Holiday Balance

Holiday Balance Overview

The vacation balance consists of three segments: Available (the number of vacation days available for the current holiday year, typically from April 1st to March 31st), Accrued (the number of days accrued for the next holiday year, available for use then), and Per Month (how many vacation days are accrued by the employee each month).

Automated Balance Updates

Available Balance: Reflects the total vacation days an employee can use within the current holiday year, ensuring clarity on available downtime.
Example Use Case: An employee checks their available balance before planning a summer holiday, ensuring they have sufficient days for the intended break.

Accrued Days: Shows the vacation days accumulating for the upcoming holiday year, which become accessible at the start of the new holiday period.
Example Use Case: Post-March, an employee reviews the accrued days to understand how many additional vacation days have been earned for future planning.

Monthly Accrual: Indicates the rate at which vacation days are earned each month, offering insight into how leave entitlement grows over time.
Example Use Case: A new employee monitors their monthly accrual to estimate when they will have accumulated enough days for a planned vacation later in the year.

Vacation balances update automatically as days are accrued or taken, providing employees and management with real-time visibility into leave entitlements and usage, facilitating informed vacation planning and management.

Updated on: 24/03/2024