beqom has been selected at one of the world’s top banks to manage their HR compensation processes for all employees globally.
An increasing number of compliance initiatives are changing how HR departments are managing their compensation processes.
The SEC is requiring that companies prove executive pay is directly tied to company performance. Similar requirements have already been enforced across Europe by CRD IV and Solvency II directives.
Companies are also facing internal pressure to establish that compensation policies are managed and executed in compliance with corporate policies.
In order to meet these new challenges, HR managers must guarantee compensation processes are transparent, compliant with external regulations, compliant with internal policies and tightly controlled.
So, what does this exactly mean for HR managers?