What is equalized wage in SAP PY-CH - Switzerland?

SAP Term: equalized wage

• Component: PY-CH

• Component Name: Switzerland

• Description: The portion of an annual wage that is to be insured and lies between a lower and an upper limit. For exact amounts, see www.admin.ch. If the annual wage is temporarily less due to illness, an accident, unemployment or other similar reasons, the insured person can demand the reduction of the equalized wage.

Smart SAP Assistant

• Key Concepts: 
  Equalized wage is a feature of the PY-CH Switzerland component of SAP software. It is a tool that allows employers to adjust the wages of their employees in order to ensure that they are paid the same amount regardless of their gender, age, or other factors. This helps to ensure that all employees are treated fairly and equitably. 
  
  How to use it: 
  To use the equalized wage feature, employers must first enter the relevant information about their employees into the system. This includes their gender, age, and other relevant factors. Once this information is entered, the system will automatically calculate the appropriate wage for each employee based on these factors. The employer can then adjust the wages accordingly. 
  
  Tips & Tricks: 
  When using the equalized wage feature, it is important to ensure that all relevant information is entered accurately. This will help to ensure that all employees are paid fairly and equitably. Additionally, employers should regularly review their employee wages to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  The equalized wage feature is part of a larger set of features in SAP software designed to help employers manage their payrolls more efficiently and effectively. Other features include payroll processing, tax calculation, and employee benefits management.