What is compensation review item in SAP PA-EC - Enterprise Compensation Management?

SAP Term: compensation review item

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: A unique combination of compensation plans and reviews. &EXAMPLE& A compensation review item may be a bonus plan, a salary adjustment, or an LTI plan.

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• Key Concepts: 
  Compensation review item is a feature of the SAP Enterprise Compensation Management (PA-EC) component. It allows users to review and adjust employee compensation data in a single, centralized location. This includes salary, bonus, and other compensation-related information. The review item feature also allows users to track changes over time and compare different versions of the same data. 
  
  How to use it: 
  To use the compensation review item feature, users must first create a review item in the PA-EC component. This can be done by selecting the “Create Review Item” option from the main menu. Once created, users can then enter the relevant compensation data into the review item. This includes salary, bonus, and other compensation-related information. Once all of the data has been entered, users can then save the review item and make any necessary adjustments. 
  
  Tips & Tricks: 
  When creating a compensation review item, it is important to ensure that all of the relevant data is entered accurately. This will help to ensure that any adjustments made are based on accurate information. Additionally, it is important to keep track of any changes made to the review item over time. This will help to ensure that any adjustments are based on up-to-date information. 
  
  Related Information: 
  For more information about SAP Enterprise Compensation Management (PA-EC), please visit the SAP Help Portal at https://help.sap.com/viewer/product/PA_EC/en-US. Additionally, for more tips and tricks on using SAP software, please visit the SAP Community Network at https://www.sap.com/community/home.html.