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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.

How do I map a wage type to a GL account?

To assign symbolic accounts to the wage types, choose Activities in the HR System → Maintain Wage Types → Define Posting Characteristics of Wage Types. Posting payroll results to Accounting.

How do you create a salary type?

Copy an Existing Wage Type. Go into the IMG and follow this path: Maintain HR Payees and Creditors. When you copied an existing wage type to create your new wage type, the new wage type was added under the HR creditor assigned to the old wage type. Select the Symbolic Account for Your Wage Type. Test Your New Wage Type.

How do you create a salary structure?

Establish your compensation philosophy. Each employer needs a policy which outlines their desired market position. Gather market data. Identify benchmark jobs. Measure your market position. Calculate the comparative. Check your budget. Start allocating. Final adjustments.

How do you create a pay structure?

Establish your compensation philosophy. Each employer needs a policy which outlines their desired market position. Gather market data. Identify benchmark jobs. Measure your market position. Calculate the comparative. Check your budget. Start allocating. Final adjustments.

What is a salary structure definition?

A salary structure, or pay scale, is a system that employers use to determine an employee's compensation. A standard salary structure takes into account things like merit, length of employment, and pay compared to similar positions. Create a minimum and maximum salary within the structure.

How do I set a salary?

Set your upper salary limit by what a particular job is worth to you. Know the market to determine the least you'll pay. Match jobs whose value comes with hours to hourly pay. Match jobs whose value comes in insight or skill to salaried pay.

How do you create a salary range?

Step 1: Determine the Organization's Compensation Philosophy. Step 2: Conduct a Job Analysis. Step 3: Group into Job Families. Step 4: Rank Positions Using a Job Evaluation Method. Step 5: Conduct Market Research. Step 6: Create Job Grades. Step 7: Create a Salary Range Based on Research.

How do you find the midpoint of a salary range in Excel?

To calculate the salary midpoint formula, take the sum of the range's minimum and maximum and divide the sum by two. That will give you the midpoint for your range.

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