What is age data in SAP PA-EC - Enterprise Compensation Management?

SAP Term: age data

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: Aging data is a common practice of taking salary survey data from a survey provider with a specific effective date and multiplying it by a pay movement factor to bring the data forward to either today's or a future date. For example, assume that pay movement or pay increases are averaging 3% a year. If you use a salary data point from a source with an effective date of one year ago, you should increase that number by 3%.

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• Key Concepts: 
  Age data is a component of the SAP Enterprise Compensation Management (PA-EC) module. It is used to store and manage employee age information, such as birth date, age, and retirement date. This data is used to calculate employee compensation and benefits, as well as to track employee age-related information. 
  
  How to use it: 
  Age data can be entered into the SAP system manually or imported from an external source. Once the data is entered, it can be used to calculate employee compensation and benefits, as well as to track employee age-related information. The age data can also be used to generate reports and analyze trends in employee age-related information. 
  
  Tips & Tricks: 
  When entering age data into the SAP system, it is important to ensure that the data is accurate and up-to-date. Additionally, it is important to ensure that the data is properly formatted so that it can be used for calculations and reports. 
  
  Related Information: 
  The SAP Enterprise Compensation Management (PA-EC) module also includes other components such as salary data, bonus data, and performance data. These components are used in conjunction with age data to calculate employee compensation and benefits.