What is 'hire date' in SAP SRD-HR-PAD - HCM-Personnel Administration?

hire date - Overview

• Component: SRD-HR-PAD

• Component Name: HCM-Personnel Administration

• Description: The date on which a person's work agreement commences with the company.

hire date - Details

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  Key Concepts: 
  Hire date is a term used in SAP Human Capital Management (HCM) Personnel Administration. It is the date when an employee is hired by a company and officially becomes part of the organization. This date is used to track the employee's tenure with the company and to calculate their benefits and other entitlements.
  
  How to use it: 
  The hire date is entered into SAP HCM Personnel Administration when an employee is hired. This information can then be used to track the employee's tenure with the company, calculate their benefits and entitlements, and generate reports. The hire date can also be used to determine eligibility for promotions or other job opportunities.
  
  Tips & Tricks: 
  It is important to ensure that the hire date entered into SAP HCM Personnel Administration is accurate. This will ensure that all calculations and reports are accurate and up-to-date. It is also important to keep track of any changes in an employee's hire date, such as if they are rehired after a period of absence.
  
  Related Information: 
  The hire date is related to other important information in SAP HCM Personnel Administration, such as the employee's start date, end date, and termination date. This information can be used to generate reports on employee turnover, absenteeism, and other metrics.