What is employee object on loan in SAP PA-PA - Personnel Administration?

SAP Term: employee object on loan

• Component: PA-PA

• Component Name: Personnel Administration

• Description: A group of objects loaned by an enterprise to an employee. You an assign objects on loan to an employee in the "Objects on Loan" infotype 0040. There is also an "Employee objects on loan" business object OBJONLOAN, which represents the "Objects on Loan" infotype 0040.

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• Key Concepts: 
  Employee Object on Loan is a feature of SAP Personnel Administration (PA-PA) that allows an employee to be assigned to a different organizational unit for a specified period of time. This feature is useful for companies that need to temporarily assign employees to different departments or locations. The employee object on loan is also known as a “loan assignment” or “temporary assignment”. 
  
  How to use it: 
  To use the employee object on loan feature, the user must first create an organizational unit for the loan assignment. This can be done in the Organizational Management (OM) module. Once the organizational unit is created, the user can then assign an employee to it using the Personnel Administration (PA-PA) module. The user can specify the start and end dates of the loan assignment, as well as any other relevant information such as job title and salary. 
  
  Tips & Tricks: 
  When creating a loan assignment, it is important to ensure that all relevant information is entered correctly. This includes the start and end dates of the loan assignment, as well as any other relevant information such as job title and salary. It is also important to ensure that the employee’s current position in their original organizational unit is not affected by the loan assignment. 
  
  Related Information: 
  The employee object on loan feature is closely related to other features in SAP Personnel Administration such as personnel actions and personnel development. It is also related to other modules such as Organizational Management (OM) and Time Management (TM).