What is spot review in SAP (PA-EC - Enterprise Compensation Management)?

SAP Term: spot review

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: A review type that enables line managers to reward employees for outstanding performance anytime and as often as required.

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• Key Concepts: 
  Spot review is a feature of SAP's Enterprise Compensation Management (PA-EC) component. It allows managers to review and adjust employee compensation plans in real-time, without having to wait for the annual review cycle. This helps ensure that employees are compensated fairly and accurately, and that their compensation is in line with their performance.
  
  How to use it: 
  Spot review can be accessed through the PA-EC component of SAP. Once logged in, managers can view employee compensation plans and make adjustments as needed. They can also view historical data to compare current compensation plans with past ones. Additionally, managers can set up notifications to alert them when an employee's compensation plan needs to be reviewed or adjusted.
  
  Tips & Tricks: 
  When using spot review, it is important to keep in mind that the goal is to ensure fair and accurate compensation for employees. Managers should take the time to review each employee's plan thoroughly and make adjustments as needed. Additionally, managers should use the historical data feature to compare current plans with past ones, as this can help them identify any discrepancies or areas for improvement.
  
  Related Information: 
  Spot review is just one of the features available in SAP's Enterprise Compensation Management (PA-EC) component. Other features include salary planning, bonus planning, and performance management. Additionally, PA-EC integrates with other SAP components such as HR and payroll, allowing for a more comprehensive view of employee compensation plans.