Compensation management software helps organizations appropriately allocate pay increases, bonus, stock options, and other pay programs to their employees. As organizations get larger there is a need to move away from spreadsheets to an online system that makes the process easier to manage. There are many different types of compensation management tools on the market, some of which are from the companies HRIS or talent management systems. Other compensation management tools are stand-alone products. Below is an overview of some of the more popular compensation management systems on the market.