BalancedComp

BalancedComp

4.5 / 5 15 reviews

Who Uses This Software?

Banks and Credit Unions in the United States


Average Ratings

15 Reviews
  • 4.5 / 5
    Overall
  • 4.5 / 5
    Ease of Use
  • 5 / 5
    Customer Service

Product Details

  • Starting Price
    $24.00/year/user
  • Pricing Details
    plus annual base fee and one-time setup fee
  • Free Demo
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • BalancedComp
  • balancedcomp.com
  • Founded 2010
  • United States

About BalancedComp

We set salary ranges and grades for US banks, credit unions and holding companies using our cloud-based software and deep industry experience consulting. BalancedComp serves financial institutions by providing cutting-edge web applications and concierge consulting. The BalancedComp client roster includes more than 215 financial institutions, ranging in asset size from $100 million to more than $15 billion.


BalancedComp Features

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

BalancedComp Reviews Recently Reviewed!


BalancedComp is easy to use on all levels and requires little oversight from an HR standpoint

Mar 05, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: It is intuitive, recently they updated the look and feel and I was able to navigate it with little to no instruction. It's clean looking and it feels like the developers really thought of the user rather than standard design, it makes sense to users on all levels!

Cons: I honestly can't think of one, it's one of the easiest platforms I use in my day to day! I get the same feedback from my managers which makes my life easier that I'm not teaching the mechanics of writing performance reviews and can focus more on the spirit of them!

Overall: Compensation management at my fingertips with the information I need to manager our company's compensation. Electronic performance review program that takes a lot of the labor associated with writing reviews so my employees can get back to business!

Vendor Response

by BalancedComp on April 03, 2018

Lauren, You are an awesome client to work with. Thank you for the kindness of your review on Capterra.

The customer service, consulting knowledge, willingness to help and response time is exceptional.

Feb 27, 2018
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The BalancedComp website is super easy to navigate through and user-friendly. Love that all the information is displayed on one page and edits can be done quickly and effortlessly.

Cons: One improvement would be the sorting functionality when printing. It will not allow you to print when sorting by two functions (ex. You want to sort by grade then by department).

Overall: Easy to use, user friendly, edits can be done effortlessly, can export easily. Takes less time to create a document for managers when all the information is right there and can be exported and sorted in a timely fashion.

Vendor Response

by BalancedComp on February 28, 2018

Thanks Ginna for your review. It means alot to us. You are just exceptional to work with.

The partnership with this organization is wonderful;great compensation consultants!!

Mar 01, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: They do not just sell you a software program; they trouble shoot, brainstorm ideas and are very consultative!

Vendor Response

by BalancedComp on March 05, 2018

Hi Rosemary, Working with you is a joy because you really want to think through the options.

Love having this amazing tool!

Mar 07, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: I find it so valuable to have salary and compensation experts at my fingertips. This provides trust and assurance!

Overall: when updating Payroll/HRIS I then have to make another step of changing inside of BalancedComp.

Vendor Response

by BalancedComp on April 03, 2018

Gina, Thank you so much for your review!

Does take some training but easy to use once you learn.

Jan 11, 2018
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Comparable info with in job type; Consistency in the job description for a particular job. Consistency also in pay ranges for a particular position.

Cons: Frustrated that supervisors can not see the job description of their reports. We print the job description to PDF and forward that to the supervisor. They also can not see the salary/wage level of their reports.

Overall: See review

Vendor Response

by BalancedComp on January 12, 2018

HI Margot, I agree with you completely that this would be preferable.This is actually something we are committed to changing for you. Right now the position descriptions are in the Salary Administration software, where most HR people do not want supervisors to have access, but hopefully we will get this moved over to the BalancedResults, performance management software as well.

The BalancedComp Team is awesome, always ready to help!

Jan 24, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The system is very easy to use. Budgeting and sorting are easy. It's also easy to explain to staff and managers.

Cons: Limitations such as the rounding in the budget side and inability to compare two job descriptions' compensable factors side by side.

Overall: Salary grading and budgeting that are easy to use.

We have been using Balanced Comp for about five years. It's helped us so much with budgeting.

Jan 18, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The system is really easy to use. You cannot break it. We love that it automates our budgeting process. It takes us half the time to prepare the budget. Additionally, we like that it has salary statements ready to deliver.

Cons: There are some areas of improvements for the software that we would like to see: having the sort function on the budget and being able to print salary statements by department or manager.

Vendor Response

by BalancedComp on March 02, 2018

Dear Angela, Thank you so much for taking time out of your busy day to review us on Capterra. We are very interested in considering being able to sort the budgets by department as well. You can create a budget for a specific department. Let me know if I can show you how.

BalancedComp is very user friendly and their staff has helped us whenever we run into issues.

Jan 11, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The user has an interface that is very easy to use and aesthetically pleasing. Access to all the different data that we need to make our hiring and pay benefits are easily accessible. Additionally, the data has different ways for customize to meet our business needs.

Cons: It has some limitations in the BalanceResults. In the Plan Content tab, in the Core Competencies section you are unable to assign weighted average for each core competency.

Vendor Response

by BalancedComp on January 12, 2018

HI Gabriel, Thank you for your review. It means alot. I appreciate your candor that you would like to weight the core competencies. We will continue to evaluate this. All of our best improvements come from client suggestions.

Everyone at BalancedComp is very quick to answer questions. Great service!

Jan 22, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: I use it to prepare my salary budget each year and it is very easy to set up and use. We also use the performance management piece and that makes the annual review process very manageable.

Cons: There is not much that I don't like, although the performance software changed drastically and we weren't prepared for that and had to learn it all over again. I'm sure there was a notice, but I missed it.

Vendor Response

by BalancedComp on January 23, 2018

HI Scott, Thank you very much for taking the time to review our company and our system. It means a great deal to me. I am thrilled that we are meeting your expectations.

BalancedComp is a easy to use and up to date.

Jan 19, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: The software is easy to use. The process of grading a new position is not difficult. The BalancedComp techs are very professional.

Customer service and the user friendly software is great.

Mar 02, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The systems is user friendly. Your changes into the system are instantly. The customer service is great.

Vendor Response

by BalancedComp on March 05, 2018

Thank you, LeeAnn. You are such a smart HR professional. We are truly honored to be selected by you.

Employee Reviews Made Easy!

Nov 02, 2015
4/5
Overall
4 / 5
Ease of Use
4 / 5
Customer Support

Comments: The Balanced Comp and Balanced Results software has brought an entirely new level of clarity and accountability to both our staff as well as managers. The software is easy to use and managers and senior management with key dashboards at a glance. The process of moving from one review period to the next is a bit more cumbersome than I would like and I would really like them to build in a 360 degree review option. Other than that the system has saved us countless hours and added a lot of value to the review process for not only our managers but our staff.

Vendor Response

by BalancedComp on March 05, 2018

Your team is a delight to support. We value your partnership tremendously. Please let me know directly if there is anything we can do to improve our offerrings.

I've been using this software since BalancedResults was available to use with it.

Oct 28, 2015
4/5
Overall
4 / 5
Ease of Use
5 / 5
Customer Support

Comments: It is easy to navigate and provides valuable salary information to help keep consistency in roles and competitiveness in the marketplace. Having the ability to use the software in conjunction with BalancedResults allows for a comprehensive review process that takes the guesswork out of salary increases.
As with any software, there are always areas for improvement and the BalancedComp team is ready and willing to listen to suggestions and implement changes timely and to the benefit of the user.

We have only been using the product for about a year, but have already seen positive results.

Oct 28, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

Comments: The ability to be able to plan, budget and ensure competitive salary within the industry has provided us with the "advantage" that we are seeking in the market. It is easy to use, very intuitive and the customer service is outstanding.

Vendor Response

by BalancedComp on January 12, 2018

Thanks Stacey, I can't tell you how much your opinion means to us. We are committed to helping your pay for performance culture become a competitive advantage for the bank.

The software is easy-to-use, accurate, and records past information. Highly recommend!

Oct 28, 2015
5/5
Overall
5 / 5
Ease of Use
5 / 5
Customer Support

Comments: The software is user-friendly and packed with useful information. I appreciate the job description library, reports, and solid data. The best part, however, is the outstanding customer service and consulting. Every situation is different and each company is unique, so the consulting piece is vital to applying important data to your organization.