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.
rEAL-TIME comp DATA
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.
Real-Time Comp 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.
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.
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.
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.”