What is payout in SAP SRD-HR-TM - Time Management?

SAP Term: payout

• Component: SRD-HR-TM

• Component Name: Time Management

• Description: To pay out the remaining balance of a time account to the employee.

Smart SAP Assistant

• Key Concepts: 
  Payout is a feature in SAP SRD-HR-TM Time Management that allows employees to receive their wages in advance. This feature is useful for employees who need to access their wages before the end of the pay period. 
  
  How to use it: 
  To use the payout feature, an employee must first submit a request to their employer. The employer will then review the request and approve or deny it. If approved, the employee will receive their wages in advance. 
  
  Tips & Tricks: 
  It is important to remember that the payout feature should only be used when absolutely necessary. Employees should not rely on this feature as a regular source of income. 
  
  Related Information: 
  The payout feature is similar to other features in SAP SRD-HR-TM Time Management, such as overtime pay and vacation pay. It is important to understand how these features work in order to make the most of them.