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Formula for calculating time off
My company is going to a PTO or Paid time off program and employees
will start to ecru time bas3ed on years of service. I am having difficulty creating a spreadsheet to do this becasue of all of the variables involved. I was hoping maybe you woudl have some ideas here that I could poach. Here are the variables. It is all based on calendar years. So if a person started in 2007 on 12-30, as of 1-1-2007 they woudl be at the rate of 1 year since this is when their anniversary falls. Not only are people ecruing time, but there is also a max time that they can have. I will put in a crude table to expalin. Years Weekly Accrual Max hrs 0 1.538461538 120 1 2.153846154 152 2 2.461538462 168 4 3.230769231 248 Then people will use time out of this banked time. I have formulas that will put the time in, but will not change for the next years eccrual rate. Please Help, Jay |
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