SAP Delivers New Innovations to Build Future-Ready, Sustainable Workforces

Rhea-AI Summary

SAP SE has announced enhancements to its SuccessFactors Human Experience Management (HXM) Suite during the SuccessConnect event on Sept. 13, 2022. Key features include a skills ontology for continuous skill identification, a growth portfolio for employee attributes, and the introduction of dynamic teams for improved collaboration. These innovations aim to align talent with organizational needs and foster a sense of belonging through features like chosen names and personal pronouns. The updates will be available in Q4 2022.

Positive

• Introduction of skills ontology for identifying employee skills.
• Launch of growth portfolio to enhance employee attributes and aspirations.
• Dynamic teams feature promoting collaboration beyond traditional structures.
• Focus on fostering belonging with chosen names and personal pronouns.

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• None.

Advancements to SAP SuccessFactors Human Experience Management Suite Transform Talent Development for the Future of Work

WALLDORF, Germany, Sept. 13, 2022 /PRNewswire/ -- Today at the SuccessConnect event, SAP SE (NYSE: SAP) announced new advancements to the foundation of the SAP SuccessFactors Human Experience Management (HXM) Suite to create a powerful way for organizations to execute an integrated talent development strategy and create a future-ready workforce.

Organizations thrive when their people are engaged in their careers, properly skilled, aligned to the right opportunities and have a sense of belonging. However, many organizations struggle to gain a holistic view of the skills that exist within their workforce or the ambitions of their people. The latest advancements to the SAP SuccessFactors HXM Suite bring together data, machine learning and artificial intelligence (AI) to provide organizations with a better understanding of the capabilities within their workforce and actionable talent intelligence to align their people with the needs of the organization.

The following advancements will be available in 2H 2022:

• Skills ontology uses machine learning and automation to continuously identify an employee's skills based on their role, responsibilities, experiences and accomplishments, providing a holistic view of an organization's skills on a global scale.
• Growth portfolio is a dynamic library of employee attributes, including skills, strengths, workstyles, passions and aspirations – bringing the whole self model to life.
• Dynamic teams is a new capability that enables organizations to create, track, measure and optimize the outcomes of teams that exist beyond traditional hierarchies. Organizations that use the SAP SuccessFactors Performance & Goals solution can add objective key results (OKRs) to dynamic teams to track progress and measure success. Additionally, employees and dynamic teams are matched based on what people know, not who they know, using machine learning and AI within the SAP SuccessFactors Opportunity Marketplace solution to make personal growth more equitable.

Together with SAP SuccessFactors Opportunity Marketplace, these innovations deliver the intelligence and adaptability needed to help build workforces that are more skilled, agile and equitable. Growth portfolio and skills ontology provide talent intelligence to individualize recommendations within SAP SuccessFactors Opportunity Marketplace that are reflective of each person's whole self, not just their skills. The introduction of dynamic teams cuts across traditional structures to support work based on skills rather than job descriptions – helping organizations build diverse teams that can drive better outcomes while accelerating career growth and personal development through hands-on experiences.

"Building on our heritage in talent management, we are reimagining how organizations manage and develop their people to meet the emerging demands of the future of work," said Meg Bear, president and chief product officer, SAP SuccessFactors. "When people have the opportunity to work on what they're passionate about, they are more engaged, perform at a higher level and push the organization to deliver outsized business results."

"SAP has created a system for managing the organization of the future, today," said Josh Bersin, global industry analyst. "The new architecture and capabilities in SAP SuccessFactors represent a quantum leap forward in delivering what organizations need to manage, grow and enable their people and teams."

Integrating the talent intelligence and growth acceleration delivered by these new innovations with the critical HR applications of the SAP SuccessFactors HXM Suite provides a complete talent development system – purpose-built for organizations to help create future-ready, sustainable workforces.

Improve Belonging With Chosen Names and Personal Pronouns
For talent development to be sustainable and impactful, organizations need to foster a sense of belonging. Empowering people to bring their whole selves to work starts with identity. SAP SuccessFactors users can now indicate their chosen name and personal pronouns on their public profile – enabling them to own how they show up and be recognized as their true selves at work.

Chosen names and personal pronouns will be generally available for all SAP SuccessFactors customers in Q4 2022. Skills ontology, growth portfolio and dynamic teams will be available as early adopter in Q4 2022.

Learn more at the SuccessConnect Virtual Event. Follow SAP on Twitter at @SAPNews.

About SAP

SAP's strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2021 Annual Report on Form 20-F.

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FAQ

What are the new features introduced by SAP in its SuccessFactors HXM Suite?

SAP introduced skills ontology, growth portfolio, and dynamic teams to enhance talent development.

When will the new functionalities of SAP's SuccessFactors HXM Suite be available?

These functionalities are expected to be available in Q4 2022.

How does SAP's HXM Suite improve employee engagement?

The HXM Suite aligns employee skills with organizational needs and fosters a sense of belonging.

What event did SAP announce its advancements in the SuccessFactors HXM Suite?

SAP announced advancements during the SuccessConnect event on September 13, 2022.

What is the purpose of the dynamic teams feature in SAP's HXM Suite?

Dynamic teams enable organizations to create and optimize collaboration beyond traditional hierarchies.