Compensation
With SAP SuccessFactors Compensation solution, 3Core Systems could transforms workforce compensation into a key component of your overall talent strategy. This strategic compensation management solution, enable compensation professionals, business leaders, and managers to align compensation programs with business objectives.
Solution
Overview
Key Solution Features
The Compensation Profile provides a dashboard-style view of employee-level compensation, supporting planning decisions directly within the Profile UI. It captures historical compensation data in charts and graphs while maintaining essential biographical information for efficient planning and analysis.
Spot Awards enables a simple, intuitive process for recommending and approving one-time employee awards, including cash, non-monetary, or points-based recognition. It drives engagement, retention, and timely feedback while encouraging behaviors aligned with core business values.
Compensation Modeling enables complex calculations to determine optimal base salary and equity awards across locations, performance levels, and job ranges, eliminating reliance on spreadsheets. It provides intuitive recommendations, balances business strategy with affordability, and allows seamless push-to-live once the ideal model is created.
Compensation Statements provide a multifunctional tool to communicate employee compensation clearly, supporting personalized, localized statements with conditional text for different employee groups. They allow bulk printing or emailing and can cover single or multiple compensation and variable pay programs.
Executive Review offers oversight and visibility over large employee populations and combined compensation budgets. It provides advanced planning tools such as exception flags, filtering, import/export capabilities, and mass action functionality for efficient decision-making.
Compensation Permissions allow organizations to restrict visibility and editing of compensation and variable pay data at the column level. These role-specific permissions operate independently of suite-wide roles and are enforced across Executive Review, Ad Hoc reporting, and ORD.
Performance Integration links employee performance ratings directly to compensation planning, enabling informed decisions on base salary, bonuses, and equity. It allows dynamic updates, easy access to performance forms, and the use of guidelines or imported data to recommend acceptable compensation ranges.
EC Integration with Compensation and Variable Pay maximizes efficiency and accuracy by synchronizing salary ranges, job structures, currency conversions, and employee job/comp data. This seamless integration eliminates duplicate data entry and the need for manual UDF/EDF file imports.
Case Study: Full Suite SAP SuccessFactors Implementation
Learn how Thales Defense and Security Inc. (TDSI) transformed its HR and Talent operations with an end-to-end SAP SuccessFactors Full Suite Implementation digitizing Core HR, Payroll, Talent and Analytics into a single integrated platform
Compensation Best Practices Scope
With the use of Rapid Deployment Solution (RDS)preconfigured content, 3Core Systems can accelerate the implementation and get you optimal time to value of your Talent Management processes in the cloud. Scroll down to learn more about Business Scope and Best Practices
Salary and Stock
- Salary planning: Merit, Adjustment, Promotion etc
- Long-term incentive granting: Stock, RSU, etc
- Pre-configured plan template(s)
- Review and approval workflow
- View combined statement
Variable Pay
- Calculate bonus payout
- Short-term incentives planning with adjustable bonus
- Bonus calculation equation
- Review and approval workflow
- View combined statement
Total Compensation & Reward
- Manage salary reviews and short-term incentives in a combined planning process.
- Review and approval workflow
- Total compensation statement
- Nominate Employee for Spot Award
- Process Spot Award Nomination
You could get up an running in 50 days with Rapid Deployment Solution
Runs in the Cloud, withup to 3 times lower total cost of ownership (TCO) than on-premise core HR solutions
73 countries have Core HR localized by SAP SuccessFactors
To Learn More About SAP Best Practices
Including but not limited to Key Components, Approach, and Benefits
Next Steps
Understand your business HR Objectives and align SAP Solutions to turn challenges into outcomes
Build and demonstrate a quantitative fact-based business case using value drivers and benchmarks delivered by SAP SuccessFactors
High level end-to-end business process design will be validated against SAP SuccessFactors solutions to define to-be architecture
Confirm desired business outcomes, define solution scope and create deployment plan aligned to business and IT strategy
Related FAQ's
SAP SuccessFactors Onboarding FAQ
What is Crossboarding? SAP SuccessFactors Crossboarding is simply Onboarding for internal transfers. All the features and functionality...
Role Based Permissions (RBP) FAQ
What’s the advantage to enabling the Refresh Framework? The refresh framework can automatically adjust between...
Contact Us
3Core Systems is an SAP Silver Partner Providing System Integration, Consulting and Support Services. For Immediate help, please call (630) 748-8800
