What is 'short-time work' in SAP SRD-HR-TM - Time Management?

short-time work - Overview

• Component: SRD-HR-TM

• Component Name: Time Management

• Description: A legal, temporary situation in a company in which employees work less and are compensated by an authority.

short-time work - Details

• 
  Key Concepts: 
  Short-time work is a form of working time reduction in which employees work fewer hours than usual. It is a measure used by companies to reduce labor costs during times of economic hardship. It is also known as “work sharing” or “reduced hours”. 
  
  How to use it: 
  In SAP, short-time work is managed through the SRD-HR-TM Time Management component. This component allows companies to set up and manage short-time work agreements with their employees. It also allows companies to track the hours worked by employees on short-time work agreements and calculate the associated costs. 
  
  Tips & Tricks: 
  When setting up a short-time work agreement, it is important to ensure that the agreement meets all legal requirements. Additionally, it is important to ensure that the agreement is fair and equitable for both the employer and employee. 
  
  Related Information: 
  For more information on short-time work in SAP, please refer to the SAP Help Portal (https://help.sap.com/viewer/product/SRD_HR_TM/). Additionally, for more information on legal requirements for short-time work agreements, please refer to your local labor laws.