Compensation Software Market Top Vendors
Include ADP, Oracle Corporation, SAP Success
Factors, Ultimate Software And Workday
Increasing demand for automated compensation management process is
one of the major factors affecting growth of the market during the
Compensation Software forecast period (2018–2026).
The global compensation software market was valued at US$ 829.3 million in 2017, and is
expected to reach US$ 1,892.4 million by 2026, registering a CAGR of 9.6% over the forecast
period from 2018 to 2026, according to Global Compensation Software Market Report, by
Deployment Model (On-premises and Cloud-based), and by Region (North America, Europe,
Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.
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The aim of adoption of compensation software is to reduce manual errors by automating the
compensation management process. Compensation software is responsible for executing right
set of evaluation parameters along with reduction of paper work, thus simplifying the overall
process and saving time and cost for an organization. The compensation software provides