Heyquity vs SimplyMerit

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.

SimplyMerit is cloud-based compensation software for managing salary adjustments, bonuses, promotions, lump-sum decisions and equity grants. Compensation professionals, leaders and managers can work together and monitor changes in real time. Budget tools handle multiple currencies and give managers a shared view of compensation and worldwide budgets. Configurable workflows support adjustment requests and approvals, including final executive approval. The software can generate compensation statements and configurable Total Rewards Statements, and includes an Employee Portal. Its analysis features can help identify biases, disparities, trends and outliers, and produce analytical reports. Organizations can import HRIS data; named examples include ADP, BambooHR and UKG. SimplyMerit requires no download or installation and is described as accessible from virtually any device, including mobile devices. MorganHR says it supports setup through the first compensation cycle and aims to have customers live in five days or less. Pricing is available on request. MorganHR offers a free trial instance using the customer's data for two full weeks. Its One-Day Challenge says the first-year license is free if it cannot load the previous merit spreadsheet in one day; the offer specifies a multi-year license if that takes longer.