How SAP SuccessFactors Helps HR Solve
Turnover & Payroll Issues

The Society for Human Resource Management (SHRM), a trade and advocacy organization, estimates an average cost per hire to be around $4700, and with the U.S. Bureau of Labor Statistics reporting, industries such as hospitality endure turnover rates as high as 79%, challenging employers to seek new turnover mitigation strategies and augment their HR departments to respond to evolving business landscapes.

The U.S. labor force experienced an unprecedented shift in 2021-2022, as more than 50 million U.S. workers voluntarily left their jobs, which was universally termed ‘The Great Resignation.,’ as reported by Statista and the U.S. Department of Labor. Today, employers are leveraging enhanced technology such as SAP SuccessFactors to reduce turnover and augment human resources departments to attract and retain talent, automate processes, and streamline workflow processes to reduce expenses and optimize operations.

What are the Features of SAP SuccessFactors?

Functions and objectives of human resources have certainly expanded throughout the years and with businesses expanding the scope of operations and broadening the search for qualified applicants, we see a greater need for customized software solutions to augment HR personnel and successfully bring these goals to fruition.

Primary SAP SuccessFactors features to augment HR include:

Employee Management

SAP SuccessFactors automates several employee management and onboarding processes, including deployment of individualized dashboards to expedite onboarding with efficient form completion and customized employee training to ensure standardized support.

Employee Payroll Monitoring

Paycom, a leading payroll processing company reported payroll errors can significantly cost companies, with researching stating the average cost per payroll error is $291, with a potential annual cost of $1 million for a 1,000 employee business. SAP SuccessFactors automates several critical payroll processes by accurately computing deductions, calculating payments, and managing tax claims while eliminating costly manual data entries. Simplify global payrolls with SAP’s centralized payroll management and data-driven reporting with real-time monitoring to augment personnel with task completion.

Recruiting

Attracting the right talent and talent retention continues to vex today’s employers as competition to fill roles remains strong thanks to remote work opportunities that have expanded the talent pool. But what are the repercussions for improper talent vetting? The U.S. Department of Labor estimates a bad hire may cost a company up to 30% of the employee’s first-year earnings and SHRM reports 80% of employee turnover can be attributed to improper hiring decisions.

SAP SuccessFactors’ Recruiting Module identifies applicants utilizing data processing to empower HR personnel with actionable insights to make employment decisions based on previous applicant outcomes by efficiently computing job retention analysis, previous employment history and longevity and assess critical skills to successfully match candidates with vacancies.

Performance Tracking

Ensuring the right candidate remains productive and works efficiently remains a critical metric for HR recruitment success. SAP SuccessFactors can be utilized to assess employee performance with data-based benchmarks and create individualized achievement benchmarks. Utilizing SAP’s advanced reporting and analytics help managers and HR professionals make informed, data-driven decisions during employee performance reviews.

What are the Benefits of SAP SuccessFactors?

SAP SuccessFactors offers today’s HR personnel intuitive resources to streamline workflows and reduce expenses. Zalaris, a leading HR and payroll solutions services provider and industry analyst surveyed companies and reported leveraging SAP resources increased HR operational efficiency by 58%.

Chetu is a certified SAP developer and designs individualized strategies leveraging SuccesssFactors to optimize HR operations. Working to enhance analytics, our software experts customize SAP SuccessFactors to further augment HR attract and retain the right talent, while creating individualizing trainings to ensure continued employee success by creating actionable insights based on accurate data capture and processing.

Human Capital Management (HCM) remains a lucrative and versatile market, with Fortune Business Insights reporting global market share for HCM software resources exceeding $31 billion in 2024.

Modernizing HR with SAP Integration Strategies

Chetu’s integration specialists provide expedient adoption of SAP resources to your daily workflow, with no costly interruptions. Our support services team offer proactive system updates, monitoring, and troubleshooting to ensure optimal SAP SuccessFactors performance, beyond the initial project lifecycle.

Human Resources is often deemed the foundation for a company’s operations and dramatically shifting labor landscapes demand a tech-based strategy to respond to evolving business needs. Chetu’s business intelligence consultants are available to design individualized strategies leveraging SAP to optimize workflows and modernize HR.