Best Compensation Management Software

Did you know employees refer to benefits as the third-largest factor for job satisfaction and performance? If an organization wants to retain top talent, it must compensate the candidates fairly. But that's easier said than done. Considering the multitude of factors influencing compensation rates, it can be extremely challenging to know if the company is compensating the employees fairly. That's where technology, like compensation management systems, helps an organization make fair decisions when it comes to compensating its employees. Compensation management software can be defined as a tool that assists the HR team in making wise, calculated decisions about both recruiting and compensation planning. The main purpose of compensation software solutions is to give hiring managers, executives, and talent staff the total budget available for employee salaries and industry rates for the same. Below is a list of the industry's best compensation management software that you may find useful.

Last Updated: October 01, 2025

246 Software

List of Best Compensation Management Software

Pricing Options

Monthly Subscription

Annual Subscription

One-Time Payment

Quote Based

Features

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

Artificial Intelligence

Company Size

Self Employed

Small Business

Medium Business

Enterprise

I'm looking for Compensation Management Software that is:

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

Free Trial

Available

Pricing Type

$599 Per user

Location

United States

Simplify payroll and compliance for global teams

Multiplier is a powerful software designed to make global employment easier for companies. Its key feature is simplifying the hiring process for international employees without the need for local entities. With Multiplier, businesses can legally hire people from different countries effortlessly. The software handles complex tasks like compliance with local labor laws, payroll, taxes, and employee ... Read more about Multiplier

Free Trial

NA

Pricing Type

$$40 Per month

Location

United States

Leverage the power of HR, talent, payroll, and time in a single solution.

UKG Ready is a comprehensive workforce management solution that simplifies HR processes. It combines payroll, time tracking, and talent management in a user-friendly platform, streamlining employee management for businesses. With features like automated payroll processing and employee self-service options, UKG Ready enhances efficiency and reduces administrative burdens. The system also aids compl... Read more about UKG Ready

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

PayScale Suite is an advanced compensation management software designed to help organizations optimize their pay structures and ensure equitable compensation practices across the workforce. This innovative platform provides comprehensive tools for benchmarking salaries, developing pay policies, and conducting detailed compensation analyses. With its intuitive user interface, HR professionals can e... Read more about PayScale Suite

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Oracle Fusion Cloud HCM is a comprehensive human resource management software designed to streamline HR processes and enhance employee engagement. This cloud-based platform offers a wide range of features, including talent acquisition, performance management, and workforce planning, enabling organizations to manage their human capital effectively. With its user-friendly interface, HR professionals... Read more about Oracle Fusion Cloud HCM

Free Trial

Available

Pricing Type

$0.01 Per user

Location

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

Free Trial

Available

Pricing Type

Contact Vendor

Location

Germany

Employee experience and engagement software

SAP SuccessFactors HXM Suite is an advanced, comprehensive human experience management (HXM) solution, designed to optimize every aspect of the employee experience. It excels in integrating core HR processes, from onboarding to retirement, ensuring a seamless workflow. The software's strength lies in its personalized engagement strategies, enhancing employee satisfaction and productivity. Its robu... Read more about SAP SuccessFactors HXM Suite

Free Trial

NA

Pricing Type

Contact Vendor

Location

Afghanistan

Payroll software crafted to build a better workplace

Zoho Payroll is a cloud-based payroll management software, part of the extensive Zoho suite, tailored for small to medium-sized businesses. Its main strength lies in its seamless integration with other Zoho applications, such as Zoho Books for accounting, enhancing overall financial management. The software automates payroll processing, including tax calculations and compliance with statutory requ... Read more about Zoho Payroll

Free Trial

NA

Pricing Type

Contact Vendor

Location

British Indian Ocean Territory

All-in-one platform for payroll and HR software

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

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Best payroll and HR platform

RUN Powered by ADP is a comprehensive payroll management solution designed for small to medium-sized businesses. It simplifies payroll processing, tax filing, and HR tasks. The platform offers automated payroll calculations, ensuring accuracy and compliance with tax regulations. RUN provides customizable payroll reports, facilitating better financial management. It also includes features for manag... Read more about RUN Powered by ADP

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

The enterprise-velocity compensation platform

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

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

An HCM system primed for performance.

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

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Fully-featured HR platform with modules like timesheets, shift scheduling, expenses & performance.

Sage People is a comprehensive platform designed to simplify human resource management for businesses. It is a digital hub, streamlining tasks such as workforce planning, employee engagement, and talent acquisition. With Sage People, companies can efficiently manage their HR processes, ensuring a cohesive and productive work environment. The platform's user-friendly interface makes it accessible f... Read more about Sage People

Free Trial

Available

Pricing Type

Contact Vendor

Location

United Kingdom

Ascentis is a powerful time clock software designed to help businesses track employee time and attendance accurately. The platform offers features such as automated time tracking, employee scheduling, and real-time reporting, allowing businesses to manage their workforce more efficiently. Ascentis integrates with payroll systems, ensuring that employee hours are accurately recorded and paid. The s... Read more about Ascentis

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Build a people-centered strategy with culture-driven HCM

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

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Cornerstone HR is a comprehensive human resource software solution designed to streamline HR processes and enhance workforce management. This platform offers a suite of tools for recruitment, onboarding, performance management, and employee engagement. With features like applicant tracking, goal setting, and feedback mechanisms, Cornerstone HR helps organizations attract and retain top talent. The... Read more about Cornerstone HR

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

A Simple Approach to Payroll, HR, and Benefits

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

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

One Powerful HR And Payroll Software Puts Employee Data At Your Command

When you need to retain your best people and stay within budget, blanket raises won’t cut it. Our Compensation Budgeting software automates the tedious, so you can pay employees what they deserve without manual calculations and frequent wage adjustments. Once you set the salary parameters, our seamless tech automatically factors performance review ratings and merit matrix values into payroll. I... Read more about Paycom

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

CompAnalyst is a sophisticated compensation management software that empowers organizations to optimize their salary structures and benefits offerings. This tool provides comprehensive analytics and benchmarking capabilities, enabling HR teams to make informed compensation decisions based on market data. Users can easily create, analyze, and manage salary ranges, ensuring alignment with industry s... Read more about CompAnalyst

Free Trial

NA

Pricing Type

$0.01 Per feautre

Location

United States

a3innuva | Nomina is an advanced enterprise resource planning (ERP) software designed to help businesses manage key operations, including payroll, human resources, and financial processes. The software offers a centralized platform for tracking employee payroll, managing benefits, and ensuring compliance with labor laws and tax regulations. With its comprehensive HR management features, a3innuva |... Read more about a3innuva | Nomina

Free Trial

NA

Pricing Type

$77 Per month

Location

United States

Compensation Strategy and Design is a specialized human resource software focused on helping organizations develop and manage effective compensation plans. The platform offers a comprehensive suite of tools for designing salary structures, bonus schemes, and incentive programs that align with business objectives and market standards. Compensation Strategy and Design enables HR professionals to ana... Read more about Compensation Strategy and Design

Free Trial

NA

Pricing Type

$1 Per feautre

Location

United Kingdom

Compensation.BLR.com is a comprehensive compensation management software solution designed to help businesses streamline their compensation processes, ensure compliance, and remain competitive in the labor market. The platform provides organizations with tools to design, implement, and manage compensation structures, including salary, bonuses, incentives, and benefits. Compensation.BLR.com helps H... Read more about Compensation.BLR.com

Free Trial

NA

Pricing Type

$1195 Per year

Location

United States

Compensation planning software to design, model, and manage pay and reward programs.

PeopleFluent Compensation Planning is a specialized software designed to streamline and enhance the compensation management process in organizations. It offers a comprehensive solution for handling various aspects of employee compensation, including salaries, bonuses, and incentives. The software's key features include robust tools for budgeting and allocation, which allow managers to distribute f... Read more about PeopleFluent Compensation Planning

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Deltek Talent Management is a comprehensive human resource software designed to streamline the recruitment and talent management processes for organizations. This platform offers a suite of tools for applicant tracking, employee onboarding, performance evaluation, and training management. With its intuitive interface, HR professionals can easily manage the entire employee lifecycle, from recruitme... Read more about Deltek Talent Management

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Mercer WIN | ePRISM is a comprehensive compensation management software solution that helps organizations manage employee compensation and benefits programs. Designed for HR departments and compensation professionals, ePRISM offers tools for planning, modeling, and managing compensation structures, including base pay, bonuses, equity, and benefits. With ePRISM, businesses can analyze and adjust co... Read more about Mercer WIN | ePRISM

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Explore Today’s Featured Compensation Management Software

WHIZTEC HCM is an advanced human resource management software designed to streamline HR processes and enhance employee engagement. This platform provides a comprehensive suite of tools for managing recruitment, onboarding, performance management, and employee records. With WHIZTEC HCM, HR professionals can easily track job applicants, automate onboarding workflows, and conduct performance evaluati... Read more about WHIZTEC HCM

Free Trial

NA

Pricing Type

$40 Per month

Location

United Arab Emirates

Queue is a sophisticated compensation management software designed to help organizations streamline and optimize their compensation processes. This platform provides HR and finance teams with the tools to manage employee compensation packages, bonuses, and salary structures effectively. With its user-friendly interface, Queue allows organizations to create and customize compensation plans that ali... Read more about Queue

Free Trial

NA

Pricing Type

$895 Per user

Location

Canada

PromptPayPlanner is an innovative compensation management software designed to help organizations efficiently manage their employee compensation programs. This platform offers a comprehensive suite of tools for planning, analyzing, and optimizing compensation strategies. Users can easily create compensation plans that align with organizational goals and market benchmarks, ensuring competitive pay ... Read more about PromptPayPlanner

Free Trial

NA

Pricing Type

$25000 Per user

Location

United States

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Frequently Asked Questions

Compensation Management Software helps businesses plan, manage, and automate employee compensation, like salaries, bonuses, and incentives.

It ensures fair pay, aligns compensation with performance, reduces manual errors, and supports transparent, data-driven HR decisions.

Important features include salary planning, bonus tracking, pay benchmarking, performance integration, and approval workflows.

Look for ease of use, flexibility in compensation structures, integration with HR systems, automation, and robust reporting tools.

It streamlines compensation planning, tracks pay data, aligns it with company policies, and helps HR manage employee rewards effectively.

Choose based on company size, compensation complexity, required integrations, scalability, and a user-friendly interface for HR teams.

Deployment matters—cloud-based systems offer flexibility and remote access, while on-premise ensures more control over sensitive data.

Check if it supports multiple compensation models, growing employee numbers, and advanced features like analytics or global pay structures.

Compare salary planning tools, analytics, user access controls, performance-linked pay options, and integration with HR and payroll systems.

Yes, most tools offer performance-based compensation modules that link appraisals and KPIs to rewards and incentives.

Members benefit from accurate pay tracking, visibility into performance-based incentives, and a transparent compensation system.

Yes, it is available in both cloud-based and on-premise versions, giving companies flexibility based on their infrastructure and compliance needs.

It integrates with HR management systems, payroll, performance management tools, and analytics platforms to streamline compensation workflows.

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