Payroll | Leave Setup | Annual Leave Tables | Setup tab
Summary |
This method (like the Fixed accrual method) is recommended for employees whose days/hours are consistent (don't change) from pay to pay. The main difference between Standard and Fixed is that Standard accrues a proportion of annual entitlement based on the number of calendar days in a given pay divided by number of days in the annual leave cycle. Example: If employees annual leave entitlement = four weeks (160 hours); then for each pay frequency employees would accrue at the following rates:
The following employees WILL NOT accrue with this method:
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Accrual formula |
= Accrual * (days between 'start date' and 'end date' inclusive + adjustment days) / 'AL Days in cycle' Where
Examples
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Accrual calculation method |
Note: For the purposes of this section, 'days between start date and end date inclusive' is referred to as 'Days in this pay period' For example, an employee has the following annual leave values:
1. Calculate the period proportion:
2. Calculate the pay period accrual:
3. Calculate the current Total accrued:
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Used for |
This method of unit accrual is available for:
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At Rollover |
When you process a pay the contains the employee's annual leave end date PayGlobal splits accrual for the pay so that the proportion pre-rollover is placed into the employee's outstanding annual leave and the proportion post roll-over is the correct amount going in the accrual value for the new annual leave year. NOTE: If you terminate an employee in the same pay period as their annual leave anniversary, PayGlobal ignores the rollover process. |
See also |