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Compensation Tool Reviews & Product Details

Compensation Tool Overview

What is Compensation Tool?

The CompensationTool was designed with one goal: Make a user-friendly market pricing tool that is affordable, without sacrificing functionality.

Compensation Tool Details
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Product Description

The CompensationTool was designed with one goal: Make a user-friendly market pricing tool that is affordable, without sacrificing functionality.


Seller Details
Year Founded
2016
HQ Location
Seattle, US
LinkedIn® Page
www.linkedin.com
10 employees on LinkedIn®

ML
Overview Provided by:

Recent Compensation Tool Reviews

Farid M.
FM
Farid M.Mid-Market (51-1000 emp.)
4.5 out of 5
"Compensation is Key for Good Employees"
It's Compensation strategy that envolves data of the employee to creat an Compentative salary range and helps to find manage budget also
CL
Cathy L.Small-Business (50 or fewer emp.)
4.5 out of 5
"Reporting issue solving"
Compensation Tool is an addition to the market. The reporting tools are excellent. It is helpful to have links to job postings for reference. There...
Kagan G.
KG
Kagan G.Mid-Market (51-1000 emp.)
5.0 out of 5
"Our experience with Compensation Tool has been excellent."
I like the visuals and data that is easily customizable. I also like the fact that we can use the tool in the UK, this will help our global rewards...
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Compensation Tool Media

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9 Compensation Tool Reviews

4.6 out of 5
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9 Compensation Tool Reviews
4.6 out of 5
9 Compensation Tool Reviews
4.6 out of 5

Compensation Tool Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
G2 reviews are authentic and verified.
CL
Bookkeeper / Accountant
Printing
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Compensation Tool?

Compensation Tool is an addition to the market. The reporting tools are excellent. It is helpful to have links to job postings for reference. There isnt much we find displeasing about the tool. Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

The tool lacks market data for making pay decisions. Falls short in providing real-time hourly information as well. Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

It makes benchmarking much easier, than before. Now comparing our salaries to industry norms guarantees that we remain competitive. Review collected by and hosted on G2.com.

Farid M.
FM
Freelancer
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic Review from User Profile
Incentivized Review
(Original )Information
What do you like best about Compensation Tool?

It's Compensation strategy that envolves data of the employee to creat an Compentative salary range and helps to find manage budget also Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

Sometimes it can't help you to draw the perfect strategy it's also need human mind too Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

It's helping to creat other hr operations related to salary and employees benefits Review collected by and hosted on G2.com.

AL
Analyst
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compensation Tool?

Very easy to use. Interface is quite simplistic to navigate yet provides great insights through advanced reporting. The innovating technology of Squirrel allows us to see data in real time and gauge the market. The functionality is great and has already given us a return on our investment. Compensation Tool was built by a comp professional for comp professionals. Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

Compensation Tool is new to the market compared to other well-known compensation software products. The tool does not have a job description to create JDs from scratch based on job title, but we are not creating that may jobs so it doesn't affect us. Though there are a ton of reports one can build, it would be great if there could be perhaps some training on the various reporting tools and how to construct such reports Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

The tool gives us the ability to make pay decisions based on real-time data. It is a critical piece in our mission to attract and retain our key talent and see where we are positioned versus other companies. Review collected by and hosted on G2.com.

Verified User in Financial Services
IF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compensation Tool?

The availability to see data on a company level and to use it as a complement to our salary surveys to see movement occurring on a daily basis. I love the innovation to leverage the landscape to provide compensation practicioners with an additional tool for the toolbox. It has excellent granularity, and I love how you can also search for keywords in the job descriptions. Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

Given that it is a relatively new tool, there will always be room to improve and fine-tune the experience. I would like to see the links to the actual job postings as they can be helpful when talking to my clients and allows them to go to these publicly available data sources to view in light of our recommendations and internal data. Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

The tool provides daily information on starting salaries, so it is very current and adds the availability to search based on a particular company. This proves to be very valuable and cannot be achieved via a salary survey. Additionally, this equips the compensation team with a resource that is also easily accessible by the general public and our clients in a unique way. Review collected by and hosted on G2.com.

JV
Compensation and Benefits Analyst
More Options
Validated Reviewer
Review source: Organic
What do you like best about Compensation Tool?

We have been using the compensation tool for a couple of months now and love the user-friendly dashboard and the number of ways to slice the data to find exactly what we are looking for! Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

There are not many things that we dislike about the tool. However, one enhancement that would be helpful is to be able to save searches from refreshing each month so each month, we can go into the device and export all the data we need in one easy pull. Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

The biggest problem Compensation Tool helps us address is providing our HRBPs with real-time hourly data. Other tools explored weren't real-time and would only refresh once a month. Review collected by and hosted on G2.com.

Kagan G.
KG
Senior Manager, Compensation & HR Shared Services
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Compensation Tool?

I like the visuals and data that is easily customizable. I also like the fact that we can use the tool in the UK, this will help our global rewards functionality. Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

We have not experienced any dislikes in our 9 months in the tool. Whenever I do have question, I am able to reach out to support and receive help via email or a scheduled meeting. Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

For us, Compensation Tool is solving any lag time in traditional compensation surveys. It is also providing a different type of data point. It has also been helpful for job descriptions and FLSA evaluation. Review collected by and hosted on G2.com.

PP
Manager, Compensation
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compensation Tool?

The Compensation Tool is user-friendly, has capabilities that is easy to share market matches to business partners. In addition, reporting features that saves time, and is easy to upload data and select market matches. Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

We are satisfied with the tool and its capabilities. Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

Staying organized by collecting all survey data in one tool. Easy to market match and share data with internal business partners. Review collected by and hosted on G2.com.

Verified User in Retail
UR
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Compensation Tool?

The software allows for quick and easy analysis of our market pricing. The tool is really helpful for us and has streamlined some of our processes, making our lives easier. Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

I wish the software had a salary survey data, but I would rather have no survey data rather than having employee reported survey data like some of the others tools out there. For the cost of the compensation tool, we bought a survey and it was still cheaper. Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

pay equity Review collected by and hosted on G2.com.

Verified User in Human Resources
AH
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about Compensation Tool?

The ease in matching company jobs to multiple survey sources.

Ease in uploading survey data and customizing what data elements we want to compare Review collected by and hosted on G2.com.

What do you dislike about Compensation Tool?

Not so much dislikes, but desire for further enhancements. Ability to customize dashboards and or use of plug ins such a Tableau. Review collected by and hosted on G2.com.

What problems is Compensation Tool solving and how is that benefiting you?

Ability to quickly bench mark company jobs to market data. Create reports showing company pay to market and internal equity. Review collected by and hosted on G2.com.