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Description
Assess how your company's compensation structures compare to industry standards. We assist in pinpointing cost-to-market alongside creating strategic initiatives to remain competitive in your field. It is crucial to maintain pay equity throughout your organization. OpenComp can highlight discrepancies in pay equity related to gender and ethnicity, enabling you to swiftly address and rectify these disparities. Develop various organizational growth strategies for the future while projecting cash and equity expenditures for each scenario. Utilize precise location models to align compensation appropriately. OpenComp supports you in evolving your compensation philosophy as teams grow more geographically dispersed. Create equitable job offers and evaluate compensation inquiries from prospective employees in direct comparison to the market. Access market data from multiple sources that is standardized and updated daily. Our user-friendly tools empower you to implement compensation strategies effectively. Moreover, you will receive analytics and insights to monitor the effectiveness of your compensation plans and identify trends over time, ensuring you remain proactive in your approach. This comprehensive analysis not only aids in maintaining competitiveness but also fosters a fair workplace environment.
Description
SimplyMerit®, a real-time HR Compensation Management Solution, engages leaders and empowers them to optimize their Merit budgets and Bonus pools as well as Equity grants. We can make you live in five days or less It's easy to see the benefits: no more errors, no more spreadsheet management headaches, and no security concerns! SimplyMerit manages currency conversions, applies configurable prorations, manages approval workflows, and even generates adjustment letters.
API Access
Has API
No
API Access
Has API
Yes
Integrations
ADP Workforce Now
No
Criterion HCM
No
Namely
No
Pricing Details
$9 per user per month
Free Trial
No
Free Version
Yes
Pricing Details
$6500.00/year
Annual license based on number of employees; includes unlimited support
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
OpenComp
Founded
2021
Country
United States
Website
www.opencomp.com
Vendor Details
Company Name
MorganHR
Founded
2004
Country
United States
Website
www.simplymerit.com
Product Features
Compensation Management
Bonus Management
No
Compensation Assessment
No
Compensation Calculation
No
Compensation Plan Modeling
No
Compensation Statements
No
Employee Reward Programs
No
Incentive Programs
No
Organizational Charting
No
Salary Planning
No
Product Features
Compensation Management
Bonus Management
Yes
Compensation Assessment
Yes
Compensation Calculation
Yes
Compensation Plan Modeling
Yes
Compensation Statements
Yes
Employee Reward Programs
No
Incentive Programs
Yes
Organizational Charting
Yes
Salary Planning
Yes
