Accrual Formula
I've got a beauty for you.
From 0-4 years, the employees get 0.83 days accrued per month. From 5-8 years, the employess get 1.25 days accrued per month. 9 and over years, they get 1.70 days per month. I've currently got the worksheet to calculate starting from Jan 1st of each year through December 31st, depending on the years they worked. What I don't have is if they start in the middle of the year, how to calculate accrued time. Also, I've got it set up so that at todays date, if I've used more vacation time than I've accrued, this is the amount that I have to pay back. However, we also need to have it show 30 or 60 days from now in case the employee gives notice. |
Accrual Formula
It's accrual world.
But seriously, don't start on Jan 1. Start on the hire date instead. -- Gary's Student gsnu200703 "Corey H." wrote: I've got a beauty for you. From 0-4 years, the employees get 0.83 days accrued per month. From 5-8 years, the employess get 1.25 days accrued per month. 9 and over years, they get 1.70 days per month. I've currently got the worksheet to calculate starting from Jan 1st of each year through December 31st, depending on the years they worked. What I don't have is if they start in the middle of the year, how to calculate accrued time. Also, I've got it set up so that at todays date, if I've used more vacation time than I've accrued, this is the amount that I have to pay back. However, we also need to have it show 30 or 60 days from now in case the employee gives notice. |
Accrual Formula
Here is a partial model:
in A1 enter: 1/1/2007 In B1 enter a typical hire date 2/15/2002 In C1 enter: =DATEDIF(B1,A1,"y") In D1 enter: =(C1<5)*0.83+(C1=5)*(C1<9)*1.25+(C1=9)*1.7 In A2 enter: =DATE(YEAR(A1),MONTH(A1)+1,1) copy A2 down thru A12 copy B1 down thru B12 copy C1 down thru C12 copy D1 down thru D12 -- Gary''s Student gsnu200703 "Corey H." wrote: I've got a beauty for you. From 0-4 years, the employees get 0.83 days accrued per month. From 5-8 years, the employess get 1.25 days accrued per month. 9 and over years, they get 1.70 days per month. I've currently got the worksheet to calculate starting from Jan 1st of each year through December 31st, depending on the years they worked. What I don't have is if they start in the middle of the year, how to calculate accrued time. Also, I've got it set up so that at todays date, if I've used more vacation time than I've accrued, this is the amount that I have to pay back. However, we also need to have it show 30 or 60 days from now in case the employee gives notice. |
All times are GMT +1. The time now is 03:25 AM. |
Powered by vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
ExcelBanter.com