OpenComp
Compensation Management Software Designed by Compensation Experts.
Overview
OpenComp is a comprehensive compensation management solution that helps businesses manage their workforce compensation. The platform enables employers to access market salary data, define a compensation strategy, run benchmarking analyses, issue offer letters, manage merit cycles, ensure compliance with pay transparency laws, and conduct pay equity analyses. It aims to empower HR and finance teams to make equitable, data-backed pay decisions.
✨ Key Features
- Compensation Benchmarking
- Pay Strategy & Range Builder
- Merit and Bonus Cycle Management
- Pay Equity Analysis (DEI)
- Intelligent Offers
- Total Rewards Statements
- Headcount Planning
🎯 Key Differentiators
- User-friendly interface designed for HR and finance teams, not just compensation specialists.
- Proprietary range builder that creates company-specific salary bands from a strategy survey.
- Real-time benchmarking data sourced directly from customer HRIS systems.
- Integrated workflows for offers, merit cycles, and total rewards.
Unique Value: Democratizes compensation management by providing intuitive tools for benchmarking, range creation, and cycle execution, enabling companies to make confident, equitable pay decisions without needing in-house compensation experts.
🎯 Use Cases (5)
✅ Best For
- Streamlining offer letter creation and approval.
- Providing employees with clear total rewards statements.
- Automating salary increase workflows with budget controls.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Large enterprises with highly complex, global compensation structures may require more bespoke solutions.
- Companies that do not use a supported HRIS may have limitations in data syncing.
🏆 Alternatives
OpenComp is often seen as more user-friendly and accessible for mid-market companies compared to complex enterprise solutions. Unlike traditional survey providers, it uses real-time, crowd-sourced data, similar to Pave, but with a strong emphasis on guided workflows and strategy building.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Live Chat
- ✓ Dedicated Support (Comp Cycles / Enterprise tier)
🔒 Compliance & Security
💰 Pricing
✓ 14-day free trial
Free tier: NA
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