Introduction
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OpenComp impressed us with its ability to bring order to compensation chaos. The platform takes the guesswork out of salary benchmarking, range creation, and merit cycle execution—especially for companies without in-house compensation experts. From our hands-on testing and product demo, we saw how OpenComp’s tools—especially the range builder, DEI insights, and cycle management—equip HR and finance teams with the confidence to make equitable, data-backed pay decisions.
Ratings
Ease of Use
Best For
Key Differentiator
Price
Free Trial
PROS
- Real-time compensation benchmarking using global market data.
- Proprietary range builder tailored to company comp strategy.
- Offer and merit cycle workflows that simplify approvals and audits.
- Total reward statements for employee transparency.
- Integrates with 12+ HRIS tools and offers a public API.
CONS
- Some users noted a lack of two-way sync with specific HRIS systems.
- No feature (yet) for managing terminations or backfills with level tracking.
- Pricing can scale into six figures for larger orgs with advanced features.
Aeqium
Aeqium
OpenComp
OpenComp
beqom
beqom
HiBob
HiBob
Pave
Pave
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OpenComp is a compensation management platform built specifically for organizations with up to 1,500 employees that lack deep comp expertise within their HR departments. The tool was developed around the compensation philosophy of Nancy Connory, Salesforce’s first VP of HR. This foundational expertise is deeply embedded in the product, from how it helps set salary ranges to how it guides merit cycle decisions.
OpenComp’s Head of Customer Success showcased the platform’s clean UI and modular architecture during our in-depth product walkthrough. One standout is the comp range builder, which creates company-specific salary bands based on a short strategy survey. You can also import your ranges and benchmark them against live market data.
We also tested the offer tool, which lets hiring managers quickly draft and route comp offers with pre-approval paths and historical reference points. On the current employee side, OpenComp’s cycle tool automates salary increases, allows for budget controls, and incorporates performance data. We especially liked the real-time executive summary that shows budget burn, market position, and the percentage of workforce below range.
Regarding employee experience, the platform creates total rewards statements that break down each individual’s comp package, including base, equity, bonuses, and historical changes.
That said, there are some limitations worth noting. Several users report challenges with certain HRIS integrations, including a lack of real-time two-way sync. Additionally, OpenComp currently lacks native support for managing terminations and backfill tracking by job level—features that would be valuable for organizations with evolving team structures. Finally, while pricing is flexible, it can escalate quickly for larger companies implementing the full suite of advanced tools.
While OpenComp doesn’t publicly list clients, they have worked with recognizable names in ecommerce, fintech, media, and publishing.
OpenComp pricing starts at $4,500 annually for base features like benchmarking and offer creation. More advanced functionality, such as range creation, cycle management, and DEI tools, can increase the price.
OpenComp is ideal for growing companies that want to professionalize their compensation practices without hiring a full-time comp leader. If your HR team is spread thin and your finance team needs clarity and control over pay decisions, OpenComp delivers expert-backed tools that scale with you.
