beqom 2024 Year in Review: Growth, Innovation, and Community

Unparalleled growth and industry leadership

This year marked our most significant expansion yet. Boosted by the acquisition of PayAnalytics in 2023, in 2024 we nearly doubled our customer base and more than doubled our team. With new employees and an expanded skillset, beqom is better equipped than ever to support our customers with advanced compensation solutions and world-class service.

Highlights of our growth

• Customer base: More than doubled our number of customers
• Team expansion: More than doubled in staffing globally
• Pay equity growth: Increased to over 300 pay equity customers
• Commitment to innovation: Continued to drive advances in compensation technology by harnessing the latest developments in AI and analytics
• Impacting the global workforce: More than five million employees around the world can count on accurate, fair, and transparent pay thanks to beqom

A new standard in thought leadership: Compensation Leadership Summit

In September, we hosted our annual Compensation Leadership Summit in Nyon, Switzerland, where industry leaders and experts from global giants like PepsiCo, Microsoft, PUMA, DHL, WTW, and Mercer joined us to discuss the future of HR and compensation.

Key themes:

• The impact of pay transparency and AI on compensation strategy
• Best practices and strategies for pay equity and pay transparency
• Breakout sessions focused on navigating current HR challenges with a focus on data-driven, equitable solutions

The summit was a perfect blend of learning, networking, and inspiration, with sessions delving into compensation trends, AI's role in HR, and our vision for the future of rewards management. Attendees also had the opportunity to explore our beqom headquarters, rounding off a successful and memorable event.

Meeting the people

This year, our team represented us at live events across the globe, connecting with business leaders and practitioners to gain insights into their challenges and aspirations. Highlights included:

• February: Le Lab RH (Lausanne, Switzerland)
• March: WorldatWork Total Rewards Summit (Atlanta, USA)
• May: WAW Total Rewards '24 (Cincinnati, USA)
• June: HRcoreREWARD (Barcelona, Spain)
• September: HR Technology Conference & Expo (Las Vegas, USA);  WAW Total Rewards Summit (Denver, USA)
• October: Unleash World 2024 (Paris, France), SARA Conference 2024 (Johannesburg, South Africa), WAW Total Rewards Summit (Arlington/DC, USA)
• November: REBA Future Forum (London, UK)

Inspiring the community with ideas and expertise

In 2024 we had some of the world’s leading brains join our beqommunity webinar series about pay equity & pay transparency, women's leadership, and global compliance standards. And the best part is that these webinars are still available online!

Launching our new website: Reflecting Comp Complete

To better communicate our unique value, we launched a new website and branding this year. The refreshed site showcases beqom’s leadership in compensation technology since 2009, emphasizing our mission to deliver compensation and performance with flexibility, transparency, and completeness. It’s designed to help the market understand that beqom offers the most comprehensive solution in the compensation technology space, featuring our product pillars:

• Pay Management
• Pay Equity
• Pay Transparency
• Pay Intelligence

And these sit on our state-of-the-art scalable SaaS platform, built with the latest in AI technology to support enterprise-grade compensation management.

Advancing pay equity around the globe

In 2023, we joined forces with PayAnalytics, and the synergy has flourished throughout 2024. Together, we offer an advanced, plug-and-play pay equity solution that supports more than three hundred companies and millions of employees worldwide in meeting a growing array of compliance standards, promoting fairness, and enhancing their employer brands.

Key benefits of the beqom-PayAnalytics union:

• Unified platform combining best-in-class compensation and pay equity technology
• Increased value to our combined customer base
• A pay equity solution that’s gaining momentum in a critical time for workplace equality

Technology leadership: AI-driven pay intelligence

AI has become central to beqom’s mission of data-driven compensation. With beqom Pay Intelligence, companies can make smart, equitable pay decisions informed by real data—such as benchmarks, ranges, budgets, and pay equity goals.

Our advanced analytics and machine learning models empower companies to create data-backed pay models that foster both organizational fairness and strategic decision-making. With beqom, companies are not only staying compliant but also leading the charge in AI-driven compensation management.

Recognition and industry accolades

2024 was a year of major recognition for beqom and our leadership team. At the forefront, our CEO and co-founder Fabio Ronga was awarded the prestigious Scale Up Vaud 2024 Entrepreneur of the Year award, a recognition of his visionary leadership and unwavering commitment to innovation and pay equity in compensation management, and reminiscent of his earlier accolade as EY Entrepreneur of the Year in 2019.

Our company’s accomplishments were also celebrated on an international scale with several prestigious recognitions in 2024:

• Leading European Tech Scaleup: Recognized by France Digitale and Innovaud
• Constellation ShortList™ for Compensation Management
• Core Leader in the 2024 Fosway Group 9-Grid™ for Talent & People Success
• Best Use of Technology Award: DHL Group, one of our valued customers, won this accolade at the 2024 GEO Awards for their beqom-based Global Share Plans

2024 hot topics: Pay equity and transparency

As pay equity and transparency became a primary focus globally, we responded by expanding our resource library to support companies in navigating compliance and creating fair workplaces.

Popular resources:

We also presented Leading People, our new leadership video series where we talk to beqom executives and other industry leaders about their personal journeys and the future of HR, pay equity, and technology.

Local highlights and company culture

We wouldn’t be beqom without the incredible people who make it all possible. This year, our teams across the globe continued to show their commitment, camaraderie, and community spirit, with many memorable moments and traditions that bring us closer together.

Memorable moments from our global offices:

• Annual kickoff in Portugal: We all came together in a unifying event to kickstart the year in beautiful Lisbon, home to one of beqom’s newer international offices.
• Trophée de Marchissy: beqom sponsored, and employees ran in, this local race held in Marchissy, Switzerland, near our HQ and the hometown of our CEO, Fabio Ronga.
• Runmageddon: Team members in Krakow participated in this rugged obstacle course charity event twice this year, showcasing their team spirit and commitment to giving back.
• Poland Business Run: A team of five from our Krakow office took part in this annual charity race supporting people with disabilities and those recovering from mastectomy.
• And let’s not forget breakfast: At our headquarters in Nyon, monthly breakfasts have become a favorite tradition where people bring homemade cakes, biscuits, and of course, chocolates to share. In the New York office, it seems they generally bring bagels.