What is SuccessFactors?
Industry Specialties: Serves all industries
Benefits and Insights
Key differentiators & advantages of SuccessFactors
- Digital Boardroom: The portal pulls data from multiple sources, giving executives in your company a comprehensive view across departments. What-if scenarios, ad hoc analysis and other tools help drive better decisions and inform business strategy.
- Skills Gap Solved: With access to continuous learning, employees can gain the skills needed to progress and fill any voids present in your company. This helps you shrink the skills gap and position your organization for future success.
- Global Capabilities: The software has features for managing a global workforce. Among the actions you can take are checking eligibility, controlling data in line with GDPR, managing work permits and visas, and complying with local labor laws. With insights thanks to real-time monitoring, your company can make smart decisions.
- Exceptional Employee Experience: Employees can enjoy access to real-time data on overtime, accruals and other information. They can also contact the HR department via tickets, phone, email or chat.
- Integerated HR: With SuccessFactors HR, you benefit from a unified platform for core HR processes via the Employee Central solution. The central platform connects with other modules for a streamlined, consistent HR experience.
- Mobile App: Take HR on the go with mobile options for several of the suite modules. Specifically, employees can view their information, access training materials, fill out timesheets and request time off.
- HR Extensions: The system includes a Time Management app from Kronos that helps handle the complexity of a global workforce. You can drive employee engagement and keep time management transparent.
SuccessFactors HR serves over 6,700 customers across more than 200 countries. Some specific industries it caters to include software, IT and services, financial services, retail, staffing and recruiting, higher education, construction, healthcare, and management consulting.
- Core HR: Organizations gain a single HRIS for storing and managing employee data. The solution provides tools to engage with the modern workforce — contractors, freelancers and workers around the globe.
- Payroll: This feature allows companies to streamline payroll and benefits while staying compliant with local and international regulations. The self-service element gives employees easy access to their information.
- Time and Attendance Management: Automate time-consuming tasks such as tracking time and absences, as well as bring efficiency to scheduling. The system also automates time and pay calculations.
- Recruiting and Onboarding: Position your organization for success by hiring the right people at the right time. The recruiting solution includes relationship and applicant management tools alongside global sourcing. With the onboarding solution, your company can provide a process for every new hire that’s engaging, personalized and streamlined.
- Learning and Development: Organizations can tap into a range of learning tools via the LMS component. The solution also provides succession management and career development components to help organizations prepare for the future.
- Performance Compensation: Track employee performance to pick out top talent while providing feedback to help every employee set and achieve goals. Managers can build compensation programs to reward top performers, and budget modeling keeps all your numbers in line.
- Workforce Planning: Using this feature, companies can combat talent shortages by strategically preparing for the future. Modeling and analysis features provide insight into financials and scenario-based outcomes. And with headcount planning, HR receives the information necessary to guide hiring plans.
- HR Analytics: SuccessFactors HR helps make sense of your company’s data and keep tabs on critical elements such as performance, turnover, diversity and more. Stay on par with peers with benchmarking capabilities and thoroughly analyze any HR data as broadly or narrowly as needed. Dashboards and reports allow users to explore data to pick out issues and understand trends.
- Doesn’t support data synchronization with other systems
- Complex implementation process that costs 2 to 3 times the cost of the software
- UI isn’t intuitive and doesn’t fully support the data import feature
- Doesn’t provide a drag-and-drop interface
- No light and updated version for mobile available
SuccessFactors HR Suite Support
Cost of Ownership for SuccessFactors HR
|License/Subscription Cost||Based on recurring subscription fee model – per user, per year|
|Maintenance Cost||Included in subscription cost|
|Customization Cost||Dependent on functional requirements and specific needs of the organization|
|Data Migration Cost/Change Management/Upfront Switching Cost||Will vary depending on your current software, amount of data to be migrated, complexity of the data fields, level of automation and data migration tools to be utilized for transfer of data from the old to the new software|
|Recurring/Renewal Costs||Recurring subscription fees is charged, which typically includes maintenance, monitoring, upgrades, training and support to the end-user|