What is waiting period in SAP PA-CM - Compensation Management?

SAP Term: waiting period

• Component: PA-CM

• Component Name: Compensation Management

• Description: The period defined as the time an employee must wait to receive a long-term incentive LTI.

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• Key Concepts: 
  A waiting period is a period of time that must pass before an employee can become eligible for certain benefits or compensation. In SAP's Compensation Management (PA-CM) component, a waiting period is used to define the length of time an employee must wait before they can receive a bonus or other form of compensation. 
  
  How to use it: 
  In SAP's Compensation Management (PA-CM) component, a waiting period is used to define the length of time an employee must wait before they can receive a bonus or other form of compensation. The waiting period can be set up in the system by entering the start date and end date for the waiting period. The system will then calculate the length of time between the two dates and apply it to the employee's compensation package. 
  
  Tips & Tricks: 
  When setting up a waiting period in SAP's Compensation Management (PA-CM) component, it is important to ensure that the start and end dates are accurate. This will ensure that the system calculates the correct length of time for the waiting period and that employees receive their bonuses or other forms of compensation on time. 
  
  Related Information: 
  SAP's Compensation Management (PA-CM) component also allows for other types of waiting periods, such as probationary periods and vesting periods. These types of waiting periods are used to define when an employee can become eligible for certain benefits or compensation packages. It is important to understand how these different types of waiting periods work in order to ensure that employees receive their bonuses or other forms of compensation on time.