What is premium in SAP PY-NL - The Netherlands?

SAP Term: premium

• Component: PY-NL

• Component Name: The Netherlands

• Description: A premium "premie" is an amount to be paid to support the entitlement of a law.

Smart SAP Assistant

• Key Concepts: 
  Premium is a term used in the Netherlands payroll component of SAP. It refers to an additional payment made to an employee for working overtime or on a holiday. This payment is usually calculated as a percentage of the employee's regular salary. 
  
  How to use it: 
  In SAP, the premium payment is entered into the system as a separate wage type. This wage type is then used to calculate the total amount of the premium payment that should be paid to the employee. The system will also take into account any applicable taxes and deductions that should be applied to the premium payment. 
  
  Tips & Tricks: 
  When entering a premium payment into SAP, it is important to make sure that all of the necessary information is included. This includes the amount of the premium, any applicable taxes or deductions, and any other relevant information. Additionally, it is important to ensure that the correct wage type is used for the premium payment so that it can be accurately calculated and paid out. 
  
  Related Information: 
  For more information about how to use SAP for payroll in the Netherlands, please refer to SAP's official documentation on PY-NL The Netherlands. Additionally, there are many online resources available that provide detailed instructions on how to use SAP for payroll in this region.