Your entire comp decision workflow is covered here.
Global Comp Data
Global Comp Data
Make informed pay decisions.
Get up-to-date insights on market rates for salary, bonus and equity for every role in your organization. With access to OpenComp’s global comp data, you can confidently craft pay strategies that are competitive, informed and keep employees feeling valued.
“OpenComp gave us one reliable source for comp data and the compensation software to use it.”
Dawn Raagas,
VP People Ops, Daasity
Get access to accurate, first party pay data sourced directly from HRIS, equity management, and payroll systems via real-time API syncs.
Stay current on shifting compensation trends with data that is frequently updated and never stale
Feel confident knowing that data is verified by advanced technologies that ensure the highest level of accuracy.
BENCHMARKING
Benchmarking
Know exactly where you stand on comp.
Seamlessly connect your existing HR and equity systems with OpenComp to compare your company’s pay plans against our global comp data or a third-party source. Get a holistic picture of your organization and your industry to build a pay strategy that lets employees know you’ve got their back.
“OpenComp's real time data is an awesome way to stay competitive in the market.“
Amanda Giskok,
HR, Analyst. Panther Labs
Easily connect your HRIS and equity systems for benchmarks that are always up to date with your most current employee data.
“OpenComp solved the issue of having data we were confident in, at the time we need it.”
Samantha Kingler,
Director of HR, Bowery Valuation
Benchmark your entire employee population in less than thirty seconds with our AI-powered benchmarking process that normalizes, levels and matches your data for apples to apples comparison.
Import third-party data sets for benchmarks across multiple data sets.
MERIT AND BONUS CYCLES
Merit and Bonus Cycles
Reward performance to motivate employee engagement.
Determine comp adjustments with data-driven workflows. Get a full picture of employees’ comp in the context of your company’s pay strategy and industry benchmarks so managers can make informed comp adjustments that reward and motivate the team.
“Using OpenComp elevated hiring and merit cycle conversations to the level of science.”
Sheri Kelleher,
SVP People, Incorta
Assign budgets, set eligibility criteria and determine approval workflows all with a simple, step-by-step wizard.
Track each manager’s progress and respond to inquiries from one central location.
See the impact of your cycle in real-time and immediately identify and correct issues.
Automatically generate letters to inform employees of their increases and promotions at the click of a button.
PAY STRATEGY AND RANGES
Pay Strategy and Ranges
Eliminate comp conflict with a data-driven strategy.
Create a culture of consistency and transparency by defining a compensation strategy for your company. With salary ranges for each location and role, you can eliminate guesswork as you hire and reward employees.
“With OpenComp, we can build trust with employees by showing we have a strategy and aren’t making random decisions.”
Rachel Kratz,
Chief of Staff, Qwick
Effortlessly build your own expert-grade salary ranges that balance cash and equity, incorporate location strategies and apply remote pay policies.
“Our compensation framework went from sufficient to scalable because of the work we did with OpenComp.”
Kate Martin,
VP People & Culture, Sila
Easily identify areas where existing comp may not be aligned with your company’s pay strategy.
“We needed to build a compensation strategy and OpenComp made it possible.”
Samantha Kingler,
Dir of Human Resources & Technology, Bowery Valuation
Consistently see pay ranges throughout the OpenComp system to help with all comp decisions (from offers and merit increases to pay equity).
PAY EQUITY
Pay Equity
Create a culture of fairness and trust.
Immediately identify pay disparities by gender or ethnicity. With continuous insight into the state of your organization’s equity and inclusion efforts, you can ensure objectivity is built directly into your comp strategy.
“The OpenComp platform helps us address any pay inequities and give our team the pay equality they deserve.”
Annie Vasishta,
Team Experience Lead, Landed
See detailed comp metrics for demographic groups, like share of equity, average job level, average performance score and more.
“The DEI tool is a must-have for any compensation team.”
Jess Foster,
VP of People, Fluxx
Track pay equity by department and within management teams to make sure all groups are paid and promoted fairly.
Quickly identify and correct gaps by seeing the real-time impact of merit and bonus cycles on pay equity initiatives.
TOTAL REWARDS STATEMENTS
Total Reward Statements
Show employees how valued they are.
Offer employees a clear picture of their total comp and how it’s evolved over time with a simple, visual report that illustrates salary, bonuses, equity and merit increases.
“Without OpenComp, we probably wouldn’t do total rewards. If we somehow managed to get it done, it would be at the end of the year and it would be difficult and frustrating.”
Stephanie Tate,
Head of People, Yummly
Effortlessly create and send clear, visual statements of total compensation using a simple, step-by-step wizard.
Illustrate the current and future value of equity grants with tools that make it easy to understand.
Meet local pay transparency requirements with the click of a button by enabling your employees to see applicable compensation ranges.
HEADCOUNT PLANNING
Headcount Planning
Plan strategically for your company’s future.
Grow your workforce strategically by balancing financial goals with fair and competitive pay practices. Predict future cash burn and dilution with data models that take into account your headcount needs, corporate pay strategy and industry benchmarks.
“OpenComp is incredibly reliable for helping us conserve cash and extend runway – while remaining relevant to top talent”
Rob Allen,
CFO Uqual
Effortlessly build models to see how headcount changes might impact expenses and burn.
“What would I have done without OpenComp to know my burn rates? Guessed, and guess[ed] poorly.”
Jeremy Shockley,
CEO/Founder ELEOptics
Quickly measure how changing the level, start date, or end date for a new hire will alter headcount expenses for the next month, year, or five years.
“OpenComp's comp tools allowed us to weigh the value of hires against the cost.”
Dawn Raagas,
VP People Ops, Daasity
Easily determine goals for your next financing round based on the team you’re hoping to build.
“Finance is over the moon in terms of tracking burn and headcount planning. If she needs to hire four engineers and I’ve used OpenComp to forecast the salary range for each, then she doesn’t have to do a lot on her side. I can just give her that comp data.”
Stephanie Tate,
Head of People, Yummly
INTELLIGENT OFFERS
Intelligent Offers
Win candidates with data-driven, competitive offers.
Grow your workforce strategically by balancing financial goals with fair and competitive pay practices. Predict future cash burn and dilution with data models that take into account your headcount needs, corporate pay strategy and industry benchmarks.
“Our offer competitiveness was an important payoff from our work with OpenComp.”
Demetrius Wallace,
Head of Talent, Sila
See ranges, peer data and past offers for the role you’re hiring so you can make informed decisions about comp packages.
Automate and track all offer approvals with a clear, auditable timeline and workflow.
Easily create and send interactive offer letters that showcase the entire benefit and compensation package.
Get up-to-date insights on market rates for salary, bonus and equity for every role in your organization. With access to OpenComp’s global comp data, you can confidently craft pay strategies that are competitive, informed and keep employees feeling valued.
“OpenComp gave us one reliable source for comp data and the compensation software to use it.”
Dawn Raagas,
VP People Ops, Daasity
Get access to accurate, first party pay data sourced directly from HRIS, equity management, and payroll systems via regular API syncs.
Stay current on shifting compensation trends with data that is frequently updated and never stale.
Feel confident knowing that data is verified by advanced technologies that ensure the highest level of accuracy.
Benchmarking
Know exactly where you stand on comp.
Seamlessly connect your existing HR and equity systems with OpenComp to compare your company’s pay plans against our global comp data or a third-party source. Get a holistic picture of your organization and your industry to build a pay strategy that lets employees know you’ve got their back.
“OpenComp's real time data is an awesome way to stay competitive in the market.“
Amanda Giskok,
HR, Analyst. Panther Labs
Easily connect your HRIS and equity systems for benchmarks that are up to date with current employee data.
“OpenComp solved the issue of having data we were confident in, at the time we need it.”
Samantha Kingler,
Director of HR, Bowery Valuation
Benchmark your entire employee population in less than thirty seconds with our AI-powered benchmarking process that normalizes, levels and matches your data for apples to apples comparison.
Import third-party data sets for benchmarks across multiple data sets.
Merit and Bonus Cycles
Reward performance to motivate employee engagement.
Determine comp adjustments with data-driven workflows. Get a full picture of employees’ comp in the context of your company’s pay strategy and industry benchmarks so managers can make informed comp adjustments that reward and motivate the team.
“Using OpenComp elevated hiring and merit cycle conversations to the level of science.”
Sheri Kelleher,
SVP People, Incorta
Assign budgets, set eligibility criteria and determine approval workflows all with a simple, step-by-step wizard.
Track each manager’s progress and respond to inquiries from one central location.
See the impact of your cycle in real-time and immediately identify and correct issues.
Automatically generate letters to inform employees of their increases and promotions at the click of a button.
Pay Strategy and Ranges
Eliminate comp conflict with a data-driven strategy.
Create a culture of consistency and transparency by defining a compensation strategy for your company. With salary ranges for each location and role, you can eliminate guesswork as you hire and reward employees.
“With OpenComp, we can build trust with employees by showing we have a strategy and aren’t making random decisions.”
Rachel Kratz,
Chief of Staff, Qwick
Effortlessly build your own expert-grade salary ranges that balance cash and equity, incorporate location strategies and apply remote pay policies.
“Our compensation framework went from sufficient to scalable because of the work we did with OpenComp.”
Kate Martin,
VP People & Culture, Sila
Easily identify areas where existing comp may not be aligned with your company’s pay strategy.
“We needed to build a compensation strategy and OpenComp made it possible.”
Samantha Kingler,
Dir of Human Resources & Technology, Bowery Valuation
Consistently see pay ranges throughout the OpenComp system to help with all comp decisions (from offers and merit increases to pay equity).
Pay Equity
Create a culture of fairness and trust.
Immediately identify pay disparities by gender or ethnicity. With continuous insight into the state of your organization’s equity and inclusion efforts, you can ensure objectivity is built directly into your comp strategy.
“The OpenComp platform helps us address any pay inequities and give our team the pay equality they deserve.”
Annie Vasishta,
Team Experience Lead, Landed
See detailed comp metrics for demographic groups, like share of equity, average job level, average performance score and more.
“The DEI tool is a must-have for any compensation team.”
Jess Foster,
VP of People, Fluxx
Track pay equity by department and within management teams to make sure all groups are paid and promoted fairly.
Quickly identify and correct gaps by seeing the real-time impact of merit and bonus cycles on pay equity initiatives.
Total Reward Statements
Show employees how valued they are.
Offer employees a clear picture of their total comp and how it’s evolved over time with a simple, visual report that illustrates salary, bonuses, equity and merit increases.
“Without OpenComp, we probably wouldn’t do total rewards. If we somehow managed to get it done, it would be at the end of the year and it would be difficult and frustrating.”
Stephanie Tate,
Head of People, Yummly
Effortlessly create and send clear, visual statements of total compensation using a simple, step-by-step wizard.
Illustrate the current and future value of equity grants with tools that make it easy to understand.
Meet local pay transparency requirements with the click of a button by enabling your employees to see applicable compensation ranges.
Headcount Planning
Plan strategically for your company’s future.
Grow your workforce strategically by balancing financial goals with fair and competitive pay practices. Predict future cash burn and dilution with data models that take into account your headcount needs, corporate pay strategy and industry benchmarks.
“OpenComp is incredibly reliable for helping us conserve cash and extend runway – while remaining relevant to top talent”
Rob Allen,
CFO Uqual
Effortlessly build models to see how headcount changes might impact expenses and burn.
“What would I have done without OpenComp to know my burn rates? Guessed, and guess[ed] poorly.”
Jeremy Shockley,
CEO/Founder ELEOptics
Quickly measure how changing the level, start date, or end date for a new hire will alter headcount expenses for the next month, year, or five years.
“OpenComp's comp tools allowed us to weigh the value of hires against the cost.”
Dawn Raagas,
VP People Ops, Daasity
Easily determine goals for your next financing round based on the team you’re hoping to build.
“Finance is over the moon in terms of tracking burn and headcount planning. If she needs to hire four engineers and I’ve used OpenComp to forecast the salary range for each, then she doesn’t have to do a lot on her side. I can just give her that comp data.”
Stephanie Tate,
Head of People, Yummly
Intelligent Offers
Win candidates with data-driven, competitive offers.
Grow your workforce strategically by balancing financial goals with fair and competitive pay practices. Predict future cash burn and dilution with data models that take into account your headcount needs, corporate pay strategy and industry benchmarks.
“Our offer competitiveness was an important payoff from our work with OpenComp.”
Demetrius Wallace,
Head of Talent, Sila
See ranges, peer data and past offers for the role you’re hiring so you can make informed decisions about comp packages.
Automate and track all offer approvals with a clear, auditable timeline and workflow.
Easily create and send interactive offer letters that showcase the entire benefit and compensation package.
