Salary.com vs beqom

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Our analysts compared Salary.com vs beqom 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.

Salary.com Software Tool

Product Basics

Salary.com is a compensation suite. It helps companies manage compensation expenditures using real-time analytics. Provides a reliable record of employee pay levels, best practices, trends and policies related to compensation processes.

Experienced teams help businesses understand the industry to suit business needs. Integrated with actionable content, it helps users make better decisions about payments, recruiting and retaining top talent.
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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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$20/User
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Product Assistance

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Product Insights

  • Make Better Decisions: Get detailed data insights and make pay decisions with confidence. Quickly and accurately price jobs while analyzing compensation pay practices. Explore new intersections between market, company and employee data using enhanced data integrations. Access important information using powerful tools and streamlined workflows.  
  • Maintain Salary Structures: Accurately reflect and manage pay practices across job families, departments or divisions. Visualize proposed structure changes using flexible modeling tools. 
  • Streamline Communications: Communicate critical pay data to managers and business leaders with presentation-ready reports. Ensure accurate pay conversations. 
  • Build Global Compensation Programs: Use HR-reported, high-quality data validated by experts to build and support global compensation programs. 
  • Leverage Comprehensive Databases: Instantly find minimum wage data for tipped and non-tipped employees across the US. Assess planned changes in minimum wage based on future dates. Identify how company size, location or industry affects minimum wages across the US. 
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  • 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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  • Customization: Customize it to accommodate unique business processes. Create new fields, objects and workflows and assign review tasks to attain streamlined processes. 
  • Automation: Automate workflows by setting triggers and alerts that notify the right people to take action when needed. Maintain compliances per state mandates and federal regulations using built-in compliance features. Automate identification and flagging of unauthorized access and behavior. 
  • Global Access: Leverage location profiles, an automated currency converter tool and multiple language options to maintain and configure compensation globally. 
  • Data Management: Arrange and manage compensation data by creating compensation hierarchies and providing managers with relevant team information. Import, export and access compensation data within the system. 
  • Mobile Accessibility: Access it on mobile devices, receive reports and alerts, and create compensation rewards, packages and allowance plans with specific components and notifications. 
  • Compensation Structuring: Plan and structure compensation pools and hierarchies, including fixed and variable amounts. 
  • Integration: Integrate APIs and specify how the software interacts with other solutions. 
  • Progress Reports: Create compiled and detailed reports of compensation data using trends and graphics from analytics dashboards. Use analytical tools to track important business metrics and progress. 
  • Collaborative Dashboard: Use the centralized dashboard to interact and collaborate with other users. 
  • Data Sharing: Distribute and share content across job boards, social media, and websites. 
  • CompAnalyst: Leverage CompAnalyst to create, edit and model salary structures. Create new structures based on market data or an existing library structure. 
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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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Product Ranking

#15

among all
Compensation Management Software

#26

among all
Compensation Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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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 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 231 reviews
Excellent User Sentiment 7 reviews
88%
of users recommend this product

Salary.com has a 'great' User Satisfaction Rating of 88% when considering 231 user reviews from 3 recognized software review sites.

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.

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Awards

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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

Synopsis of User Ratings and Reviews

Customer Support: About 90% of the reviews about support said the vendor provides friendly, responsive and helpful customer support.
Customizable Dashboards: Approximately 88% of reviewers said it is easy to customize dashboards, visuals and widgets as per their requirements.
Reliable Data Insights: Nearly all reviewers agreed that its analysis and data collecting tools are highly reliable and relevant. Reviewers reported that numerous outside surveys could also be uploaded into the tool for accurate executive compensation market pricing.
Functionality: About 63% of reviewers said the system contains useful and customizable features such as minimum wage tool, relo wizard, hot jobs, geo differentials, matched jobs and more to streamline the salary distribution process.
Collaboration: Almost all reviewers that mentioned collaboration said teams could collaborate on benchmarking roles and finding accurate job matches through effective data sharing.
Reporting and Analysis: According to 80% of reviewers, reports are easy to generate and provide updated market data.
Knowledge and Training: As per 63% of reviewers, the system has a big learning curve. However, the vendor provides sufficient training guides and customer support.
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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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Implementation: Most reviewers said that implementation is confusing, complex and requires sufficient training before users can leverage all features.
Speed: According to most reviewers who mentioned speed, the system can be slow with numerous bugs and errors.
Location-Based Data: Nearly 53% of reviewers believe the system dashboard could be improved by adding more location-specific features and compensation models.
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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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Is Salary.com worth its salt when it comes to compensation management? User reviews from the past year paint a mixed picture. Some users praise Salary.com for its comprehensive data and analytics, highlighting its ability to provide real-time insights into salary trends and benchmarks. For instance, users mention how the platform helps them understand industry standards and make informed decisions about employee compensation, ensuring their pay practices are competitive. However, other users express frustration with the platform's complexity and clunky interface, finding it difficult to navigate and utilize all its features effectively. This suggests that while Salary.com offers a robust set of tools, its user experience could be more intuitive, especially for those new to compensation management. A key differentiator for Salary.com, according to users, is its integration with expert services. This means businesses can access personalized guidance and support from compensation professionals, which can be invaluable for navigating complex pay structures and ensuring compliance. However, some users find the pricing for these additional services to be prohibitive, particularly for smaller businesses with limited budgets. Overall, Salary.com appears to be best suited for larger organizations with dedicated compensation teams who can fully leverage its comprehensive data and analytics capabilities. Smaller businesses may find its complexity and cost to be a barrier, potentially benefiting from a more streamlined and affordable solution.

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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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