SAP SuccessFactors Compensation is a system designed to standardize compensation planning for managers. Compensation professionals are assured that rewards are calculated correctly and fairly to help retain top performers.
It is a template-based salary and long-term incentive (stock) planning solution which provides the following benefits:
- Eliminate manager bias
- Increase insight with metrics
- Improve budget and regulatory compliance
- Assure data integrity
SAP SuccessFactors Compensation provides managers with relevant information for planning decisions on salary, promotions, equity, and stock adjustments according to individual, group, or company-wide guidelines. It is intuitive and highly configurable, allowing your organization to tailor it to your business processes.
The employee data in SAP SuccessFactors Compensation can come from an internal or external HRIS. Employee data are directly mapped to Compensation when Employee Central is used as HRIS. When using an external HRIS, employee data can be uploaded in CSV format manually, via an SFTP process, or an API. Your SAP SuccessFactors implementation consultant will either assist in mapping fields for EC-integrated customers or provide detailed integration specifications if using a flat file approach or other integration.
The SAP SuccessFactors Compensation tool can be used with Performance Management to link job performance with compensation awards effectively. Performance information can be made readily available to planners when making compensation decisions.
Automated merit increases can be implemented based on guideline calculations such as job level, pay grade, performance rating, compa-ratio, and range penetration. You can also automate lump sum disbursements and automatic rollovers of merit to lump sum if the salary range is exceeded.