SAP SuccessFactors Compensation is a sub-module in SAP SuccessFactors module which helps employers in taking the right decision for the compensation of every deserving employee. To get the best possible outcome from employees, merging the performance with the compensation through SAP SuccessFactors Compensation increases the productivity of the employee towards the organization.

Compensation is a component of SAP SuccessFactors that provides incentives to the employees based on performance. SAP SuccessFactors Compensation Management HCM tool provides analytical data reports of individual employees which is helps in managers to take effective decisions regarding Employees compensation & payment on the basis of their work & achievements.

Some of the key features in SAP SuccessFactors Compensation includes Base Pay and Incentives, Calibration for Compensation and Spot Awards. These 3 key features help employers as well as employees in getting the best result from the works delivered towards the organization. It helps in the Workforce Diversity, Employee Engagement, Organizational Culture and Employee Retention for the employers.

Enrolling for this course will help students, be it employees or employers for any organization to know the in’s and out’s of the employee’s compensation and how to upgrade their individual knowledge and understanding for the betterment of the organization.

The SAP SuccessFactors Compensation tool provides managers with relevant information for making compensation - planning decisions on salary, bonus, promotions, and stock adjustments according to individual, group, or company-wide guidelines. It is intuitive to use and highly configurable allowing an organization to tailor it to its own business processes.

Uplatz provides this SAP SuccessFactors Compensation Training that aims to help you get a high-level understanding of the concepts and capabilities of the software. The core functionality and features are explained so that your organization can work with a consultant in planning and implementing an effective configuration. This orientation is designed for major stakeholders within the organization who are responsible for making configuration and process decisions during the implementation of SAP SuccessFactors Compensation module.

This SAP SuccessFactors Compensation training uses the concepts and terminology associated with SuccessFactors Compensation functionality, and helps you develop a working knowledge of this functionality for use in implementing your compensation strategy. You will also gain basic skills in how to use SuccessFactors Compensation as an administrator, and will learn how to manage the basic tools for managing the compensation cycle in your organization.

Become an SAP SuccessFactors Compensation Consultant with complete mastery over SAP SF Compensation Management Solution.

After the successful completion of this course, students will be awarded a Certificate of Completion on SAP SuccessFactors Compensation course from Uplatz.

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Target Audience

·       SAP SuccessFactors Compensation / Variable Pay Consultants
·       SAP SuccessFactors Consultants and End Users
·       SAP HR and HCM Professionals
·       Payroll Analysts & Managers
·       SAP SuccessFactors EC Project Managers
·       Beginners aspiring for a career in SAP SuccessFactors
·       SAP SuccessFactors Analysts
·       Payroll Consultants and SAP Payroll Consultants
·       Personnel & Payroll Administrators
·       SAP SF Employee Central Payroll Specialists
·       SAP SF EC Payroll Consultants
·       Payroll & Benefits Manager
·       Payroll Executives & Supervisors

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Course Highlights

In SAP SuccessFactors Compensation training you will be able to learn entire concepts of employee compensation management on SAP SuccessFactors cloud business suite. This SAP SuccessFactors Compensation course is a complete deep dive into SAP SuccessFactors Compensation module.

This course will help you become a successful SAP SuccessFactors Compensation Consultant as well as to prepare for SAP SuccessFactors Compensation Certification exam.

Some of the key course highlights include:

1. Compensation Management Introduction and Compensation Mastery Prework
   
   2. Implementation process for Compensation Mastery
   
   3. Setup Provisioning for Compensation
   
   4. Compensation Admin Tools
   
   5. Compensation Data Integration with User Data File
   
   6. Compensation Plan Template Configuration
   
   7. Compensation Mastery Salary Sheet Management
   
   8. Work Sheet Designer and Column Designer
   
   9. Creation & Management of compensation work sheets
   
   10. Plan setting & compensation statements
   
   11. Creation & Management of compensation plan guidelines
   
   12. Implementation & Management of employees specific data
   
   13. Analysis of compensation reports etc.

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By the end of the course, you will be able to:

• Describe the SAP SuccessFactors Compensation solution, including functionality, components, and reports

• Describe the Compensation Planning process and each of its steps

• Explain the role of the Compensation Planner

• List tasks that are completed by Administrators

• Analyze configuration options for SAP SuccessFactors Compensation

• Identify appropriate terminology to communicate configuration requirements

• Identify key components of a customer needs assessment during project kickoff

• Create, download, archive, and update compensation plan templates and data with XML and Admin Center

• Configure salary sheet and stock sheet components within a compensation template

• Access help resources

• Identify key integration points between SAP SuccessFactors Compensation and Employee Central modules

• Configure Total Compensation plan by combining Compensation and Variable Pay configurations in one template

• Describe the Spot Awards feature and the basic processes, permissions and configuration of Spot Awards

• Competently use the Success Factors Compensation Admin tools to accurately configure and implement compensation planning according to your organization’s requirements

• Upload data for compensation plans, create and configure compensation plan templates

• Modify and manage reporting of compensation to planners and to employees

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1. Compensation Management introduction

2. Enabling and Navigating compensation administration cloning compensation plan

3. Release Management, Community Portal, Launchpad

4. Lookup Table, Currency Conversion, Export Data and Pay range

5. Manage Permission Roles and Group

6. Company Settings, Groups and Families

7. Route Map Creation and assigning in to Compensation plan

8. Currency Conversion and Other lookup tables using formulae

9. Basic settings (displays settings, EC Settings, Salary Proration, FBP)

10. Advanced Settings

11. Designing worksheet – Standard and custom fields

12. Budget

13. Eligibility rules

14. Guidelines

15. Rating Sources

16. Defining planners, creating and managing worksheets

17. Compensation statement creation

18. Publish Compensation data to EC

19. Reports and additional Topics

20. Review of Common issues

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Key topics covered in SAP SuccessFactors Compensation course include:

• Compensation management introduction

• Compensation mastery pre-work

• Setup provisioning for compensation

• Comp admin tools

• Data integration user data file

• Compensation plan template

• Compensation mastery salary sheet management

• Work sheet designer

• Column designer

• Setup look up tables

• Salary pay matrix

• Setup job code and pay grade mapping tables

• Compensation eligibility

• Compensation guidelines

• Multi-dimensional matrix for guidelines

• Compensation program budgets

• Budget rules

• Setup salary proration

• Executive review

• Multi-currency review

• Bonus sheet

• Bonus guidelines

• Bonus rules

• Stock options

• Rating sources

• Compensation reporting

• Compensation statement

• Admin maintenance

• Real time scenario trouble demonstrated

• EC integration

• Final exercise / case study
  
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