In this context, the SAP SuccessFactors Performance & Goals solution emerges as a powerful tool, offering comprehensive support in goal setting and performance management processes. It integrates a range of features that streamline HR processes, provide valuable insights, and facilitate strategic decision-making.
By leveraging SAP SuccessFactors, businesses can stay agile in their talent management practices, ensuring they’re equipped to navigate the modern business needs. Now, let’s delve into the specific benefits that come with implementing this solution.
Key benefits of implementing the module:
1. SMART goals – the foundation of success:
SAP SuccessFactors Performance & Goals enables goal setting based on the SMART methodology, meaning that goals are:
- Specific – clearly defined and measurable.
- Measurable – quantifiably measurable.
- Achievable – realistic and attainable.
- Relevant – aligned with business objectives and individual employee capabilities.
- Time-bound – set within a specific timeframe.
This provides employees with a clear development path and motivation to achieve desired results.
2. Continuous feedback – the key to development:
The SAP SuccessFactors platform allows for giving and receiving real-time feedback. 360-degree assessment tools provide a holistic view of employee engagement and skills, offering valuable insights into their strengths and weaknesses. Continuous feedback forms the foundation for effective talent development and building an engaged culture within the organisation.
3. Talent analytics – data worth its weight in gold:
Delivering reliable data and analysis helps companies identify key talents and uncover their developmental potential. This enables managers to monitor engagement indicators, recognise top performers, and ensure others remain within the company.
4. HR process automation – time and resource savings:
SAP SuccessFactors Performance & Goals automates time-consuming administrative tasks related to managing employee goals and performance. Freed-up time and resources can be redirected to higher value-added activities, such as HR strategy development and talent development.
5. Increased competitiveness – a key success factor:
Implementing SAP SuccessFactors Performance & Goals translates into a range of benefits, such as:
- Increased employee productivity and performance.
- Better alignment of HR strategies with business objectives.
- Cost optimisation and resource savings.
- Increased employee engagement and retention.
As a result, companies that adopt SAP SuccessFactors become more competitive in the job market and gain an edge over the competition.
Customers appreciate the opportunity for continuous performance management, which directly translates into interactive dialogue between managers and employees, tracking their progress over time, and identifying areas for improvement. Thanks to two-way communication and 1:1 meetings, managers can comment on employees’ achievements, thus supporting their engagement and motivation.
Integration of the Performance & Goals module with SAP SuccessFactors:
1. Compensation module:
- Linking performance evaluation with the compensation system.
- Automatically calculating bonuses for goal achievement.
Example:
- An employee achieves the goal of “Increasing sales by 15%.”
- The system automatically awards them a bonus equal to 10% of their salary.
2. Recruitment & Onboarding module:
- Defining key competencies based on business goals.
- Recruiting candidates with appropriate skills and predispositions to achieve goals.
- Onboarding new employees with consideration of organisational goals.
- Setting performance goals for newly hired employees.
Example:
- The company has a goal of “Launching a new product to the market.”
- The system identifies key competencies needed to achieve this goal, such as proficiency in English and analytical skills.
- The company recruits candidates with the necessary skills and predispositions.
- New employees are onboarded with consideration of the company’s goals.
3. Succession Planning module:
- Identifying talents and future leaders based on goals and achievements.
- Succession planning for key positions within the organisation.
- Developing talents and preparing them for key positions.
Example:
- The system identifies an employee who consistently achieves goals and demonstrates high potential.
- The employee is enrolled in a talent development programme and prepared for a managerial position.
4. People Analytics module:
- Access to personalised reports and analyses regarding goals, performance, and development.
- Identifying trends and areas requiring improvement.
- Supporting strategic HR decision-making.
Example:
- A manager can view a report showing which departments are achieving their goals and which are facing challenges.
- Based on the report, the manager can make decisions regarding changes in HR strategy.
Additional integrations:
Time Management:
- Monitoring time spent on goal achievement.
- Automatically generating time tracking reports.
Employee Experience:
- Collecting employee feedback on goals and performance management processes.
- Identifying areas requiring improvement.
Remember, PMGM integrations with SAP SuccessFactors are flexible and can be tailored to the company’s individual needs.
Summary:
In the digital age, effective talent management becomes a key success factor. SAP SuccessFactors solutions offer comprehensive tools for goal setting and performance management, thereby streamlining HR processes and leading to tangible results. Implementing SAP SuccessFactors allows companies to build a strong organisational culture, increase competitiveness, and achieve strategic business goals.
With Zalaris as your trusted partner in HR and payroll solutions, the journey towards optimised talent management becomes not just a possibility, but a reality. Take the first step towards unlocking your organisation’s full potential – explore Zalaris PeopleHub for SAP SuccessFactors today.