Manage Compensation with Ease
Why choose BambooHR® Compensation Management?
Pay your people fairly
Set fair salaries based on trustworthy salary data.
Attract top talent
Offer competitive compensation packages that attract the best people.
Streamline workflows
Automate compensation reviews and approvals.
Make data-driven decisions
Leverage insights to inform your compensation strategy.
Compensation doesn’t have to be complicated
COMPENSATION BENCHMARKING
Make equitable pay decisions with integrated Mercer data
Simplify your compensation strategy with integrated, reliable Mercer data—available right in BambooHR. Attract and retain top talent by offering fair, competitive pay and aligning your pay scales with industry standards.
LEVELS AND BANDS
Establish transparent pay practices and clear career paths
Managing consistent job levels and pay bands can be a challenge, but it doesn’t have to be. Clearly define and track career paths and salary ranges across your organization with built-in Levels and Bands tools.
COMPENSATION PLANNING
Simplify your entire compensation review process
Attract, retain, and reward top talent with a streamlined, efficient process. Optimize your compensation review cycles with our comprehensive tools:
- Cycle creation
- Budgeting
- Permissions
- Worksheets
- Currency conversion
- Notifications
- Compensation change communications
- Approvals
TOTAL REWARDS
Show your people just how much you value them
Help employees understand the full value of their total compensation, so they feel valued and motivated to stay. Provide a comprehensive view of their compensation, including salary, benefits, and other perks on one easy-to-view platform.
See how BambooHR Compensation Management works
Get even more out of BambooHR with 150+ integrations
Our Compensation Management customers say it best
Better compensation starts with better tools
"Compensation benchmarking has been an amazing new addition to our toolbox. It is quick and easy to do. It also allows us to make sure everyone is being paid fairly compared to other positions in our area."
Natalie Allen | Office Coordinator | FreeFlight Systems
Frequently Asked Questions
How does BambooHR ensure that the salary data is accurate in Compensation Benchmarking?
BambooHR integrates data from Mercer, a trusted global provider of market data. This includes Mercer Comtryx for worldwide tech-industry-specific benchmarks and comprehensive job title benchmarks for North America and Canada, but we're continuing to expand our available benchmarks. This ensures that the benchmarking data is reliable, accurate, and up-to-date.
Can I customize compensation workflows in BambooHR?
Yes, BambooHR offers customizable workflows for compensation planning, including cycle creation, budgeting, permissions, and approvals.
Does BambooHR support global compensation planning?
Yes, BambooHR's Planning tools support the entire process regardless of location, and tools like automatic currency conversion make that process easier.
How does BambooHR help with compensation communication?
BambooHR provides tools to streamline compensation change communications, ensuring that employees clearly understand their compensation packages.
Is Total Rewards included in BambooHR Compensation Management?
Yes, BambooHR automatically creates Total Rewards statements from your HRIS data, allowing employees to see a comprehensive view of their compensation, including salary, benefits, equity, and other perks.
