What is adjusted basic pay in SAP (PSM-FG - Functions for U.S. Federal Government)?

SAP Term: adjusted basic pay

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: The maximum adjusted rate of basic pay after taking into account all pay caps that may be applicable. This is the sum of an employee´s rate of basic pay and any locality-based comparability payment or special pay adjustment for law enforcement officers or continued rate of pay under 5 CFR Part 531, Subpart G, that may be paid after applying the appropriate caps.

Smart SAP Assistant

• Key Concepts: 
  Adjusted basic pay is a term used in the SAP PSM-FG Functions for U.S. Federal Government component. It is the amount of basic pay that is adjusted for any changes in the employee’s salary due to promotions, demotions, or other salary changes. This amount is used to calculate the employee’s total compensation package. 
  
  How to use it: 
  In order to calculate adjusted basic pay, the employee’s current salary must be adjusted for any changes in their salary due to promotions, demotions, or other salary changes. This amount is then used to calculate the employee’s total compensation package. 
  
  Tips & Tricks: 
  When calculating adjusted basic pay, it is important to take into account any changes in the employee’s salary due to promotions, demotions, or other salary changes. This will ensure that the employee’s total compensation package is accurately calculated. 
  
  Related Information: 
  For more information on adjusted basic pay and other terms related to SAP PSM-FG Functions for U.S. Federal Government, please refer to the official SAP documentation.