Employee compensation is one of your largest investments, and making sure these dollars have an impact on the bottom line is essential. When integrated with the broader talent management strategy, compensation can engage employees, ignite better performance, improve execution, and ensure retention of top talent. With the SAP SuccessFactors Compensation solution, you can transform workforce compensation into a key component of your overall talent strategy. SAP SuccessFactors Compensation is a strategic compensation management solution that enables compensation professionals, business leaders, and managers to align compensation programs with business objectives and features a unique set of capabilities to help you model and manage competitive compensation programs and motivate your workforce.
SAP SuccessFactors Compensation
Intelligent budget and guideline modeling
Forecast and model base, bonus, and LTI plan designs to find the optimal balance between business strategy, competitive pay, and affordability. Allocate budgets in ways that support strategic goals and differentiate parts of the organization and employee performance levels. Optimize budgets with intelligent compensation modeling. Leverage suggested recommendations to more accurately and efficiently prioritize the allocation of compensation budgets across multiple competing attributes to determine the optimal compensation model.
Strategic compensation planning
Build and deliver strategic compensation programs that keep your employees engaged and productive while improving business performance. Drive consistent execution of compensation strategies across the organization with central oversight and guidance, and with the flexibility to optimize compensation programs for local markets. Instill a true pay-for-performance culture by tying employee performance with rewards and improve employee engagement by ensuring fair, objective compensation decisions with calibration tools.
Meaningful rewards and recognition
Boost employee productivity and show your employees you value their contributions. Recognize and reward employee achievements and outstanding performance when they occur, and keep your employees motivated and engaged. Define award categories aligned with behaviors that you want to encourage across the organization, and specify different award levels in accordance with the level of effort of contribution.
Resources to explore
Baloise: Forming a unique employee culture with SAP SuccessFactors Solutions
Using SAP® SuccessFactors® solutions, Baloise created a corporate culture that builds trust, motivates top talents, and helps ensure the company has engaged successors for all its key roles and at every location.
SAP SuccessFactors Compensation overview
See how SAP SuccessFactors Compensation solution transforms workforce compensation into a strategic component of your overall talent strategy.
Attract a new generation of employees with SAP SuccessFactors solutions
See how Pedernales Electric Cooperative is accelerating hiring of key talent and managing talent more effectively with SAP SuccessFactors solutions.