Book Description

Strategically managing compensation is a key human capital management initiative that can greatly impact your company's success, and with SAP ERP HCM Enterprise Compensation Management you have the tools you need for an effective and consistent strategy. So if you're an HR professional, IT professional, or SAP ERP HCM consultant who needs to know how to deliver and support a successful enterprise compensation implementation using SAP, you'll find exactly what you need in this detailed, practical book. Quickly learn the configuration and development strategies needed for a successful implementation and find out which tools are available to effectively manage and support both monetary and nonmonetary budgets, as you explore the budgeting cycle from preparation, initialization, and maintenance to closure. Then, discover how effectively ECM integrates with other SAP ERP HCM modules, including personnel administration, organizational management, personnel cost planning, performance management, and payroll.The authors go well beyond the basics to explore job pricing functionality, including the process of setting up vendors, participating in salary surveys, importing market data from surveys, analyzing market data, and updating pay structures. Plus, they provide you with unparalled insight into advanced issues in a typical ECM implementation such as on-cycle growth and/or organizational promotions during the compensation cycle, off-cycle increases, and second level approval of compensation.