What is pay range in SAP LOD-SF-EC - Employee Central?

SAP Term: pay range

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: The definition of the minimum, midpoint, and maximum pay for a job. It is associated with a pay grade.

Smart SAP Assistant

• Key Concepts: 
  Pay range is a feature of SAP’s Employee Central module that allows employers to define a range of salaries for each job position. This range is used to determine the salary of an employee when they are hired or promoted. The pay range is based on the job position and the employee’s experience and qualifications.
  
  How to use it: 
  To use the pay range feature, employers must first define the salary range for each job position. This can be done by setting a minimum and maximum salary for each job position. Once the pay range has been set, employers can then use it to determine the salary of an employee when they are hired or promoted.
  
  Tips & Tricks: 
  When setting up a pay range, employers should consider factors such as the job position, the employee’s experience and qualifications, and the current market rate for similar positions. This will help ensure that employees are paid fairly and competitively.
  
  Related Information: 
  For more information on SAP’s Employee Central module, please visit https://www.sap.com/products/employee-central.html.