Last Updated on November 22, 2024 by admin

What is SAP SuccessFactors

SuccessFactors is a cloud-based HCM solution to manage an entire organizations employee performance, recruitment, payroll management, employee central, learning activities, etc.

History of SAP SuccessFactors

  • Originally SAP SuccessFactors was founded in the year 2001 as a Software as a Service(SaaS) software
  • The name of the company itself called as SuccessFactors.
  • In the year 2011, SAP company acquired the company SuccessFactors, and now SuccessFactors has become SAP SuccessFactors.
  • From time to time SAP SuccessFactors is upgrading with new features and becoming one of the best cloud-based HCM suite.
  • Presently, SAP SuccessFactors is the largest cloud-based HCM software and covered the entire globe with 200+ countries, 120+ million users, 7000+ customers.

SAP SuccessFactors Components

The important components of SAP SuccessFactors HCM suite are

  1. Employee Central
  2. Performance & Goals Management
  3. Compensation
  4. Variable Pay
  5. Learning
  6. Development
  7. Onboarding/ Offboarding
  8. Succession
  9. Recruiting
  10. Payroll
  11. Time Management
  12. Reporting and Analytics
  13. Mobile
  14. Workforce planning and Analytics

What is SAP SuccessFactors

SuccessFactors Employee Central: – SAP SuccessFactors Employee central is one of the important components of the SAP SuccessFactors HCM suite, that records complete details of an organization employees. Employee central allows the users to view, maintain and report on employee and organization data.

SuccessFactors Payroll – SAP SuccessFactors Employee Central Payroll provides complete Payroll solutions for 43+ countries. It helps in data replication monitoring, Payroll configuration, Payroll system assignment, etc.

Performance & Goals Management: Performance and goals are the core modules of the SAP SuccessFactors. Provides the solutions for performance management and goals management, supports organization to deliver the best employee reviews and employee goals.

Compensation: SAP SuccessFactors compensation is a complete solution that enables an organization with an efficient process of basic pay, short-term and long-term incentives, variable pay, etc.

Recruiting – SAP SuccessFactors Recruitment provides the best tool to recruit highly efficient employees. SuccessFactors Recruiting is divided into further 3 modules

    • Recruiting Management
    • Recruiting Marketing
    • Recruiting Posting.

Learning: SAP SuccessFactors learning manages the entire learning cycle in an organization.