SuccessFactors Training – Compensation and Variable Pay

SuccessFactors Training – Compensation and Variable Pay

Training for SuccessFactors Variable Pay Administration

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This SuccessFactors training course will take delegates through the terminology and concepts relating to the compensation and variable pay modules of this system. Attendees will gain the fundamental skills needed to use the compensation and variable pay modules as an administrator and use the basic tools for managing compensation and variable pay cycles within their organisation.

By the end of the day you will have developed a working knowledge of these SuccessFactors modules, enabling you to successfully implement your compensation and variable pay strategy in your organisation.

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SuccessFactors Variable Pay Training Content:

Duration: 1 day

This SuccessFactors course will cover the following topics:

Getting Started with SuccessFactors Compensation

  • Compensation Overview and Permissions
  • Managing the Employee Data File
  • Managing Compensation Tables
  • Workshop – Managing Employee Data
  • Workshop – Managing Compensation Tables

Setting up a New Compensation Plan

  • Plan Setup
  • Worksheet Design
  • Plan Details
  • Managing Compensation Worksheets
  • Workshop – Creating and Editing a Compensation Plan

Complete Planning Cycle

  • Complete Compensation Planning Cycle
  • Types of Reports
  • Workshop – Generate Compensation Statements

Getting Started with SuccessFactors Variable Pay

  • Describing SuccessFactors Variable Pay
  • Describing Variable Pay Permissions
  • Setting up Pre-Program Tasks

Plan Setup and Configuration

  • Defining Plan Setup
  • Importing Employee History Data
  • Importing Bonus Plan Data
  • Importing Eligibility Rules
  • Importing Business Goals
  • Importing Business Goal Weights
  • Workshop – Setup a Variable Pay Plan

Worksheet Design and Launch

  • Identifying the Elements of a Variable Pay Form
  • Describing the Number Format
  • Defining Field Labels and Visibility
  • Defining Launch and Update Worksheets
  • Workshop – Create a Variable Pay Worksheet

Planning Cycle

  • Completing the Planning Cycle
  • Generating Variable Pay Reports
  • Workshop – Generating Variable Pay Reports

SuccessFactors Variable Pay Training Goals:

By the end of the day delegates will be able to configure and implement both compensation planning and variable pay planning.

SuccessFactors Variable Pay Training Prerequisites:

It is highly recommended that delegates have already taken the SuccessFactors foundation course.

SuccessFactors Variable Pay Training Audience:

This training course is aimed at SuccessFactors administrators who are responsible for compensation and variable pay within their organisation.

Related offerings:

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For any questions please feel free to contact us.