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OpenComp description
OpenComp is a software platform that helps growing companies manage employee compensation. It provides data and tools to benchmark salaries, plan salary increases and bonuses, and ensure fair pay across the company. Using real-time data, it helps determine competitive salaries for new hires and internal promotions. OpenComp is designed to be user-friendly and aims to bring transparency and trust to compensation decisions. It offers a free plan for small businesses and tiered pricing for larger companies.
Who is OpenComp best for
OpenComp is a compensation management platform designed for growing companies, especially SMBs in the tech industry. It helps HR and compensation professionals make data-driven decisions by providing tools to benchmark salaries, plan salary increases and bonuses, and ensure fair pay. OpenComp offers a free plan for small businesses and tiered pricing for larger companies.
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Best for small to medium-sized businesses (SMBs).
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Ideal for tech companies focused on data-driven compensation decisions.
OpenComp features
| Supported OpenComp allows creating and sending interactive offer letters. |
| Supported OpenComp allows generating and sending personalized total reward statements. |
| Supported OpenComp supports pay equity analysis based on factors like gender and race. |
| Supported OpenComp provides a large database of salary data and market insights for informed compensation decisions. |
| Supported OpenComp streamlines compensation planning, including merit increases, bonuses, and rewards. |
| Supported OpenComp allows creating, managing, and sharing custom salary bands. |
| Supported OpenComp supports salary benchmarking with AI-powered tools and real-time market data. |
OpenComp pricing
The commentary is based on 8 reviews from OpenComp G2 reviews.
OpenComp offers three product bundles: Comp Benchmarking, Comp Strategy, and Comp Cycles. Each bundle includes a different set of features. No pricing information is available on the website.
Users sentiment
See the OpenComp pricing page.
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OpenComp has a free trial.
OpenComp alternatives
CompUpBetter fit for companies focused on the Indian market. Has people analytics features. OpenComp is growing faster.Read more
QuintoBetter for creating consistent job descriptions and integrates with Workday. Has more momentum currently. A strong OpenComp competitor for government and professional services.Read more
MarketPayBetter fit for larger enterprises. Focuses on compensation management, benchmarking, and trend analysis. Stronger customer support and positive pricing sentiment. However, some users find the search and reporting functionalities cumbersome. A strong OpenComp alternative for global compensation management.Read more
PaycorBetter fit for mid-size and large businesses. Broader industry application. More HR features beyond compensation management. Negative user sentiment around customer service.Read more
ComprehensiveBetter fit for larger enterprises. Has more momentum. Focuses on professional services, finance, and software industries.Read more
HireologyBetter for multi-location businesses, especially in retail automotive, healthcare, and hospitality. Focuses on streamlining the entire hiring process, from attracting candidates to onboarding. A good Hireology alternative for compensation management.Read more
OpenComp FAQ
What is OpenComp and what does OpenComp do?
OpenComp is a compensation management platform for growing businesses. It leverages real-time data to benchmark salaries, plan increases and bonuses, and ensure pay equity. It's designed for ease of use and offers a free plan for small businesses.
How does OpenComp integrate with other tools?
OpenComp integrates with various HR and payroll systems, though specific integrations are not explicitly listed. This streamlines compensation workflows and centralizes data for efficient management. It also facilitates offer letter creation and total rewards statements.
What the main competitors of OpenComp?
Alternatives to OpenComp include MarketPay, Comprehensive, Payfactors, Pave, and Salary.com. These platforms offer similar functionalities such as salary benchmarking, compensation planning, and ensuring pay equity. They primarily serve HR and compensation professionals.
Is OpenComp legit?
OpenComp appears legitimate, offering compensation management software with transparent pricing and a free plan option. It has positive ratings on Glassdoor and is experiencing significant employee growth, suggesting a growing company. For more in-depth information, research OpenComp reviews and explore user experiences.
How much does OpenComp cost?
There is no pricing information available for OpenComp. Therefore, it is difficult to assess whether the product is worth the investment. More product pricing details are needed.
Is OpenComp customer service good?
OpenComp's customer service is generally considered very responsive and helpful, based on user reviews. Users mention quick responses to questions and assistance with resolving data discrepancies. Support and onboarding are frequently praised as being smooth and efficient.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.