Manage Compensation
Drive consistent execution of compensation strategies and oversight.
#programs
Align Employee Compensation with Your Business Strategy
- Forecast and model base, bonus, and LTI plan designs to find the optimal balance between business strategy, competitive pay, and affordability
- Allocate budgets in ways that support strategic goals and differentiate parts of the organization and employee performance levels
- Adapt compensation programs based on evolving business needs and strategic goals
#BudgetandPlanning
Enable Insight-Driven Compensation Planning
- Configure rewards packages that incentivize employees with bonus programs based on business, team, and individual performance goals
- Reduce risk with configurable workflows, approval rules, validation checks, and reports that increase process efficiency, improve budget accuracy, and help ensure compliance
- Gain visibility into budget utilization across your organization with roll-up reporting, and improve decision making with access to compensation metrics and relevant employee data
- Tie employee performance with rewards and use calibration to help ensure fair, objective compensation decisions that align performance and goal achievement with bonus payouts to instill a true pay-for-performance culture
#CompStatements
Clear Compensation Communication
- Communicate the full value of rewards packages to employees with customizable, total-rewards statements
- Inform employees of bonus plan eligibility and potential bonus plan payouts awarded for meeting specific targets
- Keep employees motivated throughout the year with spot awards that recognize key milestones and outstanding contributions when they occur
- Make goal attainment part of continuous performance management conversations with the SAP SuccessFactors Performance & Goals solution, so employees understand how their performance impacts the achievement of bonus targets
