What You Will Learn!
- SAP SuccessFactors Compensation can help you build and manage strategic compensation programmes that align with the needs of your employees, your business, and
- Compensation Planning focuses on how a company allocates salary, bonus, stocks and one time lump sum disbursements.
- Employee Central captures information about a company's organization, pay, job structure and employees.
- Compensation can be implemented as a standalone module in SuccessFactors.
Description
SuccessFactors is a cloud-based human resource management system (HRMS) developed by SAP. The platform offers various modules to support different HR functions, and one of those modules is the Compensation module.
The Compensation module in SuccessFactors is designed to help organizations manage their employee compensation and reward programs. Here are some key features and functionalities typically associated with the SuccessFactors Compensation module:
Compensation course content discussed in the training
1. Compensation management Introduction
2. Comp-Ratio , Range Penetration and salary (Proration Calculation)
3. Setup Provisioning for compensation
4. Enabling and Navigating compensation administration
5. Assigning route maps to compensation template
6. Employee data export
7. Compensation data uploading option
8. Currency conversion table
9. Salary ranges Job code and pay grade Mapping
10. Clone compensation plan
11. Plan setup – basic setting
12. Plan setup – Advance setting
13. Design worksheet – standard and custom column
14. Design worksheet – Formulas and custom column
15. Lookup table with custom business scenario
16. Plan Instruction
17. Define compensation period data
18. Budget Rule
19. Eligibility Rules
20. Guidelines
21. Rating source
22. Define Planners
23. Create compensation worksheet
24. Manage compensation worksheet
25. Complete compensation cycle
26. Create compensation statement
27. Compensation statement generation
28. Recall compensation statement
29. Modify compensation statement settings
30. Preview compensation statement
31. Generate revised compensation statement file.
Who Should Attend!
- Benefit for SuccessFactors Beginners and Intermediate