What is 'average salary' in SAP EPM-NOV-SWP - Percipient?

average salary - Overview

• Component: EPM-NOV-SWP

• Component Name: Percipient

• Description: Weighted average of the individual salary.

average salary - Details

• 
  Key Concepts: 
  Average salary is a term used in SAP's EPM-NOV-SWP Percipient component to refer to the average salary of a group of employees. It is calculated by taking the total salary of all employees in the group and dividing it by the number of employees in the group. 
  
  How to use it: 
  Average salary can be used to compare salaries between different groups of employees. It can also be used to determine the average salary for a particular job or position. Additionally, it can be used to identify trends in salaries over time. 
  
  Tips & Tricks: 
  When calculating average salary, it is important to consider factors such as experience, education, and other qualifications that may affect an employee's salary. Additionally, it is important to consider any bonuses or other forms of compensation that may be included in an employee's total salary. 
  
  Related Information: 
  Average salary is related to other terms such as median salary and mean salary. Median salary is calculated by taking the middle value of a group of salaries, while mean salary is calculated by taking the sum of all salaries and dividing it by the number of salaries.