Successfactors Compensation Module-V1

SuccessFactors Compensation Pay Training

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.

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 training1. Compensation management Introduction2. Comp-Ratio , Range Penetration and salary (Proration Calculation)3. Setup Provisioning for compensation4. Enabling and Navigating compensation administration5. Assigning route maps to compensation template6. Employee data export7. Compensation data uploading option8. Currency conversion table9. Salary ranges Job code and pay grade Mapping10. Clone compensation plan11. Plan setup – basic setting12. Plan setup – Advance setting13. Design worksheet – standard and custom column14. Design worksheet – Formulas and custom column15. Lookup table with custom business scenario16. Plan Instruction17. Define compensation period data18. Budget Rule19. Eligibility Rules20. Guidelines21. Rating source22. Define Planners23. Create compensation worksheet24. Manage compensation worksheet25. Complete compensation cycle26. Create compensation statement27. Compensation statement generation28. Recall compensation statement29. Modify compensation statement settings30. Preview compensation statement31. Generate revised compensation statement file.

Overview

Section 1: Introduction to Compensation Pay module

Lecture 1 SF Compensation Pay Module- Introduction- Part 1

Lecture 2 SF Compensation Pay Module Overview-Part 1- Continuation

Lecture 3 SF Compensation Pay Module-Role Permission-Part 2

Lecture 4 SF Compensation Pay Module Import export data -Part 3

Lecture 5 SF Compensation Pay Module-Salary Plan Range penetration and compo ratio-Part 4

Lecture 6 SF Compensation Pay Module- Group Assignments-Part 5

Lecture 7 SF Compensation Pay Module-Form template-Part 6

Lecture 8 SF Compensation Pay Module-Work Flow-Part 7

Lecture 9 SF Compensation Pay Module-Route Map-Part-8

Lecture 10 SF Compensation Pay Module-Display setup-Part 9

Lecture 11 SF Compensation Pay Module-Design worksheet-Part 10

Lecture 12 SF Compensation Pay Module-Business Rules-Part 11

Lecture 13 SF Compensation Pay Module-Currency Part 12

Lecture 14 SF Compensation Pay Module-Compensation statement-Part 13

Benefit for SuccessFactors Beginners and Intermediate