Benefits and Accruals

Benefits and Accruals Module

Eliminate error prone, time consuming, manual accrual calculations.

  • Automatically calculates and updates the balances of each employee’s available benefit time, such as annual, personal and sick leave
  • Accommodates a wide variety of methods for accruing leave time, as well as the many complex rules found in organisations today
  • Keeps leave balances current, and automatically changes employees’ rate of accrual on a specified day based on seniority and entitlement
  • Restricts the number of leave hours that may be carried over from one year to the next
  • Complies with IR regulations

Time & Access Systems’ Benefits & Accruals module allows you to track and manage all types of leave, all in one place, automatically.

It streamlines the entire leave management process including accrual calculations, leave request processing, and granting leave, and ensures that leave time is administered fairly and consistently.  It provides visibility into trends and patterns, showing what type of leave is taken, the day of the week and how often, across any period of time.

The Benefits & Accruals Module accommodates a wide variety of methods for accruing leave time, as well as the many complex rules found in organisations today.  The software keeps leave balances current, and automatically changes employees’ rate of accrual on a specified day based on seniority and entitlement.  Likewise the system will also restrict the number of leave hours that may be carried over from one year to the next.

Employee benefits and accruals are completely integrated with the time and attendance calculations of employee leave balances, and enforcement of leave policies occurs automatically without re-entering data.  It is also integrated with employee scheduling, providing supervisors with the convenience of pre-scheduling leave.

The report capabilities of the Benefits & Accruals module can help identify absence trends, manage them proactively, and make informed decisions regarding employee planning, coverage, and reviews.

Benefits & Accruals is a powerful tool for preventing unauthorised leave time, and is flexible enough to facilitate complex leave and benefits policies.