Absence Accrual $$ Balance Updated for Pay Rate Change

Summary

Absence Accrual $$ Balance Updated for Pay Rate Change

Content

Currently in Oracle Fusion, our vacation accrual only reflects pay rate changes for current period accruals and usage. However, we need the vacation accrual $$ balance to reflect the pay rate change for the balance from the prior period as well.

Example: Employee had 100 hours of vacation accrued @ $50/ hour in prior period. In the current payroll period, the employee accrued 5 hours and used 10 hours and their rate of pay increased by $1 at the start of the current period. Currently, the ending vacation accrual is $4,745.

(100 x $50 + 5 x $51 - 10 x $51) = $4,745

Instead, we wish to effect the pay rate change for all prior period balance of hours as well so that the ending vacation accrual would be $4,845