What is relevant minimum in SAP PY - Payroll?

SAP Term: relevant minimum

• Component: PY

• Component Name: Payroll

• Description: A limit that shows the lowest amount within a wage type class. More than one limit can be formed for a wage type class. Only the lowest limit of a wage type class is relevant to processing limits for deductions because it is the only limit used for the comparison with the amount of the wage type class.

Smart SAP Assistant

• Key Concepts: 
  Relevant minimum is a feature in SAP Payroll (PY) that allows you to set a minimum wage for employees. This ensures that employees are paid at least the minimum wage set by the company. It also helps to ensure compliance with local labor laws and regulations. 
  
  How to use it: 
  To use relevant minimum, you must first set up the relevant wage type in the payroll configuration. Once this is done, you can enter the relevant minimum wage for each employee in the payroll master data. This will ensure that the employee is paid at least the minimum wage set by the company. 
  
  Tips & Tricks: 
  It is important to keep track of any changes in local labor laws and regulations, as these may affect the relevant minimum wage. Additionally, it is important to ensure that all employees are paid at least the relevant minimum wage, as failure to do so could result in legal action. 
  
  Related Information: 
  For more information on setting up and using relevant minimum in SAP Payroll (PY), please refer to SAP Help documentation or contact your local SAP support team.