Just wondering if anyone out there is already ultilizing a vacation accrual approach based upon an employees calculated years of service (based upon dates of hire/rehire)? If so, would you mind sharing your forumals and how its setup? TIA
Just wondering if anyone out there is already ultilizing a vacation accrual approach based upon an employees calculated years of service (based upon dates of hire/rehire)? If so, would you mind sharing your forumals and how its setup? TIA
Hi RCousino,
Check out How do I set up a Vacation Pay Accrual? in our knowledgebase - there are example formulas that include both a probationary period and tiered accruals based on tenure.
Thansk!
Hi RCousino,
Check out How do I set up a Vacation Pay Accrual? in our knowledgebase - there are example formulas that include both a probationary period and tiered accruals based on tenure.
Thansk!
I appreciate the response. Thank you! This does help, but it also begs another question for me, "if you accrue units (hrs) per pay period, how are accruals then handled for employees who are active, but may not receive a check in one week, but do the next? How would the system, in week 2, account for the make-up of accrual hours missed in week 1?"
I've never had someone not work at all from one week to the next that is accruing. They are taking vacation or sick and so the accrual happens with those pays as well as their regular pay.
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