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

direct compensation - Overview

• Component: LOD-SF-CMP

• Component Name: Compensation Management

• Description: The pay and other benefits granted to a specific employee.

direct compensation - Details

• 
  Key Concepts: 
  Direct compensation is a feature of SAP's Compensation Management component that allows for the direct payment of employee salaries and bonuses. It enables companies to quickly and accurately pay their employees, as well as track and manage their compensation data. 
  How to Use It: 
  Direct compensation can be used to set up salary and bonus payments for employees. It allows companies to easily manage their compensation data, including salary and bonus amounts, payment dates, and other related information. The system also provides a comprehensive view of employee compensation data, allowing for easy tracking and analysis. 
  
  Tips & Tricks: 
  When setting up direct compensation payments, it is important to ensure that all relevant information is accurate and up-to-date. This includes employee salary and bonus amounts, payment dates, and other related information. Additionally, it is important to regularly review the system to ensure that all payments are being made correctly. 
  
  Related Information: 
  For more information on SAP's Compensation Management component, please visit the official SAP website at https://www.sap.com/products/compensation-management.html. Additionally, there are a number of online resources available that provide detailed information on how to use the system, as well as tips and tricks for getting the most out of it.