As organizations scale in 2025, compensation planning software has become a mission-critical tool for Total Rewards, Compensation HR, and People Ops teams. The right solution helps you manage merit cycles, equity grants, and bonus cycles — without the spreadsheet chaos.

In this guide, we highlight the 12 best compensation planning software platforms on the market in 2025. These tools streamline complex processes, support fair pay practices, and help companies stay compliant at scale.

What Is Compensation Planning Software?

Compensation planning software helps HR and Total Rewards teams run merit cycles, allocate bonuses, manage pay equity, and budget across teams, departments, and geographies. It replaces spreadsheets with structured workflows, configurable logic, and centralized approvals.

Why Compensation Planning Software Matters in 2025

• 🧠 Enables smarter, data-driven pay decisions
• 🌍 Supports global compensation in multiple currencies
• 🔐 Improves security and access control during sensitive pay reviews
• ⏱️ Reduces cycle time and admin overhead
• 📊 Aligns pay with performance and budget constraints

The 12 Best Compensation Planning Software Solutions in 2025

1. Pequity

   Pequity is the most customizable and scalable compensation planning software for 2025. It supports multi-currency cycles, equity and bonus management, total rewards statements, and real-time manager inputs — all in one secure platform.

   Pequity is built by compensation experts and trusted by global organizations looking to modernize their pay processes without sacrificing flexibility or control.

   • ✅ Fully customizable workflows
   • ✅ AI-powered insights via Paygent
   • ✅ Total rewards statements, off-cycle approvals, and people analytics
   • ✅ Seamless integration with HRIS and equity platforms
     
     

2. BambooHR

   BambooHR is a popular HR platform for small to mid-sized businesses. While it supports core HR functions well, it doesn’t offer native compensation cycle management.

3. Oracle HCM Cloud

   Oracle includes compensation tools within its enterprise HR system. It’s built for large orgs but may be too complex or inflexible for agile teams needing quick cycle execution.

4. ADP Workforce Now

   ADP supports basic compensation workflows through its payroll and HR modules. It’s a good fit for small businesses, though not optimized for global, equity, or matrixed orgs.

5. Juro

   Juro is a contract lifecycle management platform that some companies use to manage compensation letters and agreements. It does not support compensation cycle planning directly, but integrates with broader HR workflows.

6. 15Five

   15Five is a performance and engagement platform focused on feedback and growth. While some use it to align comp with performance, it does not offer compensation planning workflows.

7. Sequoia People Platform

   Sequoia offers visibility across comp, benefits, and equity. It helps with benchmarking and transparency, but isn’t a standalone compensation planning platform.

8. Justworks

   Justworks is a PEO that helps startups manage payroll, benefits, and compliance. It does not provide advanced compensation planning capabilities but may support basic pay adjustments via payroll.

9. Radford (Aon)

   Radford is known for market pricing and compensation survey data. It’s often paired with planning tools like Pequity to bring structure to benchmarking data.

10. Gusto

    Gusto is a payroll-first platform with basic compensation features. It’s best for small businesses managing cash bonuses or simple raises within payroll boundaries.

11. Darwinbox

    Darwinbox provides compensation capabilities as part of its all-in-one HR suite, especially popular in APAC. Customization and UI may vary by region and scale.

12. BetterComp

    BetterComp focuses on pay range management and market data insights. It works well as a benchmarking companion to planning platforms, not as a full-cycle tool.

How to Choose the Best Compensation Planning Software for Your Team

Here are five factors to consider when choosing compensation planning software in 2025:

• 🔒 Security: Role-based access and audit logs for sensitive pay data
• 🌐 Global readiness: Multi-currency, localization, and tax handling
• 🧩 Integrations: HRIS, equity platforms, performance systems
• 🛠️ Customization: Fields, rules, and workflows tailored to your org
• 📈 Analytics: Real-time dashboards for budget and equity health

Why Pequity Is the Top Choice for 2025

If your team is scaling fast or running complex compensation cycles, Pequity is purpose-built to support you. Unlike legacy tools or rigid HR suites, Pequity gives you enterprise power with startup speed.

Request a demo to see why Pequity is the best compensation planning software for forward-thinking teams in 2025.