PayScale vs COMPview

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Our analysts compared PayScale vs COMPview 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.

Product Basics

PayScale is a management tool that helps employers and employees understand what the right pay for a specific position should be. It provides a unique matching algorithm. It offers inclusions and resources to meet the unique needs of every business. Resources for unique roles are also available for professionals, employees, executives, HR leaders and people managers.

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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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Product Insights

  • Enhanced Compensation Planning: PayScale facilitates data-driven compensation planning, enabling organizations to develop competitive and equitable pay structures.
  • Improved Employee Retention: By ensuring fair and competitive compensation, organizations can foster higher employee satisfaction and reduce turnover rates.
  • Streamlined Performance Management: PayScale's tools help align employee performance with compensation, promoting a culture of meritocracy and accountability.
  • Data-Driven Decision Making: Access to comprehensive compensation data empowers HR professionals and leaders to make informed decisions regarding pay, benefits, and rewards.
  • Increased Transparency: PayScale promotes transparency in compensation practices, fostering trust and open communication between employers and employees.
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  • 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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  • Advanced Search: Filter search results based on job title, company, degree, certification, skill, industry or school and get detailed information through salary research. 
  • Development Resources: Calculate cost of living in different cities, find out the right pay for a role using the career path planner and negotiate for better pay using articles from career and finance experts. 
  • Market Match: Generate compensation reports through the Market Match algorithm. Discover factors affecting the compensation for a role, and find the right match for a specific role using report data. 
  • Data Collection: Collect important data insights and reports using salary comparisons for people with similar skill sets and work experience. Explore how certain factors such as moving to a different place, promotion, learning and more can affect compensation. 
  • Data Standardization: Maintain data point consistency and accuracy and standardize data by comparing compensation data with external sources. The data is strongly correlated with other external sources. Describe and allocate price positions, defining type, size of the organization and skills required for the position. 
  • Reporting and Analysis: Get access to extensive analytics about an organization. Keep track of salary records and see if employee compensation matches market standards, adjust salaries, identify and avoid flight risks, and prepare compensation statements and reports. 
  • API and Data Licensing: Access global compensation data, including the world's largest database with 55 million profiles via an API.
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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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Product Ranking

#9

among all
Compensation Management Software

#77

among all
Compensation Management Software

Find out who the leaders are

Analyst Rating Summary

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82
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93
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89
67
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Rewards and Recognition
Dashboard and Reporting
Mobile Capabilities
Platform and Security Capabilities
Compliances
Platform and Security Capabilities
Budgeting and Forecasting
Integrations and Extensibility

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

PayScale
COMPview
+ 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 74 81 89 88 86 100 76 78 93 100 67 53 96 63 83 78 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

38%
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62%
88%
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12%

User Sentiment Summary

Great User Sentiment 201 reviews
Excellent User Sentiment 88 reviews
85%
of users recommend this product

PayScale has a 'great' User Satisfaction Rating of 85% when considering 201 user reviews from 3 recognized software review sites.

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.

4.3 (153)
4.5 (68)
4.0 (25)
4.7 (20)
4.3 (23)
n/a

Awards

SelectHub research analysts have evaluated PayScale and concluded it earns best-in-class honors for Mobile Capabilities and Rewards and Recognition.

Mobile Capabilities Award
Rewards and Recognition Award

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

Synopsis of User Ratings and Reviews

Compensation Data and Insights: PayScale provides users with up-to-date and reliable compensation data, including salary ranges, benefits information, and market trends for various job roles and industries. This data helps organizations make informed decisions about employee compensation, ensuring they remain competitive in the market.
Compensation Benchmarking: PayScale's platform allows users to benchmark their compensation packages against industry standards and competitors. This feature helps organizations identify any gaps in their compensation structure and make necessary adjustments to attract and retain top talent.
Salary Negotiation Tools: PayScale offers tools and resources to assist both employers and employees in salary negotiations. These tools provide valuable insights into market rates and help ensure fair and competitive compensation packages.
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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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Limited Customization: PayScale's compensation management tools may not offer the level of customization required by larger organizations or those with complex compensation structures. For instance, it might be challenging to incorporate nuanced compensation elements like regional variations or industry-specific benchmarks.
Data Accuracy Concerns: The accuracy of PayScale's data has been questioned by some users, particularly for niche roles or specialized industries. This is because the platform relies heavily on self-reported data, which can be subject to biases and inaccuracies.
Usability Challenges: Some users find PayScale's interface to be less intuitive and more cumbersome compared to other compensation management platforms. Navigating through the platform and accessing specific features can sometimes be a bit clunky, impacting overall user experience.
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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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PayScale has garnered positive feedback for its comprehensive compensation data and user-friendly interface, making it a valuable tool for organizations seeking reliable market insights. Users appreciate the platform's ability to provide detailed salary reports, allowing them to benchmark employee compensation against industry standards and ensure competitive pay practices. The platform's intuitive design and ease of use have also been commended, enabling HR professionals to efficiently navigate the system and access relevant information. However, some users have noted that PayScale's data may not always be as granular or specific as desired, particularly for niche industries or specialized roles. Additionally, the platform's pricing structure has been a point of contention for some smaller organizations, as the cost can be prohibitive depending on their size and needs. Compared to similar products, PayScale stands out for its extensive database and focus on compensation data. While other HR software solutions may offer broader functionality encompassing various aspects of human capital management, PayScale's specialization in compensation analytics provides a distinct advantage for organizations prioritizing accurate and up-to-date salary information. This focus allows PayScale to deliver in-depth market insights and benchmarking capabilities that are crucial for attracting and retaining top talent. Consequently, PayScale is particularly well-suited for mid-sized to large organizations with complex compensation structures and a need for reliable market data to inform their compensation strategies. The platform's robust features and comprehensive data sets empower HR teams to make data-driven decisions regarding employee compensation, ensuring both internal equity and external competitiveness.

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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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