CompXL vs COMPview

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Our analysts compared CompXL vs COMPview based on data from our 400+ point analysis of Compensation Management Software, user reviews and our own crowdsourced data from our free software selection platform.

CompXL Software Tool

Product Basics

CompXL, by HCR, offers four modules — Merit, Bonus, Equity and Reward. It provides cloud-based and on-premise deployment models. Its configurable functionalities enable businesses to streamline compensation planning and execution, boost employee satisfaction and productivity, and improve business ROI. It automates incentives and merit planning while reducing manual labor and administration.
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COMPview is a cloud-based compensation management solution that streamlines and simplifies every part of the compensation cycle. Real-time data allows managers and HR professionals to make informed decisions when issuing salaries and awards. Identify top performers and retain staff by quickly calculating, recommending and approving allocations based on performance metrics.

Customize and configure budget and compensation models using in-house rules, goals and performance ratings to ensure equitable awards. Increase transparency, facilitate communication and motivate employees by publishing and viewing compensation statements online. It can handle the needs of businesses of any size and scale with company growth.
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$35/Employee, Monthly
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$7,500 Annually
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Product Assistance

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24/7 Live Support
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Product Insights

  • Retain Talent: Combat employee turnover with strategic raises and compensation planning. Offer appropriate raises based on employee performance and merit. 
  • Improve Employee Engagement: Enhance employee satisfaction and engagement with optimized compensation and benefits based on performance and skills. 
  • Offer Competitive and Fair Salaries: Effectively visualize salary bands and make better offers. Helps avoid overpaying and maintaining internal pay inequities. 
  • Spot Compensation Inequities: Identify and eliminate pay gaps in employee compensation using detailed insights and interactive charts and reports. Boost employee satisfaction by conducting thorough pay equity analysis. 
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  • Enhanced Efficiency and Accuracy: Automating compensation processes reduces the risk of errors and saves time, allowing HR teams to focus on strategic initiatives.
  • Improved Compliance: COMPview helps organizations adhere to complex compensation regulations and avoid costly penalties.
  • Data-Driven Decision Making: The software provides robust reporting and analytics capabilities, enabling informed compensation decisions based on real-time data.
  • Increased Transparency and Fairness: COMPview promotes transparency by providing employees with clear insights into their compensation and how it aligns with market benchmarks and internal equity.
  • Enhanced Employee Engagement and Retention: A well-managed compensation program can boost employee morale, motivation, and loyalty, leading to higher retention rates.
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  • Merit Planning Cycles Administer merit planning cycles from anywhere. Automatically enforce business regulations and policies. Account for multiple rules for separate business regions or units. 
  • Salary Adjustment Letters: Provide customizable compensation statements that include several increase components such as market adjustments, lump sum, promotion, effective date and base increase. 
  • Administrative Control: Facilitate better control even in unforeseen situations such as organizational restructuring, mergers, acquisitions, mass hiring and firing. 
  • Automated Workflow: Automatically load structured reports in a few clicks. Manage approval paths in a customized manner, including exceptions, round trips and regional variations. 
  • Multi-Currency: View employee data and recommend pay based on local currency. Converts and allows simplified monitoring in a common currency for finance and HR personnel.
  • Manager Discretion: Access information using online and offline workbooks. Validate all data points, conceal formulas and trace all changes within the system. 
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  • Compensation Management: Simplify complex plans and oversee the entire compensation cycle from one location. Create and manage multiple salary, merit, bonus and equity plans, with accommodations for differences in rules, budgets and considerations. Pre-calculate employee awards using factors determined by HR and management. 
    • Multiple Currencies: Utilize talent worldwide by translating awards and compensation into 60 different currencies. 
    • Audits: Produce audit trails for every award and employee. Use prior audits to inform future decision-making. 
  • Performance Management: Quickly communicate with line managers to set or adjust employee expectations. Monitor the progress of all employees across multiple departments and geographic locations. Consult with a dedicated engagement manager to keep employees motivated to meet or exceed expectations. 
  • Real-time Data: Receive up-to-the-minute data regarding employee performance and awards allocation. Ensure fair pay practices and equitable distribution of rewards as they generate. 
  • Approval Hierarchies: Create approval hierarchies to ensure proper authorization of awards and continuation of workflows. Issue custom rules for each workflow. 
  • Report Generation: Generate customized reports and statements for each employee. Publish statements online to communicate rewards and allocations quickly. 
  • Third-party Integration: Integrate with other legacy systems and incorporate data from multiple streams, like HRIS, payroll and other financial platforms. 
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Product Ranking

#65

among all
Compensation Management Software

#77

among all
Compensation Management Software

Find out who the leaders are

Analyst Rating Summary

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82
56
93
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100
43
67
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Platform and Security Capabilities
Compliances
Platform and Security Capabilities
Budgeting and Forecasting
Integrations and Extensibility

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

CompXL
COMPview
+ Add Product + Add Product
Budgeting And Forecasting Compliances Dashboard And Reporting Mobile Capabilities Platform And Security Capabilities Rewards And Recognition Salary And Pay Structure Management Variable Compensation And Incentives Management 56 81 43 71 87 50 82 78 93 100 67 53 96 63 83 78 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

63%
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37%
88%
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User Sentiment Summary

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Excellent User Sentiment 88 reviews
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91%
of users recommend this product

COMPview has a 'excellent' User Satisfaction Rating of 91% when considering 88 user reviews from 2 recognized software review sites.

n/a
4.5 (68)
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4.7 (20)

Awards

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SelectHub research analysts have evaluated COMPview and concluded it deserves the award for the Best Overall Compensation Management Software available today and earns best-in-class honors for Budgeting and Forecasting and Compliances. COMPview stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

Analysts' Pick Award
User Favorite Award
Budgeting and Forecasting Award
Compliances Award

Synopsis of User Ratings and Reviews

Compensation Planning: Provides tools to model "what-if" scenarios for merit increases, promotions, and bonus payouts, allowing for better cost control and alignment with company budgets.
Performance Management: Facilitates the alignment of employee performance with compensation decisions, ensuring that rewards are directly tied to individual and company achievements.
Reporting and Analytics: Offers robust reporting capabilities, enabling HR professionals to gain insights into compensation trends, identify potential pay gaps, and make data-driven decisions.
Compliance: Helps organizations adhere to complex compensation regulations and avoid legal issues by providing tools for tracking and managing employee compensation data.
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Streamlined Workflow: Users appreciate the ability to easily manage employee compensation, including salary planning, merit increases, and bonus payouts, all within a single platform. This eliminates the need for multiple spreadsheets or disparate systems, saving time and reducing the risk of errors.
Data-Driven Insights: COMPview provides users with robust reporting and analytics capabilities, enabling them to gain valuable insights into their compensation data. This information can be used to make informed decisions about salary adjustments, identify pay gaps, and ensure that compensation is aligned with market trends and company goals.
Compliance and Governance: The software helps organizations maintain compliance with relevant regulations and internal policies. It provides tools for tracking and managing employee compensation data, ensuring that all decisions are documented and auditable.
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Limited Customization: CompXL's rigid structure makes it difficult to accommodate unique compensation plans or complex organizational structures, especially for larger enterprises with diverse needs.
Steep Learning Curve: The software's interface can be overwhelming for new users due to its intricate features and functionalities, often requiring extensive training and support to navigate effectively.
Integration Challenges: Integrating CompXL with existing HR systems or payroll software can be a complex and time-consuming process, potentially requiring custom development or third-party tools.
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Limited Functionality: Users have expressed frustration with the software's limitations in handling complex compensation structures and calculations, particularly for organizations with diverse employee roles and global operations.
Usability Challenges: The user interface has been criticized for being outdated and cumbersome, leading to a steep learning curve and decreased efficiency for HR professionals.
Integration Issues: Difficulties integrating COMPview with existing HR and payroll systems have been reported, resulting in data inconsistencies and manual data entry requirements.
Reporting Limitations: Users have noted a lack of flexibility and customization options in generating reports, hindering their ability to analyze compensation data effectively.
Customer Support: Some users have expressed dissatisfaction with the responsiveness and effectiveness of customer support, leading to delays in resolving technical issues and addressing user concerns.
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CompXL has garnered positive feedback for its user-friendly interface and robust reporting capabilities, particularly in comparison to its competitors. Users appreciate the intuitive design, which simplifies complex compensation management tasks and reduces the learning curve for new team members. The comprehensive reporting tools enable HR professionals to gain valuable insights into compensation trends and make data-driven decisions. However, some users have noted that the initial setup process can be time-consuming, requiring careful data migration and configuration. Additionally, while CompXL offers a wide range of features, certain advanced functionalities may require additional modules or customization, which can incur extra costs. Despite these drawbacks, CompXL stands out for its flexibility and scalability, making it suitable for organizations of all sizes. Its ability to handle diverse compensation structures, including base pay, bonuses, and long-term incentives, caters to the needs of various industries and roles. Furthermore, CompXL integrates seamlessly with existing HR systems, streamlining data flow and reducing manual effort. This integration capability is crucial for organizations seeking to optimize their HR processes and improve overall efficiency. In conclusion, CompXL is an ideal solution for organizations seeking a user-friendly, scalable, and feature-rich compensation management software, particularly those with complex compensation structures and a need for advanced reporting and analytics.

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COMPview has garnered positive feedback for its user-friendly interface and comprehensive compensation management features. Users appreciate the platform's intuitive design, which makes it easy to navigate and find the information they need. The software's ability to handle complex compensation structures, including base pay, bonuses, and equity, has also been praised. Additionally, users value the reporting and analytics capabilities, which provide insights into compensation trends and help ensure pay equity. However, some users have noted that COMPview can be slow at times, particularly when dealing with large datasets. Additionally, the software's customization options have been described as somewhat limited, which may be a concern for organizations with unique compensation needs. Compared to competitors like PayScale and Salary.com, COMPview offers a more robust set of features for managing employee compensation, but it may come at a higher cost. Overall, COMPview is well-suited for mid-sized to large organizations that require a comprehensive solution for managing employee compensation. Its user-friendly interface, robust features, and reporting capabilities make it a valuable tool for HR professionals and compensation analysts. However, organizations with limited budgets or highly specialized compensation needs may want to consider alternative solutions.

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