Compensation Home is SAP SuccessFactors Compensation and Variable Pay administration interface.
The Compensation Home page is organized into four main sections:
- Plans
- Set up a New Plan
- Data for All Plans
- Reporting
Plans
The left side menu lists all the active compensation and variable pay templates in your instance. The plan type (salary, variable pay, or stock) and the number of launched worksheets are also listed for quick reference. By selecting the plan name, you can access the specific details for this plan. You can expand or collapse the list of plan names to enlarge the working space on the right side. You will also see a copy icon on each plan, which will allow the administrators to clone the plan configuration.
Set up a New Plan
The options in this section allow you to create a compensation plan, variable pay, or total compensation plan template. Normally for administrators, variable pay plans are cloned to start a new process. Cloning allows bonus plans, business goals and weights, and bonus plan eligibility to be copied, administrators will then just modify the files as appropriate without starting from scratch. Leverage the AI-assisted writing tool to enhance the quality of the content when presented with text fields.
Data for All Plans
Within the Data for all Plans section you may select Actions for all plans to manage different data imports. Monitor jobs displays the job status of imports and whomever started the job. When a mass update job meets a prespecified criteria (500 worksheets/templates or more) the job is split up into sub jobs. The system doesn’t allow running concurrent jobs because it can result in a data loss.
Reporting
This section gives you access to the core reporting functionality of compensation. Variable pay validation reports is accessible from a different section of the admin interface. More details are in the Reporting lesson.
Select a plan template from list in order to drill down and display plan information. Across the top of the page, administrative tasks are categorized into the three major phases of managing a plan cycle.
- Plan Setup: Allows you to manage plan settings, such as selecting final payout equation, managing business goals, importing employee history and much more.
- Manage Worksheets: Allows you launch, manage, and update worksheets.
- Complete Compensation Cycle: Allows you to publish variable pay data and generate statements.
The Plan Status section displays plan information, such as whether the plan is published, the hierarchy type, number of planners and worksheets launched, and number of employees on the worksheet.
The Route Map Progress section displays information about the progression of the variable pay plan through the established workflow steps.
The Variable Pay Plan Information gives a snapshot of all data imports used in a bonus calculation.
Action for all plans is divided into five sections:
- Import/Export Data – Where user data file and other compensation table can be created and uploaded
- Manage Statement Templates – Where reward templates can be added
- Group Assignments – Allow admins to create employee groups for budgeting and guideline purposes
- Compensation Profile – Allow admins to create compensation historical period
- Company Settings – Additional settings which affects all templates
