What is salary range width in SAP PA-CM - Compensation Management?

SAP Term: salary range width

• Component: PA-CM

• Component Name: Compensation Management

• Description: The width or spread of a salary range, measured by the ratio: Width = maximum pay - minimum pay/minimum pay.

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• Key Concepts: 
  Salary range width is a feature of SAP’s Compensation Management (PA-CM) component. It is used to define the minimum and maximum salary for a particular job position. This range is used to ensure that employees are paid fairly and competitively for their work. 
  
  How to use it: 
  To set up salary range width in SAP, you must first define the job position in the system. Once the job position is defined, you can then set the minimum and maximum salary for that position. This range will be used to determine the salary of any employee who holds that job position. 
  
  Tips & Tricks: 
  When setting up salary range width in SAP, it is important to consider the current market rate for similar positions. This will help ensure that your employees are paid fairly and competitively. Additionally, it is important to review and update salary ranges regularly to ensure they remain competitive. 
  
  Related Information: 
  For more information on setting up salary range width in SAP, please refer to the official SAP documentation on Compensation Management (PA-CM). Additionally, there are many online resources available that provide helpful tips and tricks for setting up salary ranges in SAP.