What software runs merit cycles and annual compensation planning?

There are several software solutions that are commonly used for managing merit cycles and annual compensation planning. These tools help organizations streamline the process of salary reviews, bonuses, and other compensation-related activities. Some popular options include:

1. **Workday**: A comprehensive human capital management (HCM) solution that includes modules for compensation planning and performance management.

2. **SAP SuccessFactors**: Offers a robust compensation management module that helps organizations manage merit increases, bonuses, and other compensation elements.

3. **Oracle HCM Cloud**: Provides tools for compensation planning, including merit increases and bonus calculations, integrated with performance management.

4. **ADP Workforce Now**: A payroll and HR management solution that includes features for compensation planning and performance reviews.

5. **Paycor**: Offers compensation planning tools that help organizations manage merit increases and other compensation adjustments.

6. **BambooHR**: While primarily an HR management system, it includes features for performance management and compensation planning.

7. **CompensationXL**: A dedicated compensation management software that focuses on merit cycles, salary planning, and equity management.

8. **Salary.com**: Provides compensation management solutions that help organizations with salary benchmarking, merit increases, and overall compensation strategy.

9. **PayScale**: Offers tools for compensation planning and analytics, helping organizations make informed decisions about pay structures.

10. **Xactly**: Primarily focused on sales compensation, but also offers features for broader compensation planning and management.

When selecting a software solution, organizations should consider factors such as integration capabilities, user-friendliness, reporting features, and scalability to ensure it meets their specific needs.