Heyquity vs OpenComp

Heyquity is a web-based compensation platform for HR and Total Rewards teams managing pay equity and review processes. It runs recurring analyses by gender and other dimensions, including peer group, level, and location. Reports can show average and median pay gaps, quartile distributions, and peer comparisons, with exportable metrics and charts for EU pay transparency reporting. The platform can identify unexplained gaps at team or individual level, model adjustment scenarios, and estimate their cost. Teams can manage pay ranges and compare employee pay with bands to find people outside them. Organizations configure merit, promotion, bonus, and mid-year cycles with their own conditions, eligibility, and timelines; budgets are tracked in real time and decisions can follow configurable approval flows. Managers see team data, recommendations, and budgets, HRBPs see their assigned areas, and admins have full oversight. Heyquity can sync employee data from HRIS platforms or files and lists integrations with BambooHR, Bob, Workday, SAP SuccessFactors, and Lucca. Personalized total rewards statements can cover salary, bonuses, equity, and benefits. The maker offers pricing on request and no free trial. Its privacy policy says Customer Employee Data is not transferred outside the EU/EEA.

OpenComp is compensation decision software for setting pay and managing compensation workflows. It brings together salary, bonus and equity market information for roles across an organization with company pay data synced regularly from HRIS, equity management and payroll systems. Benchmarking can compare pay plans with OpenComp data or a third-party source; its matching process normalizes, levels and matches employee data for comparable benchmarks. The platform includes salary review and approval workflows, budget controls, compensation bands and an audit trail. Headcount models estimate future cash burn and dilution using staffing needs, pay strategy and industry benchmarks. Total Rewards Statements can show employees salary, bonuses, equity and merit increases in a visual report. OpenComp lists Comp Benchmarking, Comp Strategy and Comp Cycles bundles. Comp Cycles is listed at free; paid pricing is on request, with a 14-day trial. The product runs on the web.