SAP ABAP IMG Activity PBS_AU_TIM_LP_050 (Specify Inflation Rate)
Hierarchy
☛SAP_HRCAU (Software Component) Sub component SAP_HRCAU of SAP_HR ⤷PY-AU-PS (Application Component) Public Sector ⤷P13CP1 (Package) HR-AU-PS: Customizing for Public Sector Australia
Hypertext: Object Class - Class to which a document belongs.
Document Name
PBS_AU_TIM_LP_050
The inflation rate is the actual or projected rate for a year. It takes into account the inflation between the current period and the period when the employee is eligible for long service leave.
Example
Requirements
Standard settings
The standard system provides the following values for the inflation rate:
Value 3.50 for Inflation Rate Year 1 - Inflation Rate Year 8 (payroll constants INF01 - INF08)
Value 4.50 for Inflation Rate Year 9 (payroll constant INF09)
Value 7.00 for Inflation Rate Year 10 (payroll constant INF10)
Value 7.50 for Inflation Rate Year 10+ (payroll constant INF11)