Annual Policy Configuration
Set the leave calculation formula for the fiscal year. This configuration will be locked for 365 days once confirmed.
Formula Selection
Formula A: Pro-rata by Month
Leave Entitlement * (Months Worked / 12)
Standard calculation suitable for salaried employees with fixed monthly schedules.
Formula B: Pro-rata by Day
Leave Entitlement * (Days Worked / 365)
Precise calculation ideal for dynamic workforces and mid-cycle onboarding.
Security Lock
This setting establishes the foundation for all HR calculations. To maintain fiscal compliance and data integrity, changes cannot be made until the next annual cycle opens.
Next Unlock
Oct 1, 2024