Offers many useful features

What are the best aspects of this product?

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.

What aspects are problematic or could work better?

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 specific problems in your company were solved by this product?

Our company was using spreadsheets for our salary and bonus programs. This was a tedious task as we had to consolidate more than 40 spreadsheets quickly for the task. Therefore, we searched for a software that could help to streamline this manual process and give more visibility to managers in real time. We have been successfully using CompensationXL for the last two years and have also added our LTI process with good results. Now, we are using the software to generate employee reward statements. Our managers find the tool easy to use and adopt as it has the feel and look of our internal spreadsheets.

Are you a current user of this product?

Yes