If the icon is:

Information is more important than features 

Please note bob is managing access to information rather than a specific feature. This is probably best illustrated with on payroll:

If employees have access to view payroll information, then they are able to see that information in:

  1. Other employees’ profiles (payroll section)
  2. The employee directory 
  3. Payroll reports 
  4. Payroll within the People > Insights tab
  5. Payroll breakdown data layer in the People >org chart 
  6. Homepage salary pie chart etc.

Of course, if they have only partial access (payroll only for specific site), all these features act accordingly and show partial information. 

However, if an employee doesn't have payroll access at all, all these features will be blocked for them.

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