SAP SuccessFactors Compensation
Effective People can help you quickly and easily implement a powerful pay-for-performance strategy.
The SAP SuccessFactors Compensation module helps you build and manage strategic compensation programs that align with the needs of your employees, your business, and your budget. Compensation deals with a fixed salary paid to employees, typically known as the annual salary review, and simple one-time lump sums.
Compensation is also used for long-term incentives. This includes stocks, options, and RSUs (Restricted Stock Units). Unlike personal productivity tools or other solutions that simply automate and streamline compensation planning, SAP SuccessFactors Compensation focuses on delivering meaningful rewards experiences that are personalized, relevant, frequent, and timely for your employees across the globe.
SAP SuccessFactors Variable Pay
Variable Pay deals with variable pay bonus programs, typically known as a corporate bonus program or short-term incentive (STI). By rewarding individual, team, and business goal achievement, you’ll retain top talent and drive organizational performance. Plus, you’ll enjoy clearer visibility into individual employee performance when it comes time to make critical compensation planning decisions.
Design a compensation strategy with objective data and communicate it company-wide, showing a clear link between performance expectations and compensation.
Manage your compensation in a secure environment with streamlined workflows where your data is determined via calculation and eligibility engines. This eliminates privacy breaches and human error.
Prepare your end-of-year bonus statements early thanks to easy self-service access.
Retain more of your top talent by rewarding great execution and letting them feel valued, appreciated, and consequently more likely to stay in your organization. You’ll also gain a better overview of individual employee performance when it comes to making critical compensation planning decisions.
Optimize your budget by running “what-if” scenarios to instantly see how increasing merit pay to your best employees will impact your budget. The easy-to-use automated system will save compensation managers time and money. With audit compliance data stored automatically, you’ll experience a significantly reduced risk of loss, eliminating this burden for compensation administrators.
Find out more
Effective People helps companies establish powerful, engaging bonus calculation processes, supported by user-friendly solutions. Talk to us today to get help implementing SAP SuccessFactor’s compensation planning module.