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

SAP Term: revalue

• Component: PA-CM

• Component Name: Compensation Management

• Description: Function that enables you to increase or reduce an already recorded budget value by an amount, a percentage, or both.

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• Key Concepts: 
  Revalue is a feature in SAP's Compensation Management (PA-CM) module that allows users to adjust the value of a compensation element. This adjustment can be done manually or automatically, depending on the user's preference. The revalue feature is used to ensure that compensation elements remain up-to-date with market trends and changes in the organization's compensation structure.
  
  How to use it: 
  To use the revalue feature, users must first select the compensation element they wish to adjust. Once selected, users can enter the new value for the element and save their changes. The revalue feature can also be set up to run automatically on a regular basis, allowing users to keep their compensation elements up-to-date without having to manually adjust them each time.
  
  Tips & Tricks: 
  When using the revalue feature, it is important to remember that any changes made will affect all employees who are associated with the compensation element. Therefore, it is important to ensure that any changes made are in line with the organization's overall compensation strategy. Additionally, it is important to keep track of any changes made so that they can be easily reversed if necessary.
  
  Related Information: 
  For more information on SAP's Compensation Management module and its features, please refer to SAP's official documentation or contact your local SAP representative. Additionally, there are many online resources available that provide detailed tutorials and tips on how to use SAP's Compensation Management module.