Austin, Texas May 7, 2024 — SelectHub, a leader in software research and selection, today announced the winners of its “Best Of” Awards for 2024 in the compensation management software category. These awards are part of SelectHub’s commitment to identifying and celebrating the top performers in various software domains. The awards recognize the top compensation management solutions across multiple categories based on analyst ratings and user reviews.
Marcus Flemming, VP of Marketing at SelectHub, said, “SelectHub’s ‘Best Of’ awards spotlight the premier compensation management software based on our in-depth and transparent evaluation of leading vendors in the market. Our proprietary 400+ point analysis allows us to offer our end users a range of software solutions that excel in critical areas such as salary planning, bonus allocation, and compliance management to drive business growth and employee satisfaction.”
Sandesh Sindiri, Head of Software Solutions and Technology Research at SelectHub, commented, “We have identified the true champions in the compensation management landscape by meticulously evaluating industry KPIs defined by dedicated users within our cutting-edge technology selection management platform. As the industry evolves, we recognize the influential role of emerging trends such as AI augmentation and advanced analytics in shaping the management and implementation of employee compensation strategies.”
SelectHub assessed 132 solutions in seven software capability categories, alongside categories for Analysts’ Picks and User Favorites. These evaluations recognize outstanding products in specific operational functionalities and overall user satisfaction.
- The Analysts’ Pick Award recognized the top-tier software vendor in the industry with the highest scores.
- The User Favorite award honored the top 20 products that received “Excellent” user sentiment scores, based on aggregated review data from real users.
- Best-in-Class awards were also handed out in the following categories to the top products receiving a score of 80 or higher in SelectHub’s technology selection platform:
Analysts’ Pick: COMPView claimed the sole victory in this category, standing out as the market leader for compensation features.
User Favorites: Listed in order for user satisfaction score, the winners here were PayActiv, Total Compensation Statements, WeGift, Syndio, UrbanBound, Bucketlist, Everstage, Bonusly, Recognize App, GoCo, Spiff, beqom, CaptivateIQ, PeopleKeep, eBacon, QuotaPath, Qarrot, Anaplan, Performance Pro and TalentQuest.
Best-in-class awards went to the products in the following categories:
- Bonus Management: beqom, TalentComp, DecuSoft Compose and Willis Tower Watson.
- Budgeting and Forecasting: DecuSoft Compose, COMPView, beqom and PayScale.
- Platform and Security Capabilities: COMPView, SimplyMerit, Willis Tower Watson and beqom.
- Rewards and Recognition: PayScale.
- Salary Management: TalentComp, Compport, CompAnalyst and COMPView.
- Integrations and Extensibility: Xactly Incent, CompAnalyst and COMPView.
- Dashboard and Reporting: CompAnalyst, SimplyMerit, COMPView, DecuSoft Compose and PayScale.
SelectHub leverages a prescriptive approach to software selection, consolidating data collected through meticulous analysis in the SelectHub platform. This offers organizations a best-practice approach to reduce risk and find the right software for their needs.
Please visit SelectHub’s compensation management software page to learn more about the 2024 awards in this category and see a complete list of winners.
About SelectHub
SelectHub has the software selection platform, data, methodology and expertise that makes selecting software streamlined, agile, collaborative, and free of bias. SelectHub supports everything from initial research to final vendor selection and price negotiation. Driven by data from detailed research and analysis, then validated from thousands of real-world selection projects, SelectHub shortcuts the selection process, ensuring more informed, accurate purchase decisions. To learn more, please visit https://www.selecthub.com.
Contact:
Marcus Flemming
SelectHub
pr@selecthub.com