Guide to Compensation and Benefits Software

Get HR compensation software that is customizable and integrates other HR applications

Compensation and benefits software should be customizable and easy to use.

I recommend: Use Halogen eCompensation to automate the entire work flow process, which also provides checks and balances to reduce errors. HROffice from ELFOR SOFT integrates with all Microsoft applications. StepStone benefits management software includes market compensation analysis.

Get flexible compensation management software

Compensation management software needs to be able to handle complex calculations accurately. A flexible program allows you to establish groups at different compensation or benefit levels. With a more complex system, you want to be able to map and locate the information used to derive the calculations.

I recommend: Keep track of information with a good mapping system. Varicent.com provides a multi-pay setup that allows you to carry out changes across multiple groups. PROPHIX has features that include the ability to create multiple rule sets for different plans.

Use compensation planning software to develop, budget and control your plan

Planning for promotions, bonuses or merit increases helps you know what your company can afford and when. Employees expect to get raises and earn rewards for productivity and performance.

I recommend: Use Salary.com’s Web-based compensation plan software. Salary.com provides multiple compensation and benefit tools and you may request a demo to review the compensation software.