Navigant Credit Union Partners with beqom to Streamline Performance and Compensation Management

NYON, SWITZERLAND—beqom, a purpose-built compensation platform that helps organizations thrive by unlocking the full potential of their talent, announced that Navigant Credit Union of  Smithfield Rhode Island, USA, has chosen beqom’s platform to streamline and optimize its compensation and performance management processes. This partnership will enable Navigant Credit Union to align its employee performance with overall company goals and establish a performance-driven compensation strategy.

Navigant Credit Union, one of the most prominent financial institutions in Rhode Island, was seeking a platform that could manage its performance processes and compensation programs across the entire organization. With beqom, Navigant Credit Union will be able to cascade goals from leadership down to the team and individual levels, manage and track goal attainment, and align compensation decisions with individual, team, and company achievements.

"We were looking for a solution that would allow us to handle both our performance management and compensation programs in one system,” said Lori Jordan, Senior Vice President, Director of People & Talent Management. “The ability to base compensation on the attainment of performance goals will allow us to tie employee efforts directly to the success of the company, providing clarity and motivation for our workforce."

By implementing beqom’s platform, Navigant Credit Union will replace its current process of managing employee compensation across dozens of spreadsheets. beqom’s performance management features will also enable continuous performance feedback to employees, facilitate manager coaching, and use performance data to inform bonus and other compensation decisions based on goal achievement. The result will be a more efficient, streamlined process that supports employee engagement and organizational growth.

"We look forward to supporting Navigant Credit Union as they integrate performance management with compensation using our platform,” said Jane Anderson, Head of Business Development - Financial Services for beqom. "beqom’s comprehensive solution will enable them to base compensation decisions on clear, data-driven performance metrics, ensuring fair and transparent rewards that are aligned with corporate objectives."