NYON, SWITZERLAND—beqom, a cloud-based total compensation management software provider, today announced it has been selected by a leading global investment advisory to manage total compensation for its venture capital fund employees across the globe. The project scope will include salary review, bonus allocation, and long-term incentives, along with reporting and compensation analytics.
“We are thrilled to have one of the world’s leading investment advisories and venture capital funds join our portfolio of financial services clients,” says Vismay Gada, Head of North America and Global Financial Services at beqom. “While its policies require it to remain anonymous, the world knows it as an innovative and agile company, so we’re honored that its team recognized the ability and flexibility of beqom to support them now and in the future.”
“We could see that beqom would change our lives,” said the Head of Compensation at the firm. “It was a great product fit, and we saw that the flexible model would grow with us as we expanded.”
An incredibly fast-growing business, the venture fund expects to double its employee base within one year and sought a scalable, flexible solution to replace its spreadsheet-based manual processes. Additionally, to support the expansion, the business required enhanced focus on employee engagement and retention to attract top industry talent. The compensation team saw that beqom gave them the ability to deliver world-class rewards communication to employees, with automated benchmarking, compensation management, and rewards letters and reports.
“With beqom’s automation and user-friendly interface, we foresee an enormous reduction of manual work leading to faster HR processes, more real-time data, and more trust in the HR function,” according to the Head of Compensation. “Most importantly, beqom will enable us to engage our employees and attract the best talent in this highly competitive industry.”
beqom focuses exclusively on managing compensation for enterprises who demand the most from their compensation strategy. Since 2009, beqom has been helping the world’s top companies streamline compensation processes, cut costs, ensure compliance, reduce errors, and provide operational and strategic agility. beqom has particular expertise in financial services compensation, having worked closely with some of the world's largest financial firms to implement global compensation management that meets the specialized needs of the industry.