26 SAP HCM Wage types configuration
Free
47 minutes
English

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Description

Payroll management is a crucial aspect of human resources management in any organization. In this session, the configuration process for SAP HCM wage types is covered. The concept of waste types as earnings or deductions from an employee's salary is introduced, with examples of statutory and non-statutory deductions. The importance of configuring these wage types correctly to ensure accurate payroll processing is emphasized. Contributory wage types, such as provident fund contributions in India, are explained in detail, along with the configuration process for these types. Non-contributory wage types, including basic pay and allowances, are also discussed, highlighting their role in employee compensation. The assignment of wage types to groups and the posting of payroll values is a critical step in configuring wage types correctly. Time dependency of wage type posting is also an important consideration, as it affects when these values are posted to an employee's salary. This session aims to provide participants with a comprehensive understanding of how to configure wage types in SAP HCM for accurate payroll management. learn more

Professions

SAP Consultant Payroll Specialist payroll clerk IT Project Manager HR Manager HR Generalist Financial Analyst Finance Manager Business Analyst Accountant

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