Benefit Accrual Tracking

Benefit Accrual Tracking

Delivering exceptional customer experiences through intuitive solutions

The Accruals Earnings Module can serve as the master for benefit time, or it can import on a pay period basis, updating available hours from the HR system. Use the Accruals Earnings Module to generate benefit time earned, as well as deduct time taken and maintain accurate editable records of all benefit time. Benefit time can be earned as a percentage of time worked or flat amounts. Both can vary by years of employment. Many parameterized options exist for each benefit Pay Code (e.g., as to when the earned benefit time becomes available to the employee).

Each benefit Pay Code can be set up to check and prevent a supervisor from exceeding available hours, check and allow a supervisor to exceed available hours only after overriding a warning, or not check at all.

In assessing available hours, the Accruals Earnings Module takes the current balance in the Benefit Accrual Table and subtracts hours of that type Pay Code from other areas in TimeTrak not yet reflected in the balance. This yields an accurate gauge of benefit hours available, avoiding, for example, the possibility of a supervisor giving vacation hours this week that are already designated, by employee request, for a week long vacation just two weeks from now.

In addition, The Accruals Earnings Module offers a Pay-Out option of available benefit hours for companies with such requirements.


Having benefit accrual details accessible in the Time and Attendance application is vital for supervisors/managers to have instant access to the time off details.

With the Accruals Earnings Module paper records are eliminated allowing you to focus on other responsibilities.

The Accruals Earnings Module has the ability to exchange data with your Payroll / HRIS System. With the use of our data converter utility, the Accruals Earning Modules has the ability to both import and export the accrual details.


Key Features

Easy

Easily Captures and Calculates Employee Accruals

Simple

Simplify Even Complex Accruals or Earned Time Policies

Accurate

Accurately Generates and Tracks Accruals – Vacation, Sick, PTO, etc

Automate

Automate and Streamline Accrual and Benefit Policies

Informative

Access Current and Reliable Data To Make Important Management Decisions

Real-time

Provides Real-time Reporting and Accrual details for all employees.


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