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Fast Formula for Vacation Accrual
I am working on a 12.2.8 implementation. The client is using OTL, Absence Management (along with SSHR), and Projects. Payroll is processed by a third party, and the third party is the HR system of record. They have a unique vacation accrual plan (below). I'm wondering if all of this can be accommodated in a single Fast Formula attached to a single Accrual Plan.
- Vacation is earned on the anniversary of the hire date. It is not available to be used until that date.
- 1 additional vacation day is awarded on January 1 and July 1 each year, regardless of length of service.
- New hires are given 40 hours of vacation upon hire, with the remainder being awarded on their first anniversary.