CompensationXL Software

4.73 / 5 (26)

Our advisors have recommended this product 1 time in the last 30 days

What is CompensationXL?

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.


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Supported Operating System(s):

Mac OS, Web browser (OS agnostic)

26 Reviews of CompensationXL

Average User Ratings

Overall

4.73 / 5 stars

Ease-of-use

4.5

Value for money

5.0

Customer support

5.0

Functionality

4.5

Ratings Snapshot

5 stars

(19)

19

4 stars

(7)

7

3 stars

(0)

0

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 26 results

August 2018

Michael from Acadian Asset Management

Verified Reviewer

Company Size: 201-500 employees

Industry: Investment Management

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

August 2018

OUtstanding

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.

Pros

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.

Cons

I have yet to be dissatisfied. The software has been excellent and delivered as sold and beyond.

November 2018

Kathy from Batesville/Hillenbrand

Company Size: 1,001-5,000 employees

Industry: Consumer Goods

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

November 2018

Flexible software, responsive team to work with

We implemented the software as a temporary solution last year while we determine if/when we'll implement a full HCM that includes compensation. It replaced a system that was extremely difficult to use, lacked flexibility, and took 4-5 hours to refresh reports with a significantly manual process. CompXL gave us exactly what we needed at a reasonable price. This was our first attempt at implementing a common system worldwide and we were able to meet almost all expectations for each of our operating companies and come to agreement on a single configuration solution when necessary. The interface was easy for most managers to use given that it's very Excel-like. The ability to change the hierarchy helps when we have people moving around. The reporting runs in seconds and is up to the minute with changes that have been entered. My only complaint is that the software runs slowly when using the online version of the workbook and when refreshing pages/moving between pages in the application.

Pros

The flexibility of the software to do most of what we needed. We were able to customize the reporting so our award approval process is very quick to complete. In addition, the customer service received from our account rep was always very timely and informative.

Cons

The slowness. When using the software, it was slow to refresh the pages, sometimes taking up to 10 seconds or a little more to refresh.

Response from HCR Software

Replied January 2019

Thanks for the valuable feedback. Per your comments about latency, we redesigned the home page so that it now has pagination to improve the page load time when viewing a large number of budget groups from the company level. We also doubled the memory on each of the data base servers so that even during peak usage season, the interface will respond promptly.

February 2016

Rebekah from Heitman LLC

Time Used: Less than 2 years


Ease-of-use

3.0

Customer support

4.5

Functionality

5.0

February 2016

Drastically cut down transaction time; New reports function invaluable

Pros

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.

Cons

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.

August 2016

Kathy from Anonymous

Company Size: 1,001-5,000 employees

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

August 2016

Great Product/Great Service

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.

Pros

Ease of use.

Cons

Would love to eliminate the export and import process and allow managers to enter directly in the system.

December 2018

Tricia from Vistra Energy

Company Size: 5,001-10,000 employees

Industry: Utilities

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

December 2018

CompXL is a Lifesaver

We went to the CompXL team with very little time to implement this program for use during the annual compensation process. The team assured me that they could have this up in running with plenty of time to test and implement. The team was completely right about the implementation. We were successful that year that we stayed another two years after the initial implementation. I would suggest this software to any company that needs a simple system, low cost, and fully supported. Great system!

Pros

* The software was very simplistic and easy for our manager population to complete a Compensation process * If there were kinks or fixes to be made, we got immediate service to get issues resolved * Programmers were very knowledgeable of the software and very responsive * The program was easy to implement in a limited time

Cons

* The system looks so much like excel that the users wanted it to act exactly like excel.