Holiday Balance Calculations
Calculating Employees annual leave balances can be a headache, with calculations often being time consuming and inaccurate.
Chronicle has developed Holiday Balance and Accrual functionality in-line with UK Government guidelines.
1. Salaried staff - Full time fixed hours or Part time fixed hours
In Chronicle to get the correct holiday balance for a new starter is a simple a one click process.
The user just needs to define the company holiday year, mark an employee start date and define an annual holiday entitlement, the rest Chronicle calculates.
2. Shift Work, No fixed Hours, Zero Hours and Casuals
For the above workers, employees get credited holiday balances based on 12.07% of actuals hours worked....this is automatic.