OpenComp
What is OpenComp?
OpenComp is a compensation management solutions provider based in Denver, Colorado. Founded in 2020 and initially known as FastComp, LLC, the company focuses on transforming how businesses manage compensation. OpenComp aims to foster a culture of trust and transparency in pay decisions, helping organizations attract and retain top talent through fair compensation practices. The company offers a comprehensive platform that includes features such as market data and benchmarking, merit and bonus cycle management, pay strategy development, pay equity analysis, and total rewards statements. OpenComps software is designed to help companies implement consistent compensation philosophies and resolve pay disparities. With over 3,000 organizations using its platform, OpenComp is recognized for its effectiveness in creating a fair compensation culture.
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