What is employee remuneration information in SAP PY - Payroll?

SAP Term: employee remuneration information

• Component: PY

• Component Name: Payroll

• Description: Manually created wage types that cannot be created automatically by the program. Employee remuneration information stores manually calculated wage amounts, bonuses, premiums, and other irregular wage amounts. The calculated amounts are included in the payroll run and used to determine the gross remuneration.

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• Key Concepts: 
  Employee remuneration information is the data related to the wages, salaries, bonuses, and other forms of compensation that an employee receives from their employer. This information is stored in the SAP Payroll (PY) component. 
  
  How to use it: 
  The PY Payroll component allows employers to store and manage employee remuneration information. This includes entering employee salary details, calculating taxes and deductions, and generating pay slips. The PY Payroll component also allows employers to track employee benefits such as vacation days and sick leave. 
  
  Tips & Tricks: 
  When entering employee remuneration information into the PY Payroll component, it is important to ensure that all data is accurate and up-to-date. This will help to ensure that employees are paid correctly and on time. 
  
  Related Information: 
  The PY Payroll component is part of the larger SAP Human Capital Management (HCM) suite of software. The HCM suite provides a comprehensive set of tools for managing employee data, including payroll, benefits, recruitment, and performance management.