In nearly all companies, employee salaries are major cost items. In addition, the compensation process is often challenging for human resource development or HR controlling.
Using SuccessFactors Compensation Management and Variable Pay you ensure that these expenses optimally affect your company.
Via an intuitive user interface, you control your employees‘ base salary and all variable salary components in Compensation Management and, with Variable Pay, you can implement various compensation packages such as bonus payments or share packages. You can automatically calculate base salary increases depending on various factors such as performance evaluation, awards, rank or pay grade, and release these on a workflow-related basis. Even global compensation programs can be simply implemented with Compensation Management and Variable Pay.
Pay your employees according to their performance, thus motivating everyone to perform at their highest level. SuccessFactors Compensation Management and Variable Pay offers the fully automatic integration of the achievement of targets in Performance & Goals and, with the help of various evaluations, visual presentations and comparisons, you can make decisions on variable salary components objectively and based on facts.
Ongoing bonus models can be adapted to company success facilitating accessible bonus reports for your managers and employees. That way calculations get easier for everyone involved.
Gain transparency and control over costs and ensure that the compensation budget is met, thanks to integrated checks.
Via standardized interfaces this data can be automatically integrated into your payroll accounting system (SAP HCM Payroll, SuccessFactors Employee Central Payroll) or the accounting systems of other providers.
If you are interested, please contact us for more information.