+ Reply to Thread
Results 1 to 2 of 2

PTO Accrual Formula for Multiple Tiers

  1. #1
    Registered User
    Join Date
    08-19-2020
    Location
    San Mateo, CA
    MS-Off Ver
    2016
    Posts
    1

    PTO Accrual Formula for Multiple Tiers

    Hi,

    We 6-tiers of PTO accruals for employees that start as of their date of hire. The breakdown of the tiers are listed below.

    Per Pay Cycle 5 5.33 6 7.67 8.67 10
    Per Hour 0.0577 0.0615 0.0692 0.0885 0.1000 0.1154


    For example, Alex started 10/18/2019 (1 year 10 mos) and his accrual rate is 5 hours per pay cycle. We would like to project how many hours will he accumulate through the end of the year based on his YOS? That way we can calculate the liability we will have accrued by then.

  2. #2
    Forum Guru
    Join Date
    08-28-2014
    Location
    USA
    MS-Off Ver
    Excel 2019
    Posts
    17,430

    Re: PTO Accrual Formula for Multiple Tiers

    Hello Lopeze85 and Welcome to Excel Forum.
    It is customary for the person making the request to produce a sample of their setup along with manually calculated output (instructions in banner at top of the page).
    As you are new I have provided a sample based on my understanding of what you want.
    A small table is set up in columns V:Y to show the relationship of PTO hours to YOS.
    There was no mention of when a person would move from one tier to the next, so I used 1 year in the sample. That can be changed by changing the values in column V.
    The formula to determine the number of months worked between the hire date and the end of the year is: =DATEDIF($D2,$E2,"m")
    The formula to determine the amount of PTO for each tier worked is: =MAX(0,MIN(G$1,$F2-SUM($F$1:F$1))*INDEX($X$2:$X$7,MATCH(G$1,$W$2:$W$7,0)))
    I imagine that there will need to be modification to this proposal. If so please include an .xlsx file when you respond.
    Let us know if you have any questions.
    Attached Files Attached Files
    Consider taking the time to add to the reputation of everybody that has taken the time to respond to your query.

+ Reply to Thread

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. [SOLVED] Macro to calculate $ - multiple possible Tiers
    By cawohler in forum Excel Programming / VBA / Macros
    Replies: 1
    Last Post: 06-30-2020, 01:26 PM
  2. Making tiers of pay based off multiple cells data
    By gufemur in forum Excel General
    Replies: 7
    Last Post: 04-27-2018, 11:46 AM
  3. Commissions With Tiers Formula
    By shmeetbag in forum Excel Formulas & Functions
    Replies: 12
    Last Post: 07-07-2016, 03:05 AM
  4. Replies: 4
    Last Post: 01-20-2015, 11:51 AM
  5. Multiple Price Tiers for Excel Estimate.. HELP!
    By justinrmjc in forum Excel Formulas & Functions
    Replies: 2
    Last Post: 02-18-2014, 09:28 PM
  6. Multiple tiers, incremental percentages
    By Dougie12. in forum Excel General
    Replies: 8
    Last Post: 01-23-2012, 08:58 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Search Engine Friendly URLs by vBSEO 3.6.0 RC 1