term factor period partial what is
Meaning of partial period factor. What is it: factor is a variable value calculated using different.

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Definition partial period factor

PARTIAL PERIOD FACTOR title: partial period factor (PY) (SAP Library - Glossary)
PARTIAL PERIOD FACTOR category: Payroll (PY)
PARTIAL PERIOD FACTOR explained:

The factor required to calculate partial remuneration.

The factor is a variable value calculated using different formulas depending on the company and situation. During customizing, partial period factors are defined in personnel calculation rules for specific situations and assigned to wage types for particular periods.

Multiplying the partial period factor by the fixed remuneration amount - remuneration for a particular period - gives you the actual remuneration amount to be paid.

More terms such as partial period factor in Dictionary P.

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