Reviews For OpenComp

Rating: 4.8/5 - 11 reviews
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  • Rating: 5/5

    Cailean B

    Customer  | 3/20/2024

    I use OpenComp every day. The UI is very easy to use. Data is easy to pull and organize. We've used several different comp tools during my time here and this is by far the easiest to use. It also links seamlessly to our HRIS system to organize and benchmark current employees. We have already renewed and don't plan on changing anytime soon. Support is very good as well. They are quick to respond with answers to my questions.

  • Rating: 5/5

    Amy B.

    Customer  | 3/11/2024

    The platform allows me to maintain employee benchmarks for all employees with our updated information thanks to the connection with our HRIS. No manual entry! And my comp benchmarks are update whenever I need them. Rather than pour through data in a ton of other resources, I use OpenComp as my source of truth.

  • Rating: 5/5

    Michael S.

    Customer  | 1/3/2024

    Open comp allowed me to get very sophisticated very quickly with compensation at our startup. Their platform is clean and intuitive. The customer support team was great and the onboarding was smooth.

  • Rating: 5/5

    Jess F.

    Customer  | 9/8/2023

    OpenComp has transformed our compensation strategy and administration. Its user-friendly interface, wide range of features, and amazing customer support + CSMs make it one of our most valued HR + Finance systems. We're super excited to see how the tool continues to evolve in the future and we're confident that it will continue to meet our strategic and operational needs. It's been a game-changer for us, and we couldn't have evolved our compensation strategy OR provided seamless pay transparency and equity without our parnership with OpenComp. The DEI tool is a must-have for any compensation team. Their product team is very open to feedback on the user experience as well as any feature/enhancement recommendations - this is a huge plus for us! They've been super receptive to our feedback so honestly the only current product downsides are 1.) OpenComp does not sync with our HRIS which means no realtime updates, and 2.) no ability to terminate employee in the system and then essentially create a backfill that preserves the leveling. Would be awesome to create a position ID of sorts that assigns level to roles. OpenComp have solved the problem of simple salary benchmarking, customized compensation structures, and comp cycle management. It's very, very easy to intuit pay disparities and range penetration or compa ratio. The DEI analysis gives us an opportunity for data-driven pay equity.

  • Rating: 5/5

    Anonymous

    Customer  | 8/22/2023

    OpenComp is great for finding compensation data in different industries and levels of experience. The only improvement I would suggest is continuing to gather more data for more niche roles, levels, and locations. OpenComp allows us to determine the best salary range for diverse locations and positions.

  • Rating: 5/5

    Samantha K.

    Customer  | 8/15/2023

    I love the easy to digest visuals on each page and the ease of use of the whole system. I can get the data I need and feel confident about it. One dislike is that it can be difficult to match some of our positions to the benchmarked roles due to our specialized industry. However, OpenComp solved the issue of having data we were confident in, at the any time we need it. We needed to build a compensation strategy and OpenComp made it possible.

  • Rating: 4/5

    Anonymous

    Customer  | 8/14/2023

    OpenComp helped me simplify our compensation practices by having one user friendly site to access and manage compensation. It gives a full picture of where we are as an organization, helped create our comp philosophy and helps us identify salary ranges quickly when recruiting across multiple states and in Canada. OpenComp has saved me so much time doing manual research and offers up to date market data. It's reporting is so simple and the visual tools are very user friendly for presenting and sharing with execs and managers. One downside for us is that the equity tool in OpenComp is really designed to illustrate for privately held companies. We are not a privately held company so the data doesn't work well for our reporting. OpenComp has helped us create solid ranges and levels and gives me a quick and easy tool to post ranges on job descriptions across the US. It offers a quick reference when promoting employees and running merit cycles. It keeps all of the data in one place.

  • Rating: 5/5

    Stephanie T.

    Customer  | 8/2/2023

    What I like the best about OpenComp is that it provides relevant data for the technology start-up industry at comparable revenue and size. Their comp planning tools, data visualization and UI are a breeze. They are building out their suite of tools and what's on their roadmap is quite promising for anyone that is responsible for all aspects of compensation. Real-time industry market data for hiring, promotions and merit cycles, as well as the quick view by department, helps us make strategic and tactical decisions about compensation.

  • Rating: 5/5

    Mike K.

    Customer  | 7/31/2023

    The data that OpenComp contains is incredibly valuable for us to build our comp philosophy and perform appropriate benchmarking for all of our roles. There is a great user interface that facilitates our use case and makes it easy to get what we need out of it. As a scaling company, I also appreciate their willingness to both engage with customers and solicit feedback, but then also act on said feedback. I don't expect that what I say will automatically translate into features, but I have already seen instances where I have provided information and that has translated first into roadmap items for future development and then ultimately into actual features. There have been several times where I have struggled to use some of the ongoing Human Capital Management aspects of the platform. While the data integrity is high and offers great value, running comp cycles through the platform is more cumbersome than it should be (and as a relatively new feature for them, they're working on it). There are some minor things that speak to them wanting to paint a broad brush with their approach and appease most use cases, but not allowing flexibility for individualization and customization - for example, the default for most things is the 50th percentile, but since we use different percentiles, we find that we have to view multiple screens to get what we want. It is solving my compensation management and benchmarking challenges. As I mentioned, it's been great from a data management and lookup perspective and I think it's been critical for our alignment on compensation as an organization.

  • Rating: 5/5

    Allie M.

    Customer  | 7/26/2023

    OpenComp is very user friendly and implementation was top notch. Very thorough and customizable. I found you get more bang for your buck, meaning more features for the same cost as competitors. Their DEI/pay equity analysis is also very helpful and an important tool. We are new customers and haven't found any dislikes thus far. It is a very comprehensive tool. We were looking for a tool that was easy to navigate and would allow other managers or leaders access to their employees as well. We needed to build out our pay ranges, which OpenComp is solving for. We also wanted to use a tool for merit cycles, which we'll do in a few months time through OpenComp, moving away from manual work and spreadsheets.

  • Rating: 4/5

    Anonymous

    Customer  | 5/31/2022

    Overviews with OpenComp are great. Everything that needs to be shown is already up on the screen. Initial settings are kind of annoying. Maybe colour scheme could be different, but.. De gustibus non est disputandum. A great improvement would be allowing the overview of different salaries for different employees. Great for companies not having transparent payment plans.