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
    • Gender
    • Position Evaluation Summary
    • Salary Ranges
    • Compa Ratio Report

      Compa Ratio Report

      Analyze the position of each employee within their salary range. These reports are filterable by job classification, date in position, performance level, position, supervisor, department, gender, and many other values.

    • Gender

      Gender

      We’re leading the industry with reports that let you compare compa ratio, average performance level, and average date in position by gender. Import the gender of some or all of your employees with three options: female, male, or non-binary.

    • 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 Ranges

      Salary Ranges

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

  • Importer

    • One Seamless Ecosystem
    • Automatic Matching
    • Approve Changes
    • One Seamless Ecosystem

      One Seamless Ecosystem

      Our new wizard streamlines—and speeds up—your import experience. Quickly update all of your employees with as few as two attributes using a report from your payroll system or a downloadable CSV from ours.

    • Automatic Matching

      Automatic Matching

      Our system will auto-match your .csv files with the appropriate attributes while giving you the flexibility to make manual changes.

    • Approve Changes

      Approve Changes

      After an import, you’ll receive a summary of all pending updates with the ability to preview, edit, or discard before applying.

  • The Budget Builder

    • Really Paying for Performance
    • Experiment
    • Live Data
    • Painless Salary Review Statements
    • Budgetary Reporting
    • Really Paying for Performance

      Really Paying for Performance

      BalancedComp’s Merit Increase Matrix utilizes compa ratios and performance levels to define fair and accurate increases. Our Matrix Breakdown identifies high-density areas so you can maximize the impact of your budget dollars.

    • 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

      Updates to employee information will automatically reflect in any existing budget. If you’ve paired BalancedComp and BalancedResults, pending scores automatically sync, speeding up the performance review cycle.

    • Painless Salary Review Statements

      Painless Salary Review Statements

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

    • Budgetary Reporting

      Budgetary Reporting

      Print beautiful, tailored reports that reveal trends and display how employees move through their ranges.

  • 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