Overview
beqom empowers companies to manage compensation effectively, focusing on pay transparency, equity, and performance-driven rewards. It streamlines complex pay structures through configurable plans, real-time reporting, and AI-powered tools. While advanced features may require training, its comprehensive platform motivates talent and maintains compliance.
Overall Rating
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4
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Starting Price
Custom
beqom Specifications
Employee Information Management
Recruitment and Applicant Tracking
Performance Management
Attendance and Time Tracking
What Is beqom?
Overview
beqom is a cloud-based compensation management software that offers a complete suite of tools for human resource and sales teams. This AI-powered platform helps organizations implement fair and transparent compensation practices at scale. It empowers companies to manage complex global plans, ensuring pay equity, driving performance through incentives, and maintaining pay transparency across dispersed workforces.
What Is beqom Best For?
One of beqom's best capabilities is its ‘Pay Equity’ solution. It helps companies identify, measure, and close pay gaps between genders, ethnicities, and other demographics. This is important to promote fair compensation practices and ensure legal compliance. The software analyzes employee compensation data to generate insightful reports on pay disparities across various metrics. It then provides recommendations on equity-driven compensation adjustments. This helps companies remedy imbalances in a systematic way.
beqom Pricing
beqom Integrations
The software integrates with other applications, such as Microsoft Teams.
How Does beqom Work?
Here’s a quick rundown on how to navigate the dashboard and make the most of the software’s features:
- Log in to your beqom account using the login credentials provided during the initial setup
- Navigate to the home dashboard to get an overview of upcoming tasks, notifications, and key metrics
- Go to the 'Pay Management' module to set up compensation plans, grades, total rewards, and bands as per your organization's structure and policies
- Define compensation elements like base salary, optimal amount, bonuses, commissions, etc., and set calculation formulas and rules
- Configure individual pay statements and passports under the 'Pay Transparency' module to provide real-time access to compensation data
- Use the 'Pay Equity' tools like analytics and reports to regularly audit pay parity and ensure compliance
- Under 'Pay Intelligence', leverage features like budgeting, predicting pay impacts, and running 'what-if' scenarios
- Initiate necessary approvals, reviews, and adjustment processes directly through customized workflows
- Generate model statements and payouts and manage exceptions
- Access employee's self-service portals to view pay details, run calculations, and past performance reviews
- View comprehensive reporting and analytics options for insights
Who Is beqom For?
beqom caters to organizations from various industries and sectors, including:
- Information technology
- Banking
- Retail
- Automotive
- Food and beverages
Is beqom Right For You?
Are you struggling with complex global compensation structures that are difficult to manage manually? Do you need a solution that promotes pay transparency, equity, and compliance? beqom is ideal if you are looking to streamline total compensation management. It offers a complete compensation suite, adheres to stringent security protocols, and complies with GDPR. Popular clients like Mercedes-Benz, Pepsico, Kuehne+Nagel, and Standard Bank rely on beqom for award-winning compensation strategies. Its highly scalable and flexible SaaS platform easily integrates with existing HRIS solutions.
Not certain if beqom is the ideal choice for your needs? We’re here to provide assistance. Contact us at (661) 384-7070, and we’ll help you make the right decision.
beqom Features
beqom allows organizations to centrally define compensation structures and plans. It features attributes like salary review, grades, and band definitions. Administrators can design roles and compensation templates, track budgets and performance management, and model pay adjustments efficiently.
It provides real-time pay statements and passports to employees. Employees can access user-friendly tools to understand how their pay is calculated and stay informed, increasing transparency and trust.
This feature optimizes compensation using predictive analytics, budgeting, scenario modeling, and benchmarks. Managers can understand pay impacts and make informed decisions before finalizing payouts or adjustments.
It provides a single point to manage all workflow-based activities and approvals related to compensation. Customizable workflows ensure streamlined and compliance-focused processes.
