AI TOOL PROFILE
PayReview: Compensation Planning Software
- HR and Recruiting
- HR Management
- Mid-market companies
- Enterprise companies
- HR teams
- Finance teams
Pricing
The Standard plan is USD 5,000 per year for up to 100 employees, with a USD 10 fee for each additional employee. Enterprise pricing is custom.
At a glance
- Best for
- Mid-market companies, Enterprise companies, HR teams, Finance teams
- Key use cases
- Annual Merit Review, Bonus Planning, Off-Cycle Pay Adjustments, Budget Variance Tracking
- Integrations
- Spreadsheet import, Spreadsheet export, Payroll file export
- Official website
- Visit payreview official website
How AI is used
PayReview is a compensation tool designed to handle the budgeting and approval process for employee pay increases and bonuses. It functions as a standalone system, allowing businesses to manage their reviews without requiring an HRIS integration.
The software is designed for HR teams, finance departments, and managers. It provides a structured environment where budgets are set at the organizational level and distributed through manager approval workflows with policy guardrails.
Users can upload employee data via spreadsheets and track the progress of reviews through dashboards. The tool supports compensation scenarios, including merit matrices and promotion pools, and can generate payroll files once the review cycle is complete.
Buyers should confirm whether their current payroll system can ingest the exports generated by PayReview and verify if the pricing model aligns with their total employee headcount.
Key Features
Budget Governance
Supports setting company-wide budgets with department-level controls, merit matrices, and promotion pools.
Manager Approval Workflows
Provides multi-step approval tiers with guidance and variance flags for managers.
Policy Guardrails
Allows administrators to set min/max raise percentages and salary bands to maintain consistency.
Progress Dashboards
Tracks review progress with deadline reminders and spend rollups.
Payroll File Generation
Generates payroll files and exports compatible with common systems once reviews are finalized.
Audit Trails
Maintains change logs and approval history for compliance reporting.
Use Cases
Annual Merit Review
Uploading employee data and setting budget limits to coordinate company-wide pay increases.
Bonus Planning
Using approval workflows to plan and distribute one-off bonuses.
Off-Cycle Pay Adjustments
Managing one-off raises and promotions throughout the year.
Budget Variance Tracking
Monitoring actual spend against planned budgets using dashboards.
Integrations
- Spreadsheet import
- Spreadsheet export
- Payroll file export
FAQ
Do I need an HRIS to use PayReview?
- No, PayReview is designed to run as a standalone tool. You can start by importing employee data from spreadsheets and export the final results to your payroll system.
How does PayReview handle budgets?
- It allows you to set flexible budgets by organizational layer, using tools like merit matrices and promotion pools to guide spending.
What is the pricing for PayReview?
- The Standard plan is USD 5,000 per year for up to 100 employees, with an additional USD 10 per employee after that. Enterprise plans require custom pricing.
Source category: HR & Recruiting
Source subcategory: HR Management
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