What is merit in SAP LOD-SF-EC - Employee Central?

SAP Term: merit

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: An increase in an employee's base rate or base salary, reflecting that employee's performance or an attribute of his or her job.

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• Key Concepts: 
  Merit is a feature in SAP’s Employee Central module that allows managers to recognize and reward employees for their performance. Merit awards are typically given in the form of monetary bonuses, but can also include non-monetary rewards such as additional vacation days or recognition awards. Merit awards are typically based on an employee’s performance over a certain period of time, such as a quarter or year. 
  
  How to Use It: 
  To use the Merit feature, managers must first set up a merit plan. This plan should include criteria for awarding merit, such as performance goals or objectives that must be met in order to receive a merit award. Once the plan is set up, managers can then award merits to employees who meet the criteria. Merits can be awarded in the form of monetary bonuses, non-monetary rewards, or both. 
  
  Tips & Tricks: 
  When setting up a merit plan, it is important to consider the impact that awarding merits will have on employee morale and motivation. Merits should be awarded fairly and consistently in order to ensure that employees feel valued and appreciated for their hard work. Additionally, it is important to ensure that the criteria for awarding merits are clear and easily understood by all employees. 
  
  Related Information: 
  For more information on setting up and using the Merit feature in SAP’s Employee Central module, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/LOD_SF_EC/latest/en-US/f9f8d7a2b3e14c8a9f3d7c6b2f5e4d1a.html