Pave vs SimplyMerit

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Our analysts compared Pave 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.

Pave Software Tool
SimplyMerit Software Tool

Product Basics

Pave is a cloud-based platform designed to simplify and streamline compensation management processes for businesses of all sizes. Its core functionalities include salary benchmarking, compensation planning, budget management, performance reviews, and reward programs. Pave caters primarily to companies seeking to optimize their compensation structure, ensure internal fairness, and attract and retain top talent. Its intuitive interface, robust data analysis tools, and automated workflows offer several key benefits, such as improved decision-making, increased transparency, and reduced administrative burden. Popular features include job-level salary comparisons, market data integration, performance-based bonus calculations, and customizable compensation reports. User feedback suggests that Pave excels in usability and data-driven insights, but some users express limitations regarding customization options and advanced reporting capabilities. Pave's pricing starts at a monthly subscription fee and scales based on the number of employees and additional features. This transparent pricing model allows businesses to choose a plan that fits their specific needs and budget.

Pros
  • Easy-to-use interface
  • Data-driven insights
  • Improved decision-making
  • Increased transparency
  • Reduced administrative burden
Cons
  • Limited customization options
  • Basic reporting capabilities
  • Occasional bugs and glitches
  • Learning curve for new users
  • Limited customer support options
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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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$799 Monthly
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Tailored to your specific needs
$10,300 Annually
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Tailored to your specific needs
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Mobile

Product Assistance

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Email
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Knowledge Base
24/7 Live Support
Email
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24/7 Live Support

Product Insights

  • Improved Decision Making: Gain data-driven insights into salary benchmarks, market trends, and internal compensation data to make informed decisions about compensation strategy.
  • Increased Transparency: Empower employees with clear and concise information about their compensation through personalized dashboards and self-service tools, promoting trust and open communication.
  • Reduced Administrative Burden: Automate time-consuming tasks like salary reviews, performance evaluations, and budget management, freeing up HR professionals to focus on strategic initiatives.
  • Enhanced Talent Acquisition and Retention: Attract and retain top talent by offering competitive compensation packages informed by real-time market data, leading to a more engaged and productive workforce.
  • Cost Optimization: Identify and address potential pay gaps and ensure internal equity, optimize compensation budgets, and reduce unnecessary costs associated with outdated or inefficient compensation practices.
  • Compliance and Audit Support: Stay compliant with ever-changing compensation regulations and simplify audit processes with comprehensive reporting and data-driven documentation.
  • Scalability and Flexibility: Adapt to changing business needs and workforce demographics with a flexible platform that can accommodate growth and diverse compensation structures.
  • Data Security and Privacy: Ensure the security and privacy of sensitive employee data with robust data encryption and access controls, complying with industry standards and regulations.
  • Improved Employee Satisfaction: Promote a positive workplace culture by fostering transparency, fairness, and recognition through a well-defined and communicated compensation structure.
  • Continuous Improvement: Access ongoing support, expert guidance, and data-driven insights to continuously refine your compensation strategy and maximize its impact on your business.
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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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  • Salary Benchmarking: Access real-time salary data for specific roles, levels, and locations to ensure competitive compensation packages.
  • Compensation Planning & Budgets: Set strategic compensation goals, manage budgets effectively, and forecast future talent costs with accuracy.
  • Merit Cycle Management: Streamline performance reviews, facilitate goal setting, and manage bonus calculations with ease.
  • Total Rewards Communication: Create personalized and visually appealing reward letters that effectively communicate the full value of employee compensation packages.
  • Self-Service Tools: Empower employees with self-service dashboards and functionalities to access compensation data, benefits information, and total rewards statements.
  • Integrations: Integrate seamlessly with existing HRIS, payroll, and ATS systems for effortless data synchronization and streamlined workflows.
  • Equity Management: Manage stock option grants, track vesting schedules, and visualize equity value for employees.
  • Customizable Reports & Dashboards: Generate tailored reports and personalized dashboards to gain insights into key compensation metrics and trends.
  • Data Security & Access Control: Secure employee data with robust encryption and implement role-based access controls for enhanced security and privacy.
  • Automated Workflows: Automate repetitive tasks like salary reviews, merit increases, and bonus calculations, saving time and resources.
  • Real-Time Data & Analytics: Gain instant access to up-to-date compensation data and leverage powerful analytics tools to make informed decisions.
  • Global Payroll & Compliance: Manage complex global payroll requirements and ensure compliance with relevant regulations across diverse locations.
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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

#11

among all
Compensation Management Software

#78

among all
Compensation Management Software

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Analyst Rating Summary

66
75
56
67
25
63
54
56
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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Pave
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 56 25 54 15 80 63 82 78 67 63 56 71 93 50 83 78 0 25 50 75 100
50%
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50%
60%
0%
40%
33%
0%
67%
67%
0%
33%
56%
0%
44%
56%
0%
44%
14%
0%
86%
57%
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43%
73%
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27%
93%
0%
7%
63%
0%
37%
50%
0%
50%
79%
0%
21%
79%
0%
21%
78%
0%
22%
78%
0%
22%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

63%
0%
37%
75%
0%
25%

Synopsis of User Ratings and Reviews

Streamlined Compensation Management: Pave simplifies the entire compensation process, from data collection and analysis to budget planning and salary reviews.
Data-Driven Insights: Gain valuable insights into your compensation data with comprehensive reports and dashboards. Identify trends, analyze pay equity, and make informed decisions.
Improved Efficiency: Automate manual tasks and eliminate spreadsheets with Pave's automated workflows and integrations.
Increased Transparency: Provide employees with clear and consistent information about their compensation through self-service portals and personalized reports.
Scalability and Flexibility: Pave adapts to the needs of growing organizations with its scalable architecture and flexible configuration options.
Excellent Customer Support: Receive dedicated support from Pave's team of experts to ensure a smooth implementation and ongoing success.
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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 Customization Options: While Pave offers a good range of features, some users find the customization options to be limited, particularly for complex compensation structures.
Learning Curve: The initial setup and configuration of Pave can be complex, requiring some time and effort to learn the platform.
Limited Reporting Capabilities: While Pave offers basic reporting features, some users find them to be insufficient for their needs, requiring additional tools for advanced reporting.
Integration Challenges: Some users have reported challenges integrating Pave with their existing HR systems, requiring additional technical support.
Cost: Pave can be expensive for smaller organizations, especially compared to some of its competitors.
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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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Overall, user reviews of Pave are generally positive, praising its ability to streamline compensation management and provide valuable data-driven insights. Users highlight its ease of use, automation capabilities, and improved transparency as key strengths, especially compared to manually managing spreadsheets. However, some users find the customization options limited and the initial setup process somewhat complex. One user noted, "Pave has completely transformed our compensation process. It's so much easier to manage data, analyze trends, and make informed decisions. Plus, our employees now have greater access to information about their compensation, which has boosted morale and engagement." Another user commented, "Initially, the learning curve was a bit steep, but the support team was amazing and helped us get up and running quickly. Now, we couldn't imagine managing compensation without Pave." While users appreciate Pave's core functionalities, some express concerns over its limited flexibility. Some users found it challenging to adapt Pave's features to their specific needs and felt it lacked the customization options available in competing products like BetterUp or Lattice. Additionally, some reviewers mentioned initial integration difficulties with existing HR systems, requiring further support and effort. Despite these limitations, users acknowledge that Pave sets itself apart by prioritizing data security and offering excellent customer support. One user commented, "We were hesitant to move our data to a cloud-based platform, but Pave's commitment to security gave us peace of mind. Knowing our data is safe and secure is paramount to us." Another user added, "The Pave team has been incredibly responsive and helpful throughout our entire experience. They're always available to answer questions and provide guidance, which makes a huge difference." Ultimately, user reviews suggest that Pave is a valuable tool for organizations seeking to streamline compensation management and gain data-driven insights. While some limitations exist, users emphasize the platform's ease of use, automation capabilities, and robust data security. However, organizations with highly complex compensation structures or specific customization needs may find competing solutions more suitable.

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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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