CompensationXL is a cloud-based human resources (HR) solution. It allows users to create workbooks, which they can access online. The solution stores business rules and the data is fed automatically to human resources information systems (HRIS).
CompensationXL allows managers to self-service dashboards where they can make recommendations, approve actions and generate reports. The system also helps users establish and maintain pay for performance strategies.
CompensationXL lets users upload their existing Excel workbooks into the solution. Compensation processes in the system can also be molded to fit existing processes. It allows executive to align rewards with organizational or individual performance and manage incentives such as equity and bonus.
CompensationXL is priced per employee per year. This product targets midsize market and enterprise organizations.
Rebekah from Heitman LLC
This is my second compensation year using CompXL. After the initial year of implementation, the software cut down my year-end compensation process drastically. In previous years, I would be at the office until 10pm every night for weeks on end and would be meticulously searching for file linkage errors and missed updates. The worst part about distributing Excel files to each of your department leaders individually is how difficult it is to keep track of minor tweaks and adjustments made throughout the inevitable iterations of the compensation process. The software is completely customized to my own uniquely complicated incentive compensation structure at my firm, which I would not be able to find anywhere else to this great of detail.
My biggest qualms with the software in the first year was the lack of reporting/filtering capabilities. They have updated that this year and the reporting functionality is literally invaluable. While it might take a less tech-savvy person a while to get the hang of the configuration of reports, for someone like me (who can manipulate excel from an intermediate to advanced level), the new reports allow me the perfect amount of autonomy to configure as many complex reports as I'd like. My CEO requires 30+ reports a year, so semi-automating this process was crucial. This has made my life so much easier that the biggest issue is me being LESS meticulous and detail-oriented because I trust the program more.
The most obnoxious part is the uploading of employee data since I generally have many small, one-off adjustments to make that add up. You have to import it instead of tweaking it within the system.
The obvious worst part about CompXL is the user interface, which is...very excel-like. This isn't going to be like logging into ADP, or Ultipro, or SuccessFactors to do your compensation process. But what it lacks in the modern widget-designed HRIS, it makes up in functionality. You can do a LOT more in this program than you can in any of those programs, because you are basically only limited to the limitations of Excel--which are few.
Are you comfortable in excel? If you are, this program is perfect. Will make your life 100000x better. If you aren't very excel-literate, consider some more intuitive, but less functional software programs. All of my managers have found this program very easy to use and have enjoyed the efficiencies it has created. As a practitioner, I can imagine that this would be a little cumbersome to set up in the beginning for someone who isn't very tech savvy. That said, the implementation team can handle anything you ask them to do--I just prefer to do it myself.
Michael from Acadian Asset Management
Employees number: 201-500 employees
Great overall experience. Prior to CompXL we had a very labor intensive process using excel files that would be altered by users causing significant administration issues. CompXL provided a framework and functionality to control the data and user interface eliminating the ability for users to to alter sheets.
Great product. We use excel to a great extent and CompXL allows to leverage excel to manage our compensation information and processes in a very effective customized solution for compensation management.
I have yet to be dissatisfied. The software has been excellent and delivered as sold and beyond.
MARY JO from EMMES
Employees number: 501-1,000 employees
Ease of use for managers and administrators, several report options, data dump very useful for administrators when reviewing overall increase information, and pdf statement printing.
Cannot have managers in approval process more than once. All employee increases must be recommended by their direct manager and approved by their Research Unit Leaders. RU Leaders report to the VP and the VPs have direct reports, so the straight line approval process in CompXL does not accommodate our "circular approval" requirements.
Marsha from Woodward, Inc.
This was my second year using CompensationXL and the staff supporting me at HCR is great. We use the software not only for year-end salary planning and awarding but for housing our complex global market structure as well. We haven't yet migrated to the most recent release and HCR continues to support us and help resolve whatever issues we faced this year which was mostly user error! When we needed something recorded or reprogrammed they got right on it and resolved the problem with haste. We haven't used CompensationXL to its fullest capability probably but whenever I called with challenges or issues, my reps were responsive, helpful and supported me in getting the job done. Even in the midst of Hurricane, my rep was on the phone with me concerned about my go-live the following week. Now THAT's customer service! I found the same level of service with my other rep my first year here and together they make a great team.
Nancy from Harbor Freight Tools
The product is good but the customer service is amazing!
Very responsive, Cindy and Mark can do whatever you ask them to do in a timely manner.
We are very satisfied with the CompXL and the entire HCR Software team.
Kathy from Anonymous
Employees number: 1,001-5,000 employees
This has been a very positive experience for my company. I was looking for a tool that would eliminate the manual slicing & dicing of spreadsheets and CompXL was able to provide a product to accomplish this. This tool is now sued for several different processes (Performance Management Ratings, Bonus, Merit) down to providing communication statements to employees for incentives and increases. The support we receive is outstanding. Matt is extremely flexible and supportive of our needs. If you are looking for ways to streamline processes for annual cycles and you cannot afford to purchase other more expensive systems, then this is a great option. Affordable and easy to use.
Ease of use.
Would love to eliminate the export and import process and allow managers to enter directly in the system.
Elissa from Service Experts
CompXL saved our department hours of slicing and dicing spreadsheets, managing email approvals and workflow. Our end users found the system intuitive and easy to navigate. I appreciate the total flexibility of the system allowing us to utilize CompXL for many different and varied processes. The Implementation was fast and easy and customer support was superior.
Paulette from Arizona Chemical
Excellent overall, easy to use as a spreadsheet. Matt and Travis are very helpful, accessible and knowledgeable. Reporting could use a bit of work to be more flexible in what you can run from the tool
Jeffrey from Ralph Lauren
We've been using CXL for 6 cycles now globally...very intuitive and flexible. Helped us clean up a messy process...planners troughout the organization really take to it...Great service, high recommend! Thanks HCR!
Doris from Walter Energy
The CompXL software is easy to use and can be configured to meet simple and complex requirements. The customer service aspect is also very good. Our representative is very responsive to our needs. I would not hesitate to recommend the CompXL software to other compensation/human resource professionals.
Mark from Institute for Defense Analyses
My organization has used CompXL for our annual performance review since 2009. Application has tools empowering managers to make sound decisions regarding pay, performance and budget.
Managers find CompXL easy to use and appreciate the analytical reports available to them with just a "click". We actually have managers eager to use CompXL each review cycle. Prior to CompXL the annual review process was a tedious paper pushing exercise -- now much more attention is focused on how to allocate review budget in a way which ties pay to performance.
Carrie from Hargray
I had been looking for a product for years that could move our excel-based comp sheets online and my prayers were answered! CompXL has met all of our needs and quite frankly might be the most-exciting single product I use as an HR professional. It is relatively easy to use and meets all of our needs. Matt Davis has been awesome to work with and has provided top-notch customer service every single set of the way. He is always extremely responsive and there for me when I need him, and in particular when I need his support the most when deadlines are closing in. Great, great, product that I highly recommend!
Stacy from Premier, Inc.
Pros - CompXL is an excel-based tool that our managers found intuitive when setting merit pay or processing bonus payouts and our compensation team could easily aggregate and load into our HRIS.
Cons - Separate stand alone tool.
We have used the tool for over 7 years with excellent technical support and beneficial enhancements that kept pace with our compensation needs.
Response: HCR Software, HCR Software
Date: December 2015
Stacy, Its been our pleasure serving you and the team at Premier.
One small clarification for the sake of review readers:
From a technical perspective CompXL is an EXCEL COMPATIBLE tool which is built on enterprise grade .NET platform and leveraging a SQL database with hosting on premise or in the cloud.
"Excel Based" has different implications to technical folks as there are some solutions which are literally built using the excel software framework plus vba/etc.
CompXL is not technically speaking, EXCEL BASED.
End clarification :-)
Thanks for chiming in on your satisfaction with the product and our team.
Deanna from Cymer, LLC
Overall, I really like the compensation tool and would recommend to others. Last year we used the tool for salary and bonus planning and this year we've added our Long Term Incentive planning to the tool. Ideally, I wish we would have synced up the data elements between the two planning periods for ease of using the same fields, nomenclature to allow for easier reporting, but I'll know that for next year. We are about to launch our 2nd year of salary/bonus planning and I am looking forward to working with this tool again. If you have an excel savvy HR Admin, then you can make most changes you need right in the tool. However, HCR can always make any adjustments you need in the event you're on a time crunch or don't have the technical skills to update on your own. I like the flexibility of who can control the tool and display of the spreadsheets. I would recommend knowing the process and the flow you want for approvals and what is displayed on communications and discuss with your Representative so that you can effectively map out your needs to avoid any re-work or duplicative effort. The customer service level provided is excellent and very responsive, I couldn't have asked for a better Technical Lead than who we have.
David from COG Operating LLC
CompXL has been an excellent solution for our compensation administration process. The managers find it easy to use and HR finds it a huge improvement to the cumbersome process.
Sandy from OpenText
I'd recommend the solution for small-mid size companies and even larger companies that continue to rely on Excel based processing for ad hoc reviews/programs - as this solution can significantly reduce the efforts in cutting & consolidating workbooks - along with a secure process for uploading & downloading. Easy to use and well-supported from a customer support perspective make it a win.
Quick implementation time, easy to support with few resources required, and greatly reduces the administrative effort. Snappy little tool that was well received by end users.
Not really able to interface with large enterprise apps but the exports and reports make for easy workarounds.
For HR and compensation teams of companies with 200 or more employees, CXL offers a lot of perks. The one I found most appealing was the personal service that comes with the software solution. For example, Davis says that when a company signs on, an HRC/CXL team member is assigned to them and will handle all of their needs. A company does not have to deal with multiple people – as might be the case with bigger compensation solution providers. Full review at http://www.getapp.com/blog/compensationxl-review-a-flexible-and-affordable-alternative-to-painful-compensation-processes/
I was impressed with the fact that CXL will comport to the processes of the company rather than the other way around.
not for companies with less than 200 employees