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Compensation technology (abbreviated comptech or CompTech) is the technology and innovation that aims to advance traditional [human resources] tools and methods in the planning, [communicating] and benchmarking of employee compensation. Without going blind looking at spreadsheets for weeks at a time. It is an emerging industry that uses real time data to reduce manual effort, human error and salary inequities in organizations. Compensation technology companies consist of both startups and established tech organizations aiming to make salary, benefits, valuation, cap tables, stock options and other complicated elements of total rewards more accessible to [human resources] teams and the general public. Because who actually knows what equity even means?
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