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BASIC_ELEMENT is an optional toggle that if checked, the element is made up by a list of pay components only, and is considered a basic element. If the toggle is not checked, the element may be made up by a list of pay components and also refers to another element (also known as an element mapping). This type of element is known as a compound element. By mapping one element to another it is possible to greatly reduce the amount of pay component keying that is required to set-up all of the required elements.

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