CompTrak Review
What is CompTrak?
CompTrak is a comprehensive HR solution that focuses on compensation management. It aims to transform the means of managing compensation plans when it comes to incentive, merit, and equity. The platform allows users to customize, innovate and manage compensation plans globally while ensuring they align with strategic corporate objectives. CompTrak features real-time visibility for roll-up reporting, bonus workflow management and an interactive statement interface for employees.
CompTrak provides real-time collaboration by delivering the same information and data to every business department, instantly. The solution offers complete visibility and transparency by automatically generating statements and reports for each layer of the business. With Total Rewards Statements, employees are educated on the complete investment made and available to them through an easy-to-navigate, intuitive and mobile-responsive online rewards statement feature. Call-outs, glossaries and hover texts can be incorporated to make sure that all employees have maximum comprehension of their particular rewards.
Show MoreOverview of CompTrak Benefits
Compensation Management
CompTrak offers end-to-end compensation management in a single platform. It is capable of simplifying the whole cycle of the compensation process. It is equipped with workflows that ease everything from plan designs to bonus calculations and Total Rewards statement delivery. CompTrak provides a proactive notification tool that eliminates the time pressure and uncertainty within the compensation cycle.
Equity Plan Management
CompTrak allows users to deliver and administer LTIP and equity plans digitally, keeping employees engaged. The platform delivers flexibility to accommodate the uniqueness most organizations require for their LTIP programs. The platform is set-up to automate and centralize management, tracking and control of variable deferrals, vesting periods and help to report on and manage to, regional compliance requirements. Employee self-service access is provided for reports and statements.
Total Rewards Management
CompTrak allows users to educate the workforce through an intuitive online total rewards statements. It offers dynamic individualized statements that improve employee morale and increases retention. Often missed data such as healthcare benefits, allowances, insurance premiums, discounts, retirement contributions, and reimbursement can be tracked and included in a statement. Additionally, CompTrak provides role-based security features and administrative tools for information security and protection.
Compensation Plan Governance
CompTrak allows users to assign an owner to every compensation plan. It has adjustable audit and review frameworks coupled with notifications for reminders. Additionally, the solution is capable of issuing logs and offers actions for follow-ups.
Show MoreOverview of CompTrak Features
- Compensation Management
- Auditing & Compliance
- Equity Plan Management
- Workflow Management
- Compensation Plan Governance
- Document Management
- Forecasting and Financial Modeling
- At-a-Glance Dashboards with Real-Time Summaries
- Extensive Reporting Capabilities
Awards & Quality Certificates
CompTrak Position In Our Categories
Because companies have particular business demands, it is only logical they abstain from paying for a one-size-fits-all, “perfect” software system. Just the same, it is nearly futile to discover such a software system even among popular software products. The best thing to do should be to write down the numerous major functions that require research like crucial features, budget, skill levels of the employees, company size, etc. Then, you must do your product research through and through. Browse through these CompTrak review articles and explore the other software solutions in your shortlist in detail. Such well-rounded product research ensures you circumvent poorly fit apps and select the one that meets all the function your business requires to be successful.
Position of CompTrak in our main categories:
TOP
500
CompTrak is one of the top 500 HR Management Software products
If you are considering CompTrak it may also be beneficial to investigate other subcategories of HR Management Software listed in our base of B2B software reviews.
Companies have diverse wants and requirements and no software application can be ideal in such a situation. It is futile to try to find an ideal out-of-the-box software app that meets all your business needs. The smart thing to do would be to modify the solution for your special requirements, staff member skill levels, finances, and other aspects. For these reasons, do not rush and pay for well-publicized leading applications. Though these may be widely used, they may not be the perfect fit for your particular wants. Do your research, check out each short-listed platform in detail, read a few CompTrak HR Management Software reviews, contact the seller for explanations, and finally select the application that offers what you need.
How Much Does CompTrak Cost?
CompTrak Pricing Plans:
Free Trial
Quote-Based Plan
Contact vendor
What are CompTrak pricing details?
CompTrak Pricing Plans:
Free Trial
Quote-Based Plan
Contact vendor
CompTrak offers quote-based SMB and enterprise pricing plans.
User Satisfaction
Positive Social Media Mentions
24
Negative Social Media Mentions
0
We are aware that when you decide to purchase a HR Management Software it’s important not only to learn how experts score it in their reviews, but also to discover if the real people and businesses that bought these solutions are actually satisfied with the service. Because of that need we’ve designer our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and CompTrak reviews across a broad array of social media sites. The information is then displayed in an easy to digest way showing how many users had positive and negative experience with CompTrak. With that information at your disposal you should be prepared to make an informed buying decision that you won’t regret.
Screenshots
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for CompTrak?
CompTrak has OOTB (out of the box) integrations for the following systems:
- SAP HCM
- Successfactors
- Workday
- Cornerstone
- UltiPro
It can also integrate with most payroll processors.
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