Human capital management is a set of practices that establish a company culture and promote employee commitment. It involves multiple operations related to attracting, recruiting, training, developing, and retaining candidates and their further development.
Aiming to consolidate all the data related to employees’ lifecycles, companies commit to relevant digital solutions, like SAP SuccessFactors. Let’s learn how it can benefit the success of human resource management.
What Is SAP SuccessFactors?
SAP SuccessFactors is an HR hub that integrates all the information related to an employee’s performance within the company – recruitment, onboarding, and learning processes, as well as payrolls and overall work dedication.
The Functionalities of SAP SuccessFactors
SAP SuccessFactors is a suite of modules responsible for different aspects of an employee’s work cycle.
Employee Central
Employee Central, according to the name, is the core of the HR component, which consolidates all the data regarding every particular employee. It also deals with operations related to hiring, transfers, and terminations of employees’ performance.
Employee Central, like all the SAP products, is a customizable solution that is flexible to all the unique requests and challenges of the company’s HR departments.
Performance and Goal Management
The Performance and Management module helps to boost the employee’s work routine by introducing goal-setting sections, progress tracking, and performance reviews. It monitors the input of every employee, ensuring the right direction of their development within the company.
Learning Management System
Success-oriented companies don’t only hire employees for their skills but also for their growth capabilities.
SAP Learning Management System is created for organizations that really care about developing their in-house potential. It allows managers to create individual training programs that align with the company’s goals, measure the training effectiveness, and track employee progress.
SAP SuccessFactors LMS is a personalized approach to developing employees’ skills and competencies, thus, reaching a continuous improvement of a company’s expertise.
Recruiting management
The Recruiting Management component helps HR managers streamline the recruitment process by introducing the Applicant Tracking System. The application follows the end-to-end candidate performance, letting managers make informed decisions and providing a transparent onboarding process.
Compensation and Benefits
SAP SF’s Compensation and Benefits component includes functions like a payroll management system, bonuses, and benefits administration. This component helps to track current compensation and benefits trends, ensuring the competitiveness of companies’ job-market offers.
Analytics and Reports
Timely reports and analytics always make an integral part of all SAP modules, as the insights help to navigate the company’s performance in the right direction.
SAP SF’s Analytics and Reporting module offers real-time insights regarding employee performance, general engagement, and turnover. All the reports help the managers anticipate future trends and potential issues and make timely data-driven decisions to address them.
Benefits of SAP SuccessFactors
Dedicated HR platform
One of the major benefits of SAP SuccessFactors implementation is an opportunity to bring multi-faceted employee-related data to one platform. Instead of multiple applications, the company gets a single data repository, with easy access to the required information.
The employees are also on the beneficial side, as they can track their performance from a personalized dashboard, avoiding the need to contact the managers regarding every single request.
Scalability
Scalability with SAP SF is the key to an uninterrupted extension of the employee database and its features. The cloud-based nature of the suite provides access to the system regardless of the location, thus allowing for a global talent recruiting process.
Integration
SAP is one of many ERP systems, yet it’s the only one to offer a multitude of integrations. SAP SF in cooperation with other suites (through SAP S/4HANA, the core ERP), can establish a comprehensive outlook into the company functioning, thus, enabling better efficiency and outcomes.
All the integration opportunities should fit the company’s development strategy, creating a tech foundation for all the upcoming changes. It is always recommended to choose a company with a relevant area of expertise, and a full range of SAP implementation services, to ensure the success of the project.
For instance, LeverX – an international company and SAP Gold Partner, offers comprehensive SAP development services, providing tailored solutions to the company’s needs.
Their expertise covers multiple industries including E-commerce, manufacturing, banking, finance, transportation and logistics, etc. The high-quality development services are also proven by positive reviews. Thus, when needing help with SAP implementation, don’t hesitate to ask for their assistance.
Streamlines processes
SAP SP simplifies the HR lifecycles bringing all the fragmented components of human capital management into a single data source, and thus allowing for data-driven decision-making.
Global management
SAP SF allows organizations to create equal conditions for managing international teams of employees, considering local and global challenges, and hiring policies
Final Thoughts
SAP SuccessFactors is a comprehensive suite that allows businesses to manage one of their cornerstones of success – employees. It creates a central data repository with all the information related to an employee’s performance, development, benefits, leaves, etc.
Due to its integrable nature, SAP SF can also be joined with other SAP modules, covering all the company’s aspects of the company’s performance.
When looking for professional assistance related to SAP SF and the whole ecosystem, contact LeverX, who are always ready to address all the questions and challenges.
