The end of the year is coming!
Employees realize that they may have forgotten to submit time off requests for the holiday season, and as an Admin you wish to anticipate what the employees balances will be upon their return from the holiday season and avoid balance discrepancies due to improper time off requests or unused days that were not carried over to the following year and were lost.
This article discusses in detail the recommended steps to take, when it comes to the time off settings, so that end of year balance is managed properly.
It applies to customers whose holiday/vacation is tracked annually (from January - December).
We advise, that before the annual cycle ends, to check the carryover settings for all the policies whose balances are tracked in order to make sure whether unused days will be carried over to the following year or will be discarded.
- In the time off settings, you can check whether a given policy has carryover enabled (allowed) by adding the "Maximum annual carryover amount".
- If the value is greater than zero, it means that carryover of some of the days/hours is allowed.
- If this column does not show on the grid, click the "Column picker" and tick the "Carryover" category
- To edit the carryover settings for a given policy, click the policy and the policy summary screen will show
- From the Action menu, click edit to open the policy wizard.
- Navigate to step no. 3 "Allowance" and review the "Carryover" section.
- Switch off the "Set carryover limit" if all unused days/hours can be carried over to the following year
- To limit the amount of days/hours that can be carried over, enter a value in the "Max days/hours". For example, by entering 5, of the remaining balance, only 5 days will be carried over.
- If no carryover is allowed, type 0 in the "Max days/hours" field.
- If the policy is set as an annual cycle (this can be checked in the previous step "Cycle"), an additional field called "Expiration" will allow you to set an expiration date offset (in months) as to how long will the carried over days/hours will be at the disposal of the employee before they are discarded.
Configuring expected deduction
You can define whether the expected deduction will be displayed or not and how long before the carryover event will the expected deduction message show.
To set it up go to the policy settings, open wizard for the desired policy, go to step 5 (Display), and turn on the ‘Display alert’ and define whether it will be shown from the beginning of the cycle or only in a given amount of days\weeks\months before the event:
Setting up Year of Service (YOS) in a TO policy
As an admin, you have the power to define an employee’s annual increase of Years of Service (YOS) allowance, as well as the exact date in which it takes effect. For instructions on how to set up YOS dates via pay cycle or sync dates to an employee’s work anniversary, click here.
Setting a cutoff time to the cycle
For those employees who did not properly plan their holiday season vacation and forgot to submit time off requests for the current year, a good idea is to set a cycle "cutoff time", to allow employees to submit time off requests for the previous cycle upon their return from the holiday before it is locked (that is the balance is calculated and any change will no longer affect it).
To check the current cutoff settings, from the policy grid, check the cycle field settings.
The cycle field shows how the cycle is made up with:
Check the third field to tell whether the cutoff days are set
Another option to see how cutoff is set is to click a policy, and in the summary page, check the value in the "Cutoff (days)" under the "Cycle" section
To see how the cutoff time actually applies to the previous cycle, click "Edit" from the action menu and navigate to step 2 in the wizard - "Cycle".
Based on the "Cutoff (days)" field, the upcoming cycles and their cutoff days will show below.
For example, for an annual cycle that runs from January - December, setting 45 days of cutoff time means that up until the following February 15th, employees will be able to request time off for the previous cycle and still have their balance recalculated". So for the current year cycle (01/01/2021 - 31/12/2021), employees will be able to make changes to this year's cycle up to 15/02/2022. After that, the cycle will be locked.
- As a preemptive action to avoid messing up the balances, we have locked the option to change the cutoff time after employees were assigned to the policy. If the customer needs to change the cutoff settings, it will have to be managed as a backdoor request via CFIT. Please provide the customer's name, policy name and the desired cutoff value.
- Changing the cutoff time must be done before the current cycle ends (before 31/12).
- Cutoff time means that payroll run is delayed as you allow the employees to make changes to the balance and only then lock the cycle. Please consult with your Payroll team when it comes to payroll processing date before changing the settings