What is granting in SAP PA-CM - Compensation Management?

SAP Term: granting

• Component: PA-CM

• Component Name: Compensation Management

• Description: A means of rewarding employees by issuing a certain number of long-term awards according to his/her position, organizational unit or personnel subarea.

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• Key Concepts: 
  Granting is a process in SAP PA-CM Compensation Management that allows an organization to assign compensation to employees. This process involves setting up a compensation plan, assigning the plan to employees, and then granting the compensation to the employees. The granting process can be done manually or automatically. 
  
  How to use it: 
  To grant compensation in SAP PA-CM Compensation Management, first create a compensation plan. This plan should include the type of compensation, the amount of compensation, and any other relevant details. Once the plan is created, assign it to the appropriate employees. Finally, grant the compensation to the employees by entering the amount of compensation and any other relevant details into the system. 
  
  Tips & Tricks: 
  When granting compensation in SAP PA-CM Compensation Management, it is important to ensure that all relevant details are entered correctly. This includes the type of compensation, the amount of compensation, and any other relevant details. Additionally, it is important to ensure that all employees are assigned the correct compensation plan. 
  
  Related Information: 
  For more information on granting in SAP PA-CM Compensation Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP PA-CM Compensation Management.