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:

The only global HR platform you’ll ever need

Remote is a cutting-edge HR software designed to streamline global employment, payroll, and compliance for businesses of all sizes. Its main feature is enabling companies to hire, pay, and manage international employees and contractors effortlessly. Remote stands out for handling various complexities of international labor laws, tax systems, and payroll processing, offering peace of mind to employ... Read more about Remote

Free Trial

30 Days

Pricing Type

$$29 Per month

Location

United States

Employee Recognition with Social Recognition

Workhuman Social Recognition is an advanced software designed to transform workplace culture through meaningful recognition and rewards. This platform stands out for its focus on building human connections, encouraging employees to acknowledge each other's contributions in a personal and impactful way. Its global reach allows for multicultural and diverse recognition, catering to a wide range of w... Read more about Workhuman Social Recognition

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

Online HR & Payroll Built for Employees

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

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

Human Capital Management Solution

Cegid Talentsoft is a comprehensive HR software designed to streamline talent management processes. It's user-friendly and adaptable, making it suitable for businesses of all sizes. The software excels in personalized employee development, offering tools for performance appraisals, training, and career planning. A standout feature is its collaborative workspace, where employees and managers can en... Read more about Cegid Talentsoft

Free Trial

Available

Pricing Type

Contact Vendor

Location

France

Workhuman is a leading employee recognition software that fosters a culture of appreciation within organizations. By providing a platform for employees to recognize and celebrate each other’s contributions, Workhuman enhances employee engagement and morale. The software enables organizations to implement recognition programs that align with their core values and business objectives. With feature... Read more about Workhuman

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Equilar Insight is a powerful compensation management software designed to help organizations navigate the complexities of executive compensation and benchmarking. The platform provides tools for analyzing compensation data, tracking trends, and ensuring compliance with regulatory requirements. With Equilar Insight, HR professionals and compensation committees can access comprehensive databases of... Read more about Equilar Insight

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Brightmine Compensation Planning is a powerful compensation management software designed to help businesses develop and manage competitive pay structures, bonuses, and employee benefits programs. With Brightmine, HR teams can create compensation models based on factors like market trends, employee performance, and company objectives, ensuring fair and equitable pay across the organization. The sof... Read more about Brightmine Compensation Planning

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

HCM Solutions for Leaders and HR Teams

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

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

Dayforce HCM is an all-in-one human capital management (HCM) software solution designed to streamline and automate HR processes for businesses of all sizes. It integrates essential HR functions, including payroll, talent management, recruitment, benefits administration, time tracking, and employee performance management, into one platform. Dayforce HCM leverages real-time data to provide actionabl... Read more about Dayforce HCM

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

ADAM HCM is an advanced human resource management software designed to help organizations manage their HR processes efficiently. The platform provides tools for recruitment, onboarding, performance management, and employee engagement, ensuring that HR teams can operate seamlessly. ADAM HCM allows users to automate routine HR tasks, such as applicant tracking, payroll processing, and compliance man... Read more about ADAM HCM

Free Trial

NA

Pricing Type

$5 Per month

Location

United States

Certent Equity Management is an investment management software designed to help businesses manage their employee equity plans and ensure compliance with regulations. The platform offers a comprehensive suite of tools for tracking and reporting on stock options, restricted stock units (RSUs), and other equity compensation plans. Certent simplifies the process of grant management, vesting, and exerc... Read more about Certent Equity Management

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

SurePayroll is a cloud-based payroll software tailored for small to medium-sized businesses. Its hallmark is simplicity, allowing users to process payroll quickly and accurately, even on mobile devices. A standout feature is its autopayroll capability, which automates regular pay runs, saving valuable time. SurePayroll also offers robust tax filing services, ensuring businesses stay compliant with... Read more about SurePayroll

Free Trial

30 Days

Pricing Type

Contact Vendor

Location

United States

Unit4 Compensation Planning is a comprehensive compensation management software designed to help businesses effectively manage employee compensation packages. This software provides tools for creating, managing, and analyzing compensation strategies, ensuring alignment with organizational goals and budgets. With features like salary benchmarking, pay equity analysis, bonus modeling, and automatic ... Read more about Unit4 Compensation Planning

Free Trial

NA

Pricing Type

$3588 Per user

Location

United States

Manage people and their performance

Lattice is a comprehensive performance management software, designed to foster employee growth and organizational development. It's particularly suited for companies looking to enhance employee engagement and productivity through streamlined goal-setting, feedback, and performance reviews. Lattice stands out with its integrated approach, combining performance management with continuous feedback an... Read more about Lattice

Free Trial

Available

Pricing Type

$11 Per user

Location

United States

Insperity is a comprehensive talent management software designed to streamline HR processes for businesses of all sizes. The platform offers tools for recruitment, onboarding, performance management, and employee engagement, enabling organizations to optimize their workforce effectively. With its user-friendly interface, HR professionals can easily manage employee records, track performance metric... Read more about Insperity

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

TriNet Zenefits is an all-in-one human resource software solution designed to simplify HR management for organizations of all sizes. This platform provides comprehensive tools for managing employee onboarding, benefits administration, payroll processing, and compliance. With its user-friendly interface, HR teams can easily access employee information, track performance metrics, and streamline HR p... Read more about TriNet Zenefits

Free Trial

Available

Pricing Type

$8 Per user

Location

United States

Bizneo HR is a software with more than 16 tools for operative optimization of: Recruitment, Absences, Time and Shift Control, Appraisals, Reports and more that you can customize in the portal of each worker. It reduces more than 35% of the operational burden by providing maximum flexibility, real time information and access from any device with internet. Companies of all sizes in more than 40 coun... Read more about Bizneo HR

Free Trial

Available

Pricing Type

$6 Per month

Location

Spain

Drive Business Performance With Planning Software

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

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Carta is an equity management software designed to simplify the complex processes involved in managing and tracking company equity, stock options, and ownership structures. It is ideal for startups, private companies, and venture capital firms. Carta allows businesses to manage cap tables, stock option plans, and 409A valuations with ease, ensuring compliance with regulatory requirements and offer... Read more about Carta

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

Incentive Compensation Management Software

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

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

HR and Payroll Software

PeopleGuru HCM is a comprehensive human capital management software designed specifically for mid-market companies. Its core strength lies in its fully integrated suite, encompassing all aspects of employee management, including payroll, talent acquisition, HR management, and benefits administration. This integration streamlines HR processes, ensuring efficiency and accuracy. A standout feature of... Read more about PeopleGuru HCM

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

STRATWs ONE is a performance appraisal software that helps organizations manage employee evaluations efficiently. With its user-friendly interface, STRATWs ONE enables managers to assess employee performance based on predefined criteria, track progress, and provide actionable feedback. The software supports multiple performance appraisal methods, including 360-degree feedback, self-assessment, and... Read more about STRATWs ONE

Free Trial

NA

Pricing Type

$1500 Per user

Location

Brazil

Fuego is a mobile banking software that enables financial institutions to offer secure, user-friendly banking services through mobile devices. The platform provides customers with essential banking functions such as account balance inquiries, fund transfers, bill payments, and transaction history, ensuring a seamless digital banking experience. Fuego’s intuitive interface allows banks to offer c... Read more about Fuego

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

Wisemonk is a powerful onboarding software solution designed to streamline and automate the employee onboarding process. It helps businesses welcome new hires by providing an efficient and engaging experience right from day one. With Wisemonk, companies can create personalized onboarding workflows that include document submission, training schedules, and company orientation. The software allows HR... Read more about Wisemonk

Free Trial

NA

Pricing Type

Contact Vendor

Location

India

Award-winning HR system for all of your HRIS needs

HiBob HRIS is a modern, cloud-based human resources information system designed to cater to the needs of mid to large-sized businesses. It excels in centralizing employee data, making management of personal details, benefits, and payroll both efficient and secure. The software stands out for its engaging employee onboarding experiences and streamlined absence management. HiBob also offers robust p... Read more about Bob

Free Trial

NA

Pricing Type

Contact Vendor

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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