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Best Compensation Management Software For Small Business

Top picks for Compensation Management Software available for small business

Empower managers with a simplified compensation process.

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Free trial not available

Freemium not available

SimplyMerit offers custom pricing plan

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Automated compensation planning made simple.

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Free trial not available

Freemium not available

CompXL offers custom pricing plan

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Empower your workforce with streamlined compensation management.

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Free trial not available

Freemium not available

Workday Compensation offers custom pricing plan

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List of the Best Compensation Management Software For Small Business as of May 2025

SimplyMerit logo

SimplyMerit

Empower managers with a simplified compensation process.

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Product Description

SimplyMerit simplifies the annual compensation cycle, significantly boosting manager engagement. Designed by experienced compensation consultants, it addresses the biggest pain points of compensation specialists and provides clarity and simplicity for managers and executives.

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Pricing

SimplyMerit offers custom pricing plan

CompXL logo

CompXL

Automated compensation planning made simple.

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Product Description

CompXL, now part of Salary.com, is a flexible and affordable compensation planning software that automates the interaction between the compensation team and planning managers during focal review cycles for merit, bonuses, and long-term incentives. CompXL reduces administrative burdens and cycle ...

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Pricing

CompXL offers custom pricing plan

Workday Compensation logo

Workday Compensation

Empower your workforce with streamlined compensation management.

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Product Description

Workday offers a unified compensation management system that allows everyone within the organization to participate in compensation reviews and access the necessary information to determine appropriate rewards. Workday Compensation provides total rewards statements that let you show your ...

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Pricing

Workday Compensation offers custom pricing plan

HRsoft Compensation Management logo

HRsoft Compensation Management

Streamline compensation, maximize success.

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Product Description

HRSoft is built for compensation lifecycle management, bringing digital transformation's power and business impact to the least automated process in HR. HRSoft enables organizations to confidently create customized, multi-faceted compensation plans that reflect their values, attract new hires, ...

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Pricing

HRsoft Compensation Management offers custom pricing plan

Payscale logo

Payscale

Fair pay decisions, simplified.

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Product Description

Payscale combines diverse and dynamic data sources, experienced compensation services, and scalable software to help organizations make fair and appropriate pay decisions: Payfactor, designed for organizations focused on optimizing pay, offers business teams a customized, cloud-based ...

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Pricing

Payscale offers custom pricing plan

Barley

Barley

Empower fair and effective pay decisions.

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Product Description

Barley is a compensation management software that helps companies make better pay decisions by combining pay bands, compensation reviews, pay equity, and candidate benchmarking into a platform.

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Barley offers custom pricing plan

CompTool

CompTool

Streamline compensation with ease.

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Product Description

CompTool offers a compensation management tool that includes compensation planning, management, and communication. It also provides a market pricing solution to ensure a competitive position for your pay ranges.

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Pricing

CompTool offers custom pricing plan

Pave

Pave

Smart compensation decisions, effortlessly.

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Product Description

Introducing Pave, an innovative software solution designed to empower you to make informed and strategic compensation decisions effortlessly. With the tagline "Make smarter compensation decisions," Pave offers unparalleled access to real-time compensation benchmarking data, allowing you to stay ...

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Pave offers custom pricing plan

BetterComp

BetterComp

Maximize your market pricing with BetterComp.

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Product Description

BetterComp provides a compensation benchmarking solution built to help companies navigate the challenging process of market pricing at scale. It enables organizations to market price their global job catalog using their own families and levels. BetterComp offers powerful reporting options to ...

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Pricing

BetterComp offers custom pricing plan

CompAnalyst

CompAnalyst

Unleash the Power of Compensation Analysis.

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Product Description

CompAnalyst, a product of Salary.com, is a Total Compensation Management Platform that integrates an organization's employee data with external market data to facilitate job market pricing for achieving internal equity and external competitiveness. With global family mapping capabilities, ...

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Pricing

CompAnalyst offers custom pricing plan

Frequently Asked Questions (FAQs)

Stuck on something? We're here to help with all the questions and answers in one place.

These are the key features of Compensation Management Software. Self Service Portal, Payroll Management, Training Management, Budget Management, Reporting (Analytics), Surveys & Feedback, Benefits Management, Employee Lifecycle Management, Compensation Management and Goal Tracking

Yes. Here are some Compensation Management Software with free trial

Yes. Here are some Compensation Management Software available with the mobile app

This software is researched and edited by

Rajat Gupta is the founder of Spotsaas, where he reviews and compares software tools that help businesses work smarter. Over the past two years, he has analyzed thousands of products across CRM, HR, AI, and finance — combining real-world research with a strong foundation in commerce and the CFA program. He's especially curious about AI, automation, and the future of work tech. Outside of SpotSaaS, you'll find him on a badminton court or tracking the stock market.

Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].