Question 1

What is compensation planning software?

Accepted Answer

Compensation planning software is a digital tool that helps organizations streamline, automate, and optimize employee compensation processes. It enables teams to manage salaries, bonuses, equity, and benefits, ensuring fair and strategic pay decisions. By integrating with HR and payroll systems, it improves budget planning, pay equity, and employee retention while reducing manual work.

Question 2

How do I choose the right compensation planning software for my company?

Accepted Answer

Choose software that aligns with your company’s unique compensation process. Key factors include customization, integrations, automation, security, and reporting. Ensure it supports self-service adjustments, streamlines approvals, and integrates with your HR tech stack. Always request a demo tailored to your workflow and submit an RFP to confirm it meets your needs.

Question 3

How can Aeqium's compensation planning software be customized to fit our specific needs?

Accepted Answer

Aeqium will match your exact compensation planning process. You’ll choose the data sources, review chains, custom calculations, budget distribution methods, and more. You can make changes yourself anytime or ask your dedicated customer success manager for support.

Question 4

Can Aeqium's compensation planning software scale with our organization's growth?

Accepted Answer

Yes! Aeqium is designed to scale with your organization and can handle as many admins, managers, and employees as you need.

Question 5

How does Aeqium's compensation planning software integrate with my HR systems?

Accepted Answer

Aeqium directly integrates with most HRIS, ATS, and Equity Management Systems. You can also upload data from any custom source via CSV. Need a custom integration? Ask our team, and we’ll let you know how we can do it.

Question 6

How long does setup and onboarding of Aeqium's compensation planning software take?

Accepted Answer

The technical implementation takes just a few hours. The onboarding process, which includes uploading pay bands, user training, and setting goals, takes four to six weeks on average. Tell us when your next cycle needs to run, and we’ll make it happen.

Question 7

What level of support and training is provided during and after compensation planning software implementation?

Accepted Answer

We offer extensive support and training that includes onboarding, hands-on assistance as needed, Slack, email, and call communication, product documentation, and standing meetings on your schedule.

Question 8

How does Aeqium ensure data security and privacy in its compensation planning software?

Accepted Answer

We undergo regular external audits and penetration tests, and we are proud to maintain AICPA SOC 2 Type 2 certification.

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