Compare the Top Free Salary Benchmarking Tools as of September 2024

What are Free Salary Benchmarking Tools?

Salary benchmarking tools are software tools designed to help organizations compare their compensation packages against industry standards and competitors. These tools provide insights into salary ranges, benefits, and compensation trends across different roles, locations, and sectors. By using data from various sources, such as industry reports and market surveys, they enable companies to ensure competitive and fair pay for their employees. This helps businesses attract and retain top talent while maintaining compliance with pay equity and regulatory standards. Ultimately, salary benchmarking tools support informed decision-making in designing competitive compensation strategies. Compare and read user reviews of the best Free Salary Benchmarking tools currently available using the table below. This list is updated regularly.

  • 1
    OpenComp

    OpenComp

    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
  • 2
    CompTool

    CompTool

    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.
  • 3
    PROSFY

    PROSFY

    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
  • 4
    LiveRem

    LiveRem

    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
  • 5
    Heartpace

    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
  • 6
    Pave

    Pave

    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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