Statistically, companies with engaged employees outperform those without by 202%. However, managing a diverse workforce can be complicated. Along with the permanent employees, the HR team has to manage other resources, including contractors, freelancers, vendors, and so on. Owing to this dynamic nature, it is quite essential to gain complete visibility across the workforce to ensure efficient decision-making, adherence to compliance guidelines, and the right allocation of resources. SAP SuccessFactors is a cloud-based talent management and human capital management software that can manage end-to-end aspects of human resources operations, such as recruitment, performance management, compensation management, and learning and development.
Enriching employee experiences
The digital advancements in the world of business have made the workforce have higher expectations when it comes to the user experience. Most users prefer a self-sufficient and consistently engaging user experience with an embedded feedback loop that captures their employment journey’s important moments. SAP Success Factors follows a tailored UX strategy that creates user-friendly, consumer-grade experiences that can be easily adapted to different personas.
Successful workforce management
Organizations can get better outcomes by analyzing the employee’s perspective and garnering data during various phases of the business workflow, like routine work, performance reviews, role changes, or unforeseen events like a pandemic. With the right set of data, management can have a greater impact on the workforce, better manage HR costs, predict challenges, correct errors, and deliver meaningful results. SAP Success Factors automates and streamlines various aspects of workforce management, such as onboarding, timesheet management, performance tracking, and offboarding.
Comprehensive learning and development
One of the major attributes of the success of an organization is making the right investment in the development of its employees. SAP Success Factors has robust learning management functionality, using which organizations can assess skill gaps in their employees, design custom training programs, and track their progress. Businesses can create an in-house pool of online tools and courses for their employees to use in their ongoing learning efforts. Employees can excel in their roles by using various online and social learning methods at their own pace.
Improved integration and flexibility
With SAP Success Factors, organizations have the liberty to carve out an implementation path that matches their internal strategy. There is no strict rule that it should start with the core HR module itself. The solution addresses some of the major challenges that can come in the way of a workforce transformation. It seamlessly integrates with other systems in the technology landscape, ensuring a smooth flow of data and also reducing manual interventions and errors.
Better workforce collaboration
Keeping up with the ever-changing needs of a growing business is crucial to its success. SAP Success Factors integrates with other collaborative tools like SAP Jam and creates a perfect communication pathway between various teams, resources, and external workers. It enables better engagement, along with a constant loop of feedback that will fine-tune the business processes.
Streamlined recruitment process
Many times, the workforce allocation process can be quite diverse and dynamic based on the business’s needs. SAP Success Factors simplifies the recruitment process by creating unique job requisitions, precise screening protocols, interview scheduling, and offer management. The platform automates many tasks, minimizes administrative efforts, and streamlines the hiring process.
Improved Cost Efficiency
As SAP Success Factors streamlines and automates HR processes, it reduces the administrative burden on the HR team. The suite has comprehensive workforce analytics and reporting capabilities. Being a cloud-based solution, the maintenance and upgrade of SAP Success Factors can be optimized as per the requirements, and there is no need for any additional IT resources.
Compliance and risk management
A compliance risk or violation can be a major challenge for any organization. Every company is bound to comply with the labor laws in those regions. SAP Success Factors provide real-time visibility into the compliance status of the company and proactively mitigate any possible risks. It provides an effective compliance and risk management strategy for the organization and protects the company from any financial or reputational impairment.
Partner with Integritty to transform your HCM practices We have a team with strong expertise in HCM implementation. With expert guidance and support from our team, you can seamlessly navigate your HCM journey in your business. A comprehensive solution like SAP Success Factors can transform the way that organizations manage human capital.
Besides streamlining recruiting and performance management, SAP Success Factors includes intuitive features such as data-driven decision-making, comprehensive learning, and development that help businesses embrace digital dexterity and the ever-changing business landscape with confidence.
