Willis Towers Watson vs CompTrak

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Our analysts compared Willis Towers Watson 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.

Willis Towers Watson Software Tool

Product Basics

Willis Towers Watson is a global advisory and financial services company that designs solutions to manage talent, risk, benefits/compensation and money for organizations. It allows company leadership to analyze and understand people, capital, and risks in their organization. Users can also evaluate and manage performance, change, competency, diversity and inclusion, investments, rewards and other aspects. They also offer services like consulting, performance management, insurance and a variety of others to their consumers.
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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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Windows
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Android
Chromebook
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Linux
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Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
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Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Better Job Architecture: Create a framework to define job pathways and requirements, giving employees clear expectations for their performance. Ensure that compensation and rewards are applied consistently.
  • Comprehensive Rewards Analysis: Analyze industry data to help leaders motivate employees through benefits, compensation and company career/wellness programs. Personalize programs based on individuals or teams to increase productivity.
  • Improved Media Strategy: Create, examine, optimize and implement an updated communication/media strategy. Streamline communications with the outside world, even with a smaller team.
  • More Effective Diversity Strategy: Empower leadership to attract and retain an inclusive workforce through company policies, payment strategies, succession programs and more. Cut down on bias and identify potential challenges.
  • Greater Future Planning: Help executives decide the correct type of worker to achieve the job, whether that means AI, freelance workers or something else. Analyze other considerations such as employees who need new skills, retraining, and attracting workers with well-designed careers.
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  • 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.
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  • Change Management: Navigate shifts in a company’s business model, rewards strategy, company tech, or mergers and acquisitions. Ensure a smooth transition with better employee buy-in.
    • Acquisition and Mergers: Streamline the process of merging a company from start to finish. Identify a target, negotiating the terms, and give leaders the tools to oversee the entire operation so it goes well.
    • Risk Management: Analyze and prevent risk from financial, cyber, terrorism, climate change or other sources. Use the information to drive policies across an organization like integrating environmentally friendly rules, ensuring good physical and mental health for employees, or enacting changes to ensure compliance.
  • Engagement Tools:
    • Saville Assessment: Paint a deeper picture of candidates and employees. Judge future performance through situational judgment tests, aptitude tests and a screening for behavioral strengths.
    • Wave Personality Questionnaire: Align work motives and talents and assess skill. Provide an accurate forecast of performance while creating dynamic group reporting. Establish norms to make better, more realistic benchmarks.
    • Rewards Strategy: Make the most of a potentially limited rewards budget. Praise and reward top performers, determine the best way to reward performances, keep pay fair, motivate workers and achieve the best ROI.
    • Employee Performance: Train, evaluate, strategize, and audit individual employees’ performance or overall company trends. Evaluate the effectiveness of specific policies on productivity.
    • Competency Atlas: Examine necessary competencies across the company comprehensively and visually. Find gaps, analyze data and push for change where needed.
    • Executive Compensation: Ensure that leaders get paid fairly and cut down on turnover. Browse executive databases with access to over 400 consultants and take advantage of advice and tools to manage and set executive pay.
  • Benefits and Perks:
    • ICHRA: Offer individual health reimbursement arrangements. Give tax-free funds to all or certain employees for health insurance instead of the traditional group plan.
    • Retirement Planning: Analyze various retirement packages and actuarial data so companies can decide on appropriate pensions and retirement plans. Ensure employees are getting a good deal while picking something affordable.
    • Health and Benefits: Pick out the best health and benefit plans based on the demographics of a group. Provide workers access to services like telemedicine and expert medical opinion programs. Provide access to insurance and reinsurance to cover companies, manage risks and promote resilience.
    • Investment Consulting: Consult investment specialists for advice or build an investment strategy. Empower trusted individuals to make decisions while the executive team retains overall strategic control.
  • Data and Insights: Collect employee data, deploy focus test surveys and utilize other analytics. Use the information to drive engagement, personalize messaging and make informed decisions.
  • Claims Advocacy: Pay claims expediently, prevent losses and contain the losses that do occur. Ensure that a company is protected and cut down on potential conflict before it becomes a more significant issue.
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  • 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. 
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Product Ranking

#8

among all
Compensation Management Software

#70

among all
Compensation Management Software

Find out who the leaders are

Analyst Rating Summary

61
72
86
70
0
38
80
78
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Platform and Security Capabilities
Variable Compensation and Incentives Management
Budgeting and Forecasting
Platform and Security Capabilities

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Willis Towers Watson
CompTrak
+ 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 86 0 80 0 93 63 46 89 70 38 78 71 91 38 77 78 0 25 50 75 100
88%
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12%
70%
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30%
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67%
80%
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20%
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22%
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100%
57%
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93%
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7%
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63%
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38%
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28%
89%
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11%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

25%
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75%
63%
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37%

User Sentiment Summary

Great User Sentiment 20 reviews
Excellent User Sentiment 10 reviews
87%
of users recommend this product

Willis Towers Watson has a 'great' User Satisfaction Rating of 87% when considering 20 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.

4.5 (15)
n/a
3.0 (2)
4.7 (10)
4.6 (3)
n/a

Awards

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CompTrak stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Excellent Engagement Survey: Users who discussed the feedback survey loved it in nearly 100% of comments mentioning it.
Simple Interface: Nearly 100% of users who talked about the UI said it was easy to use.
Good Reporting Tools: Commenters were pleased with the analytics tools in almost 100% of reviews that discussed them.
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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.
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Major Pension Issues: Almost 100% of commenters who discussed their retirement funds said they had problems retrieving money or were worried about their accounts.
Poor Customer Service: Reviewers had problems with customer service 83% of the time they talked about it.
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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.
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Willis Tower Watson is a finance and risk management solution. Users with positive experiences especially enjoyed the anonymous survey to give feedback to managers — they said it helped drive real change within their organizations. Others like its reporting tools and felt the functionality was easy to adopt and navigate. Retirement funds were a point of contention. Nearly every user who talked about trying to access their pension fund said it was difficult and took longer than expected, ran into issues trying to figure out how to do so or recorded other problems. These negative reviews came mainly from the site TrustRadius. Reviewers posted some comments during an apparent post-COVID backlog. However, many others came from 2019 or earlier. Users were also displeased with the customer service. They complained about a lack of updates, murky communication and misquotes. Even the positive reviews for the customer service said representatives were helpful, but clearly very overworked. Willis Tower Watson may be a good choice for small to medium businesses looking for help with finances and risk management; however, tread carefully around its retirement services.

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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.

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