Accrual Policies

An accrual policy is the schedule upon which your employees earn paid time off hours. There are two types of accrual policies, Calendar Based and Hours Worked Based.

A Calendar Based accrual policy is set up to specify a set number of hours that an employee is to receive per year. The employees assigned to this policy will receive this time regardless of the number of hours worked.

An Hours Worked Based accrual policy gives employees a number of accrued hours based on the number of hours worked.

Length of Service Milestones are used to specify the number of hours that the employees are to receive, as well as the rate at which the hours will accrue. Multiple milestones can be entered for each accrual policy.
Example: An employee receives 10 hours of Vacation time per year until they have been with the company for three years, at which point they receive 20 yearly Vacation hours. Two Length of Service Milestones would be entered, one for each level of vacation received.

• How do I Insert a Calendar Based Accrual Policy?
• How do I Insert an Hours Worked Based Accrual Policy?
• How do I Edit, View or Delete Existing Accrual Policies?
• How do I Assign Employees to an Accrual Policy?