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Why you don’t need to compromise on your compensation strategy
The Vodafone Story
VODAFONE’sGlobal Reward System
November 2015
Challenges before implementation• Locally managed annual review
process• Local eligibility criteria• Different reward structures and
legal requirements• No global reward policy• Managed on various systems• Varying timelines• Local recognition plans• Data quality
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Solution• Workshops with all local markets• Defining global processes and
policies• Aligning ways of working• Tiered roll out approach• One source of data• One language• One global reward system built to
specific global requirements• Legally required localisations
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Successes Live in 23 local markets – 89,000
employeesGlobal Reward calendar - 15 working
days line manager processGlobally consistent line manager
experience for 13,000 managersGlobal policy alignmentGlobal salary increase guidelinesGlobal use of Reward StatementsHRBP reporting functionalityGlobal roll out of cash recognition
programme5
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beqom believes that happiness is the best driver for success
Because happy people leads to better performance
But happiness doesn’t come from paying your employees more money…It comes from understanding:
Why beqom?
the company directionhow they are rewarded and recognized for achieving these goals….and if it is fair
their individual goals and how they relate to the company direction
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c
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beqom’s total compensation platform provides this level of understanding to your employees
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beqom provides a Total Compensation solution focused exclusively on managing compensation & performance.
What We Do
for Human Resources• Salary Management• Bonus Management• Long Term Incentives• Bonus Deferral• Planning, Budgeting• Simulation and Reporting
• Sales Incentive Management• Sales Performance Management• Objective and Quota Management• Territory Management• Channel Management• Simulation and Reporting
for Sales Performance
beqom’s total compensation platform is used by over 100+ industry leaders to manage their HCM + SPM processes including:
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Improved performanceo Employees clearly understand their objectives, performance and compensation. Increased retentiono Employees have a clear picture of their total compensation package, how their performance
is linked to their compensation and if it is fairIncreased efficiencyo Processes centralization & automationo Fully integrated, real-time reporting ensures you always have a correct picture of all
compensation and performance elementsComplianceo Internal process compliance, transparency & auditabilityo External process compliance (CRD IV, SEC)
Resulting in
And…..Happy Employees
Thank You