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CompXL
by Human Capital Resource Software | Founded 2006, Jacksonville, FL
Categories:
What is CompXL?
Industry Specialties: Serves all industries
CompXL, by HCR, offers four modules — Merit, Bonus, Equity and Reward. It provides cloud-based and on-premise deployment models. Its configurable functionalities enable businesses to streamline compensation planning and execution, boost employee satisfaction and productivity, and improve business ROI. It automates incentives and merit planning while reducing manual labor and administration.
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CompXL Pricing
Based on our most recent analysis, CompXL pricing and cost details are described here:
- Price
- $$$$$
- Starting From
- Still gathering data
- Pricing Model
- Monthly
- Free Trial
- Still gathering data
CompXL Benefits and Insights
Why use CompXL?
Key differentiators & advantages of CompXL
- Retain Talent: Combat employee turnover with strategic raises and compensation planning. Offer appropriate raises based on employee performance and merit.
- Improve Employee Engagement: Enhance employee satisfaction and engagement with optimized compensation and benefits based on performance and skills.
- Offer Competitive and Fair Salaries: Effectively visualize salary bands and make better offers. Helps avoid overpaying and maintaining internal pay inequities.
- Spot Compensation Inequities: Identify and eliminate pay gaps in employee compensation using detailed insights and interactive charts and reports. Boost employee satisfaction by conducting thorough pay equity analysis.
Industry Expertise
Serves a variety of industries, including pharmaceuticals, technology, retail, financial services and manufacturing.
Key Features
Merit
- Merit Planning Cycles Administer merit planning cycles from anywhere. Automatically enforce business regulations and policies. Account for multiple rules for separate business regions or units.
- Salary Adjustment Letters: Provide customizable compensation statements that include several increase components such as market adjustments, lump sum, promotion, effective date and base increase.
- Administrative Control: Facilitate better control even in unforeseen situations such as organizational restructuring, mergers, acquisitions, mass hiring and firing.
- Automated Workflow: Automatically load structured reports in a few clicks. Manage approval paths in a customized manner, including exceptions, round trips and regional variations.
- Multi-Currency: View employee data and recommend pay based on local currency. Converts and allows simplified monitoring in a common currency for finance and HR personnel.
- Manager Discretion: Access information using online and offline workbooks. Validate all data points, conceal formulas and trace all changes within the system.
Bonus
- Schedule Planner: Plan based on schedules using features like position-based proration, manager discretion and budgets based on the employee pool. Supports complex employee bonus planning and reporting requirements.
- Multi-Factor Bonus Calculator: Use simple data importing, management and storage functions customized for any business size, type or industry. Calculate bonus plans for multiple geographic regions and challenging setups.
- Spreadsheet Capabilities: Utilize Excel-like spreadsheets with data validation rules, proration and performance formula support, and eligibility capabilities. Eliminate unnecessary manual labor and complications.
- Proration Management: Automatically handle and adjust calculations based on changes in employee profile data.
- Targeted Incentive Compensation: Create and implement precisely targeted spot awards and short and long-term incentive strategies for multiple units, divisions and departments.
Equity
- Long-Term Awards: Plan, recommend and track long-term award requirements from a single dashboard. View salary statements, e-sign grant agreements and leverage quick access to supportive documentation through the employee portal. Tracking capabilities include vesting schedules, holding reports and value tracking.
Reward
- Employee Value Proposition: Offer a clear understanding of employee reward propositions on a single screen. Includes push rewards statements, custom group-centric notifications, employee usage statistics and desktop and mobile access to program administration.
Limitations
User feedback suggests the following product limitations at the time of this review:
- Challenging integration with HRIS.
- Isn’t user-friendly due to several customization options.
Suite Support
Submit a form on the contact us page with email and phone details to resolve queries.
mail_outlineEmail: info@hcrsoftware.com.
phonePhone: (888) 894-9427.
schoolTraining: Not specified.
local_offerTickets: No information available.