CompAnalyst vs Varicent

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Our analysts compared CompAnalyst vs Varicent based on data from our 400+ point analysis of Compensation Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Varicent Software Tool

Product Basics

CompAnalyst by Salary.com is a SaaS solution that offers datasets and features to optimize compensation plans and decisions. It helps companies leverage data and in-depth insights on salaries and employee payroll. It enables administrators to make informed payment decisions, analyze pay practices and manage end-to-end compensation process requirements.

It automates compensation survey participation, creates presentation-ready reports and models salary structures that align with organizational goals.
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Varicent is a software provider that helps industries boost productivity and workforce motivation through incentives and sales performance management. It has an experienced team and preeminent partners that enable organizations to improve performance and drive profitability. The company mainly offers two resources — Diversity and Gender pay apps and a scholarship program called E.D.G.E.

It provides automating calculations, analyzing incentive compensation plans, managing sales territory assignments, accessing real-time performance dashboards, handling transaction inquiries, establishing a workflow for collaboration and making evidence-based decisions. The offerings are also categorized based on the need, role and services for ease of access.
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Product Insights

  • Make Informed Decisions: Make equitable pay decisions using historical data and real-time reports of individual employees and departments. Project cash and workforce requirements to make short and long-term policies. 
  • Attract the Best Talent: Leverage employee engagement and compensation planning tools to position the organization as a valuable workplace. Attract talent by offering competitive packages and retaining top performers. 
  • Boost Organizational Growth: Improve employee performance and satisfaction while boosting business performance with insight-based decisions and optimized compensation. 
  • Promote Employee Engagement: Keep employees engaged with defined, tangible goals and promotion policies. Effectively managed employee records enable employers to automatically identify and filter suitable opportunities for employees. 
  • Ensure Data Security: Eliminate employee resentment and productivity disruptions by keeping compensation data confidential. Cloud-based servers ensure data privacy at all times and prevent internal or external data leaks. 
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  • Automate Calculations: Configure and schedule data imports to access transactions, products, customers and other data whenever needed. Schedule automated calculations to keep dashboards and reports updated and provide visibility to the sales team. Save money by reducing or eliminating under and overpayments. 
  • Streamline Sales Operations: Assign sales team quotas and optimally allocate the financial objectives to all sales channels and resources using the quota program. Effectively allot and communicate job expectations, planning and monitoring for better workflow and increased productivity. Plan and review payment actions and enforce policies around crediting eligibility. 
  • Identify Opportunities: Align corporate goals with sales methodologies and ensure sales efficiency. Predict future sales and direct the team accurately to meet the required quotas. Stay ahead of the competitors by discovering new opportunities via data recovery and augmented intelligence. 
  • Analyze Compensation Plans: Highlight and avoid abnormal results by tracking the outliers in the sales incentive compensation plans. View reports and compare the corporate strategy with the payout plan measures to ensure efficiency. Create model scenarios and check their effect on sales performance and payouts. 
  • Manage Sales Assignments: Manage sales assignments and quota targets by rep, account, product, geographic location or any other attribute. Create territory crediting rules to credit the right people and encourage fairness at work. Avoid missing market opportunities by identifying and realigning sales territory coverage gaps. 
  • Establish Workflows: Configure simple or complex workflows and routing processes. Automate payout calculations and quota relief to follow a routing process that requires review and approval by sales and finance leaders. Communicate compensation plans properly via a multi-level workflow and routing process. 
  • Track and Monitor Sales Performance: Manage all end-to-end processes using the integrated platform. Plan territories and quotas, improve revenue operations and pay sellers on time using the SPM solutions suite. 
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  • Market Datasets: Access reliable HR-reported compensation datasets that include survey catalogs and minimum wage and market data. Helps reduce data gaps by combining jobs to match organizational requirements. Enables administrators to market higher price jobs and industry-specific vacancies. 
  • Survey Management: Offers a centralized compensation data source library for survey management, conduct and analysis. Automatically engage in surveys using one-click export to third-party survey templates. 
  • Equity: Conduct detailed analysis of internal pay equity with external market trends using insights. Identify and eliminate equity challenges, flight risks and relevant insights to optimize employee compensation. Includes merit modeling and pay equity analytics. 
  • Pay Framework: Create, edit and structure model salaries. Helps manage pay policies across divisions, departments and job families. Utilize existing structures from the library or market data to create new pay structures in three clicks. Tools include job range and salary structure wizard. 
  • Communication: Share crucial payment data in the form of presentation-ready reports and charts with business leaders, managers and other stakeholders in one click. Offers total compensation statements, analytics and a customizable dashboard. 
  • Recruiting: Leverage recruiting tools to attract and retain the best talent. Includes reporting, labor forecasting and competitive compensation capabilities. 
  • Services:  
    • Onboarding: Leverage personalized setup, training resources, pricing services, comprehensive matching and automated data loading to facilitate system onboarding. 
    • Consulting: Access expert consultation for strategic insights and utilize data-driven tools that help make informed decisions. 
    • Survey Participation: Dedicated compensation professionals help optimize survey selection, data loading, employee participation, analysis and reporting in a few clicks. 
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  • Revenue Intelligence: Leverage revenue insights from marketing sources to improve forecasting accuracy and sales pipeline management. 
  • Real-Time Performance Dashboards: Create reports and dashboards for monitoring KPIs and staying consistent with business goals and objectives. Explore data patterns using augmented intelligence and get access to hidden insights and opportunities. 
  • Territory and Quota Planning: Assign and manage territory assignments and quota targets based on accounts, products, location or other attributes to minimize coverage gaps. 
  • Symon.ai: Enhance sales performance management with AI using symon.ai. Eliminate the need for data scientists by implementing flexible machine learning. 
  • Integrations: Integrate with other solutions to centralize data and align business processes. Connect to systems like CRM, HRIS, BI and more. Extract, transform and load data from other enterprise solutions using the Data Import Wizard. Save time and eliminate data entry errors by scheduling and automating data imports from external systems. 
  • Compensation Administration: Optimize incentive payout plans aligned with corporate strategies and objectives to motivate the sales team. 
  • Augmented Intelligence: Leverage artificial intelligence and natural language processing to automate responses to salesperson questions. Guide salespeople to their plan agreements and avoid confusion. Check the model regularly to prevent inaccurate compensation for specific sales transactions. 
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Product Ranking

#32

among all
Compensation Management Software

#43

among all
Compensation Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

CompAnalyst
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Budgeting And Forecasting Compliances Dashboard And Reporting Mobile Capabilities Platform And Security Capabilities Rewards And Recognition Salary And Pay Structure Management Variable Compensation And Incentives Management 59 63 100 76 72 25 84 33 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Great User Sentiment 12 reviews
Great User Sentiment 276 reviews
88%
of users recommend this product

CompAnalyst has a 'great' User Satisfaction Rating of 88% when considering 12 user reviews from 2 recognized software review sites.

89%
of users recommend this product

Varicent has a 'great' User Satisfaction Rating of 89% when considering 276 user reviews from 3 recognized software review sites.

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4.5 (120)
5.0 (2)
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4.5 (64)
4.25 (10)
4.4 (92)

Awards

SelectHub research analysts have evaluated CompAnalyst and concluded it earns best-in-class honors for Dashboard and Reporting.

Dashboard and Reporting Award

we're gathering data

Synopsis of User Ratings and Reviews

Accurate Salary Data: Users appreciate CompAnalyst's up-to-date and reliable salary data, which helps them make informed decisions about compensation.
User-Friendly Interface: Many users find the platform easy to navigate and use, making it simple to find the information they need.
Comprehensive Reporting: CompAnalyst offers detailed reporting features that allow users to analyze compensation trends and make data-driven decisions.
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Flexible and Customizable: Users appreciate that Varicent can be tailored to their organization's specific compensation processes, such as bonus calculations or merit increases.
User-Friendly Interface: Many users find the system easy to navigate and use, even for those who are not tech-savvy.
Improved Efficiency: Varicent automates many compensation-related tasks, which saves time and reduces errors.
Data Insights: The platform provides robust reporting and analytics features that help organizations make informed compensation decisions.
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Limited Customization: Users express frustration over the inflexibility of the platform, particularly when it comes to tailoring the software to their specific compensation processes.
Reporting Challenges: Extracting specific data or generating custom reports is reportedly cumbersome, limiting the ability to perform in-depth compensation analysis.
User Interface Issues: The user interface is considered by some to be outdated and not very intuitive, leading to a steeper learning curve and slower adoption by teams.
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Difficult to Use: Users have reported that Varicent can be difficult to use, especially for those who are not familiar with compensation management software. Some have found the interface to be clunky and unintuitive.
Limited Reporting Capabilities: Some users have expressed frustration with Varicent's reporting capabilities, finding them to be limited and inflexible. They've noted difficulty in creating custom reports or extracting specific data points.
Poor Customer Support: Several users have reported issues with Varicent's customer support. They've described slow response times and a lack of helpfulness in resolving technical issues.
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While CompAnalyst offers a robust set of features, user reviews from the past year reveal mixed sentiments. Users generally appreciate the depth of its market data, particularly its extensive database for benchmarking executive compensation, which proves invaluable for organizations looking to attract top-tier talent. The platform's ability to automate compensation workflows, such as merit modeling, also receives praise for streamlining processes and reducing manual effort. However, some users find the software's interface less intuitive than competitors like Lattice or Pave, leading to a steeper learning curve. Additionally, while CompAnalyst integrates with payroll and HR systems, some users report that the integration process can be cumbersome and requires significant IT involvement. Overall, CompAnalyst appears best suited for larger organizations with complex compensation needs and dedicated resources for implementation and training. Smaller businesses with limited budgets and simpler requirements might find more user-friendly and cost-effective solutions elsewhere.

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Is Varicent a variable you should consider for your compensation management needs? Recent user reviews suggest that while Varicent offers a comprehensive suite of features, it may not be the perfect fit for every organization. Users praise its robust customization options, allowing for tailoring to specific organizational needs, which is particularly beneficial for companies with complex compensation structures. However, some users find the interface less intuitive than competitors like Lattice, requiring more time for training and adoption. A key differentiator is Varicent's focus on sales performance management, with features like "clawback" calculations and pipeline-based earning projections, making it ideal for businesses with sales-driven compensation models. Ultimately, Varicent is best suited for larger enterprises with intricate compensation plans, particularly those heavily reliant on sales performance. Its strength lies in its ability to handle complex calculations and provide granular insights into sales compensation. However, organizations prioritizing user-friendliness and a more streamlined interface might find other solutions more appealing.

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