What is labor costs census in SAP PY-DE - Germany?

SAP Term: labor costs census

• Component: PY-DE

• Component Name: Germany

• Description: The most comprehensive and credible source of information in for the level and composition of wages and salaries, the scope and composition of personnel costs that are not a wage or salary for example, employer contributions to social insurance, company pensions, and the number of worked hours including overtime but not unpaid time off such as vacations and public holidays. The increase in labor costs is regulated by EU laws every four years. To ensure reliable results, the companies selected for the census are obliged to provide information. The labor costs census traditionally represents a sample. The census thus only affects a certain number of companies, representative of all companies in one industry and of a particular size.

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• Key Concepts: 
  Labor costs census is a feature of the PY-DE Germany component of SAP. It is used to record and analyze labor costs in Germany. It allows users to track and analyze labor costs for employees, departments, and other cost centers. It also provides detailed information on labor costs, such as wages, overtime, and other benefits. 
  
  How to use it: 
  To use the labor costs census feature, users must first set up the cost centers in the system. This includes setting up the cost centers for each employee, department, or other cost center. Once this is done, users can enter labor costs into the system. This includes wages, overtime, and other benefits. The system will then calculate the total labor costs for each cost center. 
  
  Tips & Tricks: 
  When entering labor costs into the system, it is important to ensure that all data is accurate and up-to-date. This will help ensure that the system calculates accurate labor costs for each cost center. Additionally, it is important to regularly review the data to ensure that it is still accurate and up-to-date. 
  
  Related Information: 
  The labor costs census feature of PY-DE Germany can be used in conjunction with other features of SAP such as payroll processing and reporting. Additionally, it can be used to track and analyze labor costs across multiple cost centers or departments.