support

NA

Training

NA

Licensing & Deployment

Proprietary Cloud Hosted Web-Based

Typical Customers

Self-Employed Small-Business Midsize-Business
Languages Supported 1 language available
English
Industries Served 5 industries available
Banking Consumer Electronics Financial Services Health Hospital & Health Care
Category-Based Capabilities

OpenComp Features

Each category combines the selected software category, its category-specific description, and the features assigned to that category.

Compensation Management Software 28 selected features Open category ↗ ⌄
Compensation Statements Performance Management Real Time Reporting Reminders Organizational Charting Employee Self Service Employee Portal Document Management Benefits Management Employee Reward Programs Employee Database HR Management Performance Appraisal Bonus Management Attendance Tracking Succession Planning Compensation Plan Modeling Compliance Management Incentive Management Payroll Management Employee Onboarding Salary History Employee Management Multi-Currency Salary Planning Goal Setting/Tracking Commission Management Budget Management
Pricing Information

OpenComp Pricing

Pricing type, currency, trial availability, payment frequency, destination links, and package-level starting prices.

Pricing Type Flat Rate
Preferred Currency USD ($)
Free Trial Available
Free Version Yes
Payment Frequency Annual Subscription
Comp Benchmarking
$4500 Per Year

Prices shown are profile information and may not include taxes, regional differences, introductory terms, usage limits, or add-ons. Confirm current plans on the vendor website.

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Frequently Asked Questions

OpenComp FAQs

Answers generated from approved profile information, selected options, packages, integrations, support, training, deployment, and devices.

OpenComp is a comprehensive compensation management software designed to help businesses structure and manage employee compensation effectively. The platform simplifies the process of salary planning, bonus distribution, and equity management by providing real-time compensation data, salary benchmarking, and forecasting tools. OpenComp enables HR and finance teams to make data-driven decisions regarding compensation by offering a centralized platform where they can analyze market trends, compare employee compensation packages, and ensure internal equity. The software integrates with other HR tools to streamline payroll and benefits administration, reducing errors and ensuring compliance with legal requirements. OpenComp also includes customizable compensation models, allowing businesses to tailor their compensation strategies to meet organizational goals and attract top talent. Additionally, it provides detailed reporting and analytics that help HR teams monitor compensation trends and adjust strategies as needed. OpenComp is a crucial tool for businesses looking to build competitive, fair, and transparent compensation structures.

  • Yes, OpenComp offers a free version.

  • Yes, OpenComp offers a free trial.

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

  • OpenComp offers the following pricing plans & packages:

    Comp Benchmarking

    $4500 Per Year

  • OpenComp supports the following payment frequencies:

    • Annual Subscription

  • No, OpenComp does not offer an API.

  • OpenComp supports the following languages:
    • English

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

  • OpenComp supports the following deployment:
    • Cloud Hosted

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