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
Compensation Profile
Reward And Recognition
Modeling
Compensation Statements
Compensation Profile
- Simple dashboard like view of compensation at the employee level.
- Ability to make compensation planning decisions via Profile UI.
- Historical compensation planning decisions are captured in both graph and chart formats.
- Basic biographical data maintained for each employee, saving valuable worksheet real estate.
Reward And Recognition
- Simple recommendation and approval process for one time awards (typically outside of compensation planning period).
- Provide employees with an intuitive , easy to use awards solution for cash based, non monetary appreciation, & points based systems.
- Motivate employees with just in time recognition to drive engagement and retention.
- Provide timely feedback to employees on key accomplishments.
- Encourage behaviors aligned to core business values (tie award categories to desired behaviors).
Modeling
- Allows you to perform complex calculations and analyze how base salary and equity should be awarded to employees across locations, performance levels, position in range and so on.
- Eliminate the need for excel spreadsheets!
- Find the optimal balance between business strategy, competitive pay, and affordability.
- Simple push to live feature once ideal model created.
- Intuitive recommendations to help remain within financial constraints.
Compensation Statements
- Multifunctional communication tool to employees regarding their compensation.
- Standard and customer statements can be created based on compensation planning decisions.
- Employee local currency format allows for personalize statements.
- Incorporation of conditional text sections further differentiate use groups.
- Bulk print options for managers and admins for quick print or e mail.
- Statements can be built for single or multiple Comp/Variable Pay programs
Executive Review
Filed Based Permissions
Integration with Ratings
Integration with Employee Central
Executive Review
- Provides the oversight and visibility of larger populations of employees with combined budgets/spends.
- Includes tools to better manage planning for larger groups, including flags for exceptions, advanced filtering, import/export ability.
- New Mass Action feature only available via Executive Review.
Filed Based Permissions
- Ability to hide and restrict editing of compensation and variable pay column data.
- Permission groups unique to Compensation, not necessarily tied to suite wide Role Based Permissions.
- Permissions respected downstream in Executive Review, Ad Hoc, and ORD.
Integration with Ratings
- Performance measures are still most common assessment tool used to assign compensation values (base, bonus, equity, etc.).
- Ratings from Performance Management module can be directly connected to compensation worksheets.
- Direct hyperlink from Compensation worksheet to Performance Management form for easy review and reference.
- Dynamic changes score” are updated in Compensation worksheet. Ratings can also come from UDF import or Employee Profile.
- Guidelines can be developed to create recommended/acceptable ranges and defaults for decision making purpose
Integration with Employee Central
- Largest value in efficiency and accuracy realized with integration between EC and Comp/Variable Pay.
- Salary Ranges, Job structure, Currency conversion, and employee job/comp information can be integrated avoid duplication of data.
- Eliminate the use of UDF/EDF file imports.
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
Days
1
You could get up an running in 50 days with Rapid Deployment Solution
Lower TCO
1
%
Runs in the Cloud, withup to 3 times lower total cost of ownership (TCO) than on-premise core HR solutions
Countries
1
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
Experince the Demo
An executive software demonstration to help you experience key functionality and value
Build a Business Case
We help you build a business case based on proof points that resonates across functions (CXO)
Readiness Check
Learn the technical requirements and actions for a system conversion or new implementation
Contact Us
3Core Systems is an SAP Silver Partner Providing System Integration, Consulting and Support Services. For Immediate help, please call (630) 748-8800
