Put your money where your productivity is
Creating the right compensation strategy for
every job is key to motivating and rewarding top
performance from employees. SuccessFactors
Compensation Planning gives managers the
structure and tools they need to effectively
evaluate, organize and implement an effective
and rational compensation structure in their
area of responsibility to improve organizational
Compensation Planning saves time and ensures
strict compliance with corporate compensation
guidelines. By clearly linking job performance
and salary, Compensation Planning can
significantly increase employee performance and
satisfaction. Combined with other SuccessFactors
modules, Compensation Planning helps seamlessly
integrate a complete pay-for-performance
solution, from goal management, performance
appraisal and development, to rewards.
Features and Benefits:
Performance Focused. Helps creates a true pay-for-performance culture by
providing a clear linkage between achievement
and compensation-including performance-based
recommendations for merit pay, bonuses, and
Simplified Management. Enables easy creation and management of compensation
groups to ensure accurate mapping of
compensation guidelines to different employee
Streamlines Performance Reviews.
Works seamlessly with other SuccessFactors
modules including Performance Reviews, including
employee live profiles, goal setting and
Merit pay. Automatically applies merit increases based on guideline calculations
such as job level, pay grade, performance
rating, comp-ratio, or range penetration.
Promotion pay. Allows managers to plan and recommend pay adjustments for promotions,
job changes and more.
Lump sum adjustments. Lets manager move an employee to another pay band using a
lump sum adjustment to salary.
Incentive Bonuses. Links individual, group, and company objective
achievements directly to bonus payout.
Stock awards. Provides stock or stock option awards according to any criteria
including broadband job level, overall
performance ratings and more.
Supports multiple currencies and global