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.

Why SAP Successfactors Certification Is Important?

SAP successfactors online training course with valid certification and the credential is recognized by industry that can help one to succeed in their IT career. SAP successfactors is one of the world’s largest enterprise software companies and to get the certification from this company is really a great credit to one’s career. The SAP successfactors online training is a professional online training program offered by the SAP Corporation. With the increase in number of candidates applying for jobs in present situations, most of the IT companies select candidates based on whether they have got a valid certification and thus getting certification is a must for all in their respective area to increase their entry in job market. SAP successfactors certification plays a major role, by helping you to get into job market by making them confident in their area of certification and thereby also helps them to present a more marketable résumé to good and prospective employers.

Along with this the SAP successfactors certification also helps the candidate to acquire good knowledge in their area of requirement. Not only for fresher, is SAP successfactors certification process helpful for experienced people too. It is very important that they have to stay updated on new technologies and tools. But with recent trends is seen in organization, it is not possible to provide all training and updates by the company and so there comes the responsibility of the candidates to keep them updated with recent changes.

To help all the people who wants to get an upper hand in their company, SAP successfactors certification proves a great resource. There are many levels and branches of certification that one can take, depending on their experience and their branch or skill they are into. 

Why is Human Capital Management (HCM) Important in Organizations?

Let’s start this blog by asking a very simple question. What do you think is the most important thing to a company?

Employee. Correct, these are the people who work day in and day out to bring the maximum output one individual can. An employee can either make or break the company foundation. And thus it’s very evident that the importance of the employee to a company is of high priority. 

Human Capital Management (HCM) is essential for managing, hiring, training and retaining high performing and talented employees.

Human Capital management plays a crucial role in the recruitment procedure. It ensures that human resource professionals hire people who really deserve to be in the company. Recruiting the right talent is most importance. A person who is not fit for a certain role will not be able to work much in the long run.

Human Capital management also plays a major role in orienting a new employee to the system. Meaningless and Boring induction programs often leads to confusions and an employee gradually loses interest in the organization. It is important for all the employees to upgrade their knowledge with time to come up with the ever changing situations. Human Capital Management (HCM) basically helps in training the employees and making them the best resource for the organization. They always motivate employees to take up new and special courses or online training programs which would help them in their job. This is generally because employees who do not brush up on their skills on a regular basis find it difficult to survive in the long run.

Human Capital management always plays an important role in increasing the prominence of employees. Individuals are always in a position to contribute more towards the system, eventually increasing the overall production of the organization.

To put it in a nutshell, human capital management is important for:

• Hiring the right talent
• Orienting him/her to the organization
• Making a new employee feel comfortable
• Training employees in order to constantly upgrade their skills
• Retaining employees
• Making employees self sufficient and prepare them for adverse conditions
• Human Capital management generally helps in developing skills of every employee which in turn help them stand apart from the rest.

SAP Successfactors is absolutely the best future for HCM

Is the world’s major marketer of cloud-based business performance software. The focus here is the alignment of employee development with company goals. The Success factors HCM suite is SAP’s cloud suite of Human Capital Management solutions covering core HR, talent management, analytics, workforce planning, social collaboration, and mobile. The suite has always been rated as the predominant cloud-based HCM suite for human resource management by a number of leading analyst firms. Success Factors cutting edge innovative way ensures that the suite continues to evolve on a quarterly basis.

As far as it’s about Success Factors online education, we may say taking up success factor training can be convenient and rewarding too. A key plus point in Success Factors online education is the web-centered curriculum. In step with the country wide center for schooling records, a Success Factors online education is defined as a proper training where in the trainees and instructor aren't with in the identical place and yet connected. Which means that all assessments, lectures and far of the reading in classes are carried out on the internet. Many students have overcome the assignment of on-line Success Factors online education and have adapted good to the method.

The SAP Success factors training course will help you to understand the key concepts of Success factors from every Industry perspective. The best part of this SAP Successfactors online training institute is, you can avail flexible timings according to your wish. Success factors Human Capital Management (HCM) solutions merges on boarding, business and collaboration tools with a learning management system, performance, recruiting software, applicant tracking software and maximize people performance. The solutions are generally cloud-based, easy to implement and have the capability of growing with any organization, so that one can start anywhere and go everywhere!