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What is SimplyMerit?

SimplyMerit® is an innovative HR Compensation Management Solution that operates in real-time, enabling leaders to take charge of their Merit budgets, Bonus pools, and Equity grants effectively. We can have you up and running in five days or even less, allowing you to experience the advantages immediately: say goodbye to errors, eliminate the hassles of managing spreadsheets, and enjoy peace of mind regarding security issues! With SimplyMerit, you can seamlessly handle currency conversions, implement customizable prorations, oversee approval workflows, and automatically generate adjustment letters, making compensation management more efficient than ever before. This comprehensive solution not only streamlines processes but also enhances decision-making for HR teams.

What is Aeqium?

Aeqium serves as a comprehensive hub for HR teams and managers, merging essential data and insights to facilitate quick and informed decisions regarding employee compensation. The platform promotes merit-based evaluations and encourages collective decision-making around pay, while also providing an efficient means of documenting results through streamlined workflows. With the capacity to conduct performance reviews efficiently, managers are able to redirect their focus towards fostering business growth. Aeqium enables organizations to create attractive compensation packages that align with budgetary constraints, ensuring equitable pay and promoting transparency for all employees. Users can easily analyze the effects of their compensation structures on recruitment and retention, simulate potential modifications, and make necessary adjustments seamlessly. Moreover, Aeqium delivers automated insights into team compensation, compiling salary, variable pay, and equity data in one convenient interface. With just a few clicks, organizations can examine compensation patterns across different departments and job roles, which leads to more informed decision-making and proactive measures to reduce employee turnover. By utilizing Aeqium's features, businesses can significantly improve their compensation frameworks while fostering a workplace culture rooted in equity and openness. This not only helps in attracting top talent but also in retaining valuable employees, ultimately contributing to long-term organizational success.

Media

Media

Integrations Supported

ADP Workforce Now
Criterion HCM
Namely

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

$6500.00/year
Annual license based on number of employees; includes unlimited support
Free Trial Offered?

Pricing Information

Pricing not provided
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

MorganHR

Date Founded

2004

Company Location

United States

Company Website

www.simplymerit.com

Company Facts

Organization Name

Aeqium

Company Website

www.aeqium.com

Categories and Features

Compensation Management

Bonus Management
Compensation Assessment
Compensation Calculation
Compensation Plan Modeling
Compensation Statements
Incentive Programs
Organizational Charting
Salary Planning

Categories and Features

Commission

Not specified

Compensation Management

Bonus Management
Compensation Plan Modeling

Human Resources

Compensation Management

Portal

Not specified

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Popular Alternatives

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