What is compensation time in SAP PT - Personnel Time Management?

SAP Term: compensation time

• Component: PT

• Component Name: Personnel Time Management

• Description: A time credit that is accumulated in a time account during time evaluation. Compensation time is used, for example, to identify the difference between employee working times defined by internal company policy and employees' weekly working time specified in collective agreements or in work contracts. Employees can then be compensated by time off for any "time" accumulated in this account.

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• Key Concepts: 
  Compensation time is a feature of SAP Personnel Time Management (PT) that allows employees to take time off in exchange for overtime hours worked. This feature allows employees to balance their work and personal lives by taking time off when needed, while still being compensated for their extra hours. 
  
  How to use it: 
  In order to use the compensation time feature, an employee must first enter their overtime hours into the system. Once the overtime hours have been entered, the employee can then request time off in exchange for the overtime hours. The system will then calculate the amount of time off that can be taken based on the number of overtime hours worked. 
  
  Tips & Tricks: 
  It is important to keep track of the number of overtime hours worked in order to ensure that the correct amount of time off is taken. Additionally, it is important to note that compensation time cannot be taken in advance; it must be taken after the overtime hours have been worked. 
  
  Related Information: 
  Compensation time is a great way for employees to balance their work and personal lives while still being compensated for their extra hours. Additionally, SAP Personnel Time Management also offers other features such as absence management, shift planning, and time recording.