Budget accuracy, risk reduction and talents loyalty through Compensation Management
68% say that compensation is the most important factor in choosing and staying with an employer. Compensation is also the largest cost in doing business. Thus SuccessFactors Compensation provides a simple secure approach to compensation management to produce more accurate budget, reduce risk of data loss and data transfer, and better attract and retain top talents.
Intuitive, configurable and streamlined processes and workflow support multiple compensation components including base and variable salary, bonus, and equity awards.
SuccessFactors Compensation provides intuitive planning and instant insight into key compensation and performance metrics. Compensation, training, and employee data can be combined with other business data for total employee compensation analysis and insight.
Eliminate manager bias by removing manual calibration, to ensure objective, fact-based decisions around performance and compensation processes and provide visual comparisons of employees. Align performance and goals with compensation, build robust variable pay programs, and link rewards to employee and company performance.
Automated monitoring and built-in reports keep payouts in line with budgets and regulations. Automatically stored data insures data integrity, saves time, reduces risk, and improves audit compliance.
Intuitive, easy to use self-service administration easily accommodates regional and business unit differences with support for all currencies.
As an integrated part of SuccessFactors Suite, compensation forms can be provided in 34 languages. Auto-calculated increases incorporate company guidelines and multiple elements such as performance rating, job level, pay grade, range penetration, compa-ratio.