What is valuation result factor in SAP LOD-SF-EC - Employee Central?

SAP Term: valuation result factor

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: A factor used in calculating 'time off in lieu' entitlements for employees, deriving how many hours of time off in lieu entitlements are are created for each hour of overtime calculated by the time valuation engine. The valuation result factor is applied to a time valuation result for overtime base pay or overtime premiums before such time off in lieu entitlements are posted to the employee's time account.

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• Key Concepts: 
  Valuation result factor is a feature in SAP Employee Central that allows users to calculate the value of a given employee’s compensation package. This calculation is based on the employee’s salary, benefits, and other factors. The valuation result factor is used to determine the total value of an employee’s compensation package and can be used to compare different packages.
  
  How to use it: 
  To use the valuation result factor, users must first enter the employee’s salary and benefits into SAP Employee Central. Once this information is entered, the system will calculate the total value of the employee’s compensation package. This calculation is based on the employee’s salary, benefits, and other factors. The valuation result factor can then be used to compare different packages and determine which one is more valuable.
  
  Tips & Tricks: 
  When using the valuation result factor, it is important to remember that it only takes into account the salary and benefits of an employee. Other factors such as job performance or experience may also affect the total value of an employee’s compensation package. Therefore, it is important to consider these factors when making comparisons between different packages.
  
  Related Information: 
  For more information about SAP Employee Central and its features, please visit the official SAP website at https://www.sap.com/products/employee-central.html. Additionally, there are many online resources available that provide detailed information about SAP Employee Central and its features.