Introduction
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Aeqium combines the best of automation and flexibility, simplifying compensation management processes while allowing deep reconfigurability. With its intuitive platform and customizable workflows, Aeqium empowers HR teams to handle complex compensation cycles without needing external consultants or tech support. Plus, its reporting and insights tools provide real-time visibility, giving a clear edge in decision-making.
Ratings
Ease of Use
Best For
Key Differentiator
Price
Free Trial
PROS
- Flexible Configuration: Highly customizable workflows and calculations without the need for specialized support.
- User-Friendly Interface: Intuitive dashboards that require minimal training for any kind of user.
- Real-Time Updates: Immediate changes propagate throughout the system during compensation cycles.
- Cost-Effective: Offers competitive pricing compared to similar tools like Pave.
- Strong Support: Dedicated Customer Success Managers and responsive support teams.
CONS
- Manual Payroll Integration: Currently, changes must be uploaded to payroll manually, but an automated sync is on the roadmap.
- Feature Gaps: Some functions, like ATS integrations and benchmarking data, could be expanded (but are being worked on as we write this).
- Initial Setup Hiccups: Some users have reported minor challenges during onboarding, though they are always solved swiftly by customer support.
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Aeqium excels at reducing the manual effort and errors typically associated with spreadsheets or rigid HRIS systems while letting users retain total control of their data. In other words, its system is as flexible as a spreadsheet but with structured workflows. Customers can calculate anything they need, write custom logic, perform validations, and manage budgets—top-down or bottom-up— without external consultants or tech support.
One of the main motivations behind Aeqium’s development is to allow for deeper and easier collaboration between managers and the people team. The tool works through customizable reviewer chains where the decisions about an employee’s compensation can be communicated up and down the chain for swift approval and revision.
Another feature that stood out during our demo was their Compensation Cycle Dashboard. It centralizes all compensation data, integrates with HRIS and equity systems, and allows HR teams to complete compensation reviews in hours instead of weeks. Its real-time update feature enables users to adjust formulas or logic mid-cycle, a level of flexibility that is, in our view, unmatched by traditional tools.
As an example of this flexibility, let’s say you are reviewing proposed salary changes. If you decide mid-cycle to change the formula driving the compensation proposals, you can make the adjustment in the backend. Then, the updates will propagate immediately across the system, without you having to restart the compensation cycle.
The Compensation Insights feature also stood out during the demo because it delivers proactive data points about employee compensation. For instance, it can help you identify pay equity issues, such as when employees may be out of band or have an upcoming drop in equity vesting. The comp team can then present this information to managers and work on mitigating issues like this before they arise.
While Aeqium is highly customizable, a few drawbacks remain. Automated payroll integration is still in development, and some users have expressed the desire for integrated benchmark data. Nonetheless, the team is quite responsive to customer feedback and has been known to release new features based on user suggestions.
Companies like IFS, DBT Labs, Front, Warby Parker, Loft Orbital, and Braze use Aeqium. Their customer list has grown considerably during the last year.
Aeqium's pricing isn’t publicly disclosed, but customer feedback suggests it offers competitive rates, often significantly lower than the competition. Notably, the platform also offers add-ons like compensation analysis and a total rewards portal.
Aeqium is ideal for mid-sized to large companies (200–6,000 employees) that require flexible compensation management and real-time configurability. It works well for industries like tech, consumer tech, and insurance, where dynamic compensation processes are essential.
Recent improvements include expanding their interactive demos (you can check them out online) and their custom reporting tool. Future updates on the roadmap include automated payroll integration and enhanced ATS syncing.
