ClayHR rated as "Best HR software for Mid-sized Global Organizations". Read More!

Compensation Management Software for Fair & Accurate Pay

Design a data-driven compensation system to ensure competitive pay, accurate incentives,
and high employee engagement — within your budget.

Book a Demo

Features of ClayHR Employee Compensation Software

Automated Compensation Proposals

Streamline the creation and approval of compensation plans with automated workflows. Generate detailed comp letters at scale, ensuring accurate breakdowns of salaries, bonuses, benefits, etc. for transparent compensation management.
Dashboard of ClayHR compensation system shows automated workflows and detailed compensation letters with salary, bonuses, and benefits.
ClayHR interface aligns performance reviews like goal-based, skill-based, and pay for personalized compensation proposals.

Performance-Based Rewards

Link compensation proposals to performance reviews effortlessly for each employee. Support various review types—goal-based, competency-based, or hybrid—for seamless alignment between contributions and pay using ClayHR’s incentive compensation software.

Compensation Adjustments Beyond Performance

Maintain competitive pay per the local economic trends, by adding compensation factors other than performance. With ClayHR comp software, compensation can be implemented based on the cost of living, inflation, hourly contribution, etc.
ClayHR screen configuring non-performance-based pay updates for inflation, cost of living, and market adjustments.



Fair compensation is not just a good to have.
For us, it is a core investment in employee satisfaction and productivity.

Salary bands by location and role displayed within ClayHR's HR compensation management tool with transparency settings.

Dynamic Salary Benchmarking

Use the salary benchmarking feature of our HR compensation management tool to define salary bands by roles and locations. Address exceptions transparently in line with your corporate rules and local laws.

Real-Time Compensation Analysis

Filter and analyze compensation data by role, teams, departments, locations, time, etc. Generate dynamic comp reports to assess your organization’s financial landscape and plan employee compensation strategy accordingly.
Interactive charts on ClayHR comp software displaying compensation data by departments, roles, locations, and time frames.
Total compensation statements in ClayHR employee compensation management tool showing detailed breakdowns of employee pay.

Personalized Compensation Statements

With our Total Compensation Statements feature, provide each employee with a summary of their total compensation (bonus, benefits, overtime, etc.) for a given period. Enhance your pay transparency by showcasing the full value of employee earnings.

Looking for a HR Solution that Offers More than a Compensation Software?

Employee Expense Tracking

Easily manage and monitor employee expenses ensuring accurate reimbursements and streamlined financial compliance.

Learn more

SMART Goal Management

Set, track, and achieve employee objectives with a SMART goals framework to boost productivity and align team performance.

Learn more

Employee Performance Review

Gain actionable insights into employee performance trends with data-driven metrics to reward and boost their productivity.

Learn more

FAQs on Compensation Management Software for HR

What is compensation management software?
How does compensation management software work?
What should you look for in HR comp management software?
Which is the best compensation management software in 2025?
What is incentive compensation management software?
What is the difference between compensation software and payroll software?
Is there free compensation software for HR?
How much does compensation software cost?

Ready to Upgrade Your Employee Compensation Software?