Solution Streamlines Planning Processes Enabling Companies of All Sizes to Create Pay-for-Performance Cultures
SAN MATEO, Calif. – September 22, 2008 — SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in on-demand performance and talent management solutions, is the market leader in delivering solutions for companies of all sizes to create pay-for-performance initiatives while streamlining compensation planning processes. An integrated module in the SuccessFactors Performance and Talent Management suite, Compensation Management effectively enables companies to make better compensation decisions based on understanding individual performance. SuccessFactors currently has nearly 900 global customers and nearly one million end users deployed on its Compensation Management solution.
SuccessFactors Compensation Management ensures organizations reward employees on a consistent basis using guideline rules and workflows, while providing management visibility into potential trouble spots with color coded charts and flags so salary raises, bonuses, and stock increases are allocated based on performance. As a result, high performers get recognized for their efforts and remain engaged and motivated, while under-performers get the message that they need to improve. Leveraging the single code base uniquely delivered by SuccessFactors for true cross-module integration, the Compensation Management module relieves the burden of inefficient, disjointed spreadsheet files emailed throughout the organization, providing leaders the tools they need to make and execute against compensation decisions quickly.
“Today, more than ever, companies are turning to SuccessFactors to optimize their workforces in new and different ways,” said Lars Dalgaard, founder, president and chief executive officer of SuccessFactors. “In talking with executives across our customer base, they knew high performers existed in their organizations, but routinely missed opportunities to properly reward those key contributors. We easily solve this, which is why the SuccessFactors suite is the go-to hub for business leaders. We deliver the immediate and measurable results for companies of all sizes to increase business productivity.”
Customers of All Sizes and Industries Embrace Compensation Management
Nokia Siemens Network one of the world’s largest network communications companies with 60,000 employees, uses SuccessFactors’ compensation module to cover 97 countries and 70 currencies, 900 merit guidelines and more than 5,000 salary matrices to correctly reward individual effort based on performance.
Direct Energy: Corporate Alignment Tied to Compensation
With the help of SuccessFactors Compensation Management and other integrated SuccessFactors modules, Direct Energy, one of the largest energy and energy-related service providers in North America, has streamlined its HR functionality and initiated processes to align goals, increase productivity and measure and compensate employees appropriately based on performance. The multinational corporation uses SuccessFactors software to get a clear picture of its talent pool and align corporate goals with individual goals for consistency between departments, offices and countries.
“Implementing SuccessFactors across our entire company helped us eliminate a lot of delays in our HR processes and streamline and standardize our talent management process,” said Janice Thomson, EVP of HR and communications for Direct Energy. “By focusing squarely on our employees’ performance, we were able to get a complete picture of the skills and competencies of our workforce and tie that information into both individual and company-wide goals as well as use it to implement our compensation plan.”
DTS: SMB Company Drives Pay-for-Performance Culture
DTS, Inc. (NASDAQ: DTSI) is a high performance technology company dedicated to delivering pure and uncompromised audio that enhances the consumers’ total entertainment experience. DTS technologies are incorporated into an array of entertainment systems, including home theatre, car audio, PC and game console products. DTS Surround Sound is also a standard on all Blu-ray disc players and is quickly becoming the audio format of choice on many Blu-ray disc titles. The company has nearly 200 employees around the world, with offices in the U.S., France, Japan and China. As DTS continued to grow, it realized proprietary systems for managing its global workforce were inadequate, especially as it looked to align corporate culture and vision with tangible goals. In deploying SuccessFactors Professional Edition, DTS has best-in-class compensation management practices to accurately align pay with performance, saving time and money.
Sharon Faltemier, senior vice president of HR at DTS, said, “SuccessFactors is integrated into our culture and daily practices, helping us address two key areas, goals and compensation. We use the system for all bonuses, promotions, and special adjustments, allocating merits based strictly on individual performance against objectives, and it saves us about two to three weeks of time we used to spend on compensation calculations. SuccessFactors also helps drive our quarterly leadership team meetings between C-level executives, directors, and managers, in reviewing our goals and progress.”
The SuccessFactors Performance and Talent Management Suite, which includes Performance Management, Goal Management, 360 Degree Reviews, Succession Management, Compensation Management, Learning and Development, Recruiting Management, Employee Profile, and Analytics and Reporting applications, creates a company-wide network of information related to employee performance, including skill-sets, interests, career aspirations, ability to relocate, experience, languages spoken and more. By providing deep, real-time, company-wide visibility into such critical performance data, companies are able to make better, more informed decisions about how to promote, recruit, compensate, reward and manage their entire employee base.
About SuccessFactors, Inc.
SuccessFactors is one of the fastest growing public software companies and the leading provider of on-demand employee performance and talent management solutions. The company enables organizations of every size, and across every industry and geography, to achieve high-performing workforces through goal alignment and execution, talent development and planning, and pay-for-performance initiatives. From 92 customers and approximately 282,000 end users in 2003 to more than 2,140 customers and 4 million end users today, SuccessFactors’ solutions are widely deployed across 60 industries in over 185 countries in 22 languages. Founded in 2001 with offices around the world, the company employs more than 700 people, all passionately focused on revolutionizing the future of work. For more information, visit: http://www.successfactors.com.
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