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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

 


Ashish Harbhajanka

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How vesting rule will works in terms of Front-Loaded and yearly repeating period in the above case.
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About the Author

Ashish Harbhajanka

 

Oracle Fusion HCM Techno Functional Consultant with overall 10 years of Experience in software industry with 5 years in EBS HRMS and rest 5 in Fusion HCM.

My areas of intesrest in Fusion HCM include :

a) Inbound Outbound Integration using FBL/HDL or BIP/HCM Extracts.

b) Fast Formula

c) BIP Reports

d) OTBI Reports

e) RESTFUL API / Web Service Call

f) Functional Setup

g) End to End Testing

h) Regression Testing

i) Preparing COnfiguration Workbooks

j) Creating Speed Solutions

k) Preparing User Guides

l) UPK

........

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