Best Salary Benchmarking Tools for Startups

CompUp

CompUp is a complete compensation management platform that helps rewards teams benchmark, plan, and communicate compensation for fair pay. By consolidating all compensation data and benchmarks, it provides valuable insights, enabling seamless appraisal simulations and end-to-end executive appraisals. Key Product Modules: Survey Management: Centralized management of compensation surveys. Bands: Securely create and share compensation bands by function, family, and level. Simulation: Run budget simulations to determine employee-level increments. Appraisal Cycles: Streamline multi-level budget approvals across business units. People Analytics: Customizable dashboards for data-driven compensation insights. Total Rewards Portal: Communicate compensation package value to employees. Pay Equity Management: Address and ensure pay equity compliance.

63 Ratings

Starting Price: $3/month/user

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Workday HCM

Workday

An HCM system that adapts to what comes next. Your workforce, how and where people work, even the skills you need continue to shift. So how do you adapt to what the future brings? Meet Workday Human Capital Management (HCM). Our machine learning helps you understand your people’s skills today and build talent around the skills you'll need tomorrow. Workday Human Capital Management empowers you to curate recommendations, suggest learning, and keep communication open. And do it at scale. Our augmented analytics surfaces insights from vast data sets, explaining what’s happening and why in stories you can understand. We deliver intelligent automation across the entire attract-to-pay process, eliminating manual tasks and empowering your people to be their most productive selves. From compensation and payroll to time tracking, benefits, and more, Workday HCM helps you take care of your workforce.

2 Ratings

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OpenComp

Evaluate how your organization's compensation data stacks up against the market. We help identify cost-to-market as well as actionable plans to stay competitive. Ensure pay equity across your workforce. OpenComp can identify differences in pay equity across gender and ethnicity, so you can act fast to close the gaps. Build multiple organization growth plans for the future, while estimating cash and equity burn for each scenario. Map compensation based on accurate location models. OpenComp helps you adapt your comp philosophy as teams become increasingly distributed. Build fair offers, and qualify compensation requests from potential candidates directly against the market. Market data from any source that’s normalized and indexed daily. Consumer-grade tools to activate compensation in the field. Analytics & insights to track plan performance and trends over time.

Starting Price: $9 per user per month

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Compease

HR Performance Solutions

Compease is a comprehensive, automated salary administration software developed by HR Performance Solutions. Secure and intuitive, Compease enables businesses to maintain accurate and competitive pay rates as well as to manage merit increases and compensation budgets in a seamless way. By using Compease, you can ensure that salaries are aligned with the market and equitable within your business. Compease offers a host of features including job evaluation system, salary grades and ranges, market-driven salary data, salary planning, compensation assessment, calculation, and plan modeling, budget control, and more.

Starting Price: $49.00/year/user

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Decusoft Compose

Decusoft

Decusoft Compose delivers the future of compensation automation, today. Power your compensation planning, administration, and management with a secure, web-based centralized platform designed specifically for compensation professionals. From product design, service delivery, and product development, the voice of the compensation professional is present. Decusoft created Compose as a specialized compensation management software solution that simplifies the administration of variable pay programs including Merit, Bonus, Short-term, and Long-term incentives. Compose is not a modular software suite like traditional human capital management solutions. Compose is a dynamic, scalable, configured solution that is easy to use and can integrate with your existing human capital management system. Decusoft delivers the key information, HR dashboards, and DEI data you need to improve diversity, create true pay transparency, and drive impactful change for your organization, etc.

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Carta

Equity. Simplified. Carta helps companies and investors manage their cap tables, valuations, investments, and equity plans. Start with your cap table on Carta, then issue electronic securities, get 409A valuations, and run liquidity events as you grow—your cap table will stay updated automatically. With all equity transactions and information in Carta, your cap table stays up to date with less effort. We help you stay compliant when issuing equity and getting 409A valuations. Employees and investors can accept electronic securities, exercise options, and track vesting schedules. Carta helps over 800,000 shareholders manage more than $575 billion in equity. Whether you just need a cap table and a 409A, or are looking to run secondary transactions, leverage financial reporting and tax tools, or stay better connected to investors, Carta can help.

Starting Price: $2,800 per year

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Payfactors

Payscale

Gain the insights and confidence to get pay right with relevant, validated salary data and industry-leading, AI-powered compensation software. Redefine and automate the compensation experience with Payfactors, the powerful and scalable full-suite compensation management solution for any organization. Be more effective at compensation management with Insight Lab, the intelligent, easy-to-use system for building pay structures, managing merit increases, and monitoring pay equity. We are committed to ensuring pay accuracy by providing reliable salary market data that remains true and transparent to respective sources. Payscale’s intelligent software solutions are designed (and continually optimized) to solve the pay challenges of an evolving workforce.

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CompTool

CompTool is the easiest and most affordable market pricing and compensation software available. Whether you are a start-up, a fortune 500, or a consulting firm, we have a solution for you. On average, we implement our users in three days, not three weeks. Use our white-glove implementation service, or load everything yourself with our step by step guide. We designed CompTool through the lens of a practitioner and aimed to keep the clutter out. All the important information is right there, and all of the details are just a click away. We’ve developed an intuitive and straightforward approach for updating and refreshing the data in CompTool. Users can take advantage of our included data refreshes, or they can update their data on the fly and with ease, in just a few minutes. CompTool allows your team to share market matches and market data with your stakeholders with our seamless feedback collection tool.

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PROSFY

PROSFY is the latest salary benchmark technology. It provides precise and accessible salary calculations in real-time for individuals and small to medium-sized companies, aiming to close existing salary gaps and increase transparency in the labor market.

Starting Price: €200/year

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LiveRem

Simple and straightforward real-time salary & HR insights benchmarking platform based on what matters most, attracting & retaining talent. Remuneration data is gathered directly from our customers’ payroll and HR systems, providing a real-time salary survey of how much a role is worth. Roles are matched using our advanced job-matching technology, providing a trust score on the reliability of the job matching from the data points in the platform. Privacy is so important to us, so all data sets are anonymous, ensuring your data is secure while providing you with valuable insights to drive decision-making. Turn your remuneration process into a source of valuable information instead of frustration. To use LiveRem, you simply share your company data and you can access, search, and compare roles across industries and companies all over New Zealand. No more wasting time on completing lengthy salary surveys.

Starting Price: $1,000 per year

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CompAnalyst

Salary.com

Power data-driven compensation decisions. CompAnalyst supercharges compensation impact with accelerated workflows, curated suggestions, and unparalleled insights. The integrated compensation platform that works for every business. Discover how CompAnalyst solutions enable smart pay decisions across the employee lifecycle. Leverage the most up-to-date compensation data in the market for unparalleled pricing accuracy. Analyze pay competitiveness, automate market pricing, and participate in surveys with just one click. Marry internal company data with market compensation data for 360˚ reporting and analysis. It's time for a new approach to compensation education. Salary.com has partnered with compensation industry experts to create a catalog of free courses addressing key elements of the compensation agenda. Gain the skills you need to succeed in your organization.

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beqom

Strategically leverage compensation to take on the rewards challenges of today and tomorrow with beqom's centralized, secure compensation and sales performance management software. beqom focuses exclusively on managing compensation for enterprises who demand the most from their compensation strategy. Since 2009, we've helped companies like Daimler, McDonald's, Fujitsu, and PepsiCo streamline compensation processes, cut costs, aid compliance, reduce errors, and provide operational and strategic agility—making their people happy. Our flexible, adaptable, comprehensive compensation management and sales performance management solutions integrate natively with Workday, SAP SuccessFactors, Oracle HCM, and other common HR suites, enabling you to manage the rewards of your people without compromise.

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Heartpace

Söderberg & Partners Heartpace

The HR system that empowers you to make the right decisions based on data-driven insights. Heartpace focuses on supporting & simplifying your daily HR-work and covers all your HR-needs. You choose the relevant modules at your convenience. At your own pace and with your tonality. With Heartpace by your side, you create a modern and data-driven organization. Save time and gain control of the entire HR flow with Heartpace HR Management. Drive successful employee engagement & winning culture with Heartpace Performance Management toolbox. Our highest priority is to deliver a simple, intuitive and engaging user experience for you and your employees. Smooth Equal pay Analysis & Salary review. Improve gender equality with our Equal Pay Index. Learn more about your pay structure with our insights driven approach. Simplify the salary review process. All of this smart packaged in Heartpace Pay Management.

Starting Price: $5.00/month/user

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Compport

Compport is a one-stop integrated SaaS solution to manage all your compensation plans namely candidate offers, annual/adhoc salary review, bonus/incentive, sales incentive plans (customized to clients need), long term incentive plans, Rewards and recognition schemes and salary structuring. It is a unique 100% modular solution that enable users to design single/multiple compensation plans with 100% flexibility, compare, and assess the impact and budget upfront, launch it to the line managers for review of salary related components for their respective teams and then enable communication with employees in a digital form to provide access of letters and total rewards statements, etc. It helps organizations in achieving; • Extraordinary efficiency, upto 90%, in all compensation processes • Agility and 100% flexibility in comp modeling • Improved decision making by Leaders, managers and HR • Empowered culture by cascading decisions to right stakeholders with needed controls

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Pave

Plan, communicate, and benchmark your compensation in real-time. Pave allows you to make smarter comp decisions and eliminate spreadsheets, powered by real-time integrations with your HRIS, ATS, and Cap Table. Merit cycles are an extremely manual process. Teams cobble together compensation reports and have spreadsheets for every manager. Pave centralizes compensation data in real-time to manage merit cycles in one unified place. Candidates and employees often miss the whole picture around equity, bonuses, and benefits. Pave allows you to visually sell the whole dream to attract and retain top talent. Most surveys require periodic manual uploads, resulting in out-of-date compensation data. Pave provides the most accurate real-time compensation benchmarking data by integrating your systems in just minutes. Compensation surveys are obsolete. Total rewards is more than just salary.

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Orbit Pro

Turning Point HR Solutions

Orbit Pro© the new benchmarking software platform from Turning Point, provides organizations with expert salary benchmarking and pay review services with powerful job evaluation capabilities whilst delivering actionable ‘real time’ insight via a fully compliant solution. Orbit Pro© is now uniquely positioned to provide organizations from SMEs to Global Enterprises on demand access to the most comprehensively validated salary database in Europe. This enables you to search over 16,000,000 individual data points, by region, sector, seniority, company turnover, qualification and specialisation. Combined with Turning Points proprietary 12 point analytical job evaluation system, Orbit Pro© now provides a single, easy to use platform. Enabling you to create, evaluate, manage, review and benchmark roles across your organization.

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Barley

Barley makes it easy to structure, analyze, and manage compensation across your entire company, and keep a pulse on changing salary trends. Build a consistent compensation structure across your company. Get the context you need to make the best data-driven pay decisions. Complete compensation reviews in less time with more confidence. Your talent team knows when the market is changing. Leverage the data they capture to get a real-time pulse on pay trends in your market. Capture the most up-to-date salary benchmarks from your candidates' expectations. Managing compensation in spreadsheets takes a huge amount of time. Barley's automated workflows speed up every part of your comp process so you can focus on what matters: your people and your goals. Your people are your biggest asset (and cost). Barley gives you full control of your hiring and merit increase budgets so that you can allocate them where they will have the most impact.

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Salary.com

We believe everything works better when you get pay right. Because when pay is fair, trust grows. Organizations and employees can thrive and face challenges together, work toward common goals, and act with passion. In the face of change and uncertainty, we remain steadfast — to lead the compensation data and management category we created into the future and to work together to make compensation fair and equitable for all. Technology innovators, industry experts, customer success professionals, and compensation practitioners. What unites us? A shared passion for helping you get pay right.

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MarketPay

Payscale

Payscale MarketPay is the advanced HR platform global comp pros trust for reliable market-data and actionable insights. Payscale MarketPay is intended for global companies with large workforces, dedicated compensation teams, mature pay structures, and lots of survey data to manage. As our most advanced compensation platform, it streamlines survey management and enables native integration with Tableau. Access our highly specific, detailed, and defensible salary insights—based on the most current market data—to inform your compensation decisions. Uncover the accurate data needed to make timely workforce decisions—and view real-time insights through dynamic visualizations, dashboards, and models. Make pay decisions to retain and hire business-critical talent based on our constantly updated assessments of the market's ever-changing pay data.

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Arcoro

Modular HR management solutions providing over 10,000 high-compliance companies with an easier way to grow and manage their workforce. Streamline hiring and pre-hire onboarding. Secure top talent and check every compliance box. Automate HR and workforce management. Enjoy seamless post-hire onboarding, HR compliance and employee engagement for your high-risk business. Utilize performance and learning software to nurture management-employee relations, develop strong leadership, and remain legally compliant when workforce changes occur.

Starting Price: $159 per month

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PayReview

Evoque Advisory

With PayReview, you'll have instant access to benchmark and position salaries. Offering the best compensation packages is key to attain, retain and motivate your workforce. We enable Internal and External benchmarking to ensure parity between employee salaries at the time of hiring and salary reviews. Detailed insights like organization parity, performance distribution, budget utilization etc. eliminates your dependence on antiquated survey data and helps you to attract and incentivize employees with competitive salary structure. Different metrics available provide employer with discretion in allocating one time bonus, variable pay and increments. Management can seamlessly identify and flag any increases that fall outside of strategies. Quickly identify attrition probability with robust and intelligence software With software intelligence and flexible compensation policies you can identify the rate of exit.

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Paydata PayReview

Paydata

Our HR software, PayReview, has been specifically designed to assist Human Resource departments in managing and tracking pay reviews efficiently within the business; saving on both time and expense. PayReview software can be used alongside your industry salary benchmarking review, providing a central location to record employee appraisals and salary suggestions against budget restrictions. Our customers have advised that by using our dedicated streamlined software, they have saved their HR departments more than 500 hours each year during their pay review, reaching timescales that have previously been unachievable. We can provide various levels of support during your use of PayReview software, including access to online training videos, tutorials and dedicated email and telephone support for your business. The PayReview service has been designed to complement your pay review process, providing a central collaborative platform to encourage clear communication between administrators.

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LaborIQ

ThinkWhy

LaborIQ by ThinkWhy is the leader in talent tech software, delivering the most accurate compensation data for over 20,000 jobs across all U.S. cities and industries. Users gain unlimited reporting and access to salary data validated against 3 trillion data points and over 400,000 company payrolls. Leverage employment reporting and forecasts, talent supply and wage demand insights, salary benchmarking, and custom reporting tools for strategic talent and business planning. Data-driven talent acquisition solutions for today's hiring. Unlimited access. Unlimited reports. Unlimited use. Compare salaries across jobs in all U.S. cities. Know market compensation demands to compete for talent. Identify pay gaps and retention risks early. Remove the guesswork. Recruit and hire faster. Find instant answers for talent supply and market-driven compensation. Any role. Any location. Any industry. LaborIQ transforms complex data into smart answers, making your job easier.

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Horsefly

The Most Comprehensive & Accurate Labor Market Data Available. Make smarter and informed hiring and strategic decisions with global talent market data. Easy to use interface can be learned in minutes. Data is collected from multiple sources making Horsefly the most accurate and robust collation of data on the market. Data is available for all the major markets and new sources are being added continuously. Our data is taken from the greatest amount of sources and meticulously cleaned so you can rely on it to make mission critical decisions. Find hidden talent pools with availability, and where skill shortages exist, map alternative industries and identify transferable skills. Powerful AI-Based Solution Enabling Workforce Planning, Talent Sourcing, And Employer Branding For Global Enterprises. HORSEFLY analytics software is an exclusive talent mapping & talent planning software tool providing extensive real-time candidate insights using big data and artificial intelligence.

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Figures

Figures is Europe's leading compensation management platform, helping mid‑market companies and enterprises to make fair and efficient salary decisions. Figures is the collaborative compensation management platform designed for mid-market companies and enterprises to make fair and informed salary decisions. With educational content and collaborative features, Figures boosts efficiency through a centralized platform, offering a seamless interface for managers and stakeholders to prepare companies for the upcoming era of pay transparency. By integrating real-time market data and performance ratings in one place, fair compensation decisions have never been so easy to make. All the up-to-date data you need is transformed into tangible recommendations to leverage in one secured place. Managers and stakeholders discover a seamless space for collaboration, making pay communication with employees incredibly straightforward.

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Ravio

Global tech companies trust Ravio for real-time total reward benchmarking, market trends, and compensation management. Compare your compensation to live data across salary, equity, variable pay, and benefits, sourced directly from global tech companies like yours. Connect your HR system, and Ravio's team will map your employees (or level framework) to the relevant Ravio benchmark. Adjust as you grow to ensure apples-to-apples comparisons. Compare your employees’ total reward packages to live market data. Filter by industry, headcount, funding stage, and more to ensure relevance to your business. Balance people's objectives and budget realities with easy-to-use salary bands and budget forecasting, all in one place. Help managers, finance, and talent acquisition teams have informed conversations by providing the “why” behind every compensation decision. Eliminate the back-and-forth with transparent salary bands.

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SalaryExpert

ERI Economic Research Institute

Find out how you can retain top talent using reliable compensation data. Utilize our compensation information to help determine how much you should be paid. Our compensation planning data, powered by ERI’s Assessor Platform gives compensation and HR professionals access to global salary data from all over the world. Find the right salary information to help your company stay competitive in the market and hire the right candidates. With thousands of job titles (including executive pay) and cost of living and compensation information from around the world, we are here to meet your compensation planning needs. Benchmark market rates for base salary, incentives, and total cash based on location, industry, and size. Customize those compensation rates based on experience, revenue/assets, skills, education, and certifications. Our salary survey data offers you access to curated datasets, innovative analyses, robust databases, and frequent job audits.

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compensly

Eliminate manual surveys and outdated data. We use our customers' HRIS, payroll, and cap table software to provide accurate and real-time compensation benchmarking data. Access reliable data instantly. Say goodbye to months of waiting and manual surveys. Tailored filters designed specifically for your industry make comparisons effortless. We obtain data directly from our client's HRIS, cap table, and payroll systems through API integrations. This not only saves you time spent on surveys but also ensures the reliability of the data, which is continuously updated in real-time. We provide you filters you actually need. Compare yourself to your peers and gain confidence in your data. Attain clarity by benchmarking leveling that aligns with your organizational structures, empowering you to effectively understand and leverage the data. We take data security seriously and encrypt your data both at rest and in transit.

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Pequity

Pequity delivers flexible compensation solutions, offering both full-service and self-service options to ensure precise, data-driven comp cycles and pay bands. Your data is safe with Pequity. With enterprise-grade security features like SOC 2 Type 2, GDPR compliance, MFA, SSO, and regular penetration testing, you no longer need to share sensitive compensation and employee data in spreadsheets. Pequity is built around the familiarity of spreadsheets with the power of automation at scale. Pequity is designed to match the level of complexity and transparency for your unique compensation structure, meeting your program where it's at today, and taking it to where it will continue to grow. Pequity is the single hub for all stakeholders to align on compensation. Communicate and collaborate with peers, leaders, managers, recruiters, business partners, employees, and candidates, to get everyone to champion your comp philosophy.

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Kamsa

Let global market data and experienced compensation experts guide your biggest investment, your people. Make data-driven pay decisions. Our hybrid approach combines Kamsa's curated, real-time compensation data with our expert consultants to inform, support, and implement client compensation strategies and initiatives. Collected from over 500+ companies, for more than 2,000+ jobs in 80+ global market data cuts. Seamlessly plan and manage job leveling and career paths. Our AI-powered compensation platform allows you to compare your employee’s pay to the market, view compensation trends, budget instantly, and roll out salary and equity compensation reviews. Partner with our compensation consultants, working as part of your team, to strategize your pay priorities. Kamsa matches your roles to accurate market data through our robust, yet simple onboarding process. Leverage our compensation and equity market data to efficiently job level, workforce plan, establish compensation ranges, etc.

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Compare the Top Salary Benchmarking Tools for Startups as of November 2024

What are Salary Benchmarking Tools for Startups?

CompUp

Workday HCM

OpenComp

Compease

Decusoft Compose

Carta

Payfactors

CompTool

PROSFY

LiveRem

CompAnalyst

beqom

Heartpace

Compport

Pave

Orbit Pro

Barley

Salary.com

MarketPay

Arcoro

PayReview

Paydata PayReview

LaborIQ

Horsefly

Figures

Ravio

SalaryExpert

compensly

Pequity

Kamsa