What is bonus in SAP PT - Personnel Time Management?

SAP Term: bonus

• Component: PT

• Component Name: Personnel Time Management

• Description: An additional payment to an employee as remuneration for special work situations or for performance. &EXAMPLE& Night work bonus Hazard bonus Bonuses can be contractual, legal, or company-specific, and are regulated accordingly.

Smart SAP Assistant

• Key Concepts: 
  Bonus is a feature in SAP Personnel Time Management (PT) that allows employers to reward employees for their performance. It is a form of compensation that is paid in addition to the employee's regular salary or wages. Bonuses can be based on individual performance, team performance, or company performance. 
  
  How to Use it: 
  In SAP PT, bonuses are set up as a separate wage type and can be configured to be paid out at different times. The bonus amount can be calculated based on the employee's performance or other criteria. The bonus can also be set up to be paid out in a lump sum or in installments. 
  
  Tips & Tricks: 
  When setting up bonuses in SAP PT, it is important to ensure that the bonus amount is fair and equitable for all employees. It is also important to ensure that the bonus payment is compliant with local laws and regulations. 
  
  Related Information: 
  For more information about setting up bonuses in SAP PT, please refer to the SAP Help Portal or contact your local SAP support team.