15Five Compensation is an all-in-one compensation solution that helps companies link pay to key business outcomes. Powered by Comprehensive and enhanced with AI-driven insights, this tool enables HR leaders to make smarter, fairer, and more strategic compensation decisions—without a single spreadsheet.
In this article, you will learn...
- What is 15Five Compensation? 💡
- How it works 👩💻
- Key components 🧩
- Benefits 🎯
- Related Articles 📖
- Frequently Asked Questions (FAQs) ❓
Access and availability
📦 This feature is available in all pricing packages.
💰 This is a paid feature. Learn how to purchase and set up Compensation.
What is 15Five Compensation? 💡
15Five Compensation helps organizations strategically manage their largest investment—compensation—so it drives measurable impact on employee experience and business outcomes.
By connecting compensation data to employee performance, engagement, and market data, this tool empowers HR leaders to:
- Reward strong performance fairly
- Proactively identify risks like pay inequities or turnover
- Make confident, transparent compensation decisions at scale
Because it integrates directly with 15Five’s performance management tools, it closes the loop between performance reviews, engagement results, and pay decisions, ensuring compensation dollars are allocated effectively.
How it works 👩💻
Check out our walkthrough video below to learn more about how Compensation works:
Key components 🧩
The following features are available in 15Five Compensation:
Run compensation review cycles leveraging 15Five performance data to make informed compensation decisions that reward strong performance and retain top talent.
Simplify the storage, editing, and sharing of pay bands from a single, reliable source-of-truth. See how employees compare against your pay bands to ensure consistency and fairness in compensation across your organization.
Gain a competitive edge by accessing real-time compensation data from over 5,000 companies. Stay ahead of industry trends and ensure your compensation strategy remains competitive.
Empower your employees with a holistic view of their complete compensation package, including the value of equity and benefits. Foster trust and engagement by providing a clear picture of their overall rewards.
Compensation Insights connect compensation data with performance and engagement outcomes—so you can see how pay practices are impacting your people and make more equitable, strategic talent decisions. These insights live in the HR Outcomes Dashboard and help you uncover trends, identify risks, and bring critical context to decisions around retention, performance, and pay equity.
Benefits 🎯
- Connect pay and performance: Unify performance and compensation data to ensure that pay adjustments are awarded fairly and top performers are retained.
- Save time and eliminate errors: Creating and managing dozens of spreadsheets to track compensation decisions takes valuable time away from running a better performance and compensation review process.
- Empower people leaders, while maintaining control: Having a single unified source for all compensation adjustments allows People and Finance leaders to enforce budget and provide centralized recommendations while involving people leaders in the process.
- Improve transparency: Foster trust and alignment in your compensation decisions by giving visibility to managers and providing total rewards transparency to employees.
- Achieve pay equity: Eliminate bias to ensure every employee is recognized and rewarded fairly, promoting engagement and retention.
Related Articles 📖
Frequently Asked Questions (FAQs) ❓
Compensation is a paid feature. You can purchase this feature by filling out this form and a member of our Sales Team will be in touch.
Once you've purchased 15Five Compensation, you can set it up by following these steps.
No. However, running a performance review in 15Five before running a compensation review allows you to collect performance ratings for employees, which can be pulled into the Compensation feature to help managers make informed compensation decisions that reward strong performance and retain top talent. As an alternative, you have the option to manually import performance ratings from outside of 15Five into Compensation.