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

SAP Term: outstanding awards

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: Awards that have already been granted but not yet exercised stock options or vested restricted stock awards.

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• Key Concepts: 
  Outstanding awards are a feature of the SAP PA-EC Enterprise Compensation Management component. This feature allows companies to track and manage awards that have been granted to employees but have not yet been paid out. This includes awards such as bonuses, stock options, and other forms of compensation. 
  
  How to use it: 
  The outstanding awards feature in SAP PA-EC Enterprise Compensation Management allows companies to track and manage awards that have been granted to employees but have not yet been paid out. Companies can view the details of each award, including the amount, type, and date of the award. They can also set up payment schedules for each award and track the progress of payments. 
  
  Tips & Tricks: 
  When setting up payment schedules for outstanding awards, it is important to ensure that all payments are made on time. This will help ensure that employees receive their awards in a timely manner and that the company is compliant with any applicable laws or regulations. 
  
  Related Information: 
  For more information about the outstanding awards feature in SAP PA-EC Enterprise Compensation Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using this feature.