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SAP SuccessFactors – Core Solution Behind Human Resource Management
Human capital management has undergone significant qualitative changes recently, shifting focus to the work-life balance of the employees, providing more transparency in their lifecycles within the companies, and offering more opportunities for talent development.
Aiming to streamline human resource management, companies adopt solutions like SAP SuccessFactors, or SAP SF, to maximize their potential and, thus, elevate the company’s productivity. Let’s learn how it works.
What Is SAP SuccessFactors?
SAP software is known for its comprehensive nature and out-of-box tools to provide digital transformation of any area of business functioning; human resources is not an exception.
SAP-based HR management has evolved over the years, adjusting to the market needs: from an early on-premise SAP HR, with large and complex IT infrastructure, to data centralization with SAP HRIS, and finally SAP Human Resource Management and its cloud-based solution SAP SuccessFactors.
SAP SuccessFactors is a leading solution that is entirely dedicated to all aspects of human resource management.
SAP SuccessFactors features several core components, which allow businesses to manage the whole lifecycle of employees within the company:
Core HR – includes SAP Employee Central (gathers and manages core employee data and HR processes), working benefits, timing, and payroll.
Talent Management – includes recruiting management, performance and progression management, and learning management,
Workforce analytics – provides data regarding individual and collective efforts.
Additional integrations include the onboarding process, compensations, employee engagement, well-being, etc.
Key Characteristics of SAP SuccessFactors
Standardized HR processes
With the help of SAP SuccessFactors, companies can manage an extending volume of workforce, ensuring consistency and transparency of all HR operations and activities.
Regulatory compliance
All businesses are required to follow specific employment regulations to maintain sustainable performance. SAP SF ensures data privacy and protection (GDPR and CCPA protocols), assists in benefits, labor law, and tax compliance, and, overall, helps organizations establish equal employment opportunities.
Centralized data management
Data management is one of the most challenging aspects of HR departments due to the ever-increasing informational load.
SAP SuccessFactors simplifies the routine by creating a central multilingual repository of HR data – personal information, job details, compensation data, health matters, etc. All the data is available through a single platform, which is convenient and time-efficient.
Hierarchy management
SAP SuccessFactors allows companies to build accurate employee structures, manage departments and teams, and establish relevant reporting lines. The system is highly scalable, adjusting the digital employee structure of a company to all the changes.
Time management
Time management has always been a challenge, even if the team is concentrated within one physical space, not to mention large enterprises with many remote teams on board. Yet, with SAP SF, everything changes.
Time-offs, leave balance, attendance tracking, team availability – all the information is accessible through a single source, which provides data integrity and accuracy.
Benefit administration
Employees’ benefits are crucial for their ‘healthy’ performance within the company, which directly influences the quality of their work.
SAP SuccessFactors allows companies to handle various benefits-related regulations like health insurance, retirement plans, time offs, and disability benefits on both global and local scales. It manages all the aspects of benefits administration – enrollment, eligibility, communication, reporting, and integration with other systems.
Localization
SAP SF can be adapted to country- and industry-specific regulations and demands, including language support, cultural adaptation, legal and regulatory compliances, currency support, and global payroll integration.
By meeting the specific needs of the organization, SAP SF allows it to operate in multiple countries and regions with the same management efficiency.
Integrability
SAP SF belongs to the SAP ecosystem. Thus, it can be seamlessly integrated with other native components, ensuring the accuracy of data transition and reducing the complexity of integration.
For instance, SAP SF can be integrated with SAP S/4HANA, creating a unified HR ecosystem; in combination with SAP Analytics Cloud, it will generate insights into HR trends, etc.
The integration capabilities of SAP SF and related modules are limitless, yet it is important to consider the company’s current needs and structure. It is always best to ask for informational support from professionals to understand the benefits of SAP implementation.
For instance, LeverX is a global SAP implementation company, which offers an end-to-end integration of SAP tools, with further maintenance. They carry out in-depth research into the organization’s performance and offer relevant SAP solutions to target the area of improvement.
Concluding Lines
SAP SuccessFactors is the core module for managing the employment department and streamlining all the related processes and operations.
The software brings transparency into the business-employee relationship – while businesses get comprehensive data regarding workforce efficiency and performance, employees can also easily track their performance, financial matters, and benefits.
SAP SuccessFactors is the foundation of employment management success, yet it is only achievable with professional and experienced developers. Contact LeverX for further guidance into the digitized HR world, and let the success happen.
