Emphasizing Business Value Drivers and Benefits of SAP Success Factors HCM

Objective

After completing this lesson, you will be able to explain how SAP SuccessFactors HCM provides an end-to-end solution to meet the business needs of the Chief Human Resource Officer (CHRO).

Value Drivers and Benefits of SAP SuccessFactors HCM

Delivering End-to-end Value for Human Capital Management. The five key areas are explained below.

Five Key Areas of Human Capital Management in SAP Business Suite

  1. Core HR, Time, and Payroll

    Core HR, time, and payroll solutions provide a central location for all employee data to help HR measure the contribution of the workforce to business results. These solutions offer organizational management, global benefits administration, time administration, and gross to net payroll processing.

  2. Talent Acquisition

    Talent management solutions help organizations source talent, track job applicants, and manage relationships – from candidate to new hire to employee. They provide the ability to access global job boards, build talent pools to find past applicants, and deliver personalized onboarding plans.

  3. Learning and Talent Management

    Learning and talent management solutions provide AI-assisted guidance for career growth, empowering both employees and managers to navigate career paths that align with personal aspirations and organizational goals. Employees can define their career goals and receive personalized AI recommendations for skills, roles, learning opportunities, and more, all based on their skills data.

  4. Workforce Analytics and Planning

    Workforce analytics and planning solutions help organizations improve business outcomes by using one source of people, skills, and business data to power actionable insights and proactive planning across the organization. Companies can improve decision making by quickly finding answers to key questions about their workforce profile and challenges.

  5. HR Compliance

    HR compliance solutions enable agile and compliant HR in an increasingly complex legal and regulatory landscape, with Core HR localized for 100+ countries and payroll localized for 50+ countries. Built-in legal and regulatory updates address 700+ changes that impact HR each year.

Let's summarize what you've learned: 

  • Core HR, time and payroll solutions provide a central location for employee data and includes organizational management and payroll processing.
  • Talent acquisition solutions help organizations source talent, track job applicants, and manage relationships.
  • Learning and talent management solution provide AI-assisted guidance for career growth and personalized recommendations for learning opportunities.
  • Workforce analytics and planning solutions help improve business outcomes by using data to power actionable insights and proactive planning.
  • HR compliance solutions ensure compliance with legal and regulatory requirements for HR functions.

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