What is SAP SuccessFactors

SAP SuccessFactors is software that provides Human Capital Management cloud-based solutions using the Software as a service model (SaaS). SAP SuccessFactors facilitates all processes related to human capital management using intelligent and efficient solutions that make the most of the latest technology with the aim of cutting costs, increasing efficiency and employee satisfaction and making decisions based on the accurate analysis of data.

Following are the main HCM products that SAP SuccesssFactors provides:

Products

  1. Recruiting and On-boarding

Finding talent and hiring the perfect employee is an extremely important process in any organization. SAP SuccessFactors facilitates this process by providing an end-to-end cloud solution that offers recruitment marketing tools, management of workflows, and rich data insights to help recruiters attract and hire top talent and speed-up the hiring process. It also accelerates the on-boarding process as it guides internal and external new hires, connects them to mentors, managers, and peers – and helps them become engaged and productive members of the organization in record time.

  1. Employee Experience Management

A great employee experience in a company leads to more productivity, lower turnover and higher customer satisfaction. That is what makes Employee Experience Management crucial for companies. SAP SuccessFactors helps reduce unwanted attrition, retain and develop top performers, drive employee engagement, optimize a company’s benefits offerings, and increase the productivity of a its workforce.

  1. Workforce Planning and HR Analytics

SAP SuccessFactors helps organizations make the most of in-depth workforce information and benchmarks to assess readiness to execute strategies, forecast the impact of business decisions, mitigate risk and take action. It also gives intelligent solutions that help respond to challenges related to hiring, diversity, performance, turnover, and more.

  1. Core HR and Payroll

Employee Central is the core HR hub of the SAP SuccessFactors product line. It contains all employees’ data like name, address, national identification number, salary, title, etc. Accurate and easy-to-access employee data produces better results, faster. Moreover, SAP SuccessFactors Employee Central Payroll simplifies payroll

management and allows organizations to have more control of their payroll process, ensuring the employees are paid accurately and on time.

The SAP SuccessFactors core HR services also include Visa and Permits Management and Time and Attendance Management.

  1. Performance and Compensation

Performance and Goal management helps human capital managers align individual goals with the company business objectives and core values.

As for Compensation module, it helps in achieving intelligent budget and guideline modeling, strategic compensation planning and meaningful rewards and recognition, all with the end-goal to give employees motivation and encouragement, which improves their performance.

  1. Learning and Development

This module facilitates continuous corporate training and development. It helps organizations develop employee skills, manage certifications and train both internal and external audiences. It also offers real-time talent insights, strategic succession management, intelligent career development and mentoring and an ongoing feedback and coaching dialogues.

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October 8, 2019

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