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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.

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

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

CompensationXL Position In Our Categories

Because companies have their own business-related requirements, it is sensible they avoid choosing an all-encompassing, ideal software. Just the same, it would be almost impossible to pinpoint such application even among sought-after software solutions. The sensible step to undertake is to spell out the varied vital functions which demand consideration like crucial features, pricing, technical skill capability of the users, business size, etc. After which, you must do your product research systematically. Go over these CompensationXL evaluations and explore each of the software products in your list more closely. Such detailed product investigation makes sure you avoid ill-fitting applications and subscribe to the system that includes all the aspects your company requires to be successful.

Position of CompensationXL in our main categories:

TOP 500

CompensationXL is one of the top 500 HR Software products

If you are considering CompensationXL it could also be sensible to investigate other subcategories of HR Software listed in our database of SaaS software reviews.

It is crucial to keep in mind that virtually no software in the HR Software category will be a perfect solution that can fulfill all the needs of various company types, sizes and industries. It may be a good idea to read a few CompensationXL HR Software reviews first as certain services can perform well exclusively in a very narrow set of applications or be prepared with a very specific industry in mind. Others might operate with an idea of being simple and intuitive and as a result lack advanced elements welcomed by more experienced users. You can also come across services that support a wide group of customers and offer a powerful feature base, however that frequently comes at a more significant cost of such a service. Be certain that you're aware of your requirements so that you pick a service that provides exactly the functionalities you look for.

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

Contact for details.

User Satisfaction

Positive Social Media Mentions 3
Negative Social Media Mentions 0

We realize that when you make a decision to buy HR Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and CompensationXL reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with CompensationXL. With that information at hand you should be equipped to make an informed buying decision 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

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CompensationXL Comparisons

CompensationXL user reviews

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: 29.09.2019 Company Size: More than 100 Employees Industry: Consumer Services

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: 19.09.2019 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: 15.09.2019 Company Size: More than 100 Employees Industry: Consumer Goods

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: 31.08.2018 Company Size: More than 100 Employees Industry: Oil & Energy

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: 02.04.2018 Company Size: More than 100 Employees Industry: Hospital & Health Care

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.

What integrations are available for CompensationXL?

  • OneLogin
  • ADP Marketplace

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

Write your own review of this product

ADD A REVIEW

The most favorable review

Patrick

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.

Reviewed 2 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 1 year ago

Read full review >

More reviews from 9 actual users:

Sort by:

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

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: 29.09.2019 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

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: 19.09.2019 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: 15.09.2019 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? 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: 31.08.2018 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

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: 02.04.2018 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

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: 19.01.2018 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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Reviewed By Nestor Gilbert
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