Better rewards. Better company.

The Most Scalable Compensation Management Software

Easily align your organization’s rewards with its goals and culture, giving employees what they need while optimizing the top and bottom lines — all without spreadsheets.

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The world’s leading brands trust beqom for compensation management.

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See exceptional results of our clients

Our compensation management platform will improve your company’s processes, saving you time and money, while increasing your talent retention and driving top performance. We ensure predictable and reasonable pricing to support your organization's long-term growth and prosperity.

beqom’s compensation management software integrates with the most popular HRIS's used by global businesses, like Workday, SAP SuccessFactors, Oracle, ADP, UKG, Dayforce, etc. The pros of our dynamic and flexible product pillars fill the strategic cons in HR suites, supplying a rich set of features. For example, beqom for Workday completes your compensation strategy with complementary modules that ensure fairness and compliance with pay equity, optimal decision-making with pay intelligence, and clear and transparent total comp with pay transparency.

$12 million

Reduction in annual overpayments

95%

Reduction of manual spreadsheets

80%

IT infrastructure consolidation

25%

Increase in retention

Transparent. Fair. Compliant.

There’s more than one way to manage compensation of your people

Salary Management

Manage salary reviews globally while adhering to local guidelines and policies with our compensation management software.

Budget, benchmark, predict pay, and track all salary processes and associated costs in one platform.

beqom provides comprehensive salary views for HR, Finance, managers, and employees.

Bonus Management

Define, model, simulate, and set-up your own bonus schemes, in line with corporate and regulatory guidelines in our compensation management solution.

Provide transparent and fair bonus plans to achieve optimal performance-to-reward balance for both organization and the employee.

Long-Term Incentives & Bonus Deferral

Transform the complex exercise of deferring bonuses over multiple risk profiles, performance metrics, years, and instruments into a simple process.

Track and visualize the data and history of your bonus deferral processes and associated accrued monthly expenses in our compensation management software.

Arm your managers and HR with the best that compensation management software can provide

Continuous Performance Management

Align rewards with performance in real-time to strengthen the link between results, feedback, and rewards in our compensation management solution.

Use our continuous performance management software to reward ongoing achievements of your employees throughout their professional journey.

Pay Equity Management

Apply advanced analytics and machine learning to uncover and prevent pay gaps and ensure fair pay, reduce attrition, and support compliance.

Identify at-risk employees and simulate the budget impact of remediation actions at the employee level to close the pay gap with our compensation management system.

Workforce Planning, Budgeting & Forecasting

beqom compensation planning tools enable you to comprehensively plan headcount & staff cost, budgets, payroll, and forecasts based on past, current and future data.

The compensation analysis platform provides an iterative budgeting process across all countries and populations.

beqom Pay Predictor

Based on ML capabilities, beqom compensation planning tools help you run any compensation prediction scenario for merit increase, promotion, transfer, or new hires to make more informed and accurate pay decisions and ensure unintended bias is removed from the process.

Sales Performance Management

Define, simulate, and implement sales incentive plans, objectives, sales contests, and non-cash awards using built-in ML capabilities of our comp software.

Leverage our flexible pricing, business-user-driven rules engine allowing for huge amounts of performance data and sales transactions to be converted into earnings and payments in no time.

Pay Scales and Pay Ranges

Our compensation analysis tool ensures competitive and transparent pay by easily defining pay scales, personalized by country, job, grade, level, seniority, etc.

Leverage market data or internal peer positioning in our compensation management tools. Use modeling capabilities to compare several pay scale scenarios.

Sophisticated comp management features to fuel your long-term HR strategy

Benchmarking Management

Produce accurate job offers aligned to market trends and internal peer group positioning in our comp management software. Define benchmarking plans and map to survey data with smart job matching.

Our compensation platforms allows to import survey data, produce market midpoints by job, grade, and level, and calculate compa-ratios to help you identify employees at risk of being underpaid.

Promotion Management

beqom helps you manage your internal promotion and transfer cycles across the organization, fully integrated within your compensation planning framework.

Managers can access the information needed to make objective decisions based on both performance data and employee characteristics and attributes.

Unstructured data like feedback from employees, their managers, and peers can be leveraged and even quantified as part of the promotion process.

Executive Compensation Management

To attract the right leaders, executive compensation and rewards packages not only have to be designed to be attractive, competitive, and fair, but they must also be strictly compliant with internal and external regulations.

Customer reviews of our compensation management software

“We wanted a platform to enable our leaders to effectively manage performance, create capability in their people, and grow within the organization, enabling us to take long strides towards delivering on our people promise. We found that solution in beqom CPM.”
Carole Koffman
Head of Performance Management
“When evaluating technology to enable our HR transformation, we could not afford to compromise on our compensation strategy. beqom provided flexible and powerful long-term incentive plan management with the ability to expand to other areas of compensation.”
Claire Glover
Head of Global Compensation
“We chose beqom to help us create an agile salesforce, able to adapt to change and deliver excellent customer care, while also effectively cross-selling.”
Jari Collan
Director of Compensation and Benefits
“Salary interviews became much easier after we started using PayAnalytics by beqom. Preparation for salary interviews now takes no time at all. Our employees also know that salary decisions are made in a disciplined way and that their salary is fair compared with their colleagues.”
Hildigunnur Thorsteinsson
Managing Director, Research and Innovation
“With PayAnalytics by beqom we can easily see the pay gap effect of new hires, raises, and employees moving into new roles. This brings discipline to each salary decision, ensuring equal pay for equal work, no matter who the employee is.”

From their Equal Pay Certification announcement

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Would you like to learn more about beqom compensation management software?

We’ve been working with the world’s largest organizations on global compensation management challenges for more than a decade, so we know that every company has different needs and strategic goals that can’t be answered by any one-size-fits-all product. We can help you work through the pros and cons and arrive at the best solution to help you plan and manage total compensation.

Want to learn more about compensation management best practices? Tell us a bit about your compensation challenges so we can connect you with a beqom specialist to arrange a no-obligation, personalized demo.

about beqom compensation management software

FAQs

What is a compensation management tool?

A compensation management tool is software that incorporates features such as salary, bonus, long term incentives, and sales incentives to support businesses in planning and managing their employees’ compensation and ensuring pay equity. Best-of-breed compensation management software typically features integrations with core HR or HCM systems.

What does compensation management software do?

Compensation management software can facilitate multiple tasks, including providing detailed analytics, automating tasks to remove manual errors, aiding budget management, providing performance management insights, and leveraging valuable data to compare varying compensation-based scenarios for an organization’s entire workforce.

Why use compensation management software?

By leveraging the features of compensation management software, organizations can reap many benefits, including greater accuracy in pay calculation, data-driven evaluations and predictions, control over budgets and payroll, equity in pay practices, easy compliance with relevant regulations, data-driven decisions, and centralizing of compensation data into a single system for efficient administration and access. It is especially important in global organizations with multiple compensation plans, multiple currencies, and sophisticated compensation needs.

What is a compensation management strategy?

A compensation management strategy is a plan that outlines how an organization administers and executes employee salaries, benefits, bonuses, and incentives, among other financial rewards. These strategies help organizations meet talent and business objectives, compete against other businesses, retain top employees, drive performance, support workforce equity, and improve overall management efficiency.

What’s an example of a compensation management system?

One notable example of a compensation management system is beqom’s sales performance management software, which enables businesses to learn about their sales team’s performance and utilize this information to implement effective incentive plans, attract top talent, manage the compensation budget, and feed accurate data to payroll.

Similarly, beqom’s continuous performance management software can support organizations as they review employee engagement levels and goal achievements, among other metrics, to aid decision-making, ensuring employee satisfaction and fairness in compensation. Subsequently, these benefits will increase employee morale and improve customer experiences, further aiding the organization.

What are the challenges of using compensation management software?

Some of the primary challenges and potential cons of using compensation management software includes -

The pricing and the total cost of software implementation, which may exceed some organization’s budgets;
The integration of software, which can be time-consuming and lead to data inconsistencies;
The complexity of software, which may have a learning curve and require training for users to effectively utilize all features.

What are the advantages of compensation management software?

Despite the challenges, there are plenty of pros to using compensation management software, such as:

Added consistency to compensation reviews and adjustments, establishing trust among employees;
Increased scalability in management, allowing organizations to adjust to changes in best practices and workforce numbers;
Enhanced efficiency by streamlining time-consuming processes while reducing potential errors.

Implementing AI for compensation management can further optimize processes for organizations, resulting in additional benefits related to accuracy, time management, and error reduction.

What are the pros and cons of comp software for businesses?

Compensation management software offers numerous benefits, such as streamlining pay processes, ensuring equitable compensation, and enhancing decision-making through data-driven insights. The ability to handle complex pay structures and integrate with other HR systems makes it particularly valuable for large organizations. Integrations with performance management and payroll systems enable seamless data flow, which is a notable advantage. However, some cons include the potential for high implementation costs and a learning curve for employees. Despite these challenges, the pros often outweigh the cons, as businesses benefit from improved compliance, transparency, and strategic compensation planning.

CompComplete

Raising the bar for compensation management software.

Made by experts, our next-gen comp platform is built using the latest AI technology. Lose the constraints of spreadsheets and generalist suites with substantial pricing (like, Workday, Oracle, Dayforce, and SAP). Gain the freedom to deliver any comp process for a total comp strategy that is fair, compliant, and competitive.