In nearly all companies employee salaries are major cost items. Using SuccessFactors Compensation Management you ensure that these expenses optimally affect your company.
Compensation Management allows you to pay your employees according to their performance motivating everyone to give their best. Via an intuitive user interface, you manage your employees’ basic salary including all variable salary components and implement various payment variations such as bonuses and share packages.
Through an integrated testing device, the system ensures that you can view your costs at all times and comply with your compensation budget.
You can adapt employees’ payments to goal achievement in Performance & Goals and use various tools, visuals and comparisons to make objective and fact-based decisions about variable salary components.
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.
Basic salary raises can be automatically calculated and shared workflowbased in relation to various factors such as performance evaluation, awards, rank or wage group.
Via standardized interfaces this data can be automatically integrated into your payroll accounting system (SAP HCM Payroll, SAP SuccessFactors Employee Central Payroll) or the accounting systems of other providers.