What is floating holiday in SAP PT - Personnel Time Management?

SAP Term: floating holiday

• Component: PT

• Component Name: Personnel Time Management

• Description: A public holiday that occurs the same number of days after Easter Sundayeach year, for example, Whit Sunday.

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• Key Concepts: 
  A floating holiday is a type of leave entitlement in SAP Personnel Time Management (PT). It allows employees to take a day off from work without having to use their regular vacation days. The employee can choose when to take the day off, as long as it is within the same calendar year. 
  
  How to Use It: 
  In order to use a floating holiday, the employee must first request it from their manager. The manager can then approve or reject the request. If approved, the employee can then select a date within the same calendar year to take the day off. 
  
  Tips & Tricks: 
  It is important to remember that floating holidays are only valid for one calendar year. If an employee does not use their floating holiday before the end of the year, it will be forfeited and they will not be able to use it in the following year. 
  
  Related Information: 
  Floating holidays are just one type of leave entitlement available in SAP PT. Other types of leave entitlements include vacation days, sick days, and personal days. Each type of leave entitlement has its own set of rules and regulations that must be followed in order for an employee to take advantage of them.