How to set up Scheduled Accrual when creating a policy
1. Click on Policies.
2. Click on + Add new policy.
3. Click on Scheduled Accrual on the top heading.
4. Specify if the employees are given Time Off allowances on a scheduled basis.
Yes: Select this if you want your employees to receive time off allowances on a yearly or monthly basis.
No: Select this if you intend to manually control time off allowances for your employees.
5. If you have selected Yes, type in the amount that will be given at each scheduled interval.
In days: If the policy time tracked is in days.
In hours: If the policy time tracked is in hours.
6. Amount is given: select the interval that the above amount will be given on.
Yearly: choose this if you want that amount to be given every year.
Monthly: choose this if you want that amount to be given every month.
7. Specify the date or day of the month (depending on interval length) at which the base amount should be given.
The employee’s start anniversary: This will automatically allocate based on the hire date of the employee on each interval outlined above.
Select a date or day of month: This will allocate the base amount to all employees on the specified date or day of the month.
8. Select what happen when an employee enrolls in a policy between scheduled accrual dates.
They are given prorated time off on the next accrual date: Select this if you want your employees to receive their applicable allowance value on every accrual date thereafter.
9. Prorating time off when employees are added to time off policies often creates decimal balances. You can choose to round these values to ensure that employees receive full units of time they can book off.
Don't Round: This leaves decimal values unchanged.
12.77 hours -> 12.77 hours
12.73 hours -> 12.73 hours
12.75 hours -> 12.75 hours
Round to the nearest unit: This rounds values to the nearest full unit as specified by the policy.
12.77 hours -> 12.8 hours
- 12.73 hours -> 12.7 hours
- 12.75 hours -> 12.8 hours
Round up to the nearest unit: This rounds values up to the nearest full unit.
12.77 hours -> 12.8 hours
- 12.73 hours -> 12.8 hours
- 12.75 hours -> 12.8 hours
Round down to the nearest unit: This rounds values down to the nearest full unit.
12.77 hours -> 12.7 hours
- 12.73 hours -> 12.7 hours
- 12.75 hours -> 12.7 hours
10. Click Save.
Related Articles
How to create a time off policy
1. Navigate to Time Off, then under Manage Time Off, click Policies. 2. On the Policies Overview screen, you can view your existing policies as well as create new ones. Click + Add New Policy to create a new time off policy. 3. The Edit policy wizard ...
Frequently asked questions - Time Off
Policy management Q: How does Time Off accrual work and what does an employee see for their available balances? There’s two ways to set up policies: yearly or monthly accruals. Yearly: Yearly accruals are set using a reset date where a portion of ...
How do I override an employee's accrual?
Individual accrual override 1. Navigate to the employee's Time Off Dashboard by selecting "View Dashboard" from the Time Off tab. 2. Click "Override Accrual" on the card of the relevant policy. 3. Enter a new accrual amount and note (optional) in the ...
How to modify an employee's time off balance
1. Use the search bar to find the desired employee and click their name to open their profile. 2. Once on the team member's profile, switch to the Time Off tab and click View Dashboard on the top right corner. 3. On the top right of every ...
Understanding words and terms used in Time Off
Here you can find a table of words you'll encounter within Time Off and their definitions. If you have any questions or need more clarity on something listed here, reach out to support@risepeople.com at any time. General terms Manual or guide A ...