What is the impact of modifying eligibility profile name to grade step progression rule?

Summary:

What is the impact of modifying eligibility profile name to grade step progression rule?
We have an eligibility profile for compensation that was mistakenly configured to have double space in the Name. This eligibility profile has derived factors of Hours Worked and is already tied up to grade ladder and grade step progression.

If we correct the double space in the eligibility profile name, will that automatically update in the grade step progression level? What is the impact.

Thank you.

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