Compensation Management
Drive business results by creating a true pay-for-performance culture
Studies reveal that nearly two-thirds of today's senior executives name pay-for-performance as the #1 tool for achieving positive financial results at their companies. But as you've probably discovered, instituting this type of compensation structure at your organization is much easier said than done.
SuccessFactors Compensation Management helps you significantly boost the performance of your employees via compensation rewards, creating a more engaged workforce that's willing to go the extra mile for your organization. Plus you'll enjoy clearer visibility into individual employee performance when it comes time to make critical compensation planning decisions.
- True Pay-for-Performance Culture. Provide a clear linkage for employees between their compensation and your performance expectations.
- Improved Retention. Recognize employees for a job well done using variable pay and other proven methods. So your top performers stay happy - and more likely to stay with your company.
- Budget Optimization. Run "what-if" scenarios and instantly see how increasing merit pay to your best employees would impact your budget.
- Cost Savings. Save your business thousands of dollars every year by making sure you're not unfairly compensating those employees who fall short in their efforts to help your company achieve its key objectives.
SuccessFactors Compensation Management is part of an integrated suite of modules that address issues ranging from recruiting to Performance, from compensation to succession, and everything in between.
Download the Fact Sheet on the SuccessFactors Compensation Solution
TAGS
Compensation, Pay for Performance, Improved Retention, Budget Optimization, Merit Pay, Bonuses, Employee Retention |
