Explaining Total Compensation

Objectives

After completing this lesson, you will be able to:
  • Define Total Compensation.
  • Identify the key features of Total Compensation.

Total Compensation

Total Compensation enables Salary and Bonus planning to be completed in one worksheet. Previously, SAP SuccessFactors Compensation and Variable Pay modules were administered in separate templates, resulting in planners opening two different forms to enter their recommendations. With Total Compensation, administrators can manage both Compensation and Variable pay using a single template, and planners are provided with a holistic view of employees' total rewards in one form.

Total Compensation is relevant ONLY when companies:

  1. Have Variable Pay implemented
  2. When the Variable pay approval process is the same as the Compensation approval process
  3. When Compensation is NOT using Hierarchy-Based Approval
  4. When Variable Pay is NOT using Assignment-Based ratings
This screenshot shows an example of Total Compensation with salary and bonus planning in the same worksheet.

Note

You can skip this section if your company doesn’t satisfy the prerequisites stated above.

Key Features

  • Tools for SAP SuccessFactors Compensation and Variable Pay are combined to increase administrator efficiency.
  • Recommendations are completed in one form.
  • Fields from the Variable Pay tab can be cross-referenced in the Salary tab.
  • A planner can view an employee’s complete Variable Pay calculation without leaving the Salary tab.
  • A new Total Compensation template can be created using existing Compensation and Variable Pay plans as a baseline.
This screenshot shows the Plan Setup settings.

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