What is impact of loss in SAP LOD-SF-EC - Employee Central?

SAP Term: impact of loss

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: The implications for the business of losing a given resource, typically an employee.

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• Key Concepts: 
  The impact of loss is a concept in SAP's Employee Central module that refers to the financial and operational consequences of losing an employee. It includes the costs associated with recruiting, onboarding, and training a new employee, as well as the potential loss of productivity and customer service due to the absence of an experienced employee. 
  
  How to use it: 
  The impact of loss can be used to assess the cost-benefit of retaining an employee versus replacing them. It can also be used to identify areas where additional resources may be needed to ensure that the organization is able to maintain its current level of productivity and customer service. 
  
  Tips & Tricks: 
  When assessing the impact of loss, it is important to consider both the short-term and long-term costs associated with losing an employee. Additionally, it is important to consider the potential impact on morale and team dynamics that may result from losing a valued team member. 
  
  Related Information: 
  For more information on the impact of loss in SAP's Employee Central module, please refer to SAP's official documentation on the topic. Additionally, there are a number of third-party resources available that provide additional insights into this concept.