What is payroll key figure in SAP LOD-SF-ECPAY - SuccessFactors Employee Central Payroll?

SAP Term: payroll key figure

• Component: LOD-SF-ECPAY

• Component Name: SuccessFactors Employee Central Payroll

• Description: Provides an overview of main payroll results, which are aggregated according to customer's requirements. For example: Local Tax,Federal Tax and State Tax are accumulated to "Taxes".

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• Key Concepts: 
  Payroll key figures are numerical values that are used to calculate payroll costs. They are used to track employee wages, salaries, bonuses, and other payroll-related expenses. They are also used to calculate taxes and deductions. 
  
  How to use it: 
  In SAP SuccessFactors Employee Central Payroll, payroll key figures are used to define the payroll calculation rules. They can be used to define the wage types, salary components, and deductions that will be included in the payroll calculation. They can also be used to define the tax rates and other parameters that will be used in the calculation. 
  
  Tips & Tricks: 
  When setting up payroll key figures, it is important to ensure that they are accurate and up-to-date. This will ensure that the payroll calculations are accurate and that employees receive the correct amount of pay. It is also important to ensure that all relevant taxes and deductions are included in the calculation. 
  
  Related Information: 
  For more information on setting up payroll key figures in SAP SuccessFactors Employee Central Payroll, please refer to the official documentation available on the SAP website.