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

SAP Term: compensation review statement

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: An overview of the compensation granted to a group of employees. Typically, the compensation review statement CRS is sent by the personnel department after the annual merit review. The compensation information is directly read from the Compensation Process infotype 0759.

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• Key Concepts: 
  Compensation review statement is a feature of the SAP Enterprise Compensation Management (PA-EC) component. It is used to review and analyze employee compensation data, such as salary, bonuses, and other benefits. The statement provides a comprehensive overview of an employee's total compensation package, including both current and historical data. 
  
  How to use it: 
  The compensation review statement can be accessed through the SAP GUI. Once logged in, users can select the “Compensation Review Statement” option from the main menu. This will open a window with a list of employees and their associated compensation data. Users can then select an employee to view their compensation review statement. 
  
  Tips & Tricks: 
  When viewing an employee’s compensation review statement, users can filter the data by date range or type of compensation. This allows users to quickly find the information they need without having to scroll through all of the data. Additionally, users can export the statement as a PDF or Excel file for further analysis or sharing with other stakeholders. 
  
  Related Information: 
  The SAP Enterprise Compensation Management component also includes features such as salary planning, bonus planning, and performance management. These features allow users to manage employee compensation more effectively and efficiently. Additionally, SAP offers a variety of training materials and resources to help users get the most out of their Enterprise Compensation Management system.