COMPview Reviews 2024: Pricing, Features & More

COMPview Pricing

Based on our most recent analysis, COMPview pricing starts at $7,500 (Annually).

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Starting From: $7,500
Pricing Model: Annually
Free Trial: No

Training Resources

COMPview is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for COMPview:

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

COMPview Benefits and Insights

Why use COMPview?

Key differentiators & advantages of COMPview

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.

Industry Expertise

COMPview is a compensation management software that caters to companies of all sizes, but it particularly excels in serving the financial services, healthcare, and technology sectors. Its adaptability allows it to accommodate various compensation plans, making it suitable for organizations with diverse needs.

COMPview Reviews

Average customer reviews & user sentiment summary for COMPview:

88 reviews

91%

of users would recommend this product

Synopsis of User Ratings and Reviews

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

Pros

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.

Cons

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.

Researcher's Summary:

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.

Key Features

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.

Limitations

At the time of this review, these are the limitations according to user feedback:

The limited scope of roles can make co-planning difficult.
Some customers noted a lack of capacity to build and initiate their own processes without the assistance of a representative or dedicated engagement manager.
Needs aesthetic improvements. Too much information can clutter the screen.
Limited filtering options.

Suite Support

Starting on day one, customers receive a dedicated Engagement Manager who acts as a single point of contact for design, support, configuration and implementation.

Email: [email protected].

Phone: (407) 475.5500.

Training: Information not available.

Tickets: Information not available.

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