What is budget relationship in SAP PA-CM - Compensation Management?

SAP Term: budget relationship

• Component: PA-CM

• Component Name: Compensation Management

• Description: Relationship between budget units, which you use to build up a hierarchical budget structure.

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• Key Concepts: 
  Budget relationship is a feature of SAP’s PA-CM Compensation Management component. It allows users to define relationships between different budget items, such as salary, bonus, and other compensation elements. This helps to ensure that the total budget for a given employee or group of employees is within the desired range. 
  
  How to use it: 
  To use the budget relationship feature, users must first define the budget items they wish to relate. This can be done by entering the budget item name, description, and amount. Once the budget items have been defined, users can then create relationships between them. This can be done by selecting the “Create Relationship” option from the menu and then selecting the two budget items they wish to relate. 
  
  Tips & Tricks: 
  When creating budget relationships, it is important to remember that each relationship must be mutually exclusive. This means that if one budget item is related to another, then the other cannot be related to any other budget item. Additionally, it is important to ensure that all budget items are within the desired range before creating any relationships. 
  
  Related Information: 
  For more information on SAP’s PA-CM Compensation Management component and its features, please refer to SAP’s official documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this component effectively.