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HRtrax Time-Off Accrual Module
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Maintain
employee's time-off accrual earnings, usage and balances with the HRtrax accrual
module. This module provides flexibility via rules driven tables capable of adhering to
many of the most complicated accrual
plans. There are no practical limits on the number of accrual
plans on-file. Employees may participate in a plan based on their
employment status or assigned a specific accrual set that may apply to
many or just one employee.
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Flexible Accrual Tables
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Accrual tables may be setup to recognize multiple employee
accrual-earning levels based on length of service. Setup
accrual calculations to occur each pay period, monthly, on employee
anniversary, employers fiscal year end or year beginning, etc..
Limits may be set for maximum accrual balances and maximum
carry-over amounts which provide control over
values in current and new accrual periods.
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Convenient Accrual Schedules
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Accrual schedules/calendars are setup within HRtrax to control the
accrual frequency and processing dates used for calculating accrual
earnings. On each scheduled date, the system will
automatically notify the user during sign-on that accrual
calculations are due to be processed. Launching the accrual
earnings calculation becomes a simple mouse-click, and the entire
process takes only seconds to complete. For example, 1000
employees, each with 4 time-off accrual accounts, will calculate in
less than ten seconds!
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Quickly Post Usage and Maintenance
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Posting Time-Off Accrual usage requires a minimum amount of effort.
Simply bring up the employee's accrual record and enter the date, free form comments when
appropriate, and the hours used (the system automatically displays
available balances as well as the date and amount of the "next"
accrual earnings). You can even setup the system
so this usage entry is automatically forwarded to your time and
attendance system for payroll entry.
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Accrual Reporting
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As in all of HRtrax, the system does not purge accrual entries
without user request, therefore all accrual earnings, usage, and
adjustment entries are available for current and point-in-time reporting.
Standard accrual reports show beginning balances, earnings, adjustments,
usage, ending balance, and balance values based on point-in-time
employee wage amounts. Flexible report options allow you to
produce current or point-in-time historical reports in detail or
summary form, ordered by organizational level, accrual code,
employee, and more.
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