What is compensation administrator in SAP LOD-SF-CMP - Compensation Management?

SAP Term: compensation administrator

• Component: LOD-SF-CMP

• Component Name: Compensation Management

• Description: The user who sets up and maintains the compensation data, plans, and forms.

Smart SAP Assistant

• Key Concepts: 
  A compensation administrator is a user role in SAP’s Compensation Management component. This role is responsible for managing the compensation process, including setting up compensation plans, creating and managing compensation packages, and monitoring the progress of the process. The compensation administrator also has access to reports and analytics to help them make informed decisions about the compensation process. 
  
  How to use it: 
  The compensation administrator can use the Compensation Management component to set up and manage compensation plans, create and manage compensation packages, and monitor the progress of the process. They can also access reports and analytics to help them make informed decisions about the compensation process. 
  
  Tips & Tricks: 
  When setting up a new compensation plan, it is important to consider the goals of the organization and how they will be achieved through the plan. It is also important to consider how the plan will be communicated to employees so that they understand their roles in achieving the goals. 
  
  Related Information: 
  For more information on SAP’s Compensation Management component, please visit https://help.sap.com/viewer/product/LOD-SF-CMP/latest/en-US.