Best Compensation Management Software for ApplicantStack

Running HR isn't for the faint of heart. Namely gives you the resources to make your life easier and your employees happier. With modern, intuitive technology and a world-class team of HR experts, Namely empowers and supports people teams with an all-in-one HR solution designed for mid-sized businesses (25-1000 employees). Whether you’re transitioning from a PEO or switching to new HCM software, Namely has the technology and people to support your company every step of the way.

Pequity provides adaptable compensation solutions with options for both full-service and self-service, ensuring that compensation cycles and pay bands are accurate and driven by data. Your information remains secure with Pequity’s enterprise-grade security measures, including SOC 2 Type 2 certification, GDPR compliance, multi-factor authentication, single sign-on, and ongoing penetration testing, eliminating the need to handle sensitive compensation and employee data through spreadsheets. The platform is designed to harness the familiarity of spreadsheets while leveraging the power of large-scale automation. Pequity caters to the intricate nature and transparency of your specific compensation framework, supporting your current needs while facilitating future growth. It serves as a central hub for all stakeholders to unify their understanding of compensation, enabling effective communication and collaboration among peers, leaders, managers, recruiters, business partners, employees, and candidates, thus fostering a collective commitment to your compensation philosophy. This holistic approach ensures that everyone involved is engaged and informed about the compensation strategy.

Offer letters have remained largely unchanged for years, but that is about to change. Transform the candidate experience by introducing an interactive portal that provides insights into total compensation, while also reflecting your team and organizational values. Establish a collaborative panel to refine your team's compensation philosophy, allowing for immediate adjustments to leveling decisions. It's essential that employees are not left in the dark regarding their compensation; they should have a comprehensive understanding of all elements, including equity grants, benefits, bonuses, and beyond. Consistently model, update, and share your compensation strategies in real-time with your team to ensure alignment during crucial merit planning discussions. By integrating live data connections from your existing systems like ATS and HRIS, you can continuously refresh your candidate and employee information, enhancing clarity and engagement throughout the hiring and retention process. This innovative approach not only modernizes offer letters but also fosters a transparent and informed workplace culture.