What is blackout period in SAP PA-EC - Enterprise Compensation Management?

SAP Term: blackout period

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: A period during which insiders are not allowed to exercise their awards, usually when important company information is announced, for example, annual or quarterly figures. &EXAMPLE& Prior to the announcement of your company's first quarter result you could define a blackout period of a month for all executives and executive assistants.

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• Key Concepts: 
  A blackout period is a time frame in which certain activities are restricted or prohibited in SAP Enterprise Compensation Management (PA-EC). This includes the ability to make changes to compensation plans, create new plans, and process payments. The purpose of a blackout period is to ensure that all changes are properly reviewed and approved before they are implemented. 
  
  How to use it: 
  Blackout periods can be set up in SAP PA-EC by an administrator. The administrator can specify the start and end dates of the blackout period, as well as the activities that are restricted during this time. Once the blackout period is set up, users will not be able to make any changes to compensation plans or process payments until the blackout period has ended. 
  
  Tips & Tricks: 
  It is important to plan ahead when setting up a blackout period. Make sure that all necessary changes have been made before the blackout period begins, and that all payments have been processed before the end date. This will help ensure that no changes or payments are missed during the blackout period. 
  
  Related Information: 
  For more information on setting up a blackout period in SAP PA-EC, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to set up a blackout period in SAP PA-EC.