What is statutory maternity pay in SAP SRD-HR-PAY - HCM-Payroll Processing?

SAP Term: statutory maternity pay

• Component: SRD-HR-PAY

• Component Name: HCM-Payroll Processing

• Description: A legal entitlement to a specified amount of pay to enable a mother to take leave around the time of the birth.

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• Key Concepts: 
  Statutory Maternity Pay (SMP) is a type of payment provided by employers to employees who are pregnant or have recently given birth. It is a legal requirement in the UK and is paid for up to 39 weeks. The amount of SMP an employee is entitled to depends on their average weekly earnings. 
  
  How to use it: 
  In SAP, the statutory maternity pay component (SRD-HR-PAY HCM-Payroll Processing) allows employers to calculate and manage SMP payments for their employees. The component includes features such as calculating the amount of SMP due, tracking payments, and managing any changes in the employee’s circumstances that may affect their entitlement. 
  
  Tips & Tricks: 
  When setting up the statutory maternity pay component in SAP, it is important to ensure that all relevant information is entered accurately. This includes details such as the employee’s average weekly earnings, start and end dates of their maternity leave, and any other relevant information. 
  
  Related Information: 
  For more information on statutory maternity pay, please visit the UK government website: https://www.gov.uk/statutory-maternity-pay