Based on the content in this section, please review the list of implementation decisions your company may need to make before implementation begins and discuss them with your stakeholders, project team, and SAP SuccessFactors implementation consultants. In this way, you will be better prepared to begin the implementation.
- Does your company need an end-to-end solution for bonus planning and payout process?
- Is there a need for multi-currency support?
- Your Compensation department may be small relative to the overall organization, and compensation analysts and managers are typically taxed with numerous high-level projects that prevent them from fully comprehending what they expect to learn during implementation.
- How will employees' eligibility be determined?
- How would you like the final payout to be calculated? Would sections be added together, or will Individual/Team Performance be treated as a multiplier?
- What is the approval process?
- Will you use budgets for the Individual or Team sections?
- Is there a bonus cap?
- Where would the Individual and Team performance ratings come from?
- Can people be eligible for more than one plan during the year?
- Are terminated employees (i.e., inactive) eligible to receive bonus payments?
- Do you prorate bonuses? If so, based on what? (i.e., hire date, movement between plans, promotion date, or target % change)
- Do managers have the authority/discretion to change payouts?