How Financial Services Can Master the Compensation Cycle & Control their Greatest Operating Expense


Financial services institutions have unique challenges in planning and executing their HR compensation processes. With costs related to compensation totaling between 70 and 90 percent of their operating expenses, financial firms need a technology solution that is capable of managing their complex requirements.

Core HR talent suites don’t support compensation management at the level of sophistication required and have proven to be too restrictive to cater to financial institutions’ highly individualized and requisite compensation processes. As a result, many aspects of the processes are handled through expensive workarounds, manual procedures, or compromises.

Most complex financial services compensation cycle processes can be mastered and made vastly more efficient, accurate, and secure while lowering risks and providing the transparency and process controls required for regulatory compliance.

In this session, we’ll demonstrate how beqom’s total compensation technology can help even the most complex financial enterprises lower costs, gain efficiencies, better execute compensation strategy, and deliver a competitive advantage in talent management. We’ll also explain how beqom works easily alongside your existing HRIS landscape.

In this demo, you’ll learn:

  • How beqom’s total compensation technology can help dramatically improve operational efficiency, lower costs, enable execution of business strategy, aid in attracting and retaining talent, and support regulatory compliance.
  • How the most complex financial enterprises get the digital compensation transformation right, without compromising on strategy.
  • How beqom works seamlessly alongside your existing HRIS landscape, finance, and sales production systems.
  • The realized cost benefits in implementing compensation technology.

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Access: 90-Day Access | On-Demand Event Code: TECHDEMO-20200323-PLAYBACK

Recorded Event

Please note: Prices are subject to change without notice. All sales are nonrefundable. Access to the live event is limited to the first 1000 participants, so be sure to log on up to 15 minutes prior to the event start time. The live event includes access to playback. Playback and the on-demand demo are available two business days following the live event, and you can access them for 60 days. If you order the on-demand demo after the live event, your 60-day access begins the day of order.

HRCI credits will only be granted for attending the live demo event. On-demand demos do not qualify for HRCI credit. You may receive a certificate of completion for watching an on-demand demo. Please contact Customer Experience Team at 877-951-9191 (United States and Canada) or +1 480-951-9191 (other countries) or email to request this certificate. You'll receive it in two to four weeks via email.


Ross Elmsly

Solutions Consultant | beqom

At beqom, Ross Elmsly works with HR and Compensation leaders at global organizations across retail, technology, financial services, and other industries. He has more than five years of experience working with the reward and compensation requirements of large enterprises, from HR analytics to optimization of reward programs and operations to the personalization of rewards. Prior to beqom, Ross worked at SAP in Singapore and the UK. He holds a Masters of Commerce with First Class Honors from the University of Auckland.

Vismay Gada

Head of North America and Global Financial Services | beqom

Vismay Gada works to implement beqom’s software to deliver maximum value throughout every step of the customer journey. Vismay joined beqom in 2018, bringing 15 years of experience in the financial industry, most recently at First Republic Bank where he was the Head of Compensation.

Prior, he worked in multiple roles supporting compensation strategy, executive compensation, operations and systems, as a Director at Credit Suisse, and also in management consulting and audit positions. He brings solid compensation domain expertise in financial services and beyond with a key focus on transformation strategy, compensation design and execution, and process re-engineering.

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