Accrual
Policies
An Accrual Policy is used to automatically award
your employees with paid time off based on how
much they work, or on a calendar basis.
Calendar Based Accruals
This type of accrual specifies a set number
of hours that employees receive per year. The
employees assigned to this policy will receive
the accrued time regardless of the number of hours
worked.
Hours Based Accruals
This type of accrual awards your employees paid
time off based on the number of hours worked.
Compensatory Time
Compensatory (Comp) Time is used to award your
employees with paid time off for overtime hours
worked. This is opposed to paying the an accelerated
rate of pay such as "time-and-a-half."
|