MERIT
Merit Planning with CompXL
For your organization, merit planning is not just a process—it’s a strategic tool. CompXL’s merit planning software is crafted with the complexity and scale of your operations in mind, offering unparalleled customization to perfectly align with your company’s unique goals and structures and work alongside your payroll or core HR system. Eliminate the manual labor of copying, pasting, emailing, and inspecting workbooks.
MERIT supports YOUR planning strategy, workbook format, formulas, and approval workflows with one intuitive software solution.
%
cycle time
Reduce the duration of focal planning cycles by 70% while staying within budget and making better-informed compensation decisions.
Merit by CompXL Features
Manager Discretion
Enables secure, informed decision-making with easy access to vital data, such as salary history. Enhances accountability with traceable changes and protected formulas, all while reducing administrative load through robust self-service capabilities.
Multi-CurrencySupports multi-currency functionality for seamless global compensation planning, ensuring compliance with international data security such as GDPR and CCPA.
Customizable WorkflowOffers flexibility in managing approval paths, accommodating organizational nuances with ease, and integrating effortlessly with various data sources (payroll, HR, ERP, HCM, or even from a Data Warehouse).
Administrative ControlProvides comprehensive tools for managing foundational data amidst organizational changes – like reductions in force, mass hiring, mergers, acquisitions, and organizational restructuring – ensuring continued operational excellence.
MERIT by CompXL
is your solution.
Seeing is Believing
In our rapidly evolving world, organizations are reexamining how they conduct Merit Planning and how well their current compensation software supports their need for agility. Innovative compensation professionals must employ an arsenal of tactics to remain competitive in the war for talent. Previously, the peanut butter approach of spreading a 3% salary increase budget evenly across the employee population worked well enough.
Now, compensation management software buyers must seek advanced functionality and flexibility to support multi-currency merit planning, outstanding service awards, lump-sum adjustments, project completion bonuses, spot awards, and market adjustments. Many companies are looking to utilize variable pay in even their annual merit planning cycle.
Explore Other Add-On Software Solutions
Bonus
Equity
Reward
Client’s Tell All
“Easy to Use and Good Customer Service”
I used to spend a lot of time each merit season setting up the current year’s review in our old comp system and struggling with subpar reporting, with CompXL nearly all of that goes away. My customer service experience has also been good.
Cheryl B. Director, Compensation & Payroll
