beqom vs COMPview

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Our analysts compared beqom vs COMPview based on data from our 400+ point analysis of Compensation Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

Beqom is a compensation management software solution designed for mid-sized and large organizations. It helps businesses automate and streamline their compensation processes, from salary planning and budgeting to performance reviews and incentive plan design. Beqom offers a comprehensive suite of features, including goal setting, performance tracking, compensation modeling, and communication tools. It also integrates with popular HR and payroll systems. Beqom is particularly well-suited for companies with complex compensation plans or those looking to improve their compensation data and analytics. Users of Beqom have reported benefits such as increased transparency and fairness in compensation decisions, improved employee motivation and engagement, and reduced administrative costs. Some popular features of Beqom include its intuitive user interface, flexible configuration options, and robust reporting capabilities. Beqom is a subscription-based service with pricing that varies depending on the size and needs of the organization. It offers a free trial so companies can try it out before they buy.

Pros
  • Streamlines processes
  • Improved data & analytics
  • Increased transparency
  • Boosted employee engagement
  • Reduced administrative costs
Cons
  • Complex setup
  • Limited customization
  • Steep learning curve
  • Potentially high cost
  • Limited customer support
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COMPview is a cloud-based compensation management solution that streamlines and simplifies every part of the compensation cycle. Real-time data allows managers and HR professionals to make informed decisions when issuing salaries and awards. Identify top performers and retain staff by quickly calculating, recommending and approving allocations based on performance metrics.

Customize and configure budget and compensation models using in-house rules, goals and performance ratings to ensure equitable awards. Increase transparency, facilitate communication and motivate employees by publishing and viewing compensation statements online. It can handle the needs of businesses of any size and scale with company growth.
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$20/User
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Tailored to your specific needs
$7,500 Annually
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Tailored to your specific needs
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Product Assistance

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Knowledge Base
24/7 Live Support
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24/7 Live Support

Product Insights

  • Improved data-driven decisions: Beqom provides comprehensive insights and analytics to help businesses make informed decisions about compensation, leading to better talent acquisition, retention, and performance management.
  • Enhanced employee satisfaction and engagement: Beqom fosters transparency and fairness in compensation practices, motivating employees and boosting their overall satisfaction. Flexible compensation plans, personalized rewards, and clear communication contribute to increased engagement and productivity.
  • Reduced administrative costs and time: Beqom automates many compensation tasks, from plan design and budget allocation to performance tracking and incentive payouts. This automation frees up valuable resources and saves businesses significant time and money.
  • Improved compliance and risk mitigation: Beqom helps businesses stay compliant with complex compensation regulations and avoid potential legal or financial risks. Its built-in compliance tools and real-time audits ensure accurate and consistent compensation practices.
  • Enhanced scalability and adaptability: Beqom is highly scalable and adaptable, growing with your business and its evolving needs. It accommodates diverse organizational structures, compensation plans, and global operations.
  • Streamlined global compensation management: Beqom simplifies managing compensation across multiple countries and regions. It supports diverse currencies, languages, and regulatory requirements, ensuring global consistency and compliance.
  • Improved workforce planning and talent acquisition: Beqom provides valuable insights into talent market trends and competitor compensation practices. This data empowers businesses to make informed workforce planning decisions and attract and retain top talent.
  • Enhanced communication and collaboration: Beqom facilitates effective communication between managers and employees regarding compensation plans, performance expectations, and rewards. This transparency fosters trust and understanding, leading to stronger collaboration and team performance.
  • Data-driven talent development: Beqom helps identify high-performing employees and supports personalized career development initiatives. By linking performance data to compensation decisions, businesses can invest in their talent and encourage continuous growth.
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  • Enhanced Efficiency and Accuracy: Automating compensation processes reduces the risk of errors and saves time, allowing HR teams to focus on strategic initiatives.
  • Improved Compliance: COMPview helps organizations adhere to complex compensation regulations and avoid costly penalties.
  • Data-Driven Decision Making: The software provides robust reporting and analytics capabilities, enabling informed compensation decisions based on real-time data.
  • Increased Transparency and Fairness: COMPview promotes transparency by providing employees with clear insights into their compensation and how it aligns with market benchmarks and internal equity.
  • Enhanced Employee Engagement and Retention: A well-managed compensation program can boost employee morale, motivation, and loyalty, leading to higher retention rates.
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  • Rule-based automation: Automate compensation calculations, including performance-based bonuses, commissions, and equity allocation.
  • Performance management: Streamline performance reviews, goal setting, and feedback processes with comprehensive tools.
  • Salary planning and budgeting: Create and manage salary bands and budgets with built-in modeling and forecasting tools.
  • Incentive plan design: Develop and configure complex incentive plans with various performance metrics and reward structures.
  • Data integration and analytics: Integrate data from various sources and leverage advanced analytics to gain insights into compensation data.
  • Global compensation management: Manage compensation across multiple countries and currencies with features like localization and compliance tools.
  • Self-service portal: Provide employees with self-service access to their compensation information, pay statements, and performance data.
  • Mobile access: Access compensation data and functionality on mobile devices for increased flexibility and convenience.
  • Reporting and dashboards: Generate comprehensive reports and visualize key compensation data with customizable dashboards.
  • Security and compliance: Benefit from robust security features and compliance with global data privacy regulations.
  • Open API: Integrate beqom with other HR and business systems through its open API for enhanced functionality.
  • AI-powered recommendations: Leverage AI to receive personalized recommendations for compensation decisions and talent management.
  • Configuration and customization: Tailor the platform to your organization's specific needs with extensive configuration options.
  • Scalability and performance: Handle large volumes of data and users with a scalable and high-performance platform.
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  • Compensation Management: Simplify complex plans and oversee the entire compensation cycle from one location. Create and manage multiple salary, merit, bonus and equity plans, with accommodations for differences in rules, budgets and considerations. Pre-calculate employee awards using factors determined by HR and management. 
    • Multiple Currencies: Utilize talent worldwide by translating awards and compensation into 60 different currencies. 
    • Audits: Produce audit trails for every award and employee. Use prior audits to inform future decision-making. 
  • Performance Management: Quickly communicate with line managers to set or adjust employee expectations. Monitor the progress of all employees across multiple departments and geographic locations. Consult with a dedicated engagement manager to keep employees motivated to meet or exceed expectations. 
  • Real-time Data: Receive up-to-the-minute data regarding employee performance and awards allocation. Ensure fair pay practices and equitable distribution of rewards as they generate. 
  • Approval Hierarchies: Create approval hierarchies to ensure proper authorization of awards and continuation of workflows. Issue custom rules for each workflow. 
  • Report Generation: Generate customized reports and statements for each employee. Publish statements online to communicate rewards and allocations quickly. 
  • Third-party Integration: Integrate with other legacy systems and incorporate data from multiple streams, like HRIS, payroll and other financial platforms. 
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Product Ranking

#26

among all
Compensation Management Software

#77

among all
Compensation Management Software

Find out who the leaders are

Analyst Rating Summary

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82
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93
100
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87
67
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Compliances
Variable Compensation and Incentives Management
Platform and Security Capabilities
Dashboard and Reporting
Compliances
Platform and Security Capabilities
Budgeting and Forecasting
Integrations and Extensibility

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

beqom
COMPview
+ Add Product + Add Product
Budgeting And Forecasting Compliances Dashboard And Reporting Mobile Capabilities Platform And Security Capabilities Rewards And Recognition Salary And Pay Structure Management Variable Compensation And Incentives Management 81 100 87 76 93 50 74 100 93 100 67 53 96 63 83 78 0 25 50 75 100
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89%
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11%
67%
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37%
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79%
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21%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

50%
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88%
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12%

User Sentiment Summary

Excellent User Sentiment 7 reviews
Excellent User Sentiment 88 reviews
94%
of users recommend this product

beqom has a 'excellent' User Satisfaction Rating of 94% when considering 7 user reviews from 1 recognized software review sites.

91%
of users recommend this product

COMPview has a 'excellent' User Satisfaction Rating of 91% when considering 88 user reviews from 2 recognized software review sites.

n/a
4.5 (68)
4.71 (7)
n/a
n/a
4.7 (20)

Awards

SelectHub research analysts have evaluated beqom and concluded it earns best-in-class honors for Compliances and Variable Compensation and Incentives Management. beqom stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Compliances Award
Variable Compensation and Incentives Management Award

SelectHub research analysts have evaluated COMPview and concluded it deserves the award for the Best Overall Compensation Management Software available today and earns best-in-class honors for Budgeting and Forecasting and Compliances. COMPview stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

Analysts' Pick Award
User Favorite Award
Budgeting and Forecasting Award
Compliances Award

Synopsis of User Ratings and Reviews

Streamlined processes: Beqom automates many compensation tasks, saving time and resources for both HR teams and employees.
Improved data and analytics: Beqom provides valuable insights to inform better compensation decisions and identify areas for improvement.
Increased transparency and fairness: Beqom fosters trust and understanding through clear communication and readily available compensation information for employees.
Boosted employee engagement: Beqom motivates employees with personalized rewards and recognition programs, leading to increased satisfaction and performance.
Reduced administrative costs: Beqom automates manual tasks and eliminates errors, resulting in significant cost savings for organizations.
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Streamlined Workflow: Users appreciate the ability to easily manage employee compensation, including salary planning, merit increases, and bonus payouts, all within a single platform. This eliminates the need for multiple spreadsheets or disparate systems, saving time and reducing the risk of errors.
Data-Driven Insights: COMPview provides users with robust reporting and analytics capabilities, enabling them to gain valuable insights into their compensation data. This information can be used to make informed decisions about salary adjustments, identify pay gaps, and ensure that compensation is aligned with market trends and company goals.
Compliance and Governance: The software helps organizations maintain compliance with relevant regulations and internal policies. It provides tools for tracking and managing employee compensation data, ensuring that all decisions are documented and auditable.
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Complex setup and learning curve: Implementing and customizing Beqom can be challenging due to its comprehensive features, requiring significant time and technical expertise.
Limited customization options for some modules: While Beqom offers extensive configuration options, certain modules may have limited customization capabilities, restricting its ability to perfectly match specific organizational needs.
Potentially high cost for smaller organizations: Beqom's pricing, especially for larger implementations with multiple features and users, can be prohibitive for smaller companies with limited budgets.
Limited customer support options: Some users report experiencing challenges accessing adequate customer support, particularly outside of business hours or with complex issues, hindering troubleshooting and resolution times.
Integration complexities with certain HR systems: While Beqom integrates with various HR systems, integrating with specific or older software solutions might require additional effort and technical expertise.
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Limited Functionality: Users have expressed frustration with the software's limitations in handling complex compensation structures and calculations, particularly for organizations with diverse employee roles and global operations.
Usability Challenges: The user interface has been criticized for being outdated and cumbersome, leading to a steep learning curve and decreased efficiency for HR professionals.
Integration Issues: Difficulties integrating COMPview with existing HR and payroll systems have been reported, resulting in data inconsistencies and manual data entry requirements.
Reporting Limitations: Users have noted a lack of flexibility and customization options in generating reports, hindering their ability to analyze compensation data effectively.
Customer Support: Some users have expressed dissatisfaction with the responsiveness and effectiveness of customer support, leading to delays in resolving technical issues and addressing user concerns.
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User reviews for beqom reveal a mixed bag of experiences. While many users praise its automation capabilities, advanced analytics, and ability to improve transparency and fairness in compensation processes, some find it complex to set up and navigate, and feel its customization options are limited for specific modules. Additionally, concerns are raised about its cost, particularly for smaller organizations, and the occasional difficulties accessing timely customer support. One user highlights the significant efficiency gains achieved by automating processes, stating, "Beqom has freed up so much of our time that we can now focus on more strategic initiatives." Another user commends its insightful data analysis, commenting, "The comprehensive reports and dashboards have helped us make data-driven decisions and optimize our compensation strategies." However, some users report experiencing initial challenges, with one user noting, "The implementation process was quite complex, and it took us longer than expected to get fully comfortable with the system." Comparison to similar products reveals beqom's strengths in its global capabilities and AI-powered recommendations. One user states, "Beqom easily manages our diverse compensation requirements across our international offices, making it a much better choice than competitors." Another user values the AI insights, highlighting, "The personalized recommendations for compensation decisions have been invaluable in attracting and retaining top talent." However, some users express concerns about the cost compared to other solutions, with one user commenting, "While beqom is a powerful tool, we found it less cost-effective than some alternative options for our smaller organization." Overall, beqom is a powerful compensation management platform with strong features and capabilities. However, its complexity and cost may pose challenges for certain users. Carefully considering the specific needs and resources of your organization is crucial before making an informed decision.

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COMPview has garnered positive feedback for its user-friendly interface and comprehensive compensation management features. Users appreciate the platform's intuitive design, which makes it easy to navigate and find the information they need. The software's ability to handle complex compensation structures, including base pay, bonuses, and equity, has also been praised. Additionally, users value the reporting and analytics capabilities, which provide insights into compensation trends and help ensure pay equity. However, some users have noted that COMPview can be slow at times, particularly when dealing with large datasets. Additionally, the software's customization options have been described as somewhat limited, which may be a concern for organizations with unique compensation needs. Compared to competitors like PayScale and Salary.com, COMPview offers a more robust set of features for managing employee compensation, but it may come at a higher cost. Overall, COMPview is well-suited for mid-sized to large organizations that require a comprehensive solution for managing employee compensation. Its user-friendly interface, robust features, and reporting capabilities make it a valuable tool for HR professionals and compensation analysts. However, organizations with limited budgets or highly specialized compensation needs may want to consider alternative solutions.

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