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CALMING THE COMPENSATION STORM
COMPENSATION PLANNING
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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.
Schedule a Demo
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.
Schedule a Demo
Schedule a Demo
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
We can help achieve your business outcomes. Find out how.
Schedule a Demo
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.
Schedule a Demo
Schedule a Demo
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.
Schedule a Demo
Schedule a Demo
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.
ORGANIZATIONS GETTING IT RIGHT
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Discover the full potential of our solution. Book a demo call today to explore
its wide-ranging capabilities, including:
* How to create salary structures
* How to conduct pay equity audits
* How to design incentive programs
* How to price jobs using our market data
* How to simplify compensation management
... and much more!
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Request a Demo Request a Demo
Discover the full potential of our solution. Book a demo call today to explore
its wide-ranging capabilities, including:
* How to create salary structures
* How to conduct pay equity audits
* How to design incentive programs
* How to price jobs using our market data
* How to simplify compensation management
... and much more!
By clicking this button, you consent to receiving communications from Salary.com
about our products and services. In doing so, you also consent to our Terms of
Use and Privacy Policy. You can unsubscribe via email at any time or by visiting
our preference center.
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INSIGHTS YOU NEED TO GET IT RIGHT
The latest research, expert advice, and compensation best practices all in one
place.
Top 5 Factors: Evaluating Compensation Management Solutions Blog
Figure out which compensation management solution is the best fit for your
organization.
Read More
Why Excel is Not the Answer for Compensation Analytics Ebook
Learn why Excel isn’t the answer for market pricing and what to look for in your
search.
Read More
Building and Analyzing Salary Structures White paper
Learn how to maintain and update pay structures within your organization.
Read More
Creating a Compensation Plan Blog
How the compensation and total rewards planning process create a compensation
plan.
Read More
Understanding the Gender Pay Gap in America Blog
Women in the United States earn 80 cents for every dollar paid to men.
Read More
See More Resources
IT'S EASY TO GET STARTED
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