What is recurring earning in SAP SRD-HR-CMS - HCM-Compensation?

SAP Term: recurring earning

• Component: SRD-HR-CMS

• Component Name: HCM-Compensation

• Description: A cash or non-cash amount given to an employee on a frequent or scheduled basis for time worked or services performed in accordance with a predefined recurrence type.

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• Key Concepts: 
  Recurring earnings are a type of compensation that is paid to an employee on a regular basis. This type of compensation is typically used for salaries, bonuses, and other forms of regular payments. It is important to note that recurring earnings are not the same as one-time payments, such as overtime or vacation pay. 
  
  How to use it: 
  Recurring earnings can be managed in SAP HCM Compensation Management (SRD-HR-CMS). This component allows users to set up and manage recurring earnings for employees. It also allows users to track and report on the total amount of recurring earnings paid out over time. 
  
  Tips & Tricks: 
  When setting up recurring earnings in SAP HCM Compensation Management, it is important to ensure that the correct payment frequency is selected. This will ensure that the employee receives their payments on time and in the correct amount. Additionally, it is important to review the payment amounts regularly to ensure they are up-to-date with any changes in salary or other compensation. 
  
  Related Information: 
  For more information on SAP HCM Compensation Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SRD_HR_CMS/latest/en-US