What is relative position of compensation in SAP SRD-HR-CMS - HCM-Compensation?

SAP Term: relative position of compensation

• Component: SRD-HR-CMS

• Component Name: HCM-Compensation

• Description: Can be determined for an employee either in relation to a reference point or based on its position within the compensation grade.

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• Key Concepts: 
  Relative position of compensation is a feature in SAP HCM-Compensation (SRD-HR-CMS) that allows users to compare the compensation of different employees. This comparison is based on the relative position of each employee in the organization, such as their job title, department, and seniority. 
  
  How to use it: 
  To use the relative position of compensation feature, users must first enter the relevant information for each employee into the system. This includes their job title, department, and seniority. Once this information is entered, users can then compare the compensation of different employees based on their relative positions in the organization. 
  
  Tips & Tricks: 
  When using the relative position of compensation feature, it is important to ensure that all relevant information is entered accurately. This will ensure that the comparison is accurate and reliable. Additionally, users should also consider other factors such as experience and performance when making comparisons. 
  
  Related Information: 
  The relative position of compensation feature can be used in conjunction with other features in SAP HCM-Compensation (SRD-HR-CMS). For example, users can use this feature to compare the compensation of different employees with different job titles or departments. Additionally, users can also use this feature to compare the compensation of employees with different levels of seniority.