How does implementing Position Management impact Payroll and Time & Labor?

Hello Community,

We are just starting to look into implementing Position Management either in full or for select business units.  This is the first company I've worked at that's considered using it, so I have no experience with it.  Has anyone else in the community made this change to an existing implementation?    Are there ways that Position Management impacts those modules which might be surprising to someone who hasn't used it before?  Are there any pitfalls or gotchas we should look out for in Payroll or Time & Labor?

Any advice is appreciated.

Thanks