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SimplyMerit

by MorganHR · Since 2004
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ActiveAvailable globallyCloud
Quick facts
VendorMorganHR
Year launched2004
StatusActive
Location21720 W. Long Grove Rd., Suite C-216 Deer Park, IL 60010
Countries servedGlobal
Languages6
Integrations3+
Free tier
Free trial
Contact salesYES

About SimplyMerit

SimplyMerit is a cloud compensation software from MorganHR designed for merit planning, bonuses, and equity. It combines HRIS integration, expert support, and a quick deployment time of just five days so organizations can effectively manage their compensation processes. SimplyMerit supports integration with various HRIS platforms, enabling users to eliminate traditional salary spreadsheets. This software is particularly beneficial for businesses seeking to simplify their compensation management cycle while ensuring clear and comprehensible processes. Key capabilities: compensation management HRIS integration expert support quick deployment data-driven insights Best for: HR professionals and organizations that need efficient compensation planning and management.

SimplyMerit presents itself as a compelling alternative to the often cumbersome and error-prone world of spreadsheet-based compensation management. Designed to streamline the annual compensation cycle, it targets the pain points associated with merit budgets, bonus pools, and equity grants. The core promise is to simplify and enhance the experience for all stakeholders, from compensation professionals to managers and executives. The emphasis on an intuitive interface suggests a user-friendly design, aiming to minimize the learning curve and reduce the need for extensive training. The website's assertion that managers can "virtually eliminate the need for training" implies a clear, straightforward workflow that guides users through the process. While specific visual details are absent, the focus on a "natural and deliberate workflow" suggests a well-structured and logical user experience. Functionally, SimplyMerit boasts a robust set of features designed to address the complexities of modern compensation management. Real-time collaboration, a significant advantage over static spreadsheets, allows for seamless coordination among team members, eliminating version control headaches. The automated multi-currency budgeting feature caters to global organizations, simplifying the management of compensation across different regions.

Pros & Cons

What users like
  • +Excellent customer support with responsive assistance.
  • +Easy for employees to learn and adopt quickly.
  • +Workflow tracking and progress monitoring features.
  • +Simple data export for integration with accounting systems.
  • +A solid merit and calibration tool with potential for future improvements.
What users flag
  • Limited customization options restrict flexibility.
  • Initial setup can be more complex than expected.
  • Changes to individual employees require an import process.
  • Users must follow the system’s predefined structure.
  • Still evolving and could benefit from further refinements.

Features

Key features

1. Merit & Bonus Management – Enables easy management of salary adjustments, bonuses, and equity grants
2. Multi-Currency Support – Handles global compensation budgeting in different currencies
3. Collaboration & Transparency – Allows seamless collaboration between HR, managers, and executives in real time
4. Auditability & Compliance – Maintains a system of record for approvals and compensation decisions
5. Data Modeling & Analysis – Provides insights on compensation trends, disparities, and bias detection
6. Integration with HRIS – Compatible with HR platforms like ADP, UKG, BambooHR
7. Multi-Language Support – Generates multilingual adjustment letters for global teams
8. Fast Implementation – Can be deployed in as little as five days

Additional features

1. Real-time collaboration for compensation planning
2. Automated merit budget allocation
3. Bonus pool distribution tracking
4. Equity grants management
5. Approval workflows for managers and executives
6. Pre-configured HR guidelines and recommendations
7. Compensation cycle analytics and reporting
8. Customizable notifications for approvals and rejections
9. Audit trails for compliance and tracking changes
10. HRIS integrations for easy data import/export

Pricing

Free trial
Free version
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Countries & Languages

Global
Countries served
6
Interface languages
16
Billing currencies

Interface languages

EnglishSpanishFrenchGermanPortugueseItalian

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇨🇳CNY🇮🇳INR🇷🇺RUB🇧🇷BRL🇸🇪SEK🇮🇱ILS🇿🇦ZAR🇸🇬SGD🇭🇰HKD

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