An Enterprise compensation Management Strategy

An enterprise compensation management strategy is very crucial for dealing with the rapidly changing business environment and also for making the most of human resources in the best – and also the worst – of economic times. The SAP Sucessfactors ERP Human Capital Management (SAP ERP HCM) solution provides a thorough and complete solution for all enterprise compensation management, budget handling, long-term incentives, compensation administration, reporting and job pricing.

As Enterprise Compensation Management is a very new module and it is very different from that of the old Compensation Management, a complete new implementation is always recommended. This can be skillfully done by standardizing processes as far as it is possible to do, based on inputs and current configuration from all the departments in the Company.

The following of the functionalities are available in ECM

Compensation:

• The Compensation Plan Structure

• Compensation Planning for Front-End User Processes

• Compensation Statement

• Reporting Functionalities

• The Back-End Flow of the Compensation Process                  

• Long-Term Incentives

• Compensation Administration

Benefits:

• Strategic personnel management and support for your full enterprise strategy

• Business Intelligence reports and ad hoc query functionalities

• Flexible customizing to meet your business specific needs.

• Broad, real-time and reliable information exchange and availability for decision making

• Improved productivity through user-centric applications that ensure HR professionals and

• managers have  all the right tools with an easy-to-use interface

The Importance of Workforce Analytics

Did you know that, all the data you've been collecting also has a secret life? And once this is revealed, it can provide the information which you need, to make better& more strategic business decisions. A strong analytics tool is one of the major key to see your present data's value.

Workforce Analytics is one of the easy ways to start organizational performance tracking. On-demand dashboards &Data transformation plus hundreds of performance indicators are some of the features which may help you to measure and analyze workforce performance and eliminate any surprises. Data exploration and visualization enables users to easily create dashboards which have a variety of interactive graphs and charts, like geographic maps, scatter plots, as well as built in filters and progressive disclosure.

An automated workforce analytics tool uses your present data to provide continuous visibility into labor costs and track key performance indicators that which would impact your productivity and labor costs. This is basically a combination of methodology and software which applies statistical models to worker-related data, finally allowing enterprise leaders to have an optimized successfactors HRM (human resource management).

Workforce analytics would help business leaders to improve and develop recruiting methods, which would make general and specific hiring decisions, and keep the best workers with the company. In addition, workforce analytics also help management personnel to:

• Identify the need for new departments and positions
• Assign and delegate responsibility for tasks and goals
• Determine which departments or positions can be reassigned or eliminated
• Analyze and predict current and future technological needs
• Identify and quantify factors that influence employee job satisfaction
• Predict the probability of an individual employee's success
• Help the enterprise to identify, encourage, and cultivate its future leaders
• Identify and quantify physical risks to employees in specific positions
• Optimize the enterprise's organizational structure

Job Profile Builder - At a Glance

The Job Profile Builder is a platform which is featured in the SAP SuccessFactors HCM suite that provides an instinctive and flexible way to identify all the elements of a job and also share them with your users. It is meant to be a substitution for the legacy Job Description Manager so that a user may use this tool to control changes and update the job profiles. The use of Job Profile Builder (JPB) also invalidates the need for the legacy Families & Roles because JPB provides more compact features that allows customer to build a complete job profile with multiple types of content and elements.

Job Profile Builder can be accessed from various parts of the SAP SuccessFactors HCM suite. JPB also uses the Roles and Families construct. In addition, there are some modules, such as Career, and Recruiting Development Planning, Employee Profile and Succession that are more tightly integrated with JPB and are used more.

One major decision that needs to be made for the implementation of SAP SuccessFactors, is whether to use the legacy Family and Roles or Job Profile Builder.

There are many pros and cons on the use of both of these components.  Thus the decision will vary for each client, but generally legacy Family and Roles suits more to a client who only wants to maintain basic job definition information and would not have the resources available to setup and maintain Job Profile Builder. On the contrary, clients with a well-defined job description who have both the resource & data available can use JPB and derive more value out of it.

The Open Content Network for SuccessFactors LMS

“Content is king”- a correctly quoted phase that says a lot of thing about a perfect site.  Now what good is an LMS if it has no content?  It is very evident that LMS content can or should, come in many different forms now. Learning today is all about just about sitting in a classroom, or mindlessly clicking through the internet.  While there are many organizations today who are seeing the need for an LMS to support their organizations learning strategy and goals, there are a lot of them struggling with the content that goes into them, this is especially seen among the smaller companies.

SuccessFactors introduced the Open Content Network for the successfactors Learning product.  This is an extension of the LMS which allows it for integration with a few selected MOOC providers which helps to incorporate a vendor’s courses into the organization’s LMS.  This may also allow organizations to present online learning courses from within the LMS directly. In little or no investment an organization can increase their catalogue substantially, by providing more and big engaging training opportunities to learners and at the same time get the benefit from having the ability to track all the information within the LMS.

Let’s now illustrate how the Open Content Network which can be turned on within your LMS and considerations that comes with it.  While doing so we would keep in mind that right now the Open Content Network is still very new and there are definitely some great benefits which can be realized immediately for all the organizations, but it would be more exciting if the potential of what this may lead to a perfect LMS.

The content which is available with the vendors are currently integrated and may not be overly applicable to all the organizations, and therefore the integration to some of the providers are still way to go for cutting down on administrator efforts in tracking user training.  Nevertheless, the groundwork has been laid successfully, and there are plenty of things to be excited about for the Open Content Network into the future.

Looking forward to a brighter future with The Open Content Network for SuccessFactors LMS.