Calming the Compensation Storm

Compensation Planning

Access Salary Data

Keep the good, ditch the bad that comes with Excel™. CompXL harmoniously blends the versatility of spreadsheets with the efficiency of SaaS workflow. Facilitate the administration of merit raises, bonuses, commissions, long-term incentive awards, equity, and employee total rewards statements across an entire organization.

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Benefits of CompXL

Retain & Recruit Top Talent: Align and communicate total rewards to retain and recruit top talent.
Mitigate Errors:Prevent errors and enhance accuracy in your compensation planning.
Increased Efficiency: Eliminate tedious manual tasks and fast-track compensation planning.
Keep Your Formulas: Skip the process overhaul and support your existing formulas with complete Excel™ compatibility.
Centralize Planning: Manage all your compensation plans in one solution, including bonus and equity.
Streamline Collaboration: Enable teamwork within a single, comprehensive system.
Enhance Reporting: Utilize push-button reporting and analytics for effortless access and sharing.

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What We Do Better

Tailor Our Approach: Our white-glove service team is dedicated to listening and adapting, rather than forcing changes. We don’t superimpose a methodology on you, but rather align our solutions with your unique processes.
Incentivize Without Compromise: Handle even the most complex incentive programs, organization wide.
Support Multiple Currencies: Plan in 96+ native currencies while working within a budget currency.
Leverage Multi-Factor Bonuses: Link the metrics that define your business success to your talent incentives.
Customize Total Rewards Statements: Close the pay perception gap with Total Rewards Statements that make the invisible, visible.

CompXL Solutions

Fill the gaps in your compensation tech stack with only what you need

MERIT

planning software

BONUS

Incentive Compensation Software

EQUITY

Long-term Rewards Software

REWARD

Total Rewards Statement

MERIT

Merit Planning

Comprehensive Merit Planning: Integrate your payroll or core HR system with a full spectrum of merit planning capabilities, tailored for flexible and effective performance-based compensation management.
Operational Efficiency: Eliminate the manual labor associated with spreadsheets like copying, pasting, emailing, and inspecting workbooks with a single standardized system that allows collaboration without the risk of manual entry errors.
Time-Saving Dynamics: Reduce the duration of focal planning cycles by 75% while fostering more informed and strategic compensation decisions within budget constraints.
Automated Workflow: Customize and control your approval paths with ease. The system's versatility allows for loading and integration of report structures from various sources, including payroll, HR, ERP, HCM systems, or even Data Warehouses, ensuring a smooth workflow adapted to your organizational needs.
Administrative Control: Prepare your organization for any scenario, whether it’s restructuring, mergers, mass hiring, or workforce reductions. This system offers the flexibility to fully reload, update, or reorganize foundational data, providing unparalleled control over your compensation planning in the face of change.

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BONUS

Incentive Compensation

All-in-One Management: Manage your compensation, bonus, and equity plans in one place. Standardize performance and proration formulas, data validation, and eligibility rules to eliminate administrative maintenance.
Flexible Planning Tools: Empower your compensation strategy with diverse planning tools, including pool-based budgets, manager discretion, and position-based proration. Import and utilize key business metrics to ensure that bonus allocations are both fair and reflective of individual contributions.
Multi-Factor Bonus Calculation: Tailor bonus calculations to fit any industry, organizational size, or performance metric with flexible data import and storage capabilities.
Pro-Ration Management: Update compensation calculations automatically when employees transition between positions within the organization.
Targeted Incentive Compensation: Design and customize incentive schemes, such as short-term incentives, long-term incentives, and spot awards, tailored to specific departments, divisions, or units, aligning incentives with organizational goals.

EQUITY

Long-Term Awards

Award Planning: Elevate your long-term compensation strategies with a system designed to recommend and approve long-term awards. Align awards with organizational goals and employee performance, fostering a culture of recognition and long-term commitment.
Tracking System: Ensure meticulous tracking of long-term award values, with detailed holding reports and vesting schedules. Provide clear visibility and management of long-term incentives, enhancing transparency and trust.
Employee Portal: Offer your employees a user-friendly portal to view their long-term award statements, sign grant agreements, and access important documentation. Empower employees with information and a sense of ownership over their long-term incentives.

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REWARD

Total Reward Statements

Benefit Visualization: Craft comprehensive and visually appealing statements that encapsulate the full spectrum of each employee's benefits. Recognize your employees’ contributions and vividly illustrate the total value they receive, enhancing their understanding and appreciation of the company's investment in their well-being.
Reward Communication: Implement a proactive communication strategy that engages employees through timely emails, both before and during the distribution of reward statements.
Employee Education: Go beyond mere notification by educating employees on the full extent of their value proposition. Include detailed explanations of various components like cash compensation, health insurance, and both short and long-term incentives.
Engagement and Participation Analytics: Monitor and analyze how employees interact with their statements, tracking views and engagement. This insight allows for the visualization of compensation roll-up and program participation, offering a window into the effectiveness of your communication and the perceived value of the compensation packages.