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How does Vision Accrue Benefit Hours?

Resolution:  

Vision calculates the number of benefit hours accrued for an employee by referring to the Benefit Accrual Frequency field on the Timesheets tab of the Accounting Configuration form. This configuration field indicates how often the benefit hours are expected to accrue: Monthly, Semi-monthly, Biweekly, or Weekly. Vision divides the annual number of benefit hours to be earned by the employee by the number of times a year that the accrual will happen: Monthly (12), Semi-monthly (24), Biweekly (26) or Weekly (52). Every time the Benefit Hours Accrual Processing is run, Vision will add the hours that should be accrued with each timesheet period.

Example: An employee earns 120 hours of vacation per year and the Benefit Accrual Frequency is set to Semi-monthly.  Vision divides the 120 hours by 24 and accrues 5 hours each time the Benefit Accrual Process is run.

Note: Vision allows a user to re-run the Benefit Accrual process; so note the last processing date so as not to accrue too frequently.