What is pay multiplier in SAP IS-R-WFM - Retail Workforce Management?

SAP Term: pay multiplier

• Component: IS-R-WFM

• Component Name: Retail Workforce Management

• Description: The multiple by which a pay-rate is increased. For example, a multiple of two results in the pay-rate being doubled.

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• Key Concepts: 
  Pay multiplier is a feature of SAP IS-R-WFM Retail Workforce Management that allows employers to adjust the pay rate of employees based on their performance. It is used to reward employees for their hard work and dedication, and to motivate them to continue to strive for excellence. The pay multiplier can be set to any value between 0 and 1, with 1 being the highest rate of pay. 
  
  How to use it: 
  To use the pay multiplier feature, employers must first set up the parameters for the multiplier. This includes setting the minimum and maximum values, as well as the criteria for when the multiplier should be applied. Once these parameters are set, employers can then adjust the pay rate of individual employees based on their performance. 
  
  Tips & Tricks: 
  When setting up the pay multiplier parameters, it is important to ensure that they are fair and reasonable. Employers should also consider how often they will be adjusting the pay rate of employees, as this could have an impact on morale and motivation. 
  
  Related Information: 
  The pay multiplier feature is just one of many features available in SAP IS-R-WFM Retail Workforce Management. Other features include employee scheduling, time tracking, and attendance tracking. Employers should consider all of these features when deciding which software solution is best for their business needs.