What is customized weighted rating in SAP LOD-SF-PM - Performance Management?

SAP Term: customized weighted rating

• Component: LOD-SF-PM

• Component Name: Performance Management

• Description: An overall value that is calculated based on the ratings from performance review roles and the customized rating weights of each role.

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• Key Concepts: 
  Customized weighted rating is a feature of the SAP Performance Management (LOD-SF-PM) module that allows users to assign weights to different criteria when evaluating performance. This allows for more accurate and tailored evaluations, as the user can assign different weights to different criteria depending on the situation. 
  
  How to use it: 
  To use customized weighted rating, users must first define the criteria they wish to evaluate. This can include anything from customer service skills to technical knowledge. Once the criteria have been defined, users can assign weights to each criterion. The weights should reflect the importance of each criterion in relation to the overall evaluation. Finally, users can use the weighted ratings to evaluate performance and generate reports. 
  
  Tips & Tricks: 
  When assigning weights, it is important to consider the context of the evaluation. For example, if customer service skills are more important than technical knowledge in a particular situation, then customer service skills should be given a higher weight than technical knowledge. Additionally, it is important to ensure that all criteria are given an appropriate weight; if one criterion is given too much weight, it could skew the results of the evaluation. 
  
  Related Information: 
  For more information on customized weighted rating in SAP Performance Management (LOD-SF-PM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.