What is nullification type in SAP PA-CM - Compensation Management?

SAP Term: nullification type

• Component: PA-CM

• Component Name: Compensation Management

• Description: A type of nullification of granted awards such as expiration, forfeiture or cancellation.

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• Key Concepts: 
  Nullification type is a feature in SAP's Compensation Management (PA-CM) module that allows users to reverse or cancel out a previously made compensation adjustment. This feature is useful for correcting mistakes or for making changes to an employee's compensation package. 
  
  How to use it: 
  To use the nullification type feature, users must first select the appropriate compensation adjustment type in the PA-CM module. Then, they must enter the details of the adjustment, such as the amount and date of the adjustment. Finally, they must select the nullification type from the drop-down menu. 
  
  Tips & Tricks: 
  When using the nullification type feature, it is important to double-check all of the details of the adjustment before submitting it. This will help ensure that any mistakes are corrected before they become permanent. Additionally, it is important to keep track of all adjustments made with the nullification type feature, as this will help ensure that all adjustments are accounted for. 
  
  Related Information: 
  For more information on using the nullification type feature in SAP's Compensation Management module, please refer to SAP's official documentation on PA-CM. Additionally, there are many online resources available that provide detailed tutorials and step-by-step instructions on how to use this feature.