Hi Rishi
The core components in Compensation Management are: Job Pricing, Budgeting, Compensation Administration, and Personnel Cost Planning.
Job Pricing: What are the jobs in my enterprise worth, in relative and real terms?
Budgeting: How much money, and how many shares do I, as a department head, have available for my employees?
Compensation Administration: Who is entitled to what?
Personnel Cost Planning: If I downsize/take on staff/increase salaries, how much money will I need for next year?
The core components in ECM are :-Budgeting, Compensation Administration,Eligibility ,Guide lines,Plan Attribues,Compensation Program & Long term Incentive Plans.
In Budgeting you can define reference currency , Budget Types, Budget Periods.
In Compensation Admn you can define Compensation Areas, Plans, Reviews.
In Eligibility eligibility rules for appraisals etc
Please check the below links you will get more info about this :-
CM vs ECM
ECM-Without Portal
Need presentation on Compensation (ECM)
http://www.photographybykevin.net/ccount/click.php?id=7
http://help.sap.com/saphelp_erp2004/helpdata/en/01/6e083f56e4d861e10000000a114084/frameset.htm
http://help.sap.com/saphelp_erp2004/helpdata/en/01/6e083f56e4d861e10000000a114084/frameset.htm
https://websmp107.sap-ag.de/~form/sapnet?_SHORTKEY=01200252310000079874&
https://websmp107.sap-ag.de/~sapidb/011000358700006243132006E.PDF
Hope this helps.
Cheers
Rahul
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