What is time pay type in SAP LOD-SF-EC - Employee Central?

SAP Term: time pay type

• Component: LOD-SF-EC

• Component Name: Employee Central

• Description: A time-related pay type. For example, Regular Time, Overtime 1.5, Overtime 2.0, Business Travel. Time Pay Types form the basis of an employee's Time Valuation Result.

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• Key Concepts: 
  Time pay type is a feature in SAP Employee Central that allows employers to define different pay types for different types of time worked. This includes regular hours, overtime, vacation, and other types of time. It also allows employers to set up different pay rates for each type of time. 
  
  How to use it: 
  To use the time pay type feature, employers must first define the different types of time they want to track. This includes setting up the pay rate for each type of time. Once the pay types are set up, employers can then assign them to employees in their system. Employees can then enter their time worked and the system will automatically calculate their pay based on the pay type assigned. 
  
  Tips & Tricks: 
  When setting up the time pay type feature, it is important to make sure that all of the pay types are set up correctly and that they are assigned to the correct employees. This will ensure that employees are paid accurately and on time. Additionally, employers should review their time pay types regularly to make sure they are still accurate and up-to-date. 
  
  Related Information: 
  The time pay type feature is part of SAP Employee Central, which is a cloud-based HR system designed to help employers manage their workforce more efficiently. It includes features such as payroll processing, employee onboarding, and performance management. Additionally, SAP Employee Central integrates with other SAP products such as SAP SuccessFactors and SAP HCM.