CompAnalyst Reviews & Pricing

by Salary.com | Founded 2017, Waltham, MA

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Overview Pricing Benefits Reviews Features

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What is CompAnalyst?

Industry Specialties: Serves all industries

CompAnalyst by Salary.com is a SaaS solution that offers datasets and features to optimize compensation plans and decisions. It helps companies leverage data and in-depth insights on salaries and employee payroll. It enables administrators to make informed payment decisions, analyze pay practices and manage end-to-end compensation process requirements.

It automates compensation survey participation, creates presentation-ready reports and models salary structures that align with organizational goals.

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User Sentiment

Based on 12 reviews:

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CompAnalyst Pricing

Based on our most recent analysis, CompAnalyst pricing starts in the range of $100 - $500.

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Starting From: Undisclosed
Pricing Model: Monthly, Quote-based
Free Trial: Yes, Request for Free

Training Resources

CompAnalyst is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for CompAnalyst:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

CompAnalyst Benefits and Insights

Why use CompAnalyst?

Key differentiators & advantages of CompAnalyst

Make Informed Decisions: Make equitable pay decisions using historical data and real-time reports of individual employees and departments. Project cash and workforce requirements to make short and long-term policies.
Attract the Best Talent: Leverage employee engagement and compensation planning tools to position the organization as a valuable workplace. Attract talent by offering competitive packages and retaining top performers.
Boost Organizational Growth: Improve employee performance and satisfaction while boosting business performance with insight-based decisions and optimized compensation.
Promote Employee Engagement: Keep employees engaged with defined, tangible goals and promotion policies. Effectively managed employee records enable employers to automatically identify and filter suitable opportunities for employees.
Ensure Data Security: Eliminate employee resentment and productivity disruptions by keeping compensation data confidential. Cloud-based servers ensure data privacy at all times and prevent internal or external data leaks.

Industry Expertise

Serves businesses of all sizes in a variety of industries and domains.

CompAnalyst Reviews

Average customer reviews & user sentiment summary for CompAnalyst:

12 reviews

88%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of CompAnalyst reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Accurate Salary Data: Users appreciate CompAnalyst's up-to-date and reliable salary data, which helps them make informed decisions about compensation.
User-Friendly Interface: Many users find the platform easy to navigate and use, making it simple to find the information they need.
Comprehensive Reporting: CompAnalyst offers detailed reporting features that allow users to analyze compensation trends and make data-driven decisions.

Cons

Limited Customization: Users express frustration over the inflexibility of the platform, particularly when it comes to tailoring the software to their specific compensation processes.
Reporting Challenges: Extracting specific data or generating custom reports is reportedly cumbersome, limiting the ability to perform in-depth compensation analysis.
User Interface Issues: The user interface is considered by some to be outdated and not very intuitive, leading to a steeper learning curve and slower adoption by teams.

Researcher's Summary:

While CompAnalyst offers a robust set of features, user reviews from the past year reveal mixed sentiments. Users generally appreciate the depth of its market data, particularly its extensive database for benchmarking executive compensation, which proves invaluable for organizations looking to attract top-tier talent. The platform's ability to automate compensation workflows, such as merit modeling, also receives praise for streamlining processes and reducing manual effort. However, some users find the software's interface less intuitive than competitors like Lattice or Pave, leading to a steeper learning curve. Additionally, while CompAnalyst integrates with payroll and HR systems, some users report that the integration process can be cumbersome and requires significant IT involvement. Overall, CompAnalyst appears best suited for larger organizations with complex compensation needs and dedicated resources for implementation and training. Smaller businesses with limited budgets and simpler requirements might find more user-friendly and cost-effective solutions elsewhere.

Key Features

Market Datasets: Access reliable HR-reported compensation datasets that include survey catalogs and minimum wage and market data. Helps reduce data gaps by combining jobs to match organizational requirements. Enables administrators to market higher price jobs and industry-specific vacancies.
Survey Management: Offers a centralized compensation data source library for survey management, conduct and analysis. Automatically engage in surveys using one-click export to third-party survey templates.
Equity: Conduct detailed analysis of internal pay equity with external market trends using insights. Identify and eliminate equity challenges, flight risks and relevant insights to optimize employee compensation. Includes merit modeling and pay equity analytics.
Pay Framework: Create, edit and structure model salaries. Helps manage pay policies across divisions, departments and job families. Utilize existing structures from the library or market data to create new pay structures in three clicks. Tools include job range and salary structure wizard.
Communication: Share crucial payment data in the form of presentation-ready reports and charts with business leaders, managers and other stakeholders in one click. Offers total compensation statements, analytics and a customizable dashboard.
Recruiting: Leverage recruiting tools to attract and retain the best talent. Includes reporting, labor forecasting and competitive compensation capabilities.
Services:
- Onboarding: Leverage personalized setup, training resources, pricing services, comprehensive matching and automated data loading to facilitate system onboarding.
- Consulting: Access expert consultation for strategic insights and utilize data-driven tools that help make informed decisions.
- Survey Participation: Dedicated compensation professionals help optimize survey selection, data loading, employee participation, analysis and reporting in a few clicks.