---
title: Compensation reviews
slug: compensation-reviews
createdAt: 2022-06-30T22:56:53.000Z
---
You can use *Compensation reviews* to create and manage a centralized compensation review cycle completely within ChartHop.
Within a compensation review, you can create budgets, guidelines, and implement approval flows that you can customize to fit the needs of your organization. You can establish a timeline for your compensation review cycle, collaborate with managers and approvers, and clearly visualize the impact of compensation changes to your organization. All of these tools enable you to build and implement a more transparent and equitable compensation plan.
### Access compensation reviews
To access compensation reviews: From the left sidebar, select **Comp Reviews.**
When you access compensation reviews, a list displays all compensation reviews available to you as an Owner, or, after launch, as a Reviewer, Approver, or Collaborator. From here, you can open an existing compensation review or create a new compensation review.
When you are a compensation review owner, and you open an existing compensation review, the following can occur, depending on the status of the selected compensation review:
| **Status** | **Description** |
| --------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Not started** | When the compensation review setup is currently in progress, the Cycle settings display. |
| **Active** | When the compensation review is active, the Cycle overview displays. The **Cycle settings** tab is read-only. To edit the cycle settings, select **Pause & edit**. [Learn more.](https://docs.charthop.com/launch-a-compensation-review) |
| **Paused** | When the compensation review is paused, the **Cycle overview** displays with a banner explaining that the cycle is paused. Select the **Cycle settings** tab to make changes, then select **Resume** to relaunch the cycle. [Learn more.](https://docs.charthop.com/managing-a-compensation-review) |
| **Approved** | When the compensation review was concluded with final approval, the Cycle overview displays. [Learn more.](https://docs.charthop.com/concluding-a-compensation-review) |
| **Completed** | When the compensation review was concluded without final approval, the Cycle overview displays. [Learn more.](https://docs.charthop.com/concluding-a-compensation-review) |
:::hint{type="info"}
**[Modules:](https://www.charthop.com/pricing/)** HRIS | Engagement | Goals | Performance | **Compensation Reviews** | Headcount Planning
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