2638468 - Error While assigning an Org Unit to an Employee During Hiring Process

You are hiring an Employee and when you try to assign an Org Unit XXX to this Employee, you receive the below errors:

(XXX represents the Org Unit ID)

Error:

"No valid cost center assigned to selected organizational unit"
"No valid business residence assigned to selected organizational unit"

SAP Business ByDesign

Org Unit Assign, Hire Employee, Error during hiring an employee,  No valid cost center assigned to selected organizational unit, No valid business residence assigned to selected organizational unit , KBA , AP-OM , Organisational Management , Problem