Scenario: Creating a compensation plan
Compensation Plan Budget
The compensation worksheet is where a planner (usually the manager) works on their direct reports’ overall compensation payout. This includes, but is not limited to, merit, promotion, and adjustment. The worksheet can be configured to show the budget, guidelines, and also the eligibility information to assist planners in the recommendation.
Select Compensation on the Home dropdown menu. This opens up the My Forms page, from which you select the worksheet to view.
Worksheet Configuration Elements
The worksheet represents all the elements which are configured in the plan.
Planning Sheet tabs: Salary, Stock, Summary
Configured Budget calculation
Approval or Route Map steps
Currency Views enabled
Every configuration should be checked thoroughly against the worksheet to see if the behavior is as expected.
There are some elements in the worksheet that can be displayed according to the user’s preference.
Local number format – Planners can change their number format by going to the Options → Compensation Number Format menu.
- Show/ Hide columns – Planners can choose to show or hide columns or a group of columns while planning. They can also apply filters. This is a sticky feature which will be applied every time the same worksheet is opened.
The Salary Sheet
The Salary sheet is used to allocate salary increases for the planner’s group. The sheets are configurable but typical fields you see on a Salary sheet include:
Current and final salary information
Additional employee information can be viewed from the worksheet, if enabled:
Continuous Performance Management (see note below)
Promote link (if Employee Central is integrated)
Compensation Statement (from completed forms)
The Stock Sheet
The Stock sheet is used to allocate stock or equity for the planner’s group. The stock planning sheet does not support vesting and is used for planning and recommendation only. SAP SuccessFactors Compensation does not have a standard feature to keep track of stock vesting schedules. Typical fields you see on a Stock sheet include: