Introduction
There are a lot of configuration options available when one tries to create a new Accrual Absence plan. Waiting Period and Vesting Period are a couple of them and they do play a important role in identifying critical components like when an individual gets enrolled into the plan, when will the individual start accruing balance, what would be the balance on different dates and so on.
We would try to explain all the concepts in this post. And we will start with configuring a new Absence Accrual Plan. So without much ado let’s get started.
An Absence Accrual Plan is configured with following setup:
Plan Name: Paid Leave
Plan UOM: Days
Plan Term: 01-Jan:31-Dec
Enrolment Start Rule: As of Event
Waiting Period: 1 Month
Eligibility: No Eligibility Rules (Applicable to All)
Accrual Method: Incremental
Balance Frequency Source: Repeating Period
Repeating Period: Monthly
Partial Period Accrual Rule: None
Accrual Rule: 2 Days per month
Vesting Period: 3 Month
An employee joins on 01-Jan-2020
.
----------------------------------Question Start----------------------
Q1. What will be his/her plan enrollment date?
Option1: 01-Jan-2020
Option2: 01-Feb-2020
Option3: 01-Apr-2020
Option4: 01-May-2020
----------------------------------Question Start----------------------
Q2. Balance as on 01-Jan-2020?
Option1: 2 Days
Option2: 0 Day
Option3: 1 Day
Option4: No Balance (Not Enrolled in Plan)
----------------------------------Question Start----------------------
Q3. Balance as on 01-Feb-2020?
Option1: 2 Days
Option2: 0 Day
Option3: 1 Day
Option4: No Balance (Not Enrolled in Plan)
----------------------------------Question Start----------------------
Q4. Balance as on 01-Apr-2020?
Option1: 2 Days
Option2: 0 Day
Option3: 1 Day
Option4: No Balance (Not Enrolled in Plan)
----------------------------------Question Start----------------------
Q5. Balance as on 01-May-2020?
Option1: 2 Days
Option2: 0 Day
Option3: 6 Days
Option4: 8 Days
----------------------------------Question Start----------------------
Q5. Balance as on 31-May-2020?
Option1: 2 Days
Option2: 0 Day
Option3: 6 Days
Option4: 8 Days
Comments
to your visitors? Is going to be again frequently to inspect new posts
You are incredible! Thanks!
my web blog ... big hit: https://Songs.media/tag/machine-gun-kelly-till-i-die-remix/
and more.
reviews every day along with a mug of coffee.
I by no means discovered any interesting article like yours.
It is beautiful value sufficient for me. In my opinion, if all site owners
and bloggers made excellent content as you did, the internet will
be a lot more helpful than ever before.
from PHP. I have always disliked the idea because of the costs.
But he's tryiong none the less. I've been using Movable-type on a number of websites for about
a year and am nervous about switching to another
platform. I have heard excellent things about blogengine.net.
Is there a way I can transfer all my wordpress content into it?
Any kind of help would be really appreciated!
site. Keep up the good writing.
I needs to spend some time learning much more
or understanding more. Thanks for great information I was looking for this information for
my mission.
to say that I've really enjoyed surfing around your blog posts.
After all I'll be subscribing to your rss feed and I hope you write again very soon!
RSS feed for comments to this post