Final answer:
The component in question is a setting within Time and Attendance or Workforce Management software systems, which controls the workflow notifications for time card submissions. It's typically found in systems used at the corporate or enterprise level to ensure that employees and managers are informed about the status of time submissions and approvals.
Step-by-step explanation:
The component that specifies whether to enable informational workflow related to time card submissions for workers and managers is typically a setting within a company's Time and Attendance or Workforce Management software system.
This function is usually configurable and can be tailored to the company's policy on tracking and approving time cards. When enabled, it automates the process of notifying managers about time card submissions that require review or action, and can alert employees about the status of their time card submissions, such as when they are approved or if there are any issues that need to be resolved.
Configuring this component effectively can help streamline operational efficiencies, ensure timely payroll processing, and maintain compliance with labor laws and company policies.