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Fusion Benefits: Proration formula by days or month for New Hire life event — Cloud Customer Connect
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Fusion Benefits: Proration formula by days or month for New Hire life event

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Summary:

Hello,

We have requirement as follows:

During enrollment during open period, the defined rate is applied to all employees. However when when an employee is hired during the year, there need to be a proration formula whereby it takes into consideration the number of days since the employee is hired. Is this feasible?

Example: Hire date 05.02.2022

05.02.22 to 31.12.2022: 330/365*4500=Rs 4,068.

(No of days from 05.02.2022 to 31.12.2022 = 330 days)

If yes, can you please let us know how it can be done.

Thanks.

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