What is bonus type in SAP PT - Personnel Time Management?

SAP Term: bonus type

• Component: PT

• Component Name: Personnel Time Management

• Description: A specification of an additional amount bonus paid in addition to basic pay for special work activity or working conditions.

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• Key Concepts: 
  Bonus type is a component of Personnel Time Management (PT) in SAP. It is used to define the type of bonus payment that an employee can receive. Bonus types are used to differentiate between different types of bonuses, such as performance bonuses, holiday bonuses, and other types of bonuses. 
  
  How to use it: 
  In order to use bonus type in SAP, you must first create a bonus type in the system. This can be done by going to the Personnel Time Management (PT) module and selecting the “Bonus Type” option. From there, you can enter the details of the bonus type, such as the name, description, and payment amount. Once the bonus type has been created, it can be assigned to an employee or group of employees. 
  
  Tips & Tricks: 
  When creating a bonus type in SAP, it is important to make sure that all of the details are accurate and up-to-date. This will ensure that employees receive the correct bonus payments when they are due. Additionally, it is important to keep track of all bonus types in order to ensure that they are properly managed and updated when necessary. 
  
  Related Information: 
  For more information on bonus types in SAP, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information on how to use bonus types in SAP.