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eNETEmployer allows you to calculate vacation pay on applicable earning types. You have the option of accruing the vacation amounts until the employee is ready to receive the funds, or you can pay out the vacation amounts each period.
If an employee takes the time off and will be paid from their accrued vacation:
If an employee will receive their entire accrued vacation amount on a given pay run:
If an employee will be paid their vacation pay on every pay run:
The Functions feature allows employees to accrue vacation pay on vacation pay. To do this, simply include your Vacation earning in your Vacation Pay function. eNETEmployer will then calculate accrued amounts that were allocated to the Vacation earning.
Note: This method only works if the vacation amounts are being accrued (i.e. the accumulator's Action is set to "Accrue"). If your accumulator is set to "Always pay", or "This pay only", then you must perform the steps shown in the following section.
To calculate vacation on vacation when the accumulator is set to "Always pay" or "This pay only":
In this case, you must adjust the employee's accumulator rate to include several levels of recursion, so that it will pay out the entire amount as follows:
Recursion Formulas: The adjusted rates shown above were calculated as follows:
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