What is living wage in SAP PY-UA - Ukraine?

SAP Term: living wage

• Component: PY-UA

• Component Name: Ukraine

• Description: The minimum amount that each person must receive per month to ensure the normal functioning of a person’s body. The living wage covers food products, non-food products, and a set of services that are required to meet the basic social and cultural needs of a person. The government uses a set of official criteria to determine the living wage for the main social and demographic groups in society, and revises the living wage in accordance with increases in the consumer price index. In contrast to a minimum wage, the living wage considers the actual cost of items that a person requires each month.

Smart SAP Assistant

• Key Concepts: 
  Living wage is a term used in the SAP PY-UA Ukraine component to refer to the minimum wage that must be paid to employees in Ukraine. This wage is determined by the Ukrainian government and is updated periodically. It is important for employers to stay up-to-date on the living wage in order to ensure compliance with Ukrainian labor laws. 
  
  How to use it: 
  In order to use the living wage in SAP PY-UA Ukraine, employers must first determine the current living wage rate. This can be done by checking the Ukrainian government website or consulting with a local labor law expert. Once the current rate has been determined, employers must enter this information into their SAP system. This will ensure that all employees are paid at least the minimum wage as required by law. 
  
  Tips & Tricks: 
  It is important to stay up-to-date on the living wage rate in Ukraine as it can change periodically. Employers should check the Ukrainian government website regularly or consult with a local labor law expert in order to ensure compliance with the current rate. Additionally, employers should ensure that their SAP system is updated with the current rate in order to avoid any potential legal issues. 
  
  Related Information: 
  The living wage rate in Ukraine is determined by the Ukrainian government and can be found on their website. Additionally, employers may wish to consult with a local labor law expert in order to ensure compliance with Ukrainian labor laws.