SAP Compensation Management is a module of SAP HCM On-Premise Suite that is currently being phased out. SAP Compensation Management allows you to plan and manage your compensation strategy, thus staying ahead of the competition when it comes to finding the best employees.
In combination with SAP Organizational Management, SAP Compensation Management allows you create budgets for your organizational units; those responsible can then make payments to employees.
Compensation Management allows you to analyze your compensation strategy and compare it with external benchmark data to make sure that you stay ahead of the competition.
In addition, Compensation Management allows you to manage employee participation and to assign dividends either manually or automatically.
Via the integration with HR Master Data, payments are directly transferred from an employee’s compensation plan and automatically taken into account by Payroll.
SAP Employee Self Services makes it possible for your employees to independently view their compensation plans. In addition, employees can choose possible participation options according to criteria defined by themselves.
SAP Compensation Management will no longer actively be further developed by SAP. With the Compensation Management and Variable Pay module, SAP offers an extensive solution from SuccessFactors, which is provided completely in the Cloud and can be integrated into your SAP HCM On-Premise or Cloud systems via standard interfaces.
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