Workforce Compensation amounts - through minimum and target values

Summary:

Compensation Amount Minimum - Component 1 vs Target Compensation Amount Minimum - Component 1

Content (please ensure you mask any confidential information):

The compensation plan components have many columns for user needs. For e.g. If I have plan where I fix a certain amount like a floor value which needs to be provided to an employee, I use "Compensation Amount Minimum - Component 1"

And if allocation cannot be less than certain mapped value then we may use "Target Compensation Amount Minimum - Component 1"

Both are like a floor value below which compensation amount cannot exceed.

Target Compensation Amount Minimum - Component 1 find usages where allocation is done by manager and an alert can be triggered whereas