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CompTrak Review

CompTrak
Our score: 8.0 User satisfaction: 100%

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.

Overview 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.

Overview 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

An award given to products that have recently entered the market but are already becoming very popular
This certificate is granted to products that offer especially good user experience. We evaluate how easy it is to start using the product and how well-designed its interface and features are to facilitate the work process.

CompTrak Position In Our Categories

Keeping in mind businesses have their own business requirements, it is only rational that they avoid purchasing a one-size-fits-all, “perfect” software system. Be that as it may, it would be difficult to find such an app even among branded software solutions. The reasonable step to undertake is to write down the numerous main functions which need consideration such as major features, price plans, skill capability of staff, business size, etc. The second step is, you must double down on your product research through and through. Have a look at some of these CompTrak reviews and scrutinize the other software systems in your shortlist in detail. Such well-rounded research guarantee you drop mismatched software solutions and subscribe to the system that includes all the tools your business requires.

Position of CompTrak in our main categories:

TOP 200

CompTrak is one of the top 200 HR Software products

If you are considering CompTrak it might also be sensible to examine other subcategories of HR Software listed in our database of B2B software reviews.

It's crucial to note that hardly any app in the HR Software category is an ideal solution that can match all the requirements of all company types, sizes and industries. It may be a good idea to read a few CompTrak HR Software reviews first as some software might dominate only in a really small set of applications or be created with a really specific type of industry in mind. Others might function with an intention of being simple and intuitive and therefore lack complex functions welcomed by more experienced users. There are also services that support a broad group of users and provide a rich feature set, but this usually comes at a more expensive price of such a service. Ensure you're aware of your needs so that you purchase a service that offers exactly the elements you search for.

How Much Does CompTrak Cost?

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 realize that when you make a decision to buy HR Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and CompTrak reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with CompTrak. With that information at hand you should be equipped 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?

  • email
  • phone
  • live support
  • training
  • tickets

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What are CompTrak pricing details?

CompTrak Pricing Plans:

Free Trial

Quote-Based Plan

Contact vendor

CompTrak offers quote-based SMB and enterprise pricing plans.

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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Reviewed By Jenny Chang
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