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COMPview vs SimplyMerit

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Our analysts compared COMPview vs SimplyMerit 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.

Overview Pricing Benefits & Features Analyst Ratings Comparison Charts User Ratings Analyst Summary Screenshots
COMPview Software Tool
SelectHub Award Winner
SimplyMerit Software Tool
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Product Basics

Analyst Rating

82 Detailed Analysis

User Sentiment

Excellent User Sentiment (88 Reviews)

Analyst Rating

75 Detailed Analysis

User Sentiment

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( Reviews)
COMPview is a cloud-based compensation management solution that streamlines and simplifies every part of the compensation cycle. Real-time data allows managers and HR professionals to make informed decisions when issuing salaries and awards. Identify top performers and retain staff by quickly calculating, recommending and approving allocations based on performance metrics.

Customize and configure budget and compensation models using in-house rules, goals and performance ratings to ensure equitable awards. Increase transparency, facilitate communication and motivate employees by publishing and viewing compensation statements online. It can handle the needs of businesses of any size and scale with company growth.
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SimplyMerit streamlines and optimizes the compensation process by eliminating the need to manage dozens of spreadsheets and keeping all documentation in a single digital location. Reduce human error and incorporate all necessary information with premade templates. Monitor and track award allocations with real-time data and approve, modify or reject recommendations.

Manage multiple merit cycles and timelines. Generate employee rewards statements and reports. Set alerts to remind managers to complete approvals and update all stakeholders via automated emails. Automatically track every update made to budgets and plans to simplify future audits.

Pros
  • Easy to use
  • Affordable
  • Good support
  • Wide features
  • Integrates well
 Cons
  • Limited reports
  • Not for large companies
  • Occasional bugs
  • Lacks some features
  • Limited customization
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$7,500 Annually
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$10,300 Annually
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Enhanced Efficiency and Accuracy: Automating compensation processes reduces the risk of errors and saves time, allowing HR teams to focus on strategic initiatives.
  • Improved Compliance: COMPview helps organizations adhere to complex compensation regulations and avoid costly penalties.
  • Data-Driven Decision Making: The software provides robust reporting and analytics capabilities, enabling informed compensation decisions based on real-time data.
  • Increased Transparency and Fairness: COMPview promotes transparency by providing employees with clear insights into their compensation and how it aligns with market benchmarks and internal equity.
  • Enhanced Employee Engagement and Retention: A well-managed compensation program can boost employee morale, motivation, and loyalty, leading to higher retention rates.
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  • Improved compensation fairness and transparency: SimplyMerit promotes fair and unbiased compensation practices by providing clear data and insights into employee performance and market trends.
  • Enhanced employee engagement and motivation: By recognizing and rewarding employee performance, SimplyMerit helps create a more engaged and motivated workforce.
  • Reduced administrative burden for HR and managers: With automated workflows and streamlined processes, SimplyMerit frees up time for HR and managers to focus on strategic initiatives.
  • Better talent acquisition and retention: A competitive and transparent compensation program attracts top talent and encourages high performers to stay with the company.
  • Improved financial performance: By optimizing compensation spend and aligning rewards with performance, SimplyMerit can lead to significant cost savings and improved financial performance.
  • Data-driven decision making: SimplyMerit provides valuable data and insights that can be used to make informed decisions about compensation strategy, talent management, and workforce planning.
  • Increased confidence in compensation decisions: With greater transparency and data-driven insights, managers and leaders can make more confident decisions about compensation.
  • Improved communication and collaboration: SimplyMerit provides a platform for open and transparent communication about compensation, leading to better understanding and collaboration between managers and employees.
  • Enhanced company culture: By focusing on fair and transparent compensation, SimplyMerit helps create a more positive and rewarding work environment for employees.
  • Reduced risk of legal challenges: By ensuring compliance with legal and regulatory requirements, SimplyMerit helps companies avoid costly legal challenges.
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  • Compensation Management: Simplify complex plans and oversee the entire compensation cycle from one location. Create and manage multiple salary, merit, bonus and equity plans, with accommodations for differences in rules, budgets and considerations. Pre-calculate employee awards using factors determined by HR and management. 
    • Multiple Currencies: Utilize talent worldwide by translating awards and compensation into 60 different currencies. 
    • Audits: Produce audit trails for every award and employee. Use prior audits to inform future decision-making. 
  • Performance Management: Quickly communicate with line managers to set or adjust employee expectations. Monitor the progress of all employees across multiple departments and geographic locations. Consult with a dedicated engagement manager to keep employees motivated to meet or exceed expectations. 
  • Real-time Data: Receive up-to-the-minute data regarding employee performance and awards allocation. Ensure fair pay practices and equitable distribution of rewards as they generate. 
  • Approval Hierarchies: Create approval hierarchies to ensure proper authorization of awards and continuation of workflows. Issue custom rules for each workflow. 
  • Report Generation: Generate customized reports and statements for each employee. Publish statements online to communicate rewards and allocations quickly. 
  • Third-party Integration: Integrate with other legacy systems and incorporate data from multiple streams, like HRIS, payroll and other financial platforms. 
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  • Compensation Management: Guide managers through every aspect of the compensation management cycle, from configuring and establishing budgets to final approvals. Manage and oversee salaries, bonuses, merit increases, pools, promotions and other payment types. Prorate plans for employees hired mid-year. HR administrators can set and change guidelines to best suit the needs of the business. 
  • Analytics: Leverage built-in analytics tools to identify biases, disparities, outliers and trends in payment. 
  • Multiple Currencies: Calculate conversion rates and manage reward allocations in multiple currencies. 
  • Information Templates: Speed up implementation and upload all necessary compensation information into the system with premade templates. 
  • Report Generation: Automatically generate total reward statements and other reports for each employee. 
  • Alerts: Set alerts and reminders to notify managers of upcoming approval and request deadlines. 
  • Automated Communication: Automatically email individual reward statements and adjustment letters to employees. All managers or administrators can view every update or comment throughout the system, so long as their position in the hierarchy exceeds that of the author. Instantly notify impacted managers of each request approval, change or rejection. 
  • Real-time Data: Provide managers with up-to-the-minute data to help them make informed decisions. Payments and award allocations are instantly updated to reflect how much of the allotted budget remains. 
  • Security: Set permissions to ensure only approved users can see, change or upload data. Track every change made to each compensation process and timeline. 
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Product Ranking

#77

among all
Compensation Management Software

#78

among all
Compensation Management Software

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Analyst Rating Summary

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93
67
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Compliances
Platform and Security Capabilities
Budgeting and Forecasting
Integrations and Extensibility
Platform and Security Capabilities

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

COMPview
SimplyMerit
+ Add Product + Add Product
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 93 100 67 53 96 63 83 78 67 63 56 71 93 50 83 78 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

88%
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User Sentiment Summary

Excellent User Sentiment 88 reviews
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91%
of users recommend this product

COMPview has a 'excellent' User Satisfaction Rating of 91% when considering 88 user reviews from 2 recognized software review sites.

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4.5 (68)
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4.7 (20)
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Awards

SelectHub research analysts have evaluated COMPview and concluded it deserves the award for the Best Overall Compensation Management Software available today and earns best-in-class honors for Budgeting and Forecasting and Compliances. COMPview stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

Analysts' Pick Award
User Favorite Award
Budgeting and Forecasting Award
Compliances Award

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Synopsis of User Ratings and Reviews

Streamlined Workflow: Users appreciate the ability to easily manage employee compensation, including salary planning, merit increases, and bonus payouts, all within a single platform. This eliminates the need for multiple spreadsheets or disparate systems, saving time and reducing the risk of errors.
Data-Driven Insights: COMPview provides users with robust reporting and analytics capabilities, enabling them to gain valuable insights into their compensation data. This information can be used to make informed decisions about salary adjustments, identify pay gaps, and ensure that compensation is aligned with market trends and company goals.
Compliance and Governance: The software helps organizations maintain compliance with relevant regulations and internal policies. It provides tools for tracking and managing employee compensation data, ensuring that all decisions are documented and auditable.
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Easy to use: Intuitive interface and simple workflows save time and effort.
Fairer compensation: Data-driven insights help ensure pay is fair and unbiased.
Engaged employees: Recognition and rewards programs motivate and improve morale.
Time-saving automation: Streamlined processes free up time for HR and managers.
Improved decision-making: Data-backed insights help make informed decisions about talent.
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Limited Functionality: Users have expressed frustration with the software's limitations in handling complex compensation structures and calculations, particularly for organizations with diverse employee roles and global operations.
Usability Challenges: The user interface has been criticized for being outdated and cumbersome, leading to a steep learning curve and decreased efficiency for HR professionals.
Integration Issues: Difficulties integrating COMPview with existing HR and payroll systems have been reported, resulting in data inconsistencies and manual data entry requirements.
Reporting Limitations: Users have noted a lack of flexibility and customization options in generating reports, hindering their ability to analyze compensation data effectively.
Customer Support: Some users have expressed dissatisfaction with the responsiveness and effectiveness of customer support, leading to delays in resolving technical issues and addressing user concerns.
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Limited reports: Lacks advanced reporting features for deeper insights.
Scalability concerns: May not handle large organizations efficiently.
Occasional bugs: Users encounter glitches and bugs sometimes.
Missing features: Certain desired functionalities are absent.
Limited customization: Less flexibility to tailor the platform to specific needs.
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COMPview has garnered positive feedback for its user-friendly interface and comprehensive compensation management features. Users appreciate the platform's intuitive design, which makes it easy to navigate and find the information they need. The software's ability to handle complex compensation structures, including base pay, bonuses, and equity, has also been praised. Additionally, users value the reporting and analytics capabilities, which provide insights into compensation trends and help ensure pay equity. However, some users have noted that COMPview can be slow at times, particularly when dealing with large datasets. Additionally, the software's customization options have been described as somewhat limited, which may be a concern for organizations with unique compensation needs. Compared to competitors like PayScale and Salary.com, COMPview offers a more robust set of features for managing employee compensation, but it may come at a higher cost. Overall, COMPview is well-suited for mid-sized to large organizations that require a comprehensive solution for managing employee compensation. Its user-friendly interface, robust features, and reporting capabilities make it a valuable tool for HR professionals and compensation analysts. However, organizations with limited budgets or highly specialized compensation needs may want to consider alternative solutions.

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SimplyMerit is generally praised for its user-friendly interface, data-driven approach to compensation, and time-saving capabilities. Users report that it is easier to use and improves fairness and transparency in compensation compared to other platforms like Workday or Cornerstone OnDemand. Additionally, the automated workflows free up HR professionals' time, allowing them to focus on more strategic tasks. However, some users point out that reports lack depth and customization options are limited compared to competitors. Additionally, concerns around scalability and the occasional bug are mentioned. Overall, SimplyMerit seems to offer a strong value proposition for smaller companies or those seeking a simple and efficient compensation solution. However, companies with complex needs or large employee populations might find its limitations frustrating.

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Screenshots

Top Alternatives in Compensation Management Software

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CompTrak
CompXL
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SimplyMerit
TalentComp
Unit4 Compensation Planning
Willis Towers Watson
Xactly Incent

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Head-to-Head Comparison

COMPview VS CompAnalyst
COMPview VS CompLogix
COMPview VS CompTrak
COMPview VS CompXL
COMPview VS Compease
COMPview VS Compport
COMPview VS PayScale
COMPview VS SimplyMerit
COMPview VS Willis Towers Watson
COMPview VS Xactly Incent

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