What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in compensation management software category. Our data sources in compensation management software category include;
Compensation management software enables company managers to plan and implement a compensation strategy. Compensation management software helps manage different payment programs such as bonuses and stocks. Modeling and implementation of compensation flows is also among the capabilities of these tools.
If you’d like to learn about the ecosystem consisting of Compensation Management Software and others, feel free to check AIMultiple People / HR.
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Anaplan's connected planning platform enables organizations to accelerate decision making by connecting data, people, and plans across the business.
We use the data sources on the side for ranking solutions and awarding badges in compensation management software category. Our data sources in compensation management software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
CaptivateIQ
Spiff
Paycom
Ceridian Dayforce
Anaplan
Taking into account the latest metrics outlined below, these are the current compensation management software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
CaptivateIQ
Spiff
Paycom
Ceridian Dayforce
Anaplan
These are the number of queries on search engines which include the brand name of the solution. Compared to other People / HR categories, Compensation Management Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 91%, 15% more than the average of search queries in this area.
1,018 employees work for a typical company in this solution category which is 997 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 67 companies with >10 employees are offering compensation management software. Top 3 products are developed by companies with a total of 10k employees. The largest company building compensation management software is Workday with more than 10,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
CaptivateIQ
Spiff
Paycom
Ceridian Dayforce
Anaplan
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Compensation Management Software companies. The most positive word describing Compensation Management Software is “Easy to use” that is used in 11% of the reviews. The most negative one is “Difficult” with which is used in 3.00% of all the Compensation Management Software reviews.
According to customer reviews, most common company size for compensation management software customers is 51-1,000 employees. Customers with 51-1,000 employees make up 50% of compensation management software customers. For an average People / HR solution, customers with 51-1,000 employees make up 33% of total customers.
These scores are the average scores collected from customer reviews for all Compensation Management Software. Compensation Management Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
This category was searched on average for 548 times per month on search engines in 2022. This number has increased to 642 in 2023. If we compare with other people / hr solutions, a typical solution was searched 995 times in 2022 and this increased to 1.1k in 2023.