What is range spread in SAP (SRD-HR-CMS - HCM-Compensation)?

SAP Term: range spread

• Component: SRD-HR-CMS

• Component Name: HCM-Compensation

• Description: Indication of the "width" of the range of a grade within a compensation structure. Calculated as the maximum of the grade minus the minimum of the grade, divided by the minimum of the grade: [max - min / min]. The range spread is expressed as a percentage.

Smart SAP Assistant

• Key Concepts: 
  Range spread is a feature in the SAP SRD-HR-CMS HCM-Compensation component that allows users to define a range of salary levels for each job grade. This range is used to determine the salary of an employee based on their job grade and performance. 
  
  How to use it: 
  To use range spread, users must first define the salary range for each job grade. This can be done by entering the minimum and maximum salary for each job grade in the system. Once the ranges are defined, users can then assign a salary to an employee based on their job grade and performance. 
  
  Tips & Tricks: 
  When defining the salary ranges for each job grade, it is important to consider the market rate for similar positions in order to ensure that employees are being paid fairly. Additionally, it is important to review the ranges periodically to ensure that they are still relevant and up-to-date. 
  
  Related Information: 
  For more information about range spread in SAP SRD-HR-CMS HCM-Compensation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using range spread in SAP.