What is 'sick pay' in SAP PY-DE - Germany?

sick pay - Overview

• Component: PY-DE

• Component Name: Germany

• Description: Sick pay is received by the employee from the health insurance fund for the period in which he or she is unable to work and is not, therefore, remunerated by the employer. Such payments are usually effected after the period of continued pay has expired.

sick pay - Details

• 
  Key Concepts: 
  Sick pay is a type of payment provided by employers to employees who are unable to work due to illness or injury. In the SAP system, sick pay is managed through the PY-DE Germany component. This component allows employers to track and manage employee absences due to illness or injury, as well as calculate and pay out sick pay. 
  
  How to use it: 
  In order to use the PY-DE Germany component, employers must first set up the relevant parameters in the system. This includes setting up the rules for calculating sick pay, such as the number of days of absence that must be taken before sick pay is paid out, and the amount of sick pay that will be paid out. Once these parameters have been set up, employers can then enter employee absences due to illness or injury into the system and calculate and pay out sick pay accordingly. 
  
  Tips & Tricks: 
  When setting up the parameters for calculating sick pay, it is important to ensure that they are in line with local laws and regulations. Additionally, it is important to ensure that all relevant information regarding employee absences due to illness or injury is accurately entered into the system in order for the correct amount of sick pay to be calculated and paid out. 
  
  Related Information: 
  For more information on how