Global Absence Carryover Proration
The Global Absence Carryover Proration fast formula can be used in cases where a proration factor (or a multiplication factor) needs to be applied onto the maximum carryover limit.
An organization might have a rule which asks for the carryover to be prorated based on FTE or even their job. In such a case, after the carryover rule is defined, the carryover proration rule can be composed to return a proration factor which will be multiplied onto the carryover amount before returning the final value against the worker’s enrollment data.
Configuration Point in HCM Cloud
If you have created this formula, you can attach this formula to the absence plan definition.
Navigation
- In the Absence Administration work area, click Absence Plans to open the Absence Plans page.
- On the Search Results section toolbar, click Create to open the Create Absence Plan dialog box.
- In the Plan Type field, select Accrual.
- Click Continue.
- On the Edit Absence Plan page Accruals tab Plan Limits section, select a value other than None in the Carryover Rule field.
- After defining the carryover rule as desired, select Formula in the Carryover Proration field.
- Select the defined formula from the Carryover Proration Formula field
Contexts
The following contexts are available in this formula type:
| Context Name | Data Type |
|---|---|
| ABSENCE_ENTRY_ID | Number |
| ABSENCE_TYPE_ID | Number |
| ACCRUAL_PLAN_ID | Number |
| DATE_EARNED | Date |
| EFFECTIVE_DATE | Date |
| END_DATE | Date |
| ENTERPRISE_ID | Number |
| HR_ASSIGNMENT_ID | Number |
| HR_RELATIONSHIP_ID | Number |
| HR_TERM_ID | Number |
| JOB_ID | Number |
| LEGAL_EMPLOYER_ID | Number |
| LEGISLATIVE_DATA_GROUP_ID | Number |
| ORGANIZATION_ID | Number |
| PAYROLL_ASSIGNMENT_ID | Number |
| PAYROLL_ID | Number |
| PAYROLL_RELATIONSHIP_ID | Number |
| PAYROLL_TERM_ID | Number |
| PERSON_ID | Number |
| START_DATE | Date |
Input Values
| Variable Name | Data Type | Description |
|---|---|---|
| IV_ACCRUAL | Number | Accrual value received from the accrual matrix |
| IV_CARRYOVER | Number | Carryover limit received from accrual matrix |
| IV_CEILING | Number | Ceiling limit received from the accrual matrix |
| IV_ACCRUALPERIODSTARTDATE | Date | Start date of accrual period |
| IV_ACCRUALPERIODENDDATE | Date | End date of accrual period |
| IV_CALEDARSTARTDATE | Date | Start date of accrual calendar year |
| IV_CALEDARENDDATE | Date | End date of accrual calendar year |
| IV_PLANENROLLMENTSTARTDATE | Date | Start date of enrollment |
| IV_PLANENROLLMENTENDDATE | Date | End date of enrollment |
| IV_ACCRUAL_CEILING | Number | Annual accrual limit from the accrual matrix |
Return Variables
| Variable Name | Data Type | Description |
|---|---|---|
| prorationFactor | Number | Multiplication factor for carryover |
Sample Formula
Requirement: The organization has a carryover rule which allows workers to carry forward only 5 days of their vacation balance into the next year. This carryover needs to be prorated by FTE for workers who have the jobs ‘Wealth Management’ or ‘Trade Associate’ assigned against their assignment record.
Solution: A Global Absence Carryover Proration formula such as the one below can be used.
FORMULA NAME: ANC_CRRYOVRPRORAT
FORMULA TYPE: Global Absence Carryover Proration
DESCRIPTION: This formula returns the proration factor for the carryover limit for the absence plan
DEFAULT FOR PER_ASG_FTE_VALUE IS 1
DEFAULT FOR PER_ASG_JOB_NAME IS ' '
prorationFactor = 1
IF (PER_ASG_JOB_NAME = 'Wealth Management Consultant' OR PER_ASG_JOB_NAME = 'Trade Associate')
THEN
(prorationFactor = ROUND(PER_ASG_FTE_VALUE,2))
RETURN prorationFactor