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CompensationXL Review

CompensationXL
Our score: 7.0 User satisfaction: 100%

What is CompensationXL?

CompensationXL is compensation planning software made easy. It is a compensation management software program that is not only flexible but also affordable.

The tool provides the compensation team with a configurable platform that can automate and improve your company’s current process without necessarily a overhauling the process. Its solution shrinks cycle time and removes the administrative burden that is associated with handling merit increases, managing short and long term incentives, and creating total compensation statements.

Its cycles are more accurate, faster and user-friendly. It offers constant visibility and need minimal training for you to use it. CompensationXL’s low cost make it a very good stress-alleviating solution.

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Overview of CompensationXL Benefits

With CompensationXL, your company’s managers will be capable of streamlining the merit planning as well as variable compensation processes, tracking progress on your review cycles, and finally finishing the yearly compensation planning process in just weeks instead of the usual months.

It is a top compensation planning software program for bonus allocation, merit pay, equity awards, pay for performance, and total compensation statements. It delivers the flexibility and power of Excel with the workflow and convenience of the cloud.

CompensationXL can help you and your company in various ways:

  • Effectively establish and retain a pay-for-performance strategy
  • Establish manager self-service for approvals, recommendations, and reporting
  • Supports your compliance objectives with various federal regulations
  • Administer your company’s compensation programs hosted in a secure online environment
  • Set and perform merit pay budgetary guidelines
  • Enable your compensation communications as well as total compensation statements
  • Produce and easily create reports that exactly meet your specifications
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Overview of CompensationXL Features

  • Affordable to fit your company’s budget
  • Complete process visibility
  • Manual labor completely eliminated
  • Merit Planning
  • Long Term Incentives
  • Anniversary Based Cycles
  • Adhoc Reports
  • ERP/HRMS Integration
  • Administer compensation programs
  • Flexible to fit your process
  • Unmatched budgeting and financial modeling capabilities
  • Data secured behind login/password
  • Automated business rules force compliance
  • Short Term Incentives
  • Focal Cycles
  • Complex Calculations
  • Automated Approval routing
  • Custom Pages Supported

How Much Does CompensationXL Cost?

CompensationXL Pricing Plans:

Free Trial

Team Edition

Starting at $5,000 per year

Professional Edition

Starting at $10,000 per year

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What are CompensationXL pricing details?

CompensationXL Pricing Plans:

Free Trial

Team Edition

Starting at $5,000 per year

Professional Edition

Starting at $10,000 per year

Contact for details.

User Satisfaction

Positive Social Media Mentions 3
Negative Social Media Mentions 0

We know that when you make a decision to get a HR Management Software it’s important not only to learn how experts rank it in their reviews, but also to find out whether the real clients and companies that purchased it are genuinely content with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and CompensationXL reviews across a vast range of social media sites. The data is then presented in an easy to digest way revealing how many clients had positive and negative experience with CompensationXL. With that information at your disposal you will be prepared to make an informed purchasing choice that you won’t regret.

Video

Screenshots

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac
  • Web-based
  • Windows Mobile

Deployment

  • Cloud Hosted
  • On Premise

Language Support

  • English

Pricing Model

  • Annual Subscription
  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

What integrations are available for CompensationXL?

  • OneLogin
  • ADP Marketplace

CompensationXL User Reviews

CompensationXL average rating:

Average score
5/5 (9 user reviews)
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

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The most favorable review

Seth

PROS: CompensationXL is a highly flexible software. It was easy to implement the system and we merely had to send an email and a video to our frontline mangers to get them started. Our implementation contact at CompensationXL was very helpful and answered all our questions knowledgeably. She was very competent and helped us make the required changes quickly and easily. She has a fantastic attitude and never complained about anything. I highly recommend this vendor.

CONS: The only challenge I had was to import changes to our data. Canned templates would have made the job easier because I needed to group some fields. But since it was my choice to do the work, I have no complaints. It was easy after I worked out a few things. Plus, I could have easily asked our implementation team to manage the data changes.

Reviewed 8 years ago

Read full review >

The least favorable review

Marvin

PROS: With CXL, we don’t have to worry about the manual errors involved in using multiple spreadsheets. Plus, the app improves data integrity.

CONS: I wish I could make changes in the software without needing to download a new Excel file. Plus, we are not able to feed our ADP payroll system directly into CXL and have to depend on manual loads.

Reviewed 4 years ago

Read full review >

More reviews from 9 actual users:

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Latest
  • Latest
  • Most useful
  • Most positive
  • Most negative

Excellent support

Read full review >
Gilbert
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 25.09.2021 Company Size: More than 100 Employees Industry: Telecommunications

PROS: CompensationXL exactly meets my needs. We have used it to automate our Excel-based process. Now, we can provide reports to all managers while previously they had been offered only to executives because it used to take a lot of time to manually prepare them.

CONS: I have no complaints, CXL is a top rate product.

What do you think about this review?

Great Poor

Intuitive and user friendly system

Read full review >
Sheri
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 24.09.2021 Company Size: More than 100 Employees Industry: Consumer Goods

PROS: The software is intuitive and flexible and it is easy to make changes and adjustments. It was easy to implement the system. The reporting analytics are excellent. The customer support is prompt and resolves our issues quickly.

CONS: The only drawback is it is a bit difficult to update employee demographics.

What do you think about this review?

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Show More User Reviews (9)

Flexible solution

Read full review >
Jen
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 10.07.2021 Company Size: More than 100 Employees Industry: Consumer Services

PROS: CXL is a flexible system that can be adapted to our company’s changing needs. It offers automated approval management which helps us to manage our team better.

CONS: The site is well organized, but the home page could be less cluttered, so that users can easily know what to access and where to go.

What do you think about this review?

Great Poor

User friendly system

Read full review >
Muriel
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 29.04.2021 Company Size: More than 100 Employees Industry: Hospital & Health Care

PROS: The knowledgeable client support team helped us configure what we required. Together, we produced a user friendly system that was perfect for our compensation planning requirements for bonuses and merit. They continued to help us by efficiently developing automations and enhancements for our compensation and technical needs.

CONS: It was a standalone product that we could not integrate with our other systems.

What do you think about this review?

Great Poor

Good system to handle merit and promotion

Read full review >
Marvin
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 17.04.2021 Company Size: More than 100 Employees Industry: Oil & Energy

PROS: With CXL, we don’t have to worry about the manual errors involved in using multiple spreadsheets. Plus, the app improves data integrity.

CONS: I wish I could make changes in the software without needing to download a new Excel file. Plus, we are not able to feed our ADP payroll system directly into CXL and have to depend on manual loads.

What do you think about this review?

Great Poor

Easy to use and intuitive platform

Read full review >
Marty
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 07.04.2021 Company Size: More than 100 Employees Industry: Chemicals

PROS: CompensationXL is intuitive and easy to use. HR can use the excellent reporting and analytics features to assess the process and monitor the work of managers. Companies can use the app’s flexibility for their salary planning work. The vendor’s support team was fantastic and helped us get started easily and quickly.

CONS: The only minus point is the software allows a feed of employee data only at the opening of the cycle and not more frequently.

What do you think about this review?

Great Poor

I highly recommend this product

Read full review >
Seth
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 14.01.2018 Company Size: More than 100 Employees Industry: Oil & Energy

PROS: CompensationXL is a highly flexible software. It was easy to implement the system and we merely had to send an email and a video to our frontline mangers to get them started. Our implementation contact at CompensationXL was very helpful and answered all our questions knowledgeably. She was very competent and helped us make the required changes quickly and easily. She has a fantastic attitude and never complained about anything. I highly recommend this vendor.

CONS: The only challenge I had was to import changes to our data. Canned templates would have made the job easier because I needed to group some fields. But since it was my choice to do the work, I have no complaints. It was easy after I worked out a few things. Plus, I could have easily asked our implementation team to manage the data changes.

What do you think about this review?

Great Poor

Offers many useful features

Read full review >
Patrick
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 29.12.2017 Company Size: More than 100 Employees Industry: Semiconductors

PROS: CompensationXL is flexible and you can customize the software for your specific needs. You can add proxy users who can help with the customization by working with managers. The single sign on (SSO) feature ensures we can control access to authorized users such as internal IT security. Administrative users can easily make changes to the formulas and tool in-house and do not have to request it through HCR although they are responsive. After publication, the new downloads from the site show the latest changes. Managers can work offline and upload the information later when they go online.

CONS: The vendor’s initial training documents were not that useful and we had to create new customized documents for our needs and for our managers. Also, managers who have multiple lower level managers under them need to have a timeline to ensure files are not overwritten inadvertently which can delete their recommendations. The audit feature could be improved as it is a bit basic right now.

What do you think about this review?

Great Poor

Flexible application

Read full review >
Patti
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 22.12.2017 Company Size: More than 100 Employees Industry: Chemicals

PROS: CompensationXL offers unlimited opportunities. We customized the software for our company needs and could use it successfully in our sites in both the US and EU. The system is intuitive and I could start using it without training. Managers can download their spreadsheets, complete their work, and upload the files any time. This offers great flexibility. I can track the stage managers are in the review process which helps me in the administration of compensation planning.

CONS: The only drawback is it is a bit difficult to make changes to the files after managers submit their feedback.

What do you think about this review?

Great Poor
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CompensationXL user reviews

Excellent support

Read full review >
Gilbert
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 25.09.2021 Company Size: More than 100 Employees Industry: Telecommunications

Intuitive and user friendly system

Read full review >
Sheri
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 24.09.2021 Company Size: More than 100 Employees Industry: Consumer Goods

Flexible solution

Read full review >
Jen
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 10.07.2021 Company Size: More than 100 Employees Industry: Consumer Services

User friendly system

Read full review >
Muriel
5/5

Overall impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 29.04.2021 Company Size: More than 100 Employees Industry: Hospital & Health Care

Good system to handle merit and promotion

Read full review >
Marvin
4/5

Overall impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 17.04.2021 Company Size: More than 100 Employees Industry: Oil & Energy
Nestor Gilbert

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS analyst and a core contributor at FinancesOnline for over 5 years. With his experience in software development and extensive knowledge of SaaS management, he writes mostly about emerging B2B technologies and their impact on the current business landscape. However, he also provides in-depth reviews on a wide range of software solutions to help businesses find suitable options for them. Through his work, he aims to help companies develop a more tech-forward approach to their operations and overcome their SaaS-related challenges.

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