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SuccessFactors Compensation Module-V1

Name: SuccessFactors Compensation Module-V1
Rating: 4.1 (27 reviews)

SuccessFactors Compensation Pay Training

Created bySAP Trainings

Last updated 11/2023

English

What you'll learn

SAP SuccessFactors Compensation can help you build and manage strategic compensation programmes that align with the needs of your employees, your business, and
Compensation Planning focuses on how a company allocates salary, bonus, stocks and one time lump sum disbursements.
Employee Central captures information about a company's organization, pay, job structure and employees.
Compensation can be implemented as a standalone module in SuccessFactors.

Course content

1 section • 14 lectures • 12h 51m total length

SF Compensation Pay Module- Introduction- Part 151:43
Compensation course content discussed in the training below topics have been covered
1. Compensation management Introduction
2. Comp-Ratio , Range Penetration and salary (Proration Calculation)
3. Setup Provisioning for compensation
4. Enabling and Navigating compensation administration
5. Assigning route maps to compensation template
6. Employee data export
7. Compensation data uploading option
8. Currency conversion table
9. Salary ranges Job code and pay grade Mapping
10. Clone compensation plan
11. Plan setup – basic setting
12. Plan setup – Advance setting
13. Design worksheet – standard and custom column
14. Design worksheet – Formulas and custom column
15. Lookup table with custom business scenario
16. Plan Instruction
17. Define compensation period data
18. Budget Rule
19. Eligibility Rules
20. Guidelines
21. Rating source
22. Define Planners
23. Create compensation worksheet
24. Manage compensation worksheet
25. Complete compensation cycle
26. Create compensation statement
27. Compensation statement generation
28. Recall compensation statement
29. Modify compensation statement settings
30. Preview compensation statement
31. Generate revised compensation statement file.

In this video overview of the compensation pay module has discussed , provisioning setup , option setup , navigating to compensation page through global action search
discussed about role based permission setup for compensation module.
Discussed about user based permission
Discussed about action for all plan
SF Compensation Pay Module Overview-Part 1- Continuation44:20
Discussed about the compensation plan setup in action for all plan
Discussed planning permission setup
Discussed on Form Field setup
Employee central setting
Work Sheet settings
Publish setting
Discussed on Form Template
Create worksheet / Launch Worksheet
Email Notification templates for compensation
Filter options in Forms
SF Compensation Pay Module-Role Permission-Part 241:26
Discussed about manage permission group settings
Creating Roles for HR and Employees
Navigation from Admin center
Discussed about compensation templates
SF Compensation Pay Module Import export data -Part 343:45
Discussed about Import / export data
Discussed about Currency conversion tables
compensation and variable pay lookup tables
SF Compensation Pay Module-Salary Plan Range penetration and compo ratio-Part 41:06:52
Discussed about Salary Plan
Discussed about Range penetration and compo ratio
Discussed about view user personal statement
Discussed about Route map process
SF Compensation Pay Module- Group Assignments-Part 551:23
Discussed group Assignments
Discussed managed Families and groups
Discussed on budget for compensation plan
Discussed Manage company settings
SF Compensation Pay Module-Form template-Part 633:07
Discussed on different form templates.
Discussed about work sheet
Define planners
Discussed about comp plan/ comp statement/ Route Map/Publish data
Config Plan
Completing compensation cycle
SF Compensation Pay Module-Work Flow-Part 742:46
Discussed about Workflow
Dynamic role
Dynamic group
Discussed about business rules / Propagation
SF Compensation Pay Module-Route Map-Part-81:04:31
Discussed about Route map and their config attributes
Compensation Planning
HR review
Completed
SF Compensation Pay Module-Display setup-Part 91:01:51
Discussed about display setup in comp plan
Discussed about advance setup
Number format rules
Configuring Form Fields
SF Compensation Pay Module-Design worksheet-Part 101:11:09
Discussed about Design work sheet
Formulas loading for comp plan
SF Compensation Pay Module-Business Rules-Part 111:15:54
DIscussed about the Business rules for Comp Plan
DIscussed about the budget calculation
Discussed about eligibility setup
SF Compensation Pay Module-Currency Part 121:01:04
Discussed about currency
SF Compensation Pay Module-Compensation statement-Part 131:02:02
Discussed about compensation statement in details

Requirements

Knowledge of HR Processes or any beginner who wants to join this course can learn

Description

SuccessFactors is a cloud-based human resource management system (HRMS) developed by SAP. The platform offers various modules to support different HR functions, and one of those modules is the Compensation module.

The Compensation module in SuccessFactors is designed to help organizations manage their employee compensation and reward programs. Here are some key features and functionalities typically associated with the SuccessFactors Compensation module:

Compensation course content discussed in the training

1. Compensation management Introduction

2. Comp-Ratio , Range Penetration and salary (Proration Calculation)

3. Setup Provisioning for compensation

4. Enabling and Navigating compensation administration

5. Assigning route maps to compensation template

6. Employee data export

7. Compensation data uploading option

8. Currency conversion table

9. Salary ranges Job code and pay grade Mapping

10. Clone compensation plan

11. Plan setup – basic setting

12. Plan setup – Advance setting

13. Design worksheet – standard and custom column

14. Design worksheet – Formulas and custom column

15. Lookup table with custom business scenario

16. Plan Instruction

17. Define compensation period data

18. Budget Rule

19. Eligibility Rules

20. Guidelines

21. Rating source

22. Define Planners

23. Create compensation worksheet

24. Manage compensation worksheet

25. Complete compensation cycle

26. Create compensation statement

27. Compensation statement generation

28. Recall compensation statement

29. Modify compensation statement settings

30. Preview compensation statement

31. Generate revised compensation statement file.

Who this course is for:

Benefit for SuccessFactors Beginners and Intermediate