SuccessFactors Compensation Module-V1

Description

SuccessFactors is a cloud-based human resource management system (HRMS) developed by SAP. The platform offers various modules to support different HR functions, and one of those modules is the Compensation module.

The Compensation module in SuccessFactors is designed to help organizations manage their employee compensation and reward programs. Here are some key features and functionalities typically associated with the SuccessFactors Compensation module:

Compensation course content discussed in the training

1. Compensation management Introduction

2. Comp-Ratio , Range Penetration and salary (Proration Calculation)

3. Setup Provisioning for compensation

4. Enabling and Navigating compensation administration

5. Assigning route maps to compensation template

6. Employee data export

7. Compensation data uploading option

8. Currency conversion table

9. Salary ranges Job code and pay grade Mapping

10. Clone compensation plan

11. Plan setup – basic setting

12. Plan setup – Advance setting

13. Design worksheet – standard and custom column

14. Design worksheet – Formulas and custom column

15. Lookup table with custom business scenario

16. Plan Instruction

17. Define compensation period data

18. Budget Rule

19. Eligibility Rules

20. Guidelines

21. Rating source

22. Define Planners

23. Create compensation worksheet

24. Manage compensation worksheet

25. Complete compensation cycle

26. Create compensation statement

27. Compensation statement generation

28. Recall compensation statement

29. Modify compensation statement settings

30. Preview compensation statement

31. Generate revised compensation statement file.

What You Will Learn!

• SAP SuccessFactors Compensation can help you build and manage strategic compensation programmes that align with the needs of your employees, your business, and
• Compensation Planning focuses on how a company allocates salary, bonus, stocks and one time lump sum disbursements.
• Employee Central captures information about a company's organization, pay, job structure and employees.
• Compensation can be implemented as a standalone module in SuccessFactors.

Who Should Attend!

• Benefit for SuccessFactors Beginners and Intermediate

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