NYON, SWITZERLAND—beqom, the total compensation management solution, today announced it was named to the Constellation ShortList™ for Compensation Management in Q3 2022. Constellation Research delivers strategic guidance to companies seeking to transform their businesses through the early adoption of exponential technologies.
“We appreciate that Constellation once again has rated beqom as a solution that can deliver HR digital transformation and raise the level of how companies plan and manage total compensation,” says Tanya Jansen, beqom CMO. “The award validates that beqom is at the forefront of innovation in people-centric performance and rewards management, as further evidenced by our recent acquisition of the Our Tandem continuous performance management platform.”
The Constellation ShortList for Compensation Management notes that, “Because employee cost is the top cost category in almost all industries, enterprises need to raise the level of how they measure, plan and execute compensation management. The sad reality is that in many organizations, compensation decisions are made by people leaders using Microsoft Excel. With the war for talent raging and the next best (often also better paid) job waiting just around the corner, enterprises need to give people leaders better tools to make their compensation decisions more effective.”
Products and services named to the Constellation ShortList meet the threshold criteria for this category as determined through client inquiries, partner conversations, customer references, vendor selection projects, market share, and internal research.
“Organizations must reconsider how they balance business models, work/life priorities, and new market conditions during the uncertain climate of the Great Refactoring,” said R “Ray” Wang, chairman and founder at Constellation Research. “Constellation’s ShortLists reflect the top vendors that matter most to our network of buy-side clients. We publish ShortLists to expedite the decision-making process for leaders making critical vendor selections, so they can find the right partners to enable their business success."
beqom provides a cloud-based compensation management solution that unifies all compensation and rewards processes on a single platform, from salary and bonus to deferred incentives and sales commissions. Designed to meet the sophisticated needs of leading enterprises, beqom enables companies to attract and retain talent, engage and motivate employees, control costs, streamline processes, and ensure fair and compliant pay. beqom integrates seamlessly with core HCM software, providing the best-of-breed capabilities needed to implement effective compensation strategies worldwide, without compromise. beqom is used across all industry sectors by leading global companies.
Constellation Research does not endorse any solution or service named in its research.