What is exercised awards in SAP PA-EC - Enterprise Compensation Management?

SAP Term: exercised awards

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: Number of awards that have vested and that have already been purchased by the employee.

Smart SAP Assistant

• Key Concepts: 
  Exercised awards are a type of compensation that is granted to employees in the form of stock options. These awards are given to employees as an incentive to stay with the company and to reward them for their performance. The employee has the option to purchase the stock at a predetermined price, which is usually lower than the current market price. 
  
  How to use it: 
  In SAP Enterprise Compensation Management (PA-EC), exercised awards are managed through the “Award Management” module. This module allows users to create and manage awards, set up award plans, and track award performance. It also provides tools for calculating the value of exercised awards and tracking their progress over time. 
  
  Tips & Tricks: 
  When setting up an award plan, it is important to consider the vesting period and other conditions that may affect the value of the award. Additionally, it is important to ensure that all relevant information is accurately recorded in order to ensure accurate calculations and reporting. 
  
  Related Information: 
  For more information on SAP Enterprise Compensation Management (PA-EC), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use this module and best practices for managing exercised awards.