SAP SuccessFactors – Transforming the Functioning of Human Capital Management

Reward and recognition is the ultimate form of appreciation that every human being seeks in everything that he indulges in - sometimes it is conscious, sometimes it is unconscious. When it comes to professional world, the reward sought is definitely conscious. Judging an employee as per his yearly performance is known as appraisal. However an inherent problem with the current appraisal system is that most appraisals take place at the end of the financial year. This method leaves room for considerable faults as many important details are often left out in a hurry or simply forgotten. As a remedy for this situation, SAP has introduced their new software known as SAP SuccessFactors.

What is SuccessFactors?

In layman terms, SuccessFactors can be described as a Human Capital Management Software that is based on the cloud environment. This software provides a good integration between performance management, recruiting software learning management system and applicant tracking software. This software combines the unique facilities of talent management, succession planning and HR analytics to deliver results in the domain of team execution so that maximum number of people could be encompassed within its fold.

How is SAP SuccessFactors Different?

In this highly competitive society, gaining a competitive edge over your competitors is highly effective as it gives you a position of advantage. SAP SuccessFactors promises to provide users with a generic competitive advantage and world-class technology that is usually based on the core area of expertise of the organization. With the help of this suite, you can indulge in the following:

SAP SuccessFactors helps companies keep the workforce focused completely on their objective. During this training session, it is important to get a feedback from the students to understand how effective the program has been in improving the overall employee performance. This program has a comprehensive set of capabilities that gives the users the liberty to create unique performance process that can easily evaluate an employee’s past performance and help him to improve his present performance.

From a humble beginning SAP SuccessFactors has indeed come a long way. It is honored by IDC marketplace and has been recognized as the industry’s leader for performance management, talent management, recruiting software and compensation software. SAP’s SuccessFactors is the perfect answer, when it comes to providing an easy guide for deciding necessary steps that need to be taken for managing an employee change or employee induction.

SAP SuccessFactors has played a big role in revolutionizing the entire concept of HR service delivery ranging from isolated individual self-services to end-to-end intelligent services aimed at integrating software modules. These intelligent modules are designed in such a manner that they are capable to predict the upcoming transactions resulting from change and adjust them automatically as per the need of the user. The entire experience helps to reduce the cost of services and improves the employees’ experience in the organization considerably.

By eliminating the guess work that has been for long a part of the standard HR process in many organizations, SAP SuccessFactors has been able to remove the complexity from HR transactions.Once the software modules are consolidated in a single experience, it becomes easy for managers and top level employees to fill the gap instead of relying on shared services. The entire setup not only helps them to save time, but also helps people to make the entire process smooth and efficient.

SAP SuccessFactors is a highly intelligence software that can be linked with external applications and enables third party integration. This feature makes it easy for the managers to add new events for sync events with the calendar at regular intervals.