How to Configure Time Off Accruals - Mono-Tier

Mono-Tier accruals are supported in Nexonia if your organization grants an amount of time off based on a set period (ex. Weekly, Monthly, Yearly).

To create a mono-tier bank navigate to: Settings > Company > Time Off > Time off banks > Add.

Fill in the Name for this bank and check Accruals. Define the parameters the accruals will work based off of. Refer to the article Creating a Time Off Accrual Bank to review the configuration for the bank prior to the Accruals Method. We'll provide instructions below on how to create a mono-tier accrual calculation.

In the below example, we see employees accrue 15 days of vacation per year, and can only carry over 3 days into the next year (period). 

 Accrual Method

Mono-tier: Accruals are based on a simple calculation. Only one accrual rate is calculated and the concept of seniority (employee's number of years with the company) is not taken into account in the calculations.

• Accrual Value:

• The Accrual Value field can be:
  - a number entered directlly in the field
  - a custom field at the user level
  - a custom field at the region level
  - an expression made up of the user or region custom field
• When typing the dollar sign '$' in the field, a drop-down list of all valid custom fields will be available for selection.
  Valid custom fields have been created in Setup > Company > Custom Fields > Other and are of Object Type 'User' or 'Region' and are of Type 'text' or 'float'.
• When using a custom field of Object Type 'User', the value of the custom field is defined in Setup > Users > User > <name of the custom field>.
  When using a custom field of Object Type 'Region', the value of the custom field is defined in Setup > Company > Region > <name of the custom field>.

Value defined by:

• • Year : the value in the field 'Accrual Value' is the total of days/hours accrued for the year. If the accrual period is shorter than a year, the accrued amount in each period is a fraction of the Accrual Value defined for the year.
  • Period : the value in the field 'Accrual Value' is the actual number of days/hours accrued for each period.

Maximum:

• The maximum amount of days/hours that a bank can ever have (It would make sense to have the maximum be greater than the carry over.)

  This field can be a number or an expression (both user type and region type custom field values are supported).

  No more accruals will be added (from the accruals batches) to the bank once this maximum has been reached .

• • Empty field: no maximum is applied.

Accruals preview button:

• Gives you the number of hours/days that will be accrued per period (not per tier) in each different tier.
• Will let you know the seniority of each employee that is in the bank you are setting up.