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Next generation salary administration for the financial industry
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BalancedComp

A precise salary and budgeting framework

Designed specifically for banks and credit unions up to $20B in assets, our app effortlessly breaks down the process of salary administration to provide employees accurate, fair, and competitive pay.

Our insightful, industry-leading data, and partnership of a dedicated comp consultant, play a key role in accomplishing the financial objectives of the executives, board of directors, and overall organizational goals.

A precise salary and budgeting framework
  • Reports
  • Importer
  • The Budget Builder
  • Job Description Library

  • Reports

    • Compa Ratio Report
    • Position Evaluation Summary
    • Salary Range
    • Compa Ratio Report

      Compa Ratio Report

      Analyze where each employee is positioned within their salary ranges. This can be filtered by job classification, date in position, performance level, position, supervisor, department, and many other values.

    • Position Evaluation Summary

      Position Evaluation Summary

      Internal equity is just as important as external. Easily evaluate the compensable factors for all of your positions.

    • Salary Range

      Salary Range

      View every established salary range, with or without job titles included, for all job classifications and locations.

  • Importer

    • One Seamless Ecosystem
    • Smarter Matching
    • Approve Changes
    • One Seamless Ecosystem

      One Seamless Ecosystem

      You can either upload a report from your payroll system or download a CSV from ours, make your changes there, and upload it again. Either way, everything stays updated in one place.

    • Smarter Matching

      Smarter Matching

      With the BalancedComp matching engine, even if your proposed updates don’t match exactly to what’s in the system, you’ll still be able to approve/decline changes as the system has interpreted them.

    • Approve Changes

      Approve Changes

      After an upload, you’ll receive a summary of all updates that would occur so that you can either apply or discard the import.

  • The Budget Builder

    • Really Paying for Performance
    • Experiment
    • Live Data
    • Painless Salary Review Statements
    • Fully Integrated
    • Really Paying for Performance

      Really Paying for Performance

      BalancedComp’s Merit Increase Matrix relies on compa ratios and performance levels to define fair and accurate merit increases.

    • Experiment

      Experiment

      Create as many budget versions as you’d like, even if that means presenting a 2%, 3%, and 4% budget to your board. It’s no problem! Our system can house them all simultaneously.

    • Live Data

      Live Data

      If a budget exists while you are updating employee information, it automatically reflects those changes. And it can be stored for as long as you like.

    • Painless Salary Review Statements

      Painless Salary Review Statements

      Quickly generate a fully customizable salary review statement for each of your employees from any budget.

    • Fully Integrated

      Fully Integrated

      Many organizations build their budgets toward the end of the year as they are also trying to finalize the performance review cycle. If you’ve synced BalancedComp + BalancedResults, you can pull in and work off of pending final scores so as not to slow down or impede the process.

  • Job Description Library

    • Benchmarked Positions
    • Modern and Hybrid Positions
    • Benchmarked Positions

      Benchmarked Positions

      Our system contains job descriptions for more than 100 benchmarked positions, which you can copy and edit when building your own.

    • Modern and Hybrid Positions

      Modern and Hybrid Positions

      Many positions have become hybrids, while others in the security and technology areas are newer and less documented. Our ever-expanding library of almost 300 job descriptions cover these areas.

Pay your employees accurately and
more competitively

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In-app user support
Here to help

In-app user support

From within the app, any user has direct access to our in-house development team and support documentation. This alleviates pressure off of the HR team so that they don’t have to field how-to questions from supervisors and employees.

<strong>224</strong> banks & credit unions

224 banks & credit unions

<strong>37,051</strong> employees

37,051 employees

<strong>99%</strong> uptime this year

99% uptime this year

<strong>97%</strong> renewal rate

97% renewal rate