What is Executive Review in SAP LOD-SF-CMP - Compensation Management?

SAP Term: Executive Review

• Component: LOD-SF-CMP

• Component Name: Compensation Management

• Description: A feature that allows users with access permissions to view compensation data by hierarchy or by certain filters. Such access is usually given to higher level managers so that they can view the aggregate budget and allocation for the entire organization under them and make adjustments.

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• Key Concepts: 
  Executive Review is a feature of the SAP Compensation Management component that allows managers to review and approve compensation plans for their employees. It provides an overview of the employee's current compensation plan, as well as any proposed changes. The manager can then approve or reject the changes, and the system will automatically update the employee's compensation plan accordingly. 
  
  How to Use It: 
  To use Executive Review, managers must first log into the SAP system and navigate to the Compensation Management component. From there, they can select the “Executive Review” option from the menu. This will open a page with an overview of the employee's current compensation plan, as well as any proposed changes. The manager can then review and approve or reject the changes. Once approved, the system will automatically update the employee's compensation plan accordingly. 
  
  Tips & Tricks: 
  When using Executive Review, it is important to ensure that all proposed changes are thoroughly reviewed before approving them. This will help ensure that any changes made are in line with company policies and procedures. Additionally, it is important to keep track of any changes made so that they can be easily referenced in the future if needed. 
  
  Related Information: 
  For more information on Executive Review, please refer to SAP's official documentation on Compensation Management. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.