Prorated Balance

How can I assign a prorated Balance to Users? 

Upon hiring new employees, depending on how far your company is into its time-off calendar year, you might want to add a prorated balance to each new employees instead of assigning them a full balance.
Keep in mind to add a prorated balance to a policy it needs to be created first.
Also, the prorated balance option is usually used when the policies do not accrue the time throughout the year.

Here's how to create a Prorated Balance:

  1. Time-Off Module
  2. Settings
  3. Prorated Balance
  4. Add New
  5. Continue
  6. If your calendar/fiscal year runs from January to December, and want to set the percentages uniformly, simply click on the corresponding link
  7. If not the percentage can be modified manually.
  8. Save Settings
Please note: Prorated balances are calculated using the user's Hired Date. Make sure to input all users Hired Date under the Staff module.
Prorated Balance is a feature that can be used in conjunction with the time-off policies and length of service accruals allowance change.

Was this article helpful?