What is 'group incentive wages' in SAP PT - Personnel Time Management?

group incentive wages - Overview

• Component: PT

• Component Name: Personnel Time Management

• Description: The result used, in group incentive wages, to pay for work depends on the performance of a group of workers, and not on the performance of one worker.

group incentive wages - Details

• 
  Key Concepts: 
  Group incentive wages are a type of wage payment in SAP's Personnel Time Management (PT) component. This type of wage payment is used to reward employees for achieving certain goals or objectives as a group. It is based on the collective performance of the group, rather than individual performance. 
  
  How to use it: 
  Group incentive wages can be set up in SAP's Personnel Time Management (PT) component. The system allows you to define the criteria for awarding the group incentive wages, such as the number of hours worked, the number of goals achieved, or any other criteria that you deem appropriate. Once the criteria have been set up, the system will automatically calculate and pay out the group incentive wages to eligible employees. 
  
  Tips & Tricks: 
  When setting up group incentive wages in SAP's Personnel Time Management (PT) component, it is important to ensure that the criteria are clearly defined and communicated to all employees. This will ensure that everyone is aware of what is expected of them and how they can benefit from the group incentive wages. Additionally, it is important to review and adjust the criteria periodically to ensure that they remain relevant and effective. 
  
  Related Information: 
  For more information on setting up group incentive wages in SAP's Personnel Time Management (PT) component, please refer to SAP's official documentation or contact