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Configure the following rules when you create an absence accrual plan in accordance with the leave policy of your enterprise:
1. Accrual Term
- An accrual term of one calendar year that restarts on January 1
- An accrual term that starts on the worker's annual hire date and restarts on every anniversary
2. Plan Eligibility
- Associate an eligibility profile with the accrual plan to determine the set of workers who can enroll in that plan.
3. Enrollment Rules
- Decide when to enroll workers in the accrual plan (automatically enroll workers when they are hired)
4. Termination Rules
- When a worker is terminated or losses eligibility to a plan:
- If the worker has a positive absence balance, you can disburse the amount for payment
- If the worker has a negative absence balance, you can choose to recover the amount from the last pay
5. Waiting period and vesting period
- Define a waiting period if you want newly enrolled workers to accrue time only after a specific amount of the time elapses after the enrollment date.
- Define a vesting period if you want newly enrolled workers to accrue time, but not use it until after a specific amount of time.
6. Plan Limits
- Configure the following plan limits
- Carryover: the maximum leave time that workers can accrue
- Celling: the maximum leave time that workers can carry over to the next term
7. Adjustments
- You can enable the following types of adjustments that HR specialists can make during the maintenance of absence records and entitlements.
- Discretionary disbursements of accrual balance
- Accrual balance transfer across plans
I hope this blog post was helpful for you. If you have any questions or feedback, please leave a comment below.