What is termination date in SAP LOD-SF-EC - Employee Central?

SAP Term: termination date

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: The date on which an employee's work agreement becomes invalid.

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• Key Concepts: 
  Termination date is a field in the Employee Central module of SAP that stores the date an employee leaves the company. It is used to track the end of an employee’s employment and can be used to calculate the employee’s final pay. 
  
  How to use it: 
  The termination date field can be found in the Employee Central module of SAP. It is typically filled out when an employee leaves the company and is used to calculate their final pay. The termination date can also be used to track when an employee left the company and for how long they were employed. 
  
  Tips & Tricks: 
  When entering a termination date, make sure to double-check that it is accurate. This will ensure that the employee’s final pay is calculated correctly. Additionally, make sure to update any other relevant fields in SAP such as the employee’s status or job title. 
  
  Related Information: 
  The termination date field is related to other fields in SAP such as the start date, which stores when an employee began working for the company, and the end date, which stores when an employee’s contract ends. Additionally, it is related to other modules such as payroll, which uses the termination date to calculate an employee’s final pay.