What is 'compensation model' in SAP PA-BN - Benefits?

compensation model - Overview

• Component: PA-BN

• Component Name: Benefits

• Description: A set of wage types that represents one of the following amounts relating to employees: Earnings Working hours

compensation model - Details

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  Key Concepts: 
  The compensation model in SAP PA-BN Benefits is a tool used to define the rules and parameters for calculating employee compensation. It allows users to define the components of an employee’s salary, such as base pay, bonuses, and other benefits. The model also allows users to set up rules for how these components are calculated and how they are affected by changes in the employee’s job or other factors.
  
  How to use it: 
  The compensation model in SAP PA-BN Benefits is used to define the rules and parameters for calculating employee compensation. To use the model, users must first define the components of an employee’s salary, such as base pay, bonuses, and other benefits. Then, users must set up rules for how these components are calculated and how they are affected by changes in the employee’s job or other factors. Finally, users must enter the data into the system and run the model to generate a report that shows the results of the calculations.
  
  Tips & Tricks: 
  When setting up a compensation model in SAP PA-BN Benefits, it is important to ensure that all of the components of an employee’s salary are accurately defined and that all of the rules for how these components are calculated are correctly set up. Additionally, it is important to review the results of the calculations regularly to ensure that