Vodafone selects beqom Compensation Cockpit to drive its annual reward review processes for all employees
London, July 11, 2011: Vodafone Group (NASDAQ: VOD) has selected beqom Compensation Cockpit to manage all fixed and variable compensation aspects internationally. Vodafone, one of the world’s largest mobile telecommunications companies, will roll out the beqom Compensation Cockpit to around 85,000 users to manage bonus calculations, long-term incentives, salary reviews and allowances across more than 20 countries.
“Our team performed a thorough market screening focusing on the incumbent and the leading HR Compensation solutions” says Bernd Flossbach, Head of Group Reward Operations & Policies at Vodafone Group. “A unique customer experience, the ability to complement and integrate the complex Vodafone IT landscape and the coverage of all compensation processes, powered by a robust rule engine, were our key selection criteria”.
“This project is of significant importance for both our companies in many ways” says Fabio Ronga, CEO of beqom. “The deployment of our application will enhance Vodafone’s global HR operations and build a strong partnership between us”.
Vodafone joins the growing list of Fortune Global 500 firms that recently selected beqom Compensation Cockpit to complement their ERP deployment and global SAP based HR platforms. “Vodafone embracing beqom Compensation Cockpit internationally shows once again that industry leaders seek a true Total Compensation Management solution to stay ahead of competition” adds Ronga, “Similar wins earlier this year point out an increasing trend in line with analysts’ expectations and beqom’s global strategy”.
Vodafone is one of the world’s largest mobile communications companies be revenue with approximately 371 million customers in its controlled and jointly controlled markets as at 31 March 2011. Vodafone currently has equity interests in over 30 countries across five continents and more than 40 partner networks worldwide. For more information, please visit www.vodafone.com