Product Suite Overview

OpenComp’s compensation management software is an end-to-end suite of tools, each addressing a critical piece of your compensation strategy.

Global Comp Data

Global Compensation Data

Use of compensation management software to access global compensation data and make informed pay decisions.
OpenComp aggregates up-to-date salary, bonus, and equity benchmarks for every role and region, sourced directly from HRIS, payroll, and equity systems.
With accurate market data available, you can confidently craft competitive pay packages that keep you relevant and your employees feeling valued.

Access real-time global compensation data to make informed pay decisions.OpenComp aggregates up-to-date salary, bonus, and equity benchmarks for every role and region, sourced directly from HRIS, payroll, and equity systems. With accurate market data at your fingertips, you can confidently craft competitive pay packages that keep you relevant and your employees feeling valued.

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Global Comp Data

Compensation Benchmarking

Our compensation benchmarking software easily connects with your HRIS and allows you to compare your company’s pay against the market – whether using OpenComp’s rich database or importing third-party survey data.
In seconds, identify how each employee’s compensation stacks up, so you can adjust and strategize with confidence.
With AI and ML-powered matching and normalization, compensation benchmarking that once took weeks happens instantly, allowing you to stay agile and competitive.

Know exactly where you stand with compensation benchmarking. Seamlessly connect your HR and equity data to compare your company’s pay against the market – whether using OpenComp’s rich database or importing third-party survey data. In seconds, identify how each employee’s compensation stacks up, so you can adjust and strategize with confidence. With AI-powered matching and normalization, benchmarking that once took weeks happens instantly, allowing you to stay agile and competitive.

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Global Comp Data

Merit and Bonus Cycles

OpenComp’s merit cycle software provides data-driven workflows to determine raises and rewards that truly motivate employees.
Allocate budgets, set eligibility rules, and manage approvals through a simple, step-by-step interface.
Track progress in one place and see real-time impact – then automatically generate personalized letters to communicate pay changes with employees at the click of a button.

Run merit increase and bonus cycles with ease. OpenComp’s merit cycle software provides data-driven workflows to determine raises and rewards that truly motivate. Allocate budgets, set eligibility rules, and manage approvals through a simple step-by-step interface. Managers get a full picture of each team member’s current pay relative to ranges and performance, enabling fair, consistent merit decisions. Track progress in one place and see real-time impact – then automatically generate personalized letters to communicate pay changes at the click of a button.

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Global Comp Data

Pay Strategy and Ranges

Our compensation management software helps you create clear, competitive salary ranges for every job level, department, and location, making for a scalable compensation framework that employees understand and appreciate.
Define a compensation philosophy and apply it consistently – balancing cash and equity, adjusting for geography, and even supporting remote pay policies.
Identify where current pay may fall outside your guidelines and address issues proactively.

Build a pay strategy that scales as you grow. OpenComp helps you create clear, competitive salary ranges for every job level, department, and location. Define a compensation philosophy and apply it consistently – balancing cash and equity, adjusting for geography, and even supporting remote pay policies. By eliminating guesswork in offers and promotions, you foster transparency and trust. Identify where current pay may fall outside your guidelines and address issues proactively. The result is a scalable compensation framework that employees understand and appreciate.

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Global Comp Data

Pay Equity Analysis

With our compensation management software, instantly uncover pay gaps across gender, ethnicity, or other demographics, and get the insights you need to take corrective action.
OpenComp’s platform provides detailed diversity, equity, and inclusion (DEI) metrics – from representation in pay bands to average performance scores by group – so you can bake objectivity and fairness into every pay decision.
Track pay equity over time and across teams & departments, and see how merit cycles or new hires affect your equity goals in real time.

Ensure fairness with continuous pay equity analysis tools. Instantly uncover any pay gaps across gender, ethnicity, or other demographics, and get the insights you need to take corrective action. OpenComp’s platform provides detailed diversity, equity, and inclusion (DEI) metrics – from representation in pay bands to average performance scores by group – so you can bake objectivity and fairness into every pay decision. Track pay equity over time and across teams, and see how merit cycles or new hires affect your equity goals in real time. With OpenComp, you create a culture of fairness and trust through equal pay for equal work.

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Global Comp Data

Total Rewards Statements

OpenComp’s total rewards management tools let you generate personalized total rewards statements that show employees exactly how valued they are.
In just a few clicks, produce visual, easy-to-read reports of each employee’s full compensation package: Salary, bonuses, equity, and benefits.
Educate your workforce on the current and future value of their equity grants with clear charts and visualizations.

Celebrate and communicate total compensation with ease. OpenComp’s total rewards management tools let you generate personalized total rewards statements that show employees exactly how valued they are. In just a few clicks, produce visual, easy-to-read reports of each employee’s full compensation package – salary, bonuses, equity, benefits, and how these have grown over time. Educate your workforce on the current and future value of their equity grants with clear illustrations. You can even meet pay transparency obligations effortlessly by including salary ranges on statements. What used to be a year-end fire drill is now an automated, ongoing process that reinforces trust and appreciation.

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Global Comp Data

headcount Planning

Tie your pay strategy into workforce planning by modeling hiring plans and budgets in the same compensation planning software solution.
OpenComp allows HR and finance teams to collaborate on scenarios – projecting how new roles, start dates, or changes in level will impact your payroll expenses, burn rate, and even equity dilution over a selected time horizon.
Balance financial prudence and strategy with competitive pay, and ensure you can grow your team sustainably, with clear visuals and data-driven forecasts that align with company goals and market realities.

Plan for the future with integrated headcount planning. Tie your compensation strategy into workforce planning by modeling hiring plans and budgets in the same platform. OpenComp allows HR and finance teams to collaborate on scenarios – projecting how new roles, start dates, or changes in level will impact your payroll expenses, burn rate, and even equity dilution over the next year or five. Balance financial prudence with competitive pay to ensure you can grow your team sustainably. With clear visuals and data-driven forecasts, you make strategic headcount decisions that align with company goals and market realities.

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Intelligent Offers

Ensure every job offer you extend is both competitive and compliant with your pay strategy.
Our compensation software shows the recommended salary range, peer compensation data, and past offers for similar roles as you put together a package – so you never fly blind.
All offer approvals are tracked with an auditable workflow, eliminating common delays and errors.
When you’re ready, generate a polished, interactive offer letter that clearly outlines the candidate’s offer terms (base pay, bonus, equity, benefits) in an engaging format.

Win candidates and streamline hiring with Intelligent Offers. This tool ensures every job offer you extend is both competitive and compliant with your pay strategy. See the recommended salary range, peer compensation data, and past offers for similar roles as you put together a package – so you never fly blind. All offer approvals are tracked with an auditable workflow, eliminating delays and errors. When you’re ready, generate a polished, interactive offer letter that clearly outlines the candidate’s total rewards (base, bonus, equity, benefits) in an engaging format. Hiring the best just got easier when your offers reflect the market and your company’s values.

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Global Comp Data

Compensation Consulting Practice

OpenComp’s Compensation Consulting Practice brings decades of expertise to help you develop and implement effective compensation strategies.
From crafting your company’s compensation philosophy and leveling frameworks to designing executive pay plans and incentive programs, our consultants work alongside your team to ensure you’re set up for success.
Whether you’re establishing salary ranges from scratch or conducting a detailed pay equity audit, our consulting services complement our software – giving you both the technology and the know-how to achieve your compensation goals.

Sometimes you need expert guidance to refine your compensation program. OpenComp’s Compensation Consulting Practice brings decades of expertise to help you develop and implement effective compensation strategies. From crafting your company’s compensation philosophy and leveling frameworks to designing executive pay plans and incentive programs, our consultants work alongside your team to ensure you’re set up for success. Whether you’re establishing salary ranges from scratch or conducting a detailed pay equity audit, our consulting services complement our software – giving you both the technology and the know-how to achieve your compensation goals.

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