8 Best Compensation Management Software for Planning & Administration in 2022 (Free & Paid)

TLDR: Short on time and want to jump straight to the answer?
As per our research, the best Compensation Management Software for most people is PeopleFluent.

Compensation management software is used by employers around the world to help provide employees with a baseline of information on their performance reviews and other business-related matters. The goal of the software is to provide an objective, transparent approach to holding employees accountable while reducing the amount of time it takes to handle compensation issues and resolving them faster than ever before. While compensation can seem like an obvious area for improvement, many companies have typically used paper-based systems that can be laborious and outdated to handle the task. With advancements in technology, however, it’s now possible to effectively compensate manage a large number of employees using a computer-based solution.

After researching dozens of Compensation Management Software options available in the market today, we have compiled this list of top 8 Compensation Management Software to help you find the perfect solution based on your specific needs.

The 8 Best Compensation Management Software

Here are our top picks for the best Compensation Management Software,

  1. PeopleFluent – Overall Best Compensation Management Software
  2. UKG Pro – Simple and Easy to Use Compensation Management Solution for Beginners
  3. Paycor – Most Popular Compensation Software
  4. HRSoft – Most Versatile Compensation Planning Software for Flexibility and Customization
  5. Workday – Best Compensation Solution with Fast and Reliable Support
  6. Paylocity – Most Affordable Compensation Analysis Tool
  7. SumTotal – Best Freemium Compensation Management System
  8. Willis Towers Watson – Top Rated Compensation Management Solution

So, let’s read on further to get a complete idea of our top Compensation Management Software picks for this year.

1. PeopleFluent – Overall Best Compensation Management Software

Peoplefluent compensation planning software helps you take your strategy beyond numbers and budgets. Show your people they are truly valued. Compensation planning software – peoplefluent logomark_white.


2. UKG Pro – Simple and Easy to Use Compensation Management Solution for Beginners

Compensation management software powered by ukg pro is the answer for small businesses and large corporations. Ukg’s cloud-based payroll software can simplify payroll management. Create payroll and benefits packages and customize employee compensation all at once. Compensation management software – ukg pro.


3. Paycor – Most Popular Compensation Software

Compensation planning software to help you manage and execute pay increases, bonuses and rewards in your organization. Learn more here. Compensation planning software paycor toggle menu caret down caret down caret down caret down caret down caret down caret down search future effective dating auto calculate what if scenario differentiate by performance pandemic response facebook Twitter instagram YouTube LinkedIn pinterest.


4. HRSoft – Most Versatile Compensation Planning Software for Flexibility and Customization

Keep employees invested and your HR team in control with award-winning compensation management software from hrsoft. Compensation management software – compview – hrsoft.


5. Workday – Best Compensation Solution with Fast and Reliable Support

Take a global approach to compensation. Workday compensation management software makes it easy to define employee compensation within your organization. Our compensation management system gives you the insights needed to create plans that attract and retain top talent around the globe. Compensation management software system – workday.


6. Paylocity – Most Affordable Compensation Analysis Tool

Ensure fair, competitive pay. Automate compensation plans, align budgets with business goals, and get the insights you need to pay employees accurately. Compensation management tools – our products – paylocity.


7. SumTotal – Best Freemium Compensation Management System

Sumtotal helps you manage and simplify the complexity of compensation planning, budgeting, incentive management, and reporting. Compensation management software – sumtotal.


8. Willis Towers Watson – Top Rated Compensation Management System

Future-oriented total compensation management starts with willis towers watson compensation software. Our market-leading software brings together interactive compensation data, job leveling and compensation analytics and design, so you can create a pay-for-performance culture that attracts and rewards the best employees and improves their engagement and retention. Willis towers watson compensation software – willis towers watson.


Final Thoughts – Best Compensation Management Software

The right Compensation Management Software for you, depends on your specific needs, of course. Most of our top Compensation Management Software picks include a free trial, so don’t be shy about trying a few different brands until you find a perfect fit.

In review, here are our top 8 picks for the best Compensation Management Software.

Name Use Case Website Link
1. PeopleFluent Overall Best Compensation Management Software Try Now
2. UKG Pro Simple and Easy to Use Compensation Management Solution for Beginners Try Now
3. Paycor Most Popular Compensation Software Try Now
4. HRSoft Most Versatile Compensation Planning Software for Flexibility and Customization Try Now
5. Workday Best Compensation Solution with Fast and Reliable Support Try Now
6. Paylocity Most Affordable Compensation Analysis Tool Try Now
7. SumTotal Best Freemium Compensation Management System Try Now
8. Willis Towers Watson Top Rated Compensation Management Solution Try Now
List of Top 8 Compensation Management Software

We hope that you found this guide helpful in choosing the best Compensation Management Software for your specific needs. Feel free to share the article with your friends and help spread the knowledge.