SuccessFactors Compensation Implementation requirement gathering steps

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This post will provide steps to be followed during requirement gathering for Successfactors Compensation implementation.

Steps for requirement gathering:

The first and the most important part of compensation cycle is the eligibility of employees who are to be included in the current cycle or to be excluded. The eligibility for the 3 main pillars (Merit, Adjustment, LumpSum)of compensation cycle needs to be discussed thoroughly. After confirmation on the eligibility for Salary increment the Bonus eligibility should be discussed. After eligibility discussion Guidelines for Merit, Adjustment, LumpSum and Bonus are to be discussed with customer. Current and Revised salary break-up should be discussed with customer. This is useful as what columns are to publish back to EC once compensation cycle is completed in case of EC- integrated template. The customer must be advocated about all 3 Hierarchy’s available in compensation system and partner must get confirmation on 1 hierarchy on which they will move forward. Once the hierarchy is confirmed, The Comp planner must be finalized, and the Route map requirement is to be discussed with customer. Budgeting requirement for Salary components and Bonus is to be discussed with customer. The customer must be advocated about the system

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