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SAP SuccessFactors Compensation

Self-paced videos, Lifetime access, Study material, Certification prep, Technical support, Course Completion Certificate

Uplatz

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
10.1 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
  • Reed courses certificate of completion - Free
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Overview

Uplatz offers this comprehensive training on SAP SuccessFactors Compensation module. This is video-based online course (self-paced training). You will be awarded Course Completion Certificate at the end of the course.

SAP SuccessFactors Compensation is one of the SAP modules that helps business personnel, managers, and HR in improving budget accuracy, in reducing risk, and take care of the expenses. SAP SuccessFactors Compensation is a sub-module in SAP SuccessFactors module which helps employers in taking the right decision for the compensation of every deserving employee.

Compensation is a component of SAP SuccessFactors that provides incentives to the employees based on performance. SAP SuccessFactors Compensation Management HCM tool provides analytical data reports of individual employees which is helps in managers to take effective decisions regarding Employees compensation & payment on the basis of their work & achievements.

The SAP SuccessFactors Compensation tool provides managers with relevant information for making compensation - planning decisions on salary, bonus, promotions, and stock adjustments according to individual, group, or company-wide guidelines. It is intuitive to use and highly configurable allowing an organization to tailor it to its own business processes.

Uplatz provides this SAP SuccessFactors Compensation Training that aims to help you get a high-level understanding of the concepts and capabilities of the software. The core functionality and features are explained so that your organization can work with a consultant in planning and implementing an effective configuration. This orientation is designed for major stakeholders within the organization who are responsible for making configuration and process decisions during the implementation of SAP SuccessFactors Compensation module.

This SAP SuccessFactors Compensation training uses the concepts and terminology associated with SuccessFactors Compensation functionality, and helps you develop a working knowledge of this functionality for use in implementing your compensation strategy. You will also gain basic skills in how to use SuccessFactors Compensation as an administrator, and will learn how to manage the basic tools for managing the compensation cycle in your organization.

What you will learn in SAP SuccessFactors Compensation module?

In SAP SuccessFactors Compensation training you will be able to learn entire concepts of employee compensation management on SAP SuccessFactors cloud business suite.

Course Highlights

  1. Creation & Management of compensation work sheets

  2. Plan setting & compensation statements

  3. Creation & Management of compensation plan guidelines

  4. Implementation & Management of employees specific data

  5. Analysis of compensation reports etc.

By the end of the course, you will be able to:

  • Describe the SAP SuccessFactors Compensation solution, including functionality, components, and reports

  • Describe the Compensation Planning process and each of its steps

  • Explain the role of the Compensation Planner

  • List tasks that are completed by Administrators

  • Analyze configuration options for SAP SuccessFactors Compensation

  • Identify appropriate terminology to communicate configuration requirements

  • Identify key components of a customer needs assessment during project kickoff

  • Create, download, archive, and update compensation plan templates and data with XML and Admin Center

  • Configure salary sheet and stock sheet components within a compensation template

  • Access help resources

  • Identify key integration points between SAP SuccessFactors Compensation and Employee Central modules

  • Configure Total Compensation plan by combining Compensation and Variable Pay configurations in one template

  • Describe the Spot Awards feature and the basic processes, permissions and configuration of Spot Awards

  • Competently use the Success Factors Compensation Admin tools to accurately configure and implement compensation planning according to your organization’s requirements

  • Upload data for compensation plans, create and configure compensation plan templates

  • Modify and manage reporting of compensation to planners and to employees

Curriculum

1
section
13
lectures
10h 4m
total

    • 1: Session 1 - SAP SF Compensation 56:06
    • 2: Session 2 - SAP SF Compensation 53:26
    • 3: Session 3 - SAP SF Compensation 50:03
    • 4: Session 4 - SAP SF Compensation 56:08
    • 5: Session 5 - SAP SF Compensation 42:50
    • 6: Session 6 - SAP SF Compensation 44:21
    • 7: Session 7 - SAP SF Compensation 42:57
    • 8: Session 8 - SAP SF Compensation 50:07
    • 9: Session 9 - SAP SF Compensation 44:32
    • 10: Session 10 - SAP SF Compensation 59:16
    • 11: Session 11 - SAP SF Compensation 34:43
    • 12: Session 12 - SAP SF Compensation 47:54
    • 13: Session 13 - SAP SF Compensation 21:11

Course media

Description

SAP SuccessFactors Compensation - Course Syllabus

  1. Compensation Management introduction

  2. Enabling and Navigating compensation administration cloning compensation plan

  3. Release Management, Community Portal, Launchpad

  4. Lookup Table, Currency Conversion, Export Data and Pay range

  5. Manage Permission Roles and Group

  6. Company Settings, Groups and Families

  7. Route Map Creation and assigning in to Compensation plan

  8. Currency Conversion and Other lookup tables using formulae

  9. Basic settings (displays settings, EC Settings, Salary Proration, FBP)

  10. Advanced Settings

  11. Designing worksheet – Standard and custom fields

  12. Budget

  13. Eligibility rules

  14. Guidelines

  15. Rating Sources

  16. Defining planners, creating and managing worksheets

  17. Compensation statement creation

  18. Publish Compensation data to EC

  19. Reports and additional Topics

  20. Review of Common issues

Key topics covered in SAP SuccessFactors Compensation course include:

  • Compensation management introduction

  • Compensation mastery pre-work

  • Setup provisioning for compensation

  • Comp admin tools

  • Data integration user data file

  • Compensation plan template

  • Compensation mastery salary sheet management

  • Work sheet designer

  • Column designer

  • Setup look up tables

  • Salary pay matrix

  • Setup job code and pay grade mapping tables

  • Compensation eligibility

  • Compensation guidelines

  • Multi-dimensional matrix for guidelines

  • Compensation program budgets

  • Budget rules

  • Setup salary proration

  • Executive review

  • Multi-currency review

  • Bonus sheet

  • Bonus guidelines

  • Bonus rules

  • Stock options

  • Rating sources

  • Compensation reporting

  • Compensation statement

  • Admin maintenance

  • Real time scenario trouble demonstrated

  • EC integration

Who is this course for?

Everyone

Requirements

Passion and determination to achieve your goals!

Career path

  • SAP SuccessFactors Compensation / Variable Pay Consultant
  • SAP SuccessFactors Consultant and/or End User
  • SAP HR and HCM Professional
  • Payroll Analyst / Manager
  • SAP SuccessFactors Employee Central Project Manager
  • SAP SuccessFactors Analyst
  • Payroll Consultant and SAP Payroll Consultant
  • Personnel & Payroll Administrator
  • SAP SF Employee Central Payroll Specialist
  • Benefits Manager
  • Executive / Supervisor

Questions and answers

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Certificates

Certificate of completion

Digital certificate - Included

Course Completion Certificate by Uplatz

Reed courses certificate of completion

Digital certificate - Included

Will be downloadable when all lectures have been completed

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

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