Person Selection Formula for Assign Corrective Potential Life Event not picking up future hires

Summary:

We are trying to make a person selection rule to Assign Corrective Potential Life Event(Rate recalculation) effective as on 1st Jan 2025.
Employee hired in future Nov2024 are not getting picked up in the formula.
Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):Below is a sample:
change_contexts (EFFECTIVE_DATE=l_eff_date)
(
IF (l_per_num ='XX') then ( l_output ='Y')
)
)