Buyers Guides for Compensation Software

2024 Software Provider and Product Assessment

The strategic oversight of compensation planning and management processes plays a crucial role in how businesses attract, retain and motivate talent within a competitive marketplace. Recent trends and innovations have significantly influenced this area, particularly through the adoption of technology and data analytics. As the digital transformation accelerates, enterprises are utilizing advanced software and artificial intelligence (AI)-driven tools to streamline compensation processes, enhance wage equity and personalize employee rewards. Additionally, the rise of remote work and the gig economy has prompted a re-evaluation of compensation strategies to accommodate diverse work arrangements and expectations. This evolution necessitates flexible and inclusive approaches that not only address the changing needs of the workforce but also foster a more engaged and productive workplace culture. 

For its 2024 Compensation Software Buyers Guides, ISG Software Research evaluated software providers across three platform categories – Compensation Management, Compensation Planning, and Total Compensation Management – and produced a separate Buyers Guide for each.

  • The Compensation Management Buyers Guide evaluates products that address key elements of compensation management as we define it. The guide assesses the following providers: ADP, beqom, Cornerstone OnDemand, Darwinbox, Dayforce, HiBob, HRSoft, Infor, isolved, Oracle, Paycom, Paycor, Paylocity, PeopleFluent, salary.com, SAP, UKG, Unit4 and Workday.
  • The Compensation Planning Buyers Guide evaluates products that address key elements of compensation planning as we define it. The guide assesses the following providers: 15Five, ADP, Anaplan, beqom, Cornerstone OnDemand, Dayforce, HRSoft, Infor, Lattice, Oracle, Pave, Payscale, PeopleFluent, salary.com, SAP, UKG, Unit4 and Workday.
  • The Total Compensation Management Buyers Guide evaluates products that address key elements of total compensation management as we define it. The guide assesses the following providers: ADP, beqom, Cornerstone, Dayforce, HRSoft, Infor, Oracle, PeopleFluent, salary.com, SAP, UKG, Unit4, and Workday.

To view the executive summaries of the research, please make a selection from the reports below.

To learn more about our Buyers Guide services for enterprises, including purchasing the complete research, advising on your software providers, conducting a workshop or performing an assessment, click here.

To learn more about our Buyers Guide services for software providers, including purchasing the complete research and charts or performing an assessment, click here.

Compensation Planning

ISG Research evaluates 18 software providers' offerings in the Compensation Planning Buyers Guide.

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Compensation Management

ISG Research evaluates 19 software providers' offerings in the Compensation Management Buyers Guide.

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Total Compensation

ISG Research evaluates 13 software providers' offerings in the Total Compensation Management Buyers Guide.

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