Retiring Spreadsheet-Based Compensation Systems with beqom
Total is the world’s fourth-largest oil and gas company and a world-leading solar energy operator through SunPower. With operations in 130 countries on 5 continents, Total has over 100,000 employees who are fully committed to better energy. The organization’s activities span oil and gas production, refining, petrochemicals and marketing. Total supplies its customers worldwide with safer, cleaner, more efficient and more innovative products and services that are accessible to as many people as possible.
Global Complexity Calls for a Scalable Yet Flexible Solution
Faced with hurdles from spreadsheet-based and in-house compensation systems, Total was looking for a solution to effectively manage all of their compensation processes. With over 100,000 employees across the globe, the company wasn’t looking for a standard suite-based compensation module. They required a robust system that could manage sophisticated compensation review campaigns, complex validation workflows and budgets linked to their matrix based organization, and still serve as an intuitive tool for their managers. Long term incentives were also an important requirement. But robust wasn’t the only criteria. With the CEO being the final decision maker on compensation strategies, the solution that Total was looking for had to be unique and, most importantly, highly adaptable.
Full Automation of All Compensation Processes, from Planning to Payment
After evaluating several compensation systems, Total selected beqom's Total Compensation Management software solution for its unified approach to compensation management. Today, the organization has automated all compensation processes on the beqom platform including budgeting and simulation of staff cost, salary review process and bonus management, long term incentives, deep analytics on forecast and budget spent.
Their compensation and benefits team now has full control of all compensation processes, including the ability to create, simulate and run salary review campaigns without assistance.
Controlling the Compensation Budget While Improving Communication and Retention
By selecting beqom Total has overcome several challenges, leading to:
- Being able to run simulations and realtime processes (budget, workflow) in the same tool.
- One unified platform to manage both Group’s requirements and the specificities of five divisions.
- Guarantee that the budget spent is aligned with the forecast.
- Improved communication and compensation transparency across all management levels.
- Enhanced talent retention and reduced turnover rate, thanks to greater communication tools.
“The choice of beqom comes after a deep evaluation of the various market solutions. We wanted a solution capable of supporting Total in transforming its HRIS to become truly global.”Dominique Pardo, President of Administration and System Management Office, TotalEnergies