Employee compensation is one of your largest investments, and making sure these dollars have an impact on the bottom line is essential. When integrated with the broader talent management strategy, compensation can engage employees, ignite better performance, improve execution, and ensure retention of top talent. With the SAP SuccessFactors Compensation solution, you can transform workforce compensation into a key component of your overall talent strategy. SAP SuccessFactors Compensation is a strategic compensation management solution that enables compensation professionals, business leaders, and managers to align compensation programs with business objectives and features a unique set of capabilities to help you model and manage competitive compensation programs and motivate your workforce.
SAP SuccessFactors Compensation
Adapt compensation programs based on evolving business needs and strategic goals
Forecast and model base, bonus, and LTI plan designs to find the optimal balance between business strategy, competitive pay, and affordability. Allocate budgets in ways that support strategic goals and differentiate parts of the organization and employee performance levels.
Effectively manage global compensation budgets with precision
Drive consistent execution of compensation strategies across the organization with central oversight and guidance and the flexibility to optimize compensation programs for local markets. Create rewards packages that incentivize employees with bonus programs based on business, team, and individual performance goals. Reduce risk and help ensure compliance with configurable workflows, approval rules and validation checks, Instill a true pay-for-performance culture by tying employee performance with rewards and improve employee engagement by ensuring fair, objective compensation decisions with Calibration.
Reward employees for their contributions and motivate them to perform at their best
Communicate the full value of rewards packages to employees with configurable personal compensation statements, and inform employees of bonus plan eligibility and potential bonus plan payouts awarded for meeting specific targets. Recognize and reward employee contributions and outstanding performance when they occur and keep your employees motivated and engaged with rewards and recognition.
Resources to explore
Loud in the Cloud: SAP SuccessFactors Compensation
Learn how today’s leading organizations are using SAP SuccessFactors Compensation to more effectively attract and retain top talent and keep employees engaged and productive while improving business results.
SAP SuccessFactors Compensation overview
SAP SuccessFactors Compensation enables compensation professionals, business leaders and managers to better align compensation programs with business objectives. See how SAP SuccessFactors Compensation solution transforms workforce compensation into a strategic component of your overall talent strategy.
Attract a new generation of employees with SAP SuccessFactors solutions
See how Pedernales Electric Cooperative is accelerating hiring of key talent and managing talent more effectively with SAP SuccessFactors solutions.