Accruals for absences

Accruals for vacation or any other type od absence is a feature, thanks to which can employees earn their holidays (another absences types) as they work.

Accruals work like a 'bank'. Employee has to work in order to earn vacation fund. After they have accumulated vacation fund, they can withdraw it.

Let's have a look how and where to set up the Accruals! 

It is available in Setttings/ Absences section.

Once you enter Accruals section, you can add a new one based on the location and choose what should be the periodicity. If you want the accruals to work for a specific user, you would just define their country of operation. 

E.g. Giuseppe's country of operation is Italy, therefore I would add a new accruals policy for Italy to Vacation absence type and assign this absence type to him. 

ATTENTION! You can only setup Accrual policies on the Vacation Event types with the “Fund”.

Each accrual policy will contain these parameters:

• Accrual Type
  • Monthly
    • the accrued time will be accumulating by this formula:
      • Vacation fund for year / 12 (months) = X, and X will be accrued every month
  • Twice a month
    • the accrued time will be accumulating by this formula:
      • Vacation fund for year / 24 (months*2) = X, and X will be accrued twice a month
  • Weekly
    • the accrued time will be accumulating by this formula:
      • Vacation fund for year / 52 (Weeks) = X, and X will be accrued every week

Then you just set up absence types and allow user to use them, for more information how to do it please refer here.