CompensationXL

CompensationXL is the only solution that will eliminate the tactical burden of administering the compensation cycle, and allow the users to leverage the user’s current Excel compensation worksheets as the basis of configuration which will allow the users to continue to support and embrace the user’s unique strategy for competitive compensation planning without re-training the user’s managers.

CompensationXL offers features such as focal planning, merit pay and incentives. CompensationXL provides the compensation team with a tool so configurable that it will truly automate and improve the user’s current process without requiring a process overhaul.

CompensationXL solution shrinks cycle time while eliminating the administrative burden associated with managing merit increases, allocating short and long term incentives, and producing total compensation statements.

CompensationXL lets the users take advantage of the workflow, security, & reliability of a cloud-based compensation solution. CompensationXl solution supports multi-currency deployments allowing managers to plan in local currencies.

CompensationXL lets the users make recommendations online and review recommendations offline. CompensationXL has robust business rule enforcement engine for eligibility and budget. CompensationXL lets the users administer, automate, and streamline the user’s compensation planning process. CompensationXL also lets the users align rewards with individual and organizational performance.

CompensationXL lets the users manage all the user’s plans in one place including bonus and equity. CompensationXL offers adjustment letters and/or total reward statements which are just a click away. CompensationXL is an approved vendor on the SilkRoad TalentApp portal which enables the users of the LifeSuite and HRMS a pre-integrated flexible compensation planning solution to meet their needs.