I was just assigned the fun task of cleaning up the company's PTO, which was never tracked before. I am looking for a formula that will allow for the following conditions.
The pay periods are 1-15 and the 16- the end of the month.
0-1 years of service accrue at 1.6 per pay period (twice a month) Cap of 40 hours
1-2 accrue at 3.2 with a cap of 80
2-6 years of service accrue at 4.8 cap of 120
6 + years accrue at 6.4 cap of 160
The employees can roll over there PTO from year to year with the cap in place depending on years of service, I am looking for a formula based off Hire date
Thank you for your help!
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