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SAP HCM Compensation Management

Course code: S1160

3 days

This course will prepare the users to understand and use the Compensation Management component of SAP HCM.

Course content >

Who Should Attend?

Everybody

Prerequisites

None
Contact us for booking information

Course Contents

This course will prepare the users to understand and use the Compensation Management component of SAP HCM. Configuration aspects of the module are also touched upon in detail. The user will gain understanding on the areas of Job pricing and budgeting inline with basic eligibility criteria of the workforce. The topics on compensation management and administration, compensation packages and long term incentives are covered in great detail to equip the users on compensation based scenarios.

Training Course Contents

Introduction

  • What is SAP HCM?
  • Key Concepts

Navigation in SAP HCM

  • Navigation and basic on-screen operations
  • Screen Elements
  • Types of Help available
  • User Specific settings

Compensation Management

  • Introduction
  • Core Compensation Components
  • Terminology
  • Integration

Job Pricing

  • Job Evaluation Results Infotype (1050)
  • Job Evaluation Customizing Activites
  • Survey Results Infotype (1051)
  • Survey Customizing Activities
  • Planned Compensation Types
  • Planned Compensation Infotype (1005)
  • Comparing Planned with Actual Compensation
  • Changing From Pay Scale to Pay Grade
  • Job Pricing Overview
  • Job Pricing Selection Screen
  • Job Pricing Detail Screen
  • Infotypes Used in Job Pricing
  • Generating Salary Structures
  • Salary Structure Maintenance
  • Job Pricing Customizing Checklist

Budgeting

  • Budgeting Overview
  • Budgeting Process
  • Budgeting Customizing Activities
  • Core Budgeting Functions
  • Budgeting Menu Options
  • Creating a Budget Structure
  • Linking Budget Units to Financed Objects
  • Copying a Budget Structure
  • Generating a Budget Structure from an Org. Structure
  • Allocating Budget Amounts / Quantities
  • Extending a BudgetÂ’s Validity
  • Releasing a Budget Structure

Compensation Packages

  • Compensation Areas
  • Compensation Planning Periods
  • System Parameters
  • Compensation Categories
  • Compensation Components
  • Fixed Compensation Components
  • Variable Compensation Components
  • Long-Term Incentive Plans

Guidelines and Eligibility

  • Elements That Make Up a Matrix
  • Integration to Appraisals System
  • Guideline Groups
  • Defining Guidelines
  • Eligibility Overview
  • Eligibility Groups
  • Eligibility Group Feature
  • Additional Criteria : Jobs
  • Additional Criteria : Position in Salary Range
  • Additional Criteria : Performance
  • Eligibility - The Big Picture
  • Defining Eligibility Rules
  • Overriding Eligibility

Compensation Administration

  • Compensation Wage Types
  • Wage Type Models
  • Compensation Adjustment Types
  • Compensation Adjustments Infotype
  • Compensation Administration Process
  • Compensation Administration Methods
  • Awarding Compensation to Individual Employees
  • Additional Information
  • User-Defined Employee Information
  • Customizing Employee Information
  • Budget Information
  • Mass Maintenance Overview
  • Mass Maintenance : Excel Worksheet
  • Awarding Compensation After an Appraisal
  • Integration to the Appraisals System Checklist
  • Awarding Compensation Using ManagersÂ’ Desktop

Approval & Activation Overview

  • Step 1 : Submit Proposals
  • Step 2 : Review and Reject
  • Step 3 : Change and Resubmit
  • Step 4 : Approve
  • Step 5 : Activate
  • Implementing the Workflow Scenario

Long-Term Incentives

  • Long-Term Incentive Plans
  • The Different Types of Long-Term Incentive
  • Vesting Rules and Schedules
  • Change Events
  • Life Events
  • Awards Detail
  • Exercise Methods
  • Pricing Information
  • Customizing Long-Term Incentives
  • Defining Life Events
  • Defining Country-Dependent Award Attributes
  • Set Up Life Event Vesting

Long-Term Incentive Admin

  • Granting Awards
  • Tracking Who Has Been Granted What
  • Exercising
  • Expiring and Forfeiting
  • Cancelling
  • Processing Life Events

Compensation Mgmt Customising

  • IMG structure: Where to set up what
  • Things to consider when Configuring
  • Case study