partial period factor

Payroll (PY)

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.