What is 'matrix guideline' in SAP PA-CM - Compensation Management?

matrix guideline - Overview

• Component: PA-CM

• Component Name: Compensation Management

• Description: A guideline type based on multiple criteria, such as age, performance, length of service and compa-ratio.

matrix guideline - Details

• 
  Key Concepts: 
  Matrix guideline is a feature of the SAP PA-CM Compensation Management component. It allows users to define a matrix of compensation guidelines for different employee groups. The matrix can be used to set up different compensation levels for different employee groups, such as seniority, job level, and performance. 
  
  How to use it: 
  Matrix guideline can be used to set up different compensation levels for different employee groups. To do this, users must first define the matrix of compensation guidelines for each employee group. This includes setting up the criteria for each group, such as seniority, job level, and performance. Once the matrix is defined, users can then assign different compensation levels to each group based on their criteria. 
  
  Tips & Tricks: 
  When setting up the matrix of compensation guidelines, it is important to consider the needs of each employee group. For example, if an employee group has higher performance requirements than another group, they should be given a higher compensation level. Additionally, it is important to ensure that the matrix is updated regularly to reflect any changes in the criteria or compensation levels. 
  
  Related Information: 
  For more information on using matrix guideline in SAP PA-CM Compensation Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.