Compensation Tool is the easiest and most affordable market pricing and compensation benchmarking software available. Whether you are a start-up, a Fortune 500, or a consulting firm, we have a solution for you.
Compensation Tool includes Squirrel, our real-time salary and wage data collected from millions of job postings where the hiring ranges are included in the job description. Since this isn’t a traditional salary survey, we can show you data from yesterday, and the company that’s doing the hiring. Squirrel is one of the most powerful tools in the Compensation Practitioners toolbelt.
EASY TO USE
We designed Compensation Tool through the lens of the compensation analyst and aimed to develop an intuitive benchmarking tool. All the important information is right there, and all of the details are just a click away.
Created by Compensation Analysts, while we were Analysts
We’ve developed an intuitive and straightforward approach for updating and refreshing the data in Compensation Tool. 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.
AUTOMATE FEEDBACK COLLECTION
Take your compensation out of the black-box with our unique collaboration feature. Compensation Tool allows your team to share market matches and market data with your stakeholders with our seamless feedback collection tool.
CREATE DRAFTS OF YOUR MARKET MATCHES
Jobs may not have the same market value in different parts of the world. Our system allows you to market price the same job any number of times so you can determine the market value for your roles in any location, without having to make changes to your job table.
SEARCH YOUR SURVEYS INSTANTLY
Finding the right match in your survey library can be like finding a needle in a haystack. Our survey manager is your proverbial magnet, allowing you to filter, search and find the right market match faster and more accurately.
Live Compensation Data
There’s never been a more detailed wage and salary database, developed by compensation practitioners – designed to solve today’s problems.
Squirrel is our newest feature to come to Compensation Tool and is not like your regular survey, but that’s a good thing. Safe Harbor guidelines require that traditional salary surveys be at least 90 days old and anonymous. Since we’re using publicly available job postings with advertised salary ranges, things are different.
With Squirrel, we can show you data from yesterday, we can even show you the Company and what they’re willing to pay for their roles.
Easy Market Pricing
Market Price Your Jobs Quickly
Our market pricing tool is easy to use, fast, and auto-saves your progress. We’ve made it our priority to make the whole compensation benchmarking process easy and efficient.
Find the Local Market Value
Our tool ensures you’re paying competitively in the markets that you compete for talent in. With Compensation Tool, you can easily establish the local market value for each role, in the locations that you operate in.
Salary Survey Management
One of the pillars of Compensation is great market data, so we designed Compensation Tool with an emphasis on squeezing as much as you can out of your salary surveys.
In addition to providing an easily searchable salary survey library, Compensation Tool can age the survey data, create market analytical reports, determine geographic differentials and convert to various currencies. Our survey management tool is so powerful, it’s a product of it’s own.
Clearly Communicate Compensation
We have designed our reports for both the compensation analyst and the business stakeholders so you can create informative reports and graphics that are also easy to understand.
As compensation practitioners, we refined our skills and maintained a strong focus on keeping things simple yet beautiful. Those principles got us far in the Corporate world, and we’ve applied those same ideas in Compensation Tool.
Advanced HR Reporting
Our growing list of advanced reports, powered by Tableau, allow you to run cost modeling, gender and diversity analyses, compliance reports and more. Every report was designed to answer a question about how your Organization’s pay philosophy is impacting your competitive and equitable stance. Whether it be an employee dashboard, a job dashboard or a salary survey dashboard, Compensation Tool allows you to instantly customize each dashboard so you are able to share what you want, with whom you want.
All of the reports can be exported as PDFs, Power Points and excel files.
Job Description Management
Create, store, organize, and edit your entire job description library with Compensation Tool. The job description manager supports the rapid development of job descriptions by allowing you to drag and drop job descriptions directly from your salary survey library into your internal job descriptions. Additionally, you can document the FLSA status of each job by completing the included FLSA tests. Best of all: the job description manager comes with Compensation Tool, standard.
We Know Compensation:
From our experience as Compensation Practitioners, we’ve discovered a lot of approaches and practices that made our jobs easier. Check out our most recent articles about compensation:
So, what do people think about us?
Dont’t take our word for it – here’s what our clients say:
This implementation was very easy and the templates were straightforward. Probably the most painless implementation I’ve been a part of so thank you.
Just wanted to send a quick note to say THANKS for all your help in offering a nice product and quickly making huge improvements based on recommendations. I wanted to let you know that I’m getting fantastic feedback from the team on the tool and improvements that have been made. The comparison functionality rocks dude!
The tool is not only an enormous time-saver for our team, but really “up-levels” our analyses and market-pricing reviews (our HRBPs and leaders LOVE the PDF summaries for reviewing matches). I never thought we’d actually be able to have a tool or system because of budget constraints, so this was truly a gift.
“Due to the sensitive nature of our engagements and our strict adherence to confidentiality, names have been withheld for these testimonials; however references are available upon request.”