Willis Towers Watson vs COMPview

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Our analysts compared Willis Towers Watson 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.

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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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 Assistance

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24/7 Live Support
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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 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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  • 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: 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

#8

among all
Compensation Management Software

#77

among all
Compensation Management Software

Find out who the leaders are

Analyst Rating Summary

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Platform and Security Capabilities
Variable Compensation and Incentives Management
Budgeting and Forecasting
Compliances
Platform and Security Capabilities
Budgeting and Forecasting
Integrations and Extensibility

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Willis Towers Watson
COMPview
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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 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

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User Sentiment Summary

Great User Sentiment 20 reviews
Excellent User Sentiment 88 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.

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.

4.5 (15)
4.5 (68)
3.0 (2)
n/a
n/a
4.7 (20)
4.6 (3)
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Awards

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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

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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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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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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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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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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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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