Home > Compensation Management Software > CompAnalyst > CompAnalyst vs CompTrak

CompAnalyst vs CompTrak

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Our analysts compared CompAnalyst 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.

Overview Pricing Benefits & Features Analyst Ratings Comparison Charts User Ratings Analyst Summary Screenshots
CompAnalyst Software Tool
SelectHub Award Winner
CompTrak Software Tool
SelectHub Award Winner
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Product Basics

Analyst Rating

70 Detailed Analysis

User Sentiment

Great User Sentiment (12 Reviews)

Analyst Rating

72 Detailed Analysis

User Sentiment

Excellent User Sentiment (10 Reviews)
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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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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Product Assistance

Documentation
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Live Online
Videos
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Email
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FAQ
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Knowledge Base
24/7 Live Support
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Product Insights

  • 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. 
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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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  • 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. 
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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

#32

among all
Compensation Management Software

#70

among all
Compensation Management Software

Find out who the leaders are

Analyst Rating Summary

70
72
59
70
63
38
100
78
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Dashboard and Reporting
Integrations and Extensibility
Platform and Security Capabilities

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

CompAnalyst
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 59 63 100 76 72 25 84 33 70 38 78 71 91 38 77 78 0 25 50 75 100
60%
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70%
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30%
67%
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33%
33%
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67%
100%
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78%
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22%
71%
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29%
57%
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67%
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93%
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25%
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75%
38%
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62%
83%
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17%
72%
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28%
33%
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67%
78%
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22%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

88%
0%
12%
63%
0%
37%

User Sentiment Summary

Great User Sentiment 12 reviews
Excellent User Sentiment 10 reviews
88%
of users recommend this product

CompAnalyst has a 'great' User Satisfaction Rating of 88% when considering 12 user reviews from 2 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.

5.0 (2)
4.7 (10)
4.25 (10)
n/a

Awards

SelectHub research analysts have evaluated CompAnalyst and concluded it earns best-in-class honors for Dashboard and Reporting.

Dashboard and Reporting Award

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

User Favorite Award

Synopsis of User Ratings and Reviews

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.
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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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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.
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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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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.

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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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Screenshots

Top Alternatives in Compensation Management Software

beqom
CompAccelerator
Compease
CompLogix
Compport
CompTrak
COMPview
CompXL
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PayScale
SimplyMerit
TalentComp
Unit4 Compensation Planning
Willis Towers Watson
Xactly Incent

Related Categories

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Head-to-Head Comparison

CompAnalyst VS COMPview
CompAnalyst VS CompLogix
CompAnalyst VS CompTrak
CompAnalyst VS CompXL
CompAnalyst VS Compease
CompAnalyst VS Compport
CompAnalyst VS PayScale
CompAnalyst VS SimplyMerit
CompAnalyst VS Willis Towers Watson
CompAnalyst VS Xactly Incent

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