What is compensation package item in SAP PA-GE - Management of Global Employees?

SAP Term: compensation package item

• Component: PA-GE

• Component Name: Management of Global Employees

• Description: Component of a global employee's compensation package offer, which is usually split into base and derived compensation package items CPIs, as described below: Base compensation package item main gross or net components, such as gross and net salary or net spendable in host country Derived compensation package item components derived from a base CPI, such as social insurance contributions and taxes, relocation allowances or union fees For more information, see the definitions of Base compensation package item and Derived compensation package item respectively.

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• Key Concepts: 
  A compensation package item is a component of the SAP PA-GE Management of Global Employees module. It is used to define and manage the various elements of an employee’s compensation package, such as salary, bonuses, and other benefits. This module allows for the creation of multiple compensation packages for different employee groups, and the ability to track changes in compensation over time. 
  
  How to use it: 
  The SAP PA-GE Management of Global Employees module allows users to create and manage compensation packages for different employee groups. This includes setting up the various elements of a compensation package, such as salary, bonuses, and other benefits. The module also allows users to track changes in compensation over time. 
  
  Tips & Tricks: 
  When creating a compensation package item, it is important to consider the needs of the employee group that will be receiving it. This includes taking into account their job responsibilities, experience level, and any other factors that may affect their compensation package. Additionally, it is important to ensure that the compensation package is competitive with other organizations in the same industry. 
  
  Related Information: 
  The SAP PA-GE Management of Global Employees module is part of the larger SAP Human Capital Management (HCM) suite. Other modules within this suite include Personnel Administration, Organizational Management, and Time Management. Additionally, there are several third-party tools available that can be used to supplement the functionality of this module.