According to many surveys held in the past, it has been concluded that best-performing companies understand the real potential of the employers by compensating employers in the form of extra benefits, higher pay scale, etc. Organizations accept the performance management of employees and compensate them with increasing the employee engagement, higher revenue, there’s a strong connection between how much a company embraces the company’s talents and how it performs.
Due to the low budget, inconsistency in market conditions and an increase in employee’s expectations greater than ever have led to unaccomplished desired results of compensation programs.
SAP SuccessFactors performance and compensation model encourages the average employees to perform their best and is the best motivation towards the best results required for the company. It is unique because it can help you evaluate your past performances and can guide for the future improved performance at the workplace.
There is an important relationship between how the employee performs and is motivated accordingly in the form of compensation. It is a really important factor to consider while expecting great results for the company. This helps to improve the effectiveness and productivity of the work offered by the employees and helps to keep up employee engagement. By maintaining the direct link between performance and compensation, be ready to experience outperformed results and highly satisfied customers.