What is default plan in SAP PA-BN - Benefits?

SAP Term: default plan

• Component: PA-BN

• Component Name: Benefits

• Description: A plan in which employees can be enrolled before they communicate their benefits elections to the benefits office. Default plans typically provide short-term coverage to new hires and therefore often allow little flexibility to the employee regarding the plan terms.

Smart SAP Assistant

• Key Concepts: 
  Default plan is a feature of the SAP PA-BN Benefits component. It allows an employer to set up a default plan for their employees, which will be automatically applied to all new hires. This plan can include benefits such as health insurance, retirement savings, and other employee benefits. 
  
  How to use it: 
  To set up a default plan, an employer must first create a plan template in the SAP PA-BN Benefits component. This template will contain all of the details of the plan, such as the type of benefits offered and the cost associated with each benefit. Once the template is created, it can be applied to all new hires automatically. 
  
  Tips & Tricks: 
  When creating a default plan, it is important to consider the needs of your employees. Make sure that the benefits offered are appropriate for their job roles and that they are competitive with other employers in your industry. Additionally, make sure that the cost associated with each benefit is reasonable and affordable for your employees. 
  
  Related Information: 
  For more information on setting up a default plan in SAP PA-BN Benefits, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to set up a default plan in SAP PA-BN Benefits.