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List of important features in HCM as below:

(Using T-Code PE03 to access feature. Common and important ones have been marked).

Feature

Feature Description

08MEX

Multiple Employment Process Exclusion (PY-GB-PS)

08TCE

TPS casual employment

08TIE

TPS Irregular Employment

08TSG

TPS Safeguarded salary

08TSN

TPS School / type of employment number

08TSS

TPS Salary scale code

13RED

Feature 13RED

27SLE

Sick Leave Entitlement

ABKRS

Defaults the payroll area

ACTCE

Actions: Default Values for Recognition

ADDRS

Set subtype sequence for address formatting

ALOAN

Default Value for Company Loans

ANLAC

Check number of object on loan and asset number

ANSAL

Wage type for annual salary

BAREA

Benefit Area

BENGR

First program grouping

BSTAT

Second program grouping

CAREA

Compensation area

CATSX

Profile maintenance for Time Sheet

CDCU1

Determine payroll directory

CMELG

Eligibility group

CMGDL

Guideline Group

CMGRP

Compensation group

CONTR

Default values for contract elements

COVER

Rule group feature for coverage history

COVGL

Define Date for Production Startup of Absence Ref

COVGR

Coverage Grouping

CRDV1

Credit grouping

CSSCR

Screen type country assignment

CSTV1

Cost grouping

DATAR

Default value for date specifications

DFINF

Copies default values for infotypes

DTAKT

Sender bank account number for DME

EDPDF

ESS Remuneration Statement: Smart Form for Conversion

EDTIN

Report Variant for ESS Service 'Display Remuneration Statement'

EECGR

Employee Contribution Grouping

ELIGR

Eligibility grouping

ENTRY

Rule for determining entry date

ERCGR

Employer Contribution Grouping

EVTGR

Adjustment Grouping

EXCEP

HR-XX: Exception Reporting - Determine Tolerance

GAGES

Feature for the AGE Calculation used in Abs. Evaluation

GBACT

Activate new GB solutions

GBCHG

Solution Change-Over Date (Great Britain) for GB SxP phase I and II

GBENA

Determination of employer name for legal reporting

GBQDP

SSP Qualifying Day Pattern

GCPAB

Stop payment of tax credit

GBPGL

Payroll Go Live Date (Great Britain)

GLIVE

Feature for the go-live date used in Abs. Eval.

GLOSS

Feature for the seniority (LOS) calculation used in Abs. Eval.

GLTXC

Tax code for late payments

GMSGD

Termination reason for death

GNICD

Default category for NI contributions calculation

GNICW

Wage type generation for NI adjustments

GOFFA

GB SAP Offsetting against OAP

GOFFM

GB SMP Offsetting against OMP

GOFFP

GB SPP Offsetting against OPP

GOFFS

GB SSP Offsetting against OSP

GPRPC

HR-GB: Pro-rating pension contributions

GRDWK

Feature for grouping of reporting quotas

GRDWT

Feature for grouping of reporting time types

GSALC

Salary calculation wage type (Wage Type Group T539J)

HCP01

Organizational Grouping of Employees as Cost Object

HDATE

Set date type for determining entry date

HRSIF

Recording atts./absences without clock times

IGMOA

Infogroup modifier for applicants

IGMOD

Infogroup modifier

INTDF

Default value for Internet medium

INTDY

Default Values for Internet Applications

IVWID

Infotype view ID

LDAYW

Determines the last day of the week

LEAVE

Rule to determine the leaving date

LGMST

Defaults wage type models to which certain wage types are associated

LIMIE

Hourly limits for day balances

LLREP

Time Management

MASSN

Determine fast entry dialog module

MODDE

Default value for payment model

MOLGA

Payroll existence in country version

NSHLP

Assign basic search help to PERNR

NUMAP

Applicant number ranges

NUMKR

Defines the number range for Personnel Administration eg. internal or external

P0001

Feature controlling the country-version org assignment (infotype 0001)

P0002

Feature controlling the country-version personal data (infotype 0002)

P0006

Feature controlling the country-version addresses (infotype 0006)

P0008

Feature controlling the country-version basic pay (infotype 0008)

P2001

Screen control for all time infotypes (infotype 2001)

PACPA

Parameter settings for follow-up activities

PACPP

Default for follow-up actions

PACTV

Parameter settings for applicant activity types

PAPLI

Integration of Personnel Administration and Recruitment

PFREQ

Payment frequency for annual salary

PINCH

Controls which administrator groups (and administrators) are defaulted

PLOGI

Integration switch between Personnel Administration and Org Mgt.

PM004

Determining the simulation variant for the payroll driver

PPMOD

FI/CO employee sub-group grouping for symbolic account determination

PRELI

Integration of 'internal' applicants

PRELR

Integration applicant/employee

QUOMO

Determination of quota type selection rule group for Absence Quotas

RCNEW

Defining a distribution list or mail address

SCHID

Default Pension Scheme ID

SCHKZ

Default work schedule setting for each group of employee - IT 0007

SHPRO

Text module for brief applicant description

STATU

Consistency of overall status and vacancy assignment

TARIF

Defaults the pay scale type & area etc for each specified group

TIMMO

Defining the modifier for table T569R

TMSTA

Default value for Time Mgt. status

TRMTY

Termination Type

TRVCO

Dynamic screen layout of account assignment block

TRVCP

Assign Organizational Travel Profile

TRVCT

Travel control for trip costs accounting

TRVFD

(Travel fields) for field control via T706Z

TRVFO

(Form variant), TRVFE-Form Variant for Travel Expenses, TRVFR-Form Variant for Travel Request

TRVFP-orm Variant for Travel Planning

TRVPA

(Travel parameters) for trip costs parameters

VDSK1

Sets the default for the Org Key on the infotype 0001 (Organisation Assignment)

VHIGP

Default VHI Group Number

VTART

Substitution Defaults (IT 2003)

WEBMO

Define Rule Group for Customizing Tables

WPROC

Specify word processing system

WRKHR

Control for input fields on IT 0007

WWEEK

Default value for working week

ZLSCH

Default setting for payment method e.g. C or E

ZWEGI

Feature for Occ. Health Get Manager path

Source: http://www.sd-solutions.com/SAP-HR-Features.html

How to create new feature:

Creating and Using a Feature in SAP HR, link: http://scn.sap.com/docs/DOC-5771