As retaining and attracting employees become critical, companies are shifting to a people-centric compensation approach and prioritising tools that have a meaningful impact on the employee journey touchpoints.
To further incentivise employees aligned to real-time performance data and feedback, the Swiss HR tech platform beqom has acquired the Irish continuous performance management platform Our Tandem. The acquisition will allow beqom to provide organisations with a holistic approach to the way they reward and recognise their people, and attract and retain top talent. This in turn will help companies to address and resolve pressing issues like pay equity and transparency.
The Swiss startup provides a cloud-based compensation management solution that unifies all compensation and rewards processes on a single platform, from salary and bonus to deferred incentives and sales commissions. beqom aims to enable companies to attract and retain talent, engage and motivate employees, control costs, streamline processes, and ensure fair and compliant pay.
Fabio Ronga, CEO of beqom said: “beqom’s vision has always been to help customers effectively leverage their talent to drive their business, so combining Our Tandem’s innovative continuous performance solution with our unique total rewards platform offers a true breakthrough in employee management.”
Aisling Teillard, CEO of Our Tandem added: “The combined power of these two startups will further transform how organisations manage and reward employees along their journey and build happier higher performing teams.”
The companies will continue to operate under their respective brands while placing focus on integrating and growing both the Our Tandem and beqom teams and accelerating the combined product roadmap.