Name: HRSoft Compensation Management
Rating: 4.4 (32 reviews)

Overview

Product Information on HRSoft Compensation Management

Updated 17th April 2023

What is HRSoft Compensation Management?

HRSoft COMPview allows organizations to manage the entire compensation lifecycle of complex compensation plans by systematically guiding and controlling calculation and allocation of merit, bonus and equity awards that drive employee engagement, performance and retention. Functionality Includes: -Defining, overseeing and controlling the entire compensation cycle from budget modeling to award allocations within different rules and budgets to employee communication. -Ability for line managers to make more strategic award decisions based on performance and potential. -Provides HR with real-time visibility into decisions being made on an employee-by-employee basis. -Review award recommendations, model changes and make mass updates before completing final award approvals with HRSoft’s Modeling Tool. -Publish and view employee compensation statements online, communicating new awards at the right time for each employee -Manages global currencies

Overall experience with HRSoft Compensation Management

Human Resources

Gov't/PS/ED <5,000 Employees, Education

FAVORABLE

“Streamlining Compensation Cycles with HRsoft”

4.0

Feb 7, 2025

HRsoft it is helps to streamline the whole compensation cycle, within the organisation.It enables the effective to allocate and manages the different compensation component to ensure the organisational goal.

HRIS Manager

500M - 1B USD, Manufacturing

CRITICAL

“Struggling with Maintenance During Comp Cycle Due to No API Integrations”

3.0

Jul 2, 2024

Overall the product does what it is supposed to do. Its not the easiest to maintain during a comp cycle since there are no API integrations with our HRIS.

About Company

Company Description

HRSoft's global compensation-focused product portfolio was designed to help teams handle the critical aspects of compensation lifecycle management. HRSoft's solutions help organizations streamline their compensation processes and provide transformational improvements in process, including pay-for-performance, pay equity analysis, and total rewards communication. HRSoft has integrations to every major HRIS provider, enabling organizations of all sizes to leverage their existing investment, eliminating manual processes, strategically rewarding employees, and providing executive teams with data and people analytics transparency.

Company Details

Company type

Private

Year Founded

2012

Head office location

3513 Brighton Boulevard, Suite 220, Denver, United States

Number of employees

51 - 200

Annual Revenue

<50M USD

Website

www,hrsoft.com

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Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Reviewer Insights for: HRSoft Compensation Management

Performance of HRSoft Compensation Management Across Market Features

HRSoft Compensation Management Likes & Dislikes

It is very usefull for the long term incentive plan for the betterment into the orgainsation, also help for the total compensation planning. And also give the clarity of the pay for the performance for the individual into the orgarnisation. It also maintain the reward and recognition into the organsation.

Quick response time from our HRSoft team. It does the job we need it to do. Weekly meetings during testing and go-live.

I like this software because it makes compensation planning easy and organized. Real-time analytics are really useful for understanding pay trends, and the budgeting tools help keep everything on track. It also makes linking performance to compensation, which is great for rewarding employees fairly

1. It is very expensive. 2.It is very complex to understand also need deep knowledge of the same. 3.There is limited flexibilty for the customisation of the compesation component.

No API integration with HRIS. Thus, must manually enter new hires, job changes, terminations that take place during the comp cycle. Have to add new job codes manually after go-live. The OTP is a mess. It causes issues every year. There must be an integration of some sort, on-going throughout the comp cycle, for us to continue using this product.

This software can be hard to set up at first. There aren't a lot of options to change things around, so it might not fit every company's needs. The interface could also be easier to use

Top HRSoft Compensation Management Alternatives

Peer Discussions

HRSoft Compensation Management Reviews and Ratings

Recommended Gartner Insights

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Gov't/PS/Ed

Education

Review Source

Streamlining Compensation Cycles with HRsoft

Development Manager

IT Services

HRSoft: An Effective Tool in Streamlining Compensation Management

Jan 15, 2025

HRSoft compensation management is a very useful and great tool for handling compensation planning. IT makes managing salary increases, bonuses and other performance-based rewards much easier. Overall it's and effective platform for managing compensation efficiently

50M-1B USD

Manufacturing

Struggling with Maintenance During Comp Cycle Due to No API Integrations

MANAGER, HR OPERATIONS

1B-10B USD

Services (non-Government)

Excellent Product and the Implementation Team was fantastic

5.0

After multiple implementations in the last 5 years, HR Soft was the best implementation we had in level of support, ease of system set up and engagement of use.

SENIOR COMPENSATION MANAGER

Software

HRsoft's New Look: Perspectives on the Recent Platform Upgrade

We have been using HRsoft for a few years now. This year the platform was upgraded and I liked the new look, reporting and dashboard. However, the new landing page dashboard did take quite a few consultation hours to customize.

Overview

Product Information on HRSoft Compensation Management

What is HRSoft Compensation Management?

HRSoft Compensation Management Pricing

HRSoft Compensation Management Product Images

Overall experience with HRSoft Compensation Management

“Streamlining Compensation Cycles with HRsoft”

“Struggling with Maintenance During Comp Cycle Due to No API Integrations”

About Company

Company Description

Company Details

Key Insights

A Snapshot of What Matters - Based on Validated User Reviews

Reviewer Insights for: HRSoft Compensation Management

Performance of HRSoft Compensation Management Across Market Features

HRSoft Compensation Management Likes & Dislikes

Top HRSoft Compensation Management Alternatives

Peer Discussions

HRSoft Compensation Management Reviews and Ratings

Recommended Gartner Insights

About Company

Company Description

Company Details

Reviewer Insights for: HRSoft Compensation Management

Performance of HRSoft Compensation Management Across Market Features

HRSoft Compensation Management Likes & Dislikes

Top HRSoft Compensation Management Alternatives

HRSoft Compensation Management Reviews and Ratings

Streamlining Compensation Cycles with HRsoft

HRSoft: An Effective Tool in Streamlining Compensation Management

Struggling with Maintenance During Comp Cycle Due to No API Integrations

Excellent Product and the Implementation Team was fantastic

HRsoft's New Look: Perspectives on the Recent Platform Upgrade

4.4

(32 Ratings)

Rating Distribution

Customer Experience

Product Capabilities

1. beqom Compensation Management

2. Payfactors

3. CaptivateIQ