What is model wage type in SAP PY - Payroll?

SAP Term: model wage type

• Component: PY

• Component Name: Payroll

• Description: Model wage types that can be copied to the customer name range to create a customer wage type. The standard SAP model wage types are listed in the SAP wage type catalog.

Smart SAP Assistant

• Key Concepts: 
  Model wage types are used in SAP Payroll to define the characteristics of a wage type. This includes the wage type's name, description, calculation type, and other details. Model wage types are used as templates for creating new wage types in the system. 
  
  How to use it: 
  To create a new wage type, you must first create a model wage type. This is done by navigating to the “Model Wage Types” tab in the SAP Payroll module. From there, you can enter the details of the model wage type and save it. Once saved, you can use this model wage type as a template for creating new wage types in the system. 
  
  Tips & Tricks: 
  When creating a model wage type, it is important to ensure that all of the details are correct and up-to-date. This will ensure that any new wage types created from this model will have the correct information associated with them. 
  
  Related Information: 
  For more information on model wage types in SAP Payroll, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ERP_HCM/6.0_SP04/en-US/f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a9f3d7f9a8b2e14c8a90x.html