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HRSoft Compensation Management Reviews & Product Details

HRSoft Compensation Management Overview

What is HRSoft Compensation Management?

HRSoft's Compensation Management is a comprehensive software solution designed to streamline and enhance the entire compensation cycle for organizations. This platform empowers HR professionals and line managers to effectively manage compensation planning, ensuring that compensation strategies align with organizational goals and employee performance metrics. Targeted HR departments and organizational leaders, HRSoft's Compensation Management is particularly beneficial for companies looking to optimize their compensation processes. It serves a variety of use cases, from budget modeling and salary planning to employee communication and performance-based compensation adjustments. By providing a centralized system for managing compensation data, this solution facilitates informed decision-making and enhances transparency throughout the organization. One of the key features of HRSoft's Compensation Management is its ability to establish customizable rules for various compensation plans. This flexibility allows organizations to tailor their compensation strategies to meet specific business needs and employee expectations. Additionally, the platform enables users to initiate and manage the compensation process collaboratively with line managers, fostering a more inclusive approach to compensation planning. This collaboration ensures that managers can provide valuable insights into employee performance, which can be directly reflected in compensation decisions. Another significant advantage of this software is its capability to pre-calculate awards based on predetermined factors. This feature not only saves time but also reduces the potential for errors in compensation calculations. By automating these processes, HRSoft's Compensation Management allows HR teams to focus on strategic initiatives rather than administrative tasks. Furthermore, the platform's user-friendly interface ensures that both HR professionals and line managers can navigate the system with ease, enhancing overall efficiency. Overall, HRSoft's Compensation Management stands out in its category by offering a robust set of features that address the complexities of compensation planning. Its emphasis on collaboration, customization, and automation makes it a valuable tool for organizations seeking to improve their compensation strategies and enhance employee satisfaction. By leveraging this solution, companies can create a more equitable and performance-driven compensation environment, ultimately contributing to their long-term success.

HRSoft Compensation Management Details
Product Website
Languages Supported
English, French, Spanish
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Product Description

COMPview simplifies compensation and budget decisions to make the entire process more accurate and efficient.

How do you position yourself against your competitors?

• A standalone compensation solution that integrates seamlessly with your existing technology platform, and that simplifies your compensation planning and award process no matter how many plans you have, how complex the plans are, and no matter how many countries and currencies you need to manage;

• Allows for both award and ongoing communication to engage your employees, with a 24/7 go-to portal for award, benefit and employment value communication;

• A strategic solution with customizable benchmarks and guidelines to drive, manage and document decisions and accountability at every level from HR leadership to line managers to the CFO whose signature on financial disclosure documents can safely attest to an internal control structure with corresponding procedures that ensure data security;

• An system that will connect compensation to performance to deliver unparalleled pay equity, award transparency and the ability to reward and retain the employees whose contributions are driving corporate initiatives and advancement.


Seller Details
Seller
HRSoft
Company Website
Year Founded
2012
HQ Location
Maitland, FL
Twitter
@HRsoft_Inc
3,407 Twitter followers
LinkedIn® Page
www.linkedin.com
178 employees on LinkedIn®
Description

With an industry-leading, purpose built platform for compensation lifecycle management, HRSoft brings the power and business impact of digital transformation to the least automated process in HR.


AS
Overview Provided by:

HRSoft Compensation Management Integrations

(7)
Verified by HRSoft Compensation Management

Recent HRSoft Compensation Management Reviews

Verified User
U
Verified UserMid-Market (51-1000 emp.)
4.0 out of 5
"Compensation review too"
We have got HRsoft newly introduced for the compensation management. This reflects the compensation changes as per the yearly appraisal and also sh...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"HR Soft Compensation"
The ease of the system allowed us to do our planning and delivered Annual Compensation Statements to all of participants. The system was very flex...
Verified User
A
Verified UserEnterprise (> 1000 emp.)
4.0 out of 5
"Great Platform"
It is so flexible. We have been able to make most customizations to fit our organization work.

Pricing Insights

Averages based on real user reviews.

Time to Implement

4 months

Return on Investment

14 months

Average Discount

11%

Perceived Cost

$$$$$
View More Pricing Information

HRSoft Compensation Management Media

Official Interactive Demo

HRSoft Compensation Management demo available

Try an interactive demo created by the software seller (right here on G2).

Official Downloads

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Have you used HRSoft Compensation Management before?
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114 HRSoft Compensation Management Reviews

4.4 out of 5
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114 HRSoft Compensation Management Reviews
4.4 out of 5
114 HRSoft Compensation Management Reviews
4.4 out of 5

HRSoft Compensation Management Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
G2 reviews are authentic and verified.
RH
Staff Compensation Analyst
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
Rating Updated ()
What do you like best about HRSoft Compensation Management?

I like the ability to have a development environment to test new uses of the system. I like our ability to create more in the tool, including additional fields and calculations. I like the flexibility to personalize the manager's view as needed, especially for other countries. I enjoy working with the team at COMPview and HRsoft. They have been able to build a different setup for our legal environment and needs. HRsoft is always working on improvements especially based on feedback we provide and has made many updates in the last couple years. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

We are unable to directly connect our system to HRsoft and have to manually upload our data due to internal restrictions. We would like to see more knowledge transfer and information from both HRsoft and current customers beyond their annual conference which is great to attend. Review collected by and hosted on G2.com.

Recommendations to others considering HRSoft Compensation Management:

We ask for everything that we need and the HRsoft team figures it out to make it happen. Their only limitations are reporting and notifications from what we have done. Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

We have all of our annual merit and bonus decisions in HRsoft, which allows for 1 point of reference, live correct data, and simplified experience. We have been working with HRsoft to set up the hierarchy the best so managers can see their direct and indirect reports as needed and we are not granting access to too many people who should not see compensation. Review collected by and hosted on G2.com.

IC
Corporate Compensation Manager
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
Rating Updated ()
What do you like best about HRSoft Compensation Management?

HRSoft has helped our organization streamline and simplify our compensation processes for bonuses and market adjustments. The platform is easy to navigate for users and administrators have a myriad of options to ensure the system is tailored to their organization’s process. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

HRSoft and COMPview greatly changed how our organization manages compensation processes. The benefits far outweigh the negatives, however we have found that the system can be nuanced and doesn't align with our organizational structure. However, we have learned to work through these issues with the help of our engagement team. Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

HRSoft has helped ou organization significantly reduce the number of hours our corporate and field teams spend developing, reviewing, and managing spreadsheets to execute on compensation processes. In addition to the time saved, HRSoft has ensured greater accuracy in our annual bonus and market adjustment processes. The system provides data integrity and vastly reduces the opportunities for errors. It has also increased accessibility and transparency for our field teams. The ability to make real-time changes and updates in the system and immediately see budget impact is invaluable. Review collected by and hosted on G2.com.

JB
Compensation Program Manager
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about HRSoft Compensation Management?

Because our Comp Philosophy and Merit logic is complex, the customization capability of HRsoft was immensely helpful, and part of the reason we decided to go with HRsoft instead of Workday's Advanced Comp. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

After delivering the specs of the logic we needed for the tool, the team moved forward to implement them and kicked the tool back to us for testing without doing any preliminary testing/troubleshooting themselves to ensure our specifications were operating as intended. As a result, we had a large amount of changes, corrections, and updates to make to the tool before we were ready for go-live. This drove more work to our team than we were initially anticipating. Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

The problem the system is solving is by providing a tool that can support our complex logic. This benefits us because we are able to implement a tool that supports our philosophy rather than tailoring our logic to meet the limitations of a tool. Review collected by and hosted on G2.com.

Verified User in Health, Wellness and Fitness
UH
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about HRSoft Compensation Management?

Once I coudl figure out the UX it fundamentally got the job done. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

UX:

First the initial screen I get a compensation reports dashboard down at the bottom. I'm expecting these things to be clickable to bring me into the details behind them, but none of them are. Which brings me to the next point, it's not immediately clear how I get into my actual comp plan changes. Given most people come in there just to update their teams comp, you'd think there would be a big button for this on the front page, but instead you're forced to use the hamburger menu in the top left.

Once you're in the comp plan, we have bonuses and salary adjustmnets split out onto 2 different tabs, however, when I submit, I need to have both tabs complete as the tabs don't submit individually.

Also, once complete and the process is finished, I have no way of going back in to the comp plan, so I'm trying to write this review without being able to go back in and look at what I saw.

From memory, I remember the team members rating was on one tab, however, it wasn't actually on the bonus tab which is the most relevant place for it to be (this is maybe just a configuration issue for our instance).

On the bonus tab, I did not like how I was not able to adjust bonus using percentages. I instead had to download to an excel, do the %'s then figure out the corresponding dollars to put in the tool. In a perfect world, both fields would be editable, and would adjust each other. Same comment for salary tab.

Overall a lot of opportunities here. Comptrak felt way better and it just feels as though rather than HRSoft taking advantage of the acquisition of Comptrak to make their product better, that they just inherited the customer base and put us on a worse product. Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

I'm just trying to update my teams bonus and salary Review collected by and hosted on G2.com.

VV
Manager HR, Compensation & Performance Management
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about HRSoft Compensation Management?

We love how customizable the tool is. We LOVE the team we work with at HRSoft - we truly feel like we are a team working together. We also love how upline leaders can easily see every compensation decision in their downline. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

The hierarchy feature was something we had to get used to; we don't necessarily need a compensation worksheet to go all the way up the "approval" chain, but we've learned to work with it. Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

We used to utilize Compensation Management in UKG Pro and it was not customizable at all. For our programs we had to do a ton of manual manipulation and/or had to do processes outside of system because UKG couldn't handle it. HRSoft is so customizable that we have no work-arounds and can do everything in system. The HRSoft team has been so amazing to work with as we've built our programs/processes into the tool. Review collected by and hosted on G2.com.

JA
Director, Total Rewards and HR Technology
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about HRSoft Compensation Management?

We loved working with the HRSoft team this year, we had a very successful implementation and our end users found the ux of the platform very easy to navigate. The team was really engaging and brought good ideas and solutions to our calls. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

I wish there was more admin access for my internal team so that we could do more on our end vs relying on the HRSoft team during the cycle (ex bulid/edit reports, change security access for users). Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

HRSoft allows us to do a full company compensation review in the cloud. Review collected by and hosted on G2.com.

Verified User in Computer Software
AC
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
Rating Updated ()
What do you like best about HRSoft Compensation Management?

It is helpful to both managers, leadership and the comp team to have one place to enter the merit cycle increases and have it cascade against the hierarchy. We also operate in many different countries and its nice to have the currency conversion. We also use the product to processs promotions and pay out our annnual bonus. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

This year we had to configure the new dashboard to support our plans which took quite a bit of consulting hours to complete. Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

We no longer have to use Excel spreadsheets for our annual merit cycle

We have a single portal for managers to enter their merit increase, promotions, bonus payout and equity grants

The budget is housed in one place and updates dynamically

I can easily run reports and export them from the system Review collected by and hosted on G2.com.

Verified User in Real Estate
AR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
Rating Updated ()
What do you like best about HRSoft Compensation Management?

The ease of the system allowed us to do our planning and delivered Annual Compensation Statements to all of participants. The system was very flexible for our very custom approach to compensation. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

At this point we do not have any pain points that were not either corrected or addressed. Review collected by and hosted on G2.com.

Recommendations to others considering HRSoft Compensation Management:

N/A Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

The biggest benefit for us is the ability to have a user friendly experience that supports our unique approach to compensation planning. We were minimize the manual work that was done in previous years and improve accurarcy. Review collected by and hosted on G2.com.

SF
Sr Compensation Manager | OEM HR Business Partner | HR Analytics
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
Rating Updated ()
What do you like best about HRSoft Compensation Management?

The system is configurable based on our company's needs with multiple currencies, different program rules, eligibility and various incentive programs. It was also easy for our managers and HR teams to use and submit their compensation recommendations. Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

The HRSoft project/engagement team completes the majority of the configuration. While they are undoubtedly amazing to work with, learning along the way and internally managing the tool for any configuration changes is more challenging. Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

HRSoft manages our annual compensation processes, including merit, incentive payments and stock allocation. It provides real-time updates and visibility to all managers in the hierarchy and the HR Business Partners who assist in the processes. Review collected by and hosted on G2.com.

Verified User in Manufacturing
AM
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about HRSoft Compensation Management?

Very knowledgeable and responsive HR Soft team - from inital implementation to annual salary administrative support. Easy to use for both Compensation Admin, as well as Planners; Customizeable configuration to meet our specific compensation / salary planning needs; integrates seamlessly into our HRIS system for end-users Review collected by and hosted on G2.com.

What do you dislike about HRSoft Compensation Management?

Not having a detailed Administrative manual to help support knowledge transfer during staffing changes. Very limited HRSoft created User Guides available. Review collected by and hosted on G2.com.

What problems is HRSoft Compensation Management solving and how is that benefiting you?

Supporting our Annual Salary Administration process in a way that our HRIS system is not able to do - We are able to select specific level of Compensation Planners - bypassing lower levels within our organizational structure. Review collected by and hosted on G2.com.