Compensation & Variable Pay Blog Posts
Introduction EC is going live first and Compensation implementation is planned for the following year: how can EC be built in the best possible way for Compensation ? Recommendations Check on fields we recommend adding to EC without which we need to go through complex workarounds with custom MDF objects in Compensation implementations : …
Preparing EC for Compensation implementation success Read More »
Hi All, This is the continuation of the document SAP SuccessFactors Compensation Introduction & Overview Thanks for all for you comments and feedback for my first post https://blogs.sap.com/2023/08/24/sap-successfactors-compensation-introduction-overview-part-1/ I’m introducing About in Part 2 The Components introduction Employee Specific Data (UDF) Plan Specific Data(Currency Conversion / Pay Matrix) Proration with types / options Benchmarks …
SAP SuccessFactors Compensation Introduction & Overview – Part 2 Read More »
Creating a New Compensation Statement Templates: Compensation Statements allow you to communicate the results of the Compensation Planning process to your employees and/or managers. There are different types of Statement templates – Personal Compensation Statement templates, Personal Variable pay Statement templates and Combined statement templates. As per the customer requirements you can use personal or …
Compensation & Variable pay: Customized Combined statement templates. Read More »
We do know about the option of integrating EC Salary Matrix with Compensation to generate Compa-Ratio. And then there is a possibility of a minor code change to make compensation module to calculate compa-ratio in a similar way as that of Employee Central for less than 1 FTE employees. But what happens when there is …
System behaviour between EC and Compensation Compa-Ratio Read More »
Hello Compensation Experts, Since this is my first blog, I merely wanted to check it out and see what you experts thought. By committing errors, I gain knowledge. Now, let’s continue with details related to this topic. Note – Screenshots are subject to change. Compensation Introduction A solution called SAP SuccessFactors Compensation was …
SAP SuccessFactors Compensation Introduction & Overview – Part 1 Read More »
Introduction In Compensation templates there is only one standard column called “pmRating” that can automatically retrieve a rating from Performance forms or Employee Profile or custom objects to use it in standard guideline tables. We can feed this one and only Rating column from different performance forms (in case there are different performance review …
Using several ratings from Performance forms in Compensation Read More »
Introduction Compensation Reviews are high-stakes so in this blog we look at important configuration items to double check to make sure the Compensation cycle runs as smoothly as possible, especially when it is a first cycle with a new template. Checklist for Compensation, Total Compensation and Variable Pay templates: Make sure Compensation worksheets are …
Compensation checklist before launching a new cycle Read More »
In this 20 minutes recording we cover everything there is to know about the rollup hierarchy in SuccessFactors Compensation. Key takeaways: Rollup hierarchy allows Comp Administrators to select only specific planners in a hierarchy (standard hierarchy or compensation-specific hierarchy) and add all employees in levels below them into their worksheet. It is supported for …
Understanding the rollup hierarchy method of planning Read More »
In this 15 minutes recording we explore the aggregate function of Variable Pay with the following business case : how to build data checks allowing HR and administrators to focus on employees with complex data situations before launching the annual bonus cycle. The aggregate function which is also demoed in this blog (#3) is key …
In this 10 minutes recording we look at how to publish back to Employee Central from Compensation (lumpsum or equity) or Variable Pay in a different currency than the employee’s local currency (either for all employees or for groups of employees) which we regularly get as requirement for Equity planning programs for specific group of …
How to publish back payouts in a different currency than the local currency Read More »