Compensation Management: Retain your top talent and produce clear, accurate budgets.
Employee compensation is a huge expense â€" the largest for many companies. With SuccessFactors Compensation, you can allocate these funds effectively to retain your top performers and avoid overpaying underachievers. Beyond rewarding great performance, you can also optimize budgets, improve compliance, and reduce manual errors â€" all leading to better business execution and results.
- Manage compensation easily: Intuitive, configurable processes for base and variable pay have simple, accurate, streamlined workflows.
- Eliminate manager bias: Performance-based calibration across the company improves fairness and retention.
- Increase insight with metrics: Dashboards and reports can be combined with other business data for total employee compensation analysis.
- Improve budget and regulatory compliance: Automated monitoring and built-in reports keep payouts in line with budgets and regulations.
- Assure data integrity: Automatically stored data saves time, reduces risk, and improves audit compliance.