Fixed earning of Hours to the Hour Bank
The BitaBIZ Hour bank can be used for several purposes:
Continuous registration of overtime and time off in lieu, which updates the Hour bank balance.
Fixed earning of hours to the Hour bank on a monthly, quarterly, or yearly basis.
It is possible to combine the two methods above. It is also possible to use the Hour Bank for taking paid time off based on fixed earning only.
This article explains how to enable fixed earning of hours to the Hour Bank balance.
Rules for fixed earning to the Hour Bank:
Fixed earningl can be set to follow a year, quarter, or month.
Earning is added on the 1st of the selected period.
Earning is locked once it has been added to the employees hour bank the 1st during a period. Hence, it will not change if earning rules are changed or removed.
For an employee to receive earning, they must be enrolled on the 1st of the earning period.
Earning always starts from the 1st of the selected period (year, quarter, month).
Newly hired employees therefore do not earn hours in the first period they are enrolled in a fixed hour bank earning policy. Read more [here] about manual adjustment of the hour bank balance for new hires if they are to receive earning during the first period (year, quarter, month).
Enabling Fixed earning to the Hour Bank
Click: Setup Admin → Modules → Open the policy you want to connect to fixed hour bank earning.
Click: the tab "Time Registration - with Hour Bank"
In the Hour Bank section:
Choose the earning period: Year, Quarter, Month
Enter the number of hours to be earned per period
How to monitor fixed earning credited employees Hour bank balance?
Click: HR Statistics -> Report library -> Time registration - with Hour bank
Select the tab in the report "Balance log"
The Balance log report shows fixed earning credited the Hour bank balance of employees.