OpenComp Features
What are the features of OpenComp?
Platform
- Customization
- Integration APIs
- Internationalization
- User, Role, and Access Management
- Performance
- Mobility
- Reporting
- Dashboards
- Reward Structuring
- Workflow Automation
- Compensation History
- Automated Compliance
- Embedded Analytics
- Reporting Capabilities
- Compensation Data Management
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Technology Glossary Features
View definitions of the features and discover new technology terms.
OpenComp Categories on G2
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Platform
Customization | Allows administrators to customize to accommodate their unique processes. Includes ability to create custom objects, fields, rules, calculations, and views. This feature was mentioned in 16 OpenComp reviews. | 80% (Based on 16 reviews) | |
Integration APIs | As reported in 15 OpenComp reviews. Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications. | 76% (Based on 15 reviews) | |
Internationalization | Enables users to view and transact business with the same content in multiple languages and currencies. This feature was mentioned in 12 OpenComp reviews. | 83% (Based on 12 reviews) | |
User, Role, and Access Management | Based on 16 OpenComp reviews. Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. | 92% (Based on 16 reviews) | |
Performance | Is consistently available (uptime) and allows users to complete tasks reliably. 16 reviewers of OpenComp have provided feedback on this feature. | 88% (Based on 16 reviews) | |
Mobility | Is accessible from a mobile device and by users on the go. This feature was mentioned in 13 OpenComp reviews. | 86% (Based on 13 reviews) | |
Reporting | Based on 14 OpenComp reviews. Provides analytics tools that reveal important business metrics and track progress. | 86% (Based on 14 reviews) | |
Dashboards | As reported in 16 OpenComp reviews. Has a centralized dashboard for users to interact with. | 90% (Based on 16 reviews) | |
Reward Structuring | Based on 12 OpenComp reviews. Define compensation packages and allowance plans within the system. Specify the various components of compensation, including base pay, bonuses, and equity. Structure compensation pools and hierarchies for continual planning. | 83% (Based on 12 reviews) | |
Event Management | Coordinate new hire, transfer, promotion, and termination events within the system using rules to automatically facilitate the associated compensation adjustments. 11 reviewers of OpenComp have provided feedback on this feature. | 76% (Based on 11 reviews) | |
Workflow Automation | As reported in 12 OpenComp reviews. Streamline the flow of work processes by establishing triggers and alerts that notify and route information to the appropriate people when their action is required within the compensation process. | 88% (Based on 12 reviews) | |
Compensation History | See feature definition | Access employee compensation history and talent records when evaluating compensation adjustments to inform decision making. This feature was mentioned in 14 OpenComp reviews. | 88% (Based on 14 reviews) |
Automated Compliance | Based on 11 OpenComp reviews. Maintain compliance with corporate policies, state mandates, and federal regulations regarding compensation with built in compliance features, including automated identification and flagging of unapproved behaviors. | 86% (Based on 11 reviews) | |
Performance Management Integration | Integrate employee performance data from a third-party performance management solution to supplement compensation history and establish pay-for-performance compensation structures. 10 reviewers of OpenComp have provided feedback on this feature. | 78% (Based on 10 reviews) | |
Embedded Analytics | View budgetory allocations across the organization, compensation information related to individual employees or departments, and underlying compensation trends in analytics dashboards embedded in the system. This feature was mentioned in 12 OpenComp reviews. | 90% (Based on 12 reviews) | |
Reporting Capabilities | Create standard and ad-hoc reports of compensation data within the system. Trends and other graphical representations of data displayed by analytics dashboards can be included in reports. 12 reviewers of OpenComp have provided feedback on this feature. | 88% (Based on 12 reviews) | |
Compensation Data Management | See feature definition | Easily import data into or export data from the system, and access employee compensation data quickly within the system. Create compensation hierarchies so that managers can access relevant team information. 13 reviewers of OpenComp have provided feedback on this feature. | 95% (Based on 13 reviews) |
Internationalization | Extend compensation configurations around the globe using flexible location profiles, multiple language options, and automatic currency conversion tools within the system. | Not enough data |
Benchmarking and Equity - Compensation Management
Benchmarking Data | Displays and compares pay equity information, comparing the parity of pay across demographics. | Not enough data | |
Pay Equity | Comes with native pay equity module or capabilities. | Not enough data | |
Salary Bands | Facilitates organizing workers into salary bands and comparing or contrasting across different levels in the organization. | Not enough data |
Core Features - Salary Benchmarking Software
Dashboard | Presents customizable compensation dashboards with data visualizations. | Not enough data | |
Industry Benchmarking | Sets compensation benchmarks based on data from industry competitors. | Not enough data | |
Hierarchy | Includes pay or crediting rules to organize salary structure into relevant hierarchy. | Not enough data |
Auditing - Salary Benchmarking Software
Reporting | Enables users to create customized reports on compensation packages for auditing purposes. | Not enough data | |
Accuracy | Checks accuracy and transparency of data for auditing purposes. | Not enough data |
Advanced Features - Salary Benchmarking Software
Structure | Includes pay rules to organize salary structure into relevant hierarchy. | Not enough data | |
Offer Letter | Automaticaly generates an offer letter or autofills an offer letter template containing appropriate salary and benefits details. | Not enough data | |
Salary Survey | Generates internal or external surveys for organizations to conduct indepedent salary reach when determing benchmarks. | Not enough data | |
Equity | Provides equity benchmarking for organizations that offer such benefits. | Not enough data | |
AI | Uses AI to project an appropriate salary based on job description or other datasets. | Not enough data |
Platform - Compensation Planning
Compensation Budgeting | Structures compensation pools and pay brackets that include the pay rules to facilitate continual planning for the organization. | Not enough data | |
Merit Cycle Planning | Manages compensation for merit cycles and transparently shares payscales when employees are eligible for raises and bonuses. | Not enough data | |
Pay Transparency | Provides open access when it comes to company salary ranges, as well as displaying reasoning for salary decisions from management. | Not enough data | |
Automated Compliance | Maintains compliance with corporate policies, state mandates, and federal regulations regarding compensation with builtin compliance features, including automated identification and flagging of unapproved behaviors. | Not enough data | |
Reward Structuring | Defines the various components of compensation packages, allowance plans, base pay, bonuses, and equity. | Not enough data | |
Compensation History | Accesses employee compensation history and talent records when evaluating compensation planning strategies. | Not enough data |
Additional Features - Compensation Planning
Reporting Capabilities | Creates standard reports on compensation data from the company, as well as graphical representations of data displayed by analytics dashboards. | Not enough data | |
Workflow Automation | Streamlines compensation planning processes by establishing triggers and alerts that automatically notify users when their input is required. | Not enough data | |
Integrations | Intergrates with other pay tools such as compensation management, salary and benchmarking, and pay equity software - as well as other HR solutions. | Not enough data |
