What is evaluation wage type in SAP PY - Payroll?

SAP Term: evaluation wage type

• Component: PY

• Component Name: Payroll

• Description: Wage type used in the ad hoc query. Evaluation wage types enable the easy evaluation of payroll results. In the payroll infotype for example 0402 one or more wage types are assigned to an evaluation wage type.

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• Key Concepts: 
  Evaluation wage type is a payroll component in SAP that is used to calculate the amount of wages that an employee should receive. It is based on the employee's salary, hours worked, and other factors such as overtime and bonuses. The evaluation wage type is used to determine the total amount of wages that an employee should receive for a given period of time. 
  
  How to use it: 
  In order to use the evaluation wage type, you must first enter the employee's salary and hours worked into the system. Once this information is entered, the system will calculate the total amount of wages that the employee should receive for a given period of time. This calculation will take into account any overtime or bonuses that may be applicable. 
  
  Tips & Tricks: 
  When entering information into the system, it is important to make sure that all data is accurate and up-to-date. This will ensure that the evaluation wage type calculation is accurate and that employees are receiving the correct amount of wages for their work. 
  
  Related Information: 
  The evaluation wage type is part of SAP's Payroll component. Other components of this system include payroll deductions, taxes, and benefits. It is important to understand how these components work together in order to ensure accurate payroll calculations.