Example: Accrual policy for an employee
The accrual policy includes the calculation of accrued time-off hours until the next accrual schedule. The policy can be set for an activity Core component of both schedules and time records in Workforce Management (WFM). When an employee performs any kind of work, activities specify the scheduled work and capture employee adherence to their schedule. type or individual activity.
Example: Calculating accrual for an employee
An employee joins the company on March 1, 2018.
Their accrual schedule is 12 hours per year, accrued on January 1.
The accrued hours until the next accrual schedule are based on the following selections:
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Allot all hours on start date: All 12 time-off hours are allotted to the employee immediately, even though the employee was not employed at the organization on Jan 1, 2018. 12 hours are accrued on Jan 1, 2019.
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Allot prorated hours on start date: Nine hours are allotted to the employee based on the fact that nine months are left until the next accrual schedule, which is Jan 1, 2019. 12 hours are accrued on Jan 1, 2019.
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Earn all hours on next accrual schedule: No hours are allotted on the start date. The employee accrues 12 hours on Jan 1, 2019.
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Earn prorated hours on next accrual schedule: No hours are allotted on the start date. The employee accrues nine hours on Jan 1, 2019, having worked for nine months at the time of accrual. (You can set the accrual rate for each employee individually from the Profiles page of the User Management Module that an administrator uses to create a profile for each employee in their organization. module.).