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No other system offers the ease of use and flexibility that PlanMyLeave offers in setting accrual rules. PlanMyLeave simplifies the managers job of maintaining records for leave accrual - it automatically calculates leave entitlements based on the rules and policies set in the system. You can define different paid and unpaid leave types and attach separately defined accrual rules to these types to accrue leave in days or hours.
Accrual rules and policies can be set easily as well as inherited at different levels – company, location or department or even based on job title. It can also be customized for each employee if required.
Accrue based on Length of service
PlanMyLeave has the most comprehensive and easy to define accrual rules. You can customize your own leave types by attaching different rules based on different factors like employee length of service. For example you want to award those who complete more years at work by allotting more vacation time - you can attach different accrual rules that would accrue leave balances differently after completion of one year, two or five years or whatever defined.
Prorated Accrual
You can define whether accrual can be prorated or not. Prorating means that users will accrue time, based on the accrual rate you specify, for the following time periods: i.e. from the policy effective date to their first accrual. Prorating reflects an "earned leave" approach to accruals – employees accrue based on time worked in the preceding accrual period. If you choose no prorating, the set, flat accrual amount will be added on each defined accrual day.
The leave calculator engine can be set to work based on the start date of employment or a specified date. It runs automatically in the background and updates current leave balances that employees and managers can view on their dashboard.