CompensationXL is a cloud-based HR solution that allows users to create and access workbooks online. It stores business rules and automatically inputs data into HRIS. The platform provides self-service dashboards for managers to make recommendations, approve actions, and generate reports. It supports performance-based pay strategies and can adapt compensation processes to existing workflows.
Managers can align rewards with organizational or individual performance and manage incentives like stock and bonuses.
COMPENSATIONXL – TUTORIAL
COMPENSATIONXL – FEATURES
- Aligns compensation strategies with organizational goals, improving talent retention and motivation
- Manages all compensation elements on a single platform, including merit pay and stock awards
- Multi-currency capabilities for global workforces and strategies
- Customizable to reflect the unique culture and goals of your organization
- Combines the familiar Excel interface with SaaS efficiency and security to optimize compensation planning and execution
- Reduces planning cycle times
- Provides managers with comprehensive planning views, fewer clicks, informed decisions
- Imports and views salary history for managerial decision support
- Flexible approval routing to maximize discretion
- End-of-cycle statements from simple adjustment letters to multi-page total reward statements
Conclusion
CompensationXL is a payroll software that allows users to upload existing Excel workbooks into the solution for precise employee insights.
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ACCU-RATE:
| Usability: 9 /10 | Speed: 9 /10 | Features: 8.5 /10 | Support: 9 /10 | Pricing: 4 /10 |
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