Compensation Management
process component
Definition
Enables companies to plan and
define employee remuneration data on the basis of reward
strategies, including performance-based and competency-based pay,
variable pay plans, bonuses and long-term incentives. Supports
companies in defining and putting into practice compensation
structures throughout their lines of business.
Technical Data
Business Context and Use
The Compensation Management process
component enables your company to support its users in reviewing
and monitoring the compensation objects to which employees have
been assigned. To this end, users can query the estimated annual
salary of a particular employee, or the compensation structure
grade to which the employee has been assigned. Users are equally
able to query the attendant long-term incentives that apply for the
employee.
Integration
This process component communicates directly with other process components. It does not use message-based communication.
Structure
The following entities are part of this process component:
Service Interfaces
Business Objects