HRsoft Compensation Management

About HRsoft Compensation Management

HRSoft Compensation Management is the industry-leading, purpose built platform for compensation lifecycle management. HRSoft Compensation Management provides a digitized, integrated system of record for designing, approving, executing, and measuring even the most complex compensation strategies. The platform brings all disparate compensation-related data into a single unified system, with the right level of transparency to stakeholders.

Pricing starting from:

US$1.00/year

  • Free Version
  • Free Trial
  • Subscription

Key benefits of HRsoft Compensation Management

  • The system can be configured to complement current compensation planning workflows in use at the company.

  • Real-time data, auditable planning processes, and active advice alerts are designed to prevent errors or security risks, while still keeping data accessible in the cloud.

  • Salary, variable pay, and stock can all be planned and managed, with the option for pay-for-performance.

  • Awards can be reviewed, processed, and approved in real time, with custom workflows and manager notifications.

  • Role-based access permissions allow users access to required data, while protecting sensitive information from unauthorized access.
  • Typical Customers

    • Freelancers
    • Small Businesses (2-50)
    • Mid-size Companies (51-500)
    • Large enterprises (500 and more)

    Deployment

    • Cloud-based
    • On-premise

    Markets

    Albania, Andorra, Austria, Belarus, Belgium and 50 others

    Supported Languages

    English

    Pricing starting from:

    US$1.00/year

    • Free Version
    • Free Trial
    • Subscription

    Images

    HRsoft Compensation Management Software - COMPview visualizes salary comparisons in graph form
    HRsoft Compensation Management Software - Compensation can be awarded to employees based on performance though COMPview
    HRsoft Compensation Management Software - COMPview reports on budget allocations, spend, and remaining amounts
    HRsoft Compensation Management Software - COMPview allows users to configure company hierarchies for individual budgets
    View 5 more
    HRsoft Compensation Management video
    HRsoft Compensation Management Software - COMPview visualizes salary comparisons in graph form
    HRsoft Compensation Management Software - Compensation can be awarded to employees based on performance though COMPview
    HRsoft Compensation Management Software - COMPview reports on budget allocations, spend, and remaining amounts
    HRsoft Compensation Management Software - COMPview allows users to configure company hierarchies for individual budgets

    Features

    Total features of HRsoft Compensation Management: 29

    • API
    • Activity Dashboard
    • Alerts/Notifications
    • Approval Process Control
    • Bonus Management
    • Budget Management
    • Compensation Plan Modeling
    • Compensation Statements
    • Configurable Workflow
    • Customizable Reports
    • Customizable Templates
    • Data Import/Export
    • Document Management
    • Employee Reward Programs
    • Incentive Management
    • Merit/Bonus Management
    • Multi-Currency
    • Organizational Charting
    • Performance Appraisal
    • Performance Management
    • Real-Time Data
    • Real-Time Reporting
    • Reporting & Statistics
    • Reporting/Analytics
    • Role-Based Permissions
    • Salary History
    • Salary Planning
    • Third-Party Integrations
    • Workflow Management

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    Reviews

    Overall rating

    4.8 /5
    (51)
    Value for Money
    4.6/5
    Features
    4.6/5
    Ease of Use
    4.6/5
    Customer Support
    4.9/5

    Already have HRsoft Compensation Management?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Showing 5 reviews of 51
    Britta H.
    Britta H.
    Overall rating
    • Industry: Hospital & Health Care
    • Company size: 501–1,000 Employees
    • Used for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support

    Our recent implementation went smoothly thanks to our excellent support team.

    Reviewed on 06/04/2018

    Pros

    HRSoft COMPview enables us to support our business through building advanced rules and calculations not available in our HRIS. We were able to build interfaces between our HRIS and HRSoft to ensure the data populated in the planning tool was mapped properly. We also built reports to support seamless payroll processing for our annual bonus payments. Our support team was incredibly knowledgeable and supportive throughout the entire process.

    Cons

    Some features are hardcoded into the HRSoft COMPview tool which may require some creative resolution. The HRSoft team was extremely accommodating and always kept our business needs in mind. Also, post-implementation, we held a post-mortem and HRSoft listened to our feedback for improvements which may be adopted in future releases.

    Eric
    Overall rating
    • Industry: Health, Wellness & Fitness
    • Company size: 10,000+ Employees
    • Used Monthly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    HRSoft Review

    Reviewed on 26/04/2024

    We are very happy with HRSoft. Their implementation and support staff are great to work with and...

    We are very happy with HRSoft. Their implementation and support staff are great to work with and they've been awesome partners with our highly customized configuration. They are incredibly knowledgeable about everything with the tool, and if something isn't initially feasibly they will work to find a solution.

    Pros

    The User Interface of HRSoft is great. It's incredibly easy to navigate. Inputs are easily tracked and are obvious for end users. Once configured, the data imports are clean and work consistently. The tool is highly customizable with support from the HRSoft team. The implementation team is always open to brainstorming and assisting with any customization that you might require.

    Cons

    Budget configurations can be challenging fi you're looking for highly customized budgets. The team is great at discussing options and finding a solution. I am unaware of a way to automate exports data out of the tool, so all exports have to be kicked off by humans.

    Verified Reviewer
    Overall rating
    • Industry: Banking
    • Company size: 10,000+ Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    CompTrak Review

    Reviewed on 04/02/2020

    - Highly customized application to support employee variable compensation planning and allocation.
    -...

    - Highly customized application to support employee variable compensation planning and allocation.
    - Excellent support and flexible professional services

    Pros

    - function rich
    - highly customized
    - ease of use

    Cons

    - error handling is a bit weak
    - not enough information cross checking and validation
    - error messaging is a bit weak

    Kendra
    Overall rating
    • Industry: Computer Software
    • Company size: 1,001–5,000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    Solid Merit / Promotion / Bonus Planning Tool

    Reviewed on 17/04/2024

    The right customer service team makes all the difference. This is a solid tool, made better when...

    The right customer service team makes all the difference. This is a solid tool, made better when you have someone that can help you make best practice decisions on how to configure what you're trying to accomplish.

    Pros

    -A single view for merit and promotion data and planning - this allows for all individuals in a specific org to be reviewed within their structure without toggling between screens
    -Real time budget updates as recommendations are added
    -Ability to add Co-Planners for HR to be able to assist with planning for the designated areas
    -Many readily available reports
    -Ability to create and make available compensation letters to Planners for distribution to their employees

    Cons

    -A lot of PS hours goes into configuring the system - we never seem to have enough to cover our annual implementation
    -Small detail, but I don't care for the search functionality. After you search for an employee, you then have to "Apply" the results. An unnecessary step in the process.

    Alexa
    Overall rating
    • Industry: Hospital & Health Care
    • Company size: 10,000+ Employees
    • Used Monthly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    Great Compensation Management Software

    Reviewed on 24/04/2024

    Pros

    As a People Services team and user, I love the interface of HRSoft. Senior leaders describe it as "Amazon for compensation management." HRSoft has also been a fantastic partner in customizing to meet our business needs.

    Cons

    Generally, we are very happy with the product. Sometimes the product will become slow if too many users are in it, but my understanding is that this will be resolved over time.

    Showing 5 reviews of 51 Read all reviews

    HRsoft Compensation Management FAQs

    Below are some frequently asked questions for HRsoft Compensation Management.

    HRsoft Compensation Management offers the following pricing plans:

    • Starting from: US$1.00/year View Pricing Plans
    • Pricing model: Subscription
    • Free Trial: Not Available

    Pricing is available on inquiry.

    HRsoft Compensation Management has the following typical customers:

    501–1,000, 1,001–5,000

    HRsoft Compensation Management supports the following languages:

    English

    HRsoft Compensation Management supports the following devices:

    We do not have any information about what integrations HRsoft Compensation Management has

    HRsoft Compensation Management offers the following support options:

    Email/Help Desk, Phone Support, 24/7 (Live rep)

    Related categories

    See all software categories found for HRsoft Compensation Management.