Fusion Benefits: Proration formula by days or month for New Hire life event
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.
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