Web-based software for automating the compensation planning process. Maximize your pay-for-performance spending to engage employees on the right corporate goals. Reduce administrative labor associated with creating budget workbooks, distributing them to managers, auditing them when they return, and rolling them up to create summary reporting. CompensationXL will automate your process, with your formulas and data points, and will supply your team with standard and custom reports. The solution is flexible, affordable, secure, and scaleable. You can have compensation software your way, with CompensationXL. Integrates with any HRMS including ADP, Ceridian, Peoplesoft, SAP, and more.
Not so long ago companies would have to look to home-grown software to handle their specific compensation needs. But home-grown software tends to be expensive to create and tedious to maintain. For many HR departments it wasn’t even a matter of the cost of home-grown software; the IT department simply didn’t have the resources to take on this kind of project for HR. But outside vendors now have off-the-shelf software sufficiently flexible to handle the compensation systems of most companies. HR finally has options.
The key advantage of the new wave of compensation software is that it creates a secure infrastructure that automates the distribution and collection of compensation information. The workflow, including the chain of the approval process, can now be handled by the software. Uniquely, in the case of HCR Software, managers and HR are able to continue using their familiar spreadsheets; which are embedded within a web-based application which solves the administrative and error issues presented by standalone spreadsheets.
Do you have any tips for using CompensationXL? Please add them to this list.
Please vote up or down any tips that are already here. Thank you!
Do you know any CompensationXL alternatives?
Please add the names of each tool to this list and help others to find them and try them out.
Please vote up or down any alternative so we find the most popular ones. Thank you!
We hope you enjoy CompensationXL. To search for any other online tool please use our search box at the top of the page.
If you have benefited from what you have learned here we hope you will consider sharing this page with your social media friends by using one of the sharing buttons out on the left. Thank you!
If you have any questions about CompensationXL please ask in the comment boxes below either Google+ or click over to Facebook. If you know lots about CompensationXL or any other tool featured in The Web Tools Wiki then please let us know in the comments as well. We will connect with you and give you editing rights. We often pay regular editors for their time.
