What is 'one-time earning' in SAP SRD-HR-CMS - HCM-Compensation?

one-time earning - Overview

• Component: SRD-HR-CMS

• Component Name: HCM-Compensation

• Description: A cash or non-cash amount given to an employee on an infrequent or unscheduled basis for time worked or services performed.

one-time earning - Details

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  Key Concepts: 
  One-time earning is a type of compensation that is paid to an employee only once. It is not part of the employee's regular salary or wages and is usually given as a bonus or reward for exceptional performance. It can also be used to compensate for a special event, such as a promotion or a milestone anniversary. 
  
  How to use it: 
  One-time earning can be used in SAP HCM-Compensation to reward employees for their hard work and dedication. It can be set up as a one-time payment or as a recurring payment. The amount of the one-time earning can be determined by the employer and can be based on the employee's performance, length of service, or other criteria. 
  
  Tips & Tricks: 
  When setting up one-time earnings in SAP HCM-Compensation, it is important to ensure that the amount is fair and reasonable. It should also be noted that one-time earnings are not subject to payroll taxes, so employers should take this into consideration when determining the amount of the payment. 
  
  Related Information: 
  For more information on one-time earnings in SAP HCM-Compensation, please refer to the SAP Help Portal or contact your local SAP representative.