beqom has been ranked as the 'most capable compensation solution' in the market by Ventana Research in its 2016 Total Compensation Management Value Index. Based on a comprehensive evaluation of nine vendors’ products, the index revealed that beqom was both the most capable total compensation solution in the market, and ranked as the highest dedicated provider of compensation management. Ventana Research’s Total Compensation Value Index is an analytical representation of how well vendors’ offerings meet buyers’ requirements for software that enables and supports total compensation management.
Mark Smith, CEO and chief research officer at Ventana, said:
'Congratulations to beqom for its Capability Category Leader rating in the 2016 Value Index for Total Compensation Management. beqom’s passionate focus on meeting the compensation needs of organisations is exemplary considering the rigor of the Value Index analysis of the compensation management software market.'
Total Compensation Management is defined in the report as 'an essential activity for any organisation that values engaging and retaining employees'. According to Ventana Research’s compensation management benchmark research, '72% of organisations said that it is important or very important to have a total compensation management system rather than a piecemeal approach.'
Tanya Jansen, Head of Marketing at beqom, said:
'beqom’s rating as the most capable total compensation solution and highest ranked dedicated provider of compensation in the market in this year’s value index, further validates our exclusive focus on compensation and our product strategy of unifying all compensation processes on a single platform for HR and Sales.'