Last Updated
Overview
SimplyMerit streamlines compensation management with real-time collaboration and multi-currency support, which is an ideal choice for mid to large enterprises. While report customization has some boundaries, the platform's five-day implementation and exceptional support make it ideal if you're managing complex global pay cycles and need immediate results.
Overall Rating
Based on 19 users reviews
4.6
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
SimplyMerit Specifications
Compensation Management
Customizable HR Workflows
Workflow Analytics
Employee Information Management
What Is SimplyMerit?
SimplyMerit is a cloud-based compensation management solution by MorganHR that replaces manual spreadsheet processes with automated workflows for merit increases, bonus pools, and equity grants. The platform features real-time collaboration capabilities that allow HR teams, managers, and executives to work across global operations with automatic multi-currency support. Companies managing complex compensation structures benefit from reduced errors and enhanced visibility throughout the entire compensation cycle.
SimplyMerit Pricing
The vendor offers customized SimplyMerit pricing plans tailored to the business size and specific requirements.
SimplyMerit Integrations
The software integrates with various Human Resources Information Systems (HRIS) which include:
Who Is SimplyMerit For?
The software is suitable for various industries and sectors, including
- Non-profit organizations (NGOs)
- Information technology (IT)
- Music
- Construction
- Pharmaceuticals
- Retail
Is SimplyMerit Right For You?
SimplyMerit stands out as an exceptional choice for organizations seeking to eliminate spreadsheet-based compensation management while maintaining flexibility and control. With support from MorganHR's veteran compensation consultants, clients receive not just software but strategic partnerships that help optimize compensation programs. The solution is ideal for mid-sized to large enterprises managing complex, multi-currency compensation cycles who value rapid implementation, and intuitive interfaces.
Still doubtful if SimplyMerit is the right fit for your team? Contact us at (661) 384‑7070 for further assistance.
SimplyMerit Features
SimplyMerit allows compensation professionals, senior leaders, and managers to collaborate without version control issues or email exchanges. The platform provides instant visibility into compensation adjustments with automatic tracking of changes for comprehensive audit trails. Moreover, teams can monitor budget allocations while maintaining secure role-based access controls that protect sensitive employee data.
Organizations allow currency conversions in 140+ currencies. This allows teams to work in local currencies while executives view consolidated data in the company’s base currency. The platform applies configurable prorations based on hire dates and employment status. This streamlines compensation planning by providing managers with unified views of both local and global budget allocations.
The software generates highly configurable statements that employees can access to understand compensation packages beyond base salary. These statements showcase salary, bonuses, equity, and benefits in one clear view. Furthermore, organizations can customize statement templates while the system distributes them with one-click generation. This improves employee engagement and retention through better compensation communication.
SimplyMerit software delivers board-ready analytical reports that identify trends, biases, and opportunities. It analyzes gender pay differentials, high-potential employees, at-risk talent, market positioning, and budget allocation patterns across the organization. Compensation leaders gain strategic intelligence about merit cycle outliers and disparity issues. This enables data-driven decisions that address equity concerns and optimize spending effectiveness across employee populations.
The software features intuitive workflow design that guides managers through compensation adjustment requests and approvals. Custom approval paths route pays decisions through appropriate management hierarchies while maintaining transparency. Moreover, the requested adjustments and special exceptions remain visible throughout the approval chain, with automated notifications communicating approvals, rejections, or modifications to impacted managers and team members.
