Home > Compensation Management Software > Salary.com > Salary.com vs CompTrak

Salary.com vs CompTrak

Last Updated: November 18th, 2024

Our analysts compared Salary.com vs CompTrak 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.

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Product Basics

Salary.com is a compensation suite. It helps companies manage compensation expenditures using real-time analytics. Provides a reliable record of employee pay levels, best practices, trends and policies related to compensation processes.

Experienced teams help businesses understand the industry to suit business needs. Integrated with actionable content, it helps users make better decisions about payments, recruiting and retaining top talent.

CompTrack helps HR administrators and managers oversee every aspect of their compensation process from end to end. Eliminate the need for paper spreadsheets and keep all data and documents in one central, digital location. Streamline workflow and facilitate efficient communication between all stakeholders. Customize dashboards, statements and guidelines to suit the specific needs of the company, department or individual.

Automate tasks to increase efficiency, eliminate errors and allow managers to focus on more critical projects. All stakeholders can access the cloud-based solution via a computer or compatible mobile device from anywhere in the world. Suitable for organizations of all sizes and scalable to fit the demands of a growing company.

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$500 Monthly, Quote-based

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Product Insights

Make Better Decisions: Get detailed data insights and make pay decisions with confidence. Quickly and accurately price jobs while analyzing compensation pay practices. Explore new intersections between market, company and employee data using enhanced data integrations. Access important information using powerful tools and streamlined workflows.
Maintain Salary Structures: Accurately reflect and manage pay practices across job families, departments or divisions. Visualize proposed structure changes using flexible modeling tools.
Streamline Communications: Communicate critical pay data to managers and business leaders with presentation-ready reports. Ensure accurate pay conversations.
Build Global Compensation Programs: Use HR-reported, high-quality data validated by experts to build and support global compensation programs.
Leverage Comprehensive Databases: Instantly find minimum wage data for tipped and non-tipped employees across the US. Assess planned changes in minimum wage based on future dates. Identify how company size, location or industry affects minimum wages across the US.

Enhanced Accuracy: Reduces errors in compensation calculations by automating complex processes, ensuring precise payouts.
Time Efficiency: Streamlines administrative tasks, freeing up HR professionals to focus on strategic initiatives rather than manual data entry.
Data-Driven Decisions: Provides comprehensive analytics and reporting tools, enabling informed decision-making based on real-time data.
Compliance Assurance: Ensures adherence to regulatory requirements and company policies, minimizing the risk of legal issues.
Employee Satisfaction: Enhances transparency and fairness in compensation, leading to higher employee morale and retention rates.
Scalability: Adapts to the growing needs of your organization, whether you have 50 or 5,000 employees, without compromising performance.
Customizability: Offers flexible configuration options to tailor the system to your specific compensation structures and business rules.
Integration Capabilities: Seamlessly integrates with existing HR and payroll systems, ensuring a unified and efficient workflow.
Cost Savings: Reduces administrative overhead and potential financial losses from errors, contributing to overall cost efficiency.
Security: Employs robust security measures to protect sensitive compensation data, ensuring confidentiality and integrity.
Employee Empowerment: Provides self-service portals for employees to view their compensation details, fostering a sense of ownership and trust.
Performance Alignment: Links compensation to performance metrics, promoting a culture of meritocracy and motivating employees to excel.
Global Reach: Supports multi-currency and multi-language functionalities, making it suitable for multinational organizations.
Audit Trail: Maintains detailed records of all compensation-related activities, facilitating easy audits and accountability.
Real-Time Updates: Offers instant updates and notifications, keeping all stakeholders informed and aligned with the latest compensation changes.

Customization: Customize it to accommodate unique business processes. Create new fields, objects and workflows and assign review tasks to attain streamlined processes.
Automation: Automate workflows by setting triggers and alerts that notify the right people to take action when needed. Maintain compliances per state mandates and federal regulations using built-in compliance features. Automate identification and flagging of unauthorized access and behavior.
Global Access: Leverage location profiles, an automated currency converter tool and multiple language options to maintain and configure compensation globally.
Data Management: Arrange and manage compensation data by creating compensation hierarchies and providing managers with relevant team information. Import, export and access compensation data within the system.
Mobile Accessibility: Access it on mobile devices, receive reports and alerts, and create compensation rewards, packages and allowance plans with specific components and notifications.
Compensation Structuring: Plan and structure compensation pools and hierarchies, including fixed and variable amounts.
Integration: Integrate APIs and specify how the software interacts with other solutions.
Progress Reports: Create compiled and detailed reports of compensation data using trends and graphics from analytics dashboards. Use analytical tools to track important business metrics and progress.
Collaborative Dashboard: Use the centralized dashboard to interact and collaborate with other users.
Data Sharing: Distribute and share content across job boards, social media, and websites.
CompAnalyst: Leverage CompAnalyst to create, edit and model salary structures. Create new structures based on market data or an existing library structure.

Compensation Management: Manage and simplify all aspects of the compensation cycle. Utilize multiple reward types, such as salary, bonus, commission, merit and long-term incentives across multiple years, equity and deferral programs. Create specific guidelines and goals for individual employees. Ensure all allocations are equitable and free of bias. Automate tasks and data collection to optimize the workflow.
- Scenario Modeling: Utilize the scenario modeling module to review, analyze and simulate allocations. Manage multiple types of bonus payment plans, such as discretionary, formulaic or performance-based.
- Promotions Management: Oversee the entire promotions process from nominations to approval and notification. Customize eligibility requirements to ensure only qualified employees are nominated. Send personalized communications to successful candidates.
- Historical Tracking: Automatically generate an audit log tracking changes or updates to the compensation process.
Performance Management: Create and assign goals and objectives at the corporate, team or individual level. Produce comprehensive statements to illustrate how an individual’s performance impacts them, the department and the company. Keep employees informed and engaged throughout the year with milestone and goal updates. Utilize self-assessments to aid evaluation of employee and manager performance.
Statement Generation: Generate dynamic, interactive total rewards statements to show employees the value of their complete compensation package and which specific awards their eligible to receive. Employees can access statements online securely, with single sign-on via ADFS. Ensure reports are only accessible to authorized persons by configuring roles and groups. Export statements as PDFs with company marketing.
Customizable Dashboards: All key stakeholders have access to customizable dashboards with real-time data, like pool allocation and totals, to get a holistic view of the compensation plan and make informed business decisions. Tailor dashboards to display only the information valuable to the individual user. Set alerts for pending requests, recommendations, approvals and deadlines.
Global Capabilities: Manage workforces across the globe using multiple languages, currencies, exchanges and real-time FX rates. Set governance and audit requirements based on regional laws and regulations.
Third-party Integration: Integrate with legacy or preferred third-party platforms to automatically pull data from core HRIS or performance management systems.

Product Ranking

#15

among all
Compensation Management Software

#70

among all
Compensation Management Software

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Analyst Rating Summary

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User Sentiment Summary

88%

of users recommend this product

Salary.com has a 'great' User Satisfaction Rating of 88% when considering 231 user reviews from 3 recognized software review sites.

94%

of users recommend this product

CompTrak has a 'excellent' User Satisfaction Rating of 94% when considering 10 user reviews from 1 recognized software review sites.

4.4 (224)

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4.7 (10)

5.0 (2)

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4.4 (5)

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Awards

Synopsis of User Ratings and Reviews

Customer Support: About 90% of the reviews about support said the vendor provides friendly, responsive and helpful customer support.

Customizable Dashboards: Approximately 88% of reviewers said it is easy to customize dashboards, visuals and widgets as per their requirements.

Reliable Data Insights: Nearly all reviewers agreed that its analysis and data collecting tools are highly reliable and relevant. Reviewers reported that numerous outside surveys could also be uploaded into the tool for accurate executive compensation market pricing.

Functionality: About 63% of reviewers said the system contains useful and customizable features such as minimum wage tool, relo wizard, hot jobs, geo differentials, matched jobs and more to streamline the salary distribution process.

Collaboration: Almost all reviewers that mentioned collaboration said teams could collaborate on benchmarking roles and finding accurate job matches through effective data sharing.

Reporting and Analysis: According to 80% of reviewers, reports are easy to generate and provide updated market data.

Knowledge and Training: As per 63% of reviewers, the system has a big learning curve. However, the vendor provides sufficient training guides and customer support.

Intuitive Interface: Users praise CompTrak for its user-friendly design, making it easy to navigate and find the information they need. Many highlight its straightforward layout and logical flow.

Robust Reporting: CompTrak's reporting capabilities are a major plus for users. They appreciate the ability to generate a wide range of reports, including salary surveys and compensation analyses, with customizable options to tailor the data to their specific needs.

Efficient Performance Management: CompTrak streamlines the performance review process, allowing users to easily track employee goals, provide feedback, and manage compensation adjustments based on performance. This feature is particularly valuable for organizations focused on performance-based rewards.

Implementation: Most reviewers said that implementation is confusing, complex and requires sufficient training before users can leverage all features.

Speed: According to most reviewers who mentioned speed, the system can be slow with numerous bugs and errors.

Location-Based Data: Nearly 53% of reviewers believe the system dashboard could be improved by adding more location-specific features and compensation models.

Difficult to Use: Users have reported that the software can be difficult to navigate and use, especially for those who are not familiar with compensation management software.

Limited Functionality: Some users have expressed that CompTrak lacks certain features and functionalities that are commonly found in other compensation management software, limiting its ability to meet all their needs.

Poor Customer Support: There have been complaints about the quality of customer support provided by CompTrak, with users experiencing delays or unhelpful responses when seeking assistance.

Is Salary.com worth its salt when it comes to compensation management? User reviews from the past year paint a mixed picture. Some users praise Salary.com for its comprehensive data and analytics, highlighting its ability to provide real-time insights into salary trends and benchmarks. For instance, users mention how the platform helps them understand industry standards and make informed decisions about employee compensation, ensuring their pay practices are competitive. However, other users express frustration with the platform's complexity and clunky interface, finding it difficult to navigate and utilize all its features effectively. This suggests that while Salary.com offers a robust set of tools, its user experience could be more intuitive, especially for those new to compensation management. A key differentiator for Salary.com, according to users, is its integration with expert services. This means businesses can access personalized guidance and support from compensation professionals, which can be invaluable for navigating complex pay structures and ensuring compliance. However, some users find the pricing for these additional services to be prohibitive, particularly for smaller businesses with limited budgets. Overall, Salary.com appears to be best suited for larger organizations with dedicated compensation teams who can fully leverage its comprehensive data and analytics capabilities. Smaller businesses may find its complexity and cost to be a barrier, potentially benefiting from a more streamlined and affordable solution.

Is CompTrak truly on the right track when it comes to compensation management? Recent user reviews suggest that CompTrak is a powerful tool for managing compensation, but it may not be the best fit for every organization. Users praise CompTrak for its robust features, particularly its ability to handle complex compensation plans and automate tasks like calculating bonuses and equity grants. This has allowed companies to streamline their compensation processes and reduce the risk of errors. However, some users have noted that CompTrak's user interface can be clunky and difficult to navigate, especially for new users. Additionally, some have expressed concerns about the level of customer support provided. Compared to competitors like Lattice, which integrates performance management with compensation, CompTrak focuses primarily on compensation management. This makes it a good choice for organizations that need a dedicated tool for this purpose but may not be ideal for those seeking an all-in-one HR solution. Overall, CompTrak seems best suited for larger organizations with complex compensation needs and the technical expertise to navigate its interface. Smaller businesses or those looking for a more user-friendly platform might find other options more suitable.

Screenshots

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FAQ

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