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    Course content

    About SAP SuccessFactors Compensation Management Training Program

  • Overview of SAP SuccessFactors Suite
  • Understanding the role of Compensation Management in HR
  • Key features and benefits of the Compensation module
  • The compensation lifecycle in an organization

  • Compensation types: salary, bonus, equity, and other rewards
  • Understanding compensation guidelines and budget management
  • Market pay alignment and pay-for-performance principles
  • Role-based compensation plans

  • Navigating the SuccessFactors Compensation module
  • Key components: worksheets, templates, and guidelines
  • Introduction to the Admin Center
  • User roles and permissions in Compensation Management

  • Creating and configuring compensation plan templates
  • Configuring salary, bonus, and stock plans
  • Customizing templates to meet organizational needs
  • Guidelines for building effective compensation plans

  • Configuring and managing compensation worksheets
  • Understanding data fields, columns, and calculations
  • Customizing worksheet views for managers
  • Approving and routing worksheets

  • Configuring and managing compensation budgets
  • Allocating budgets across departments and managers
  • Using guidelines to align budgets with company policies
  • Managing budget transfers and budget utilization

  • Defining compensation rules and guidelines for employees
  • Setting up pay ranges, minimums, maximums, and target rates
  • Managing prorations, increases, and lump-sum payments
  • Ensuring compliance with company compensation policies

  • Creating business rules for compensation approvals
  • Defining workflows for compensation decisions
  • Automating approval chains for salary, bonus, and stock
  • Configuring approval escalation procedures

  • Generating employee compensation statements
  • Customizing statement templates (salary, bonus, stock, etc.)
  • Communicating compensation decisions to employees
  • Automating the distribution of compensation statements

  • Overview of variable pay and bonus management
  • Configuring bonus eligibility rules and targets
  • Creating variable pay templates and guidelines
  • Calculating bonuses based on individual and company performance

  • Understanding equity and stock compensation types (RSUs, options, etc.)
  • Configuring stock plan templates
  • Allocating stock awards and managing vesting schedules
  • Reporting on equity compensation and tax implications

  • Standard reports on compensation activities
  • Creating custom compensation reports for HR and leadership
  • Using SAP SuccessFactors People Analytics for compensation insights
  • Key metrics and analytics for measuring compensation effectiveness

  • Understanding the principles of pay-for-performance
  • Configuring performance-based compensation strategies
  • Aligning compensation with performance management results
  • Linking performance ratings to salary and bonus adjustments

  • Managing compensation for a global workforce
  • Handling currency conversions and exchange rates
  • Configuring region-specific compensation plans and guidelines
  • Addressing compliance with local compensation laws and regulations

  • Setting up merit matrices based on performance ratings
  • Configuring eligibility criteria for merit pay adjustments
  • Managing merit increases during the annual compensation cycle
  • Communicating merit-based adjustments to employees

  • Addressing pay equity issues in compensation management
  • Configuring rules for fair and compliant pay practices
  • Monitoring gender pay gap and other equity metrics
  • Ensuring compliance with labor laws and compensation regulations
    • Why Should You Learn SAP SuccessFactors Compensation Management Training?

    The annual salary of an SAP SuccessFactors Compensation Management is $125k.

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