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Formula for Calculating Paid Time Off for fiscal anniversary date real time

  1. #1
    Registered User
    Join Date
    11-07-2012
    Location
    DE
    MS-Off Ver
    Excel 2003
    Posts
    1

    Formula for Calculating Paid Time Off for fiscal anniversary date real time

    Hello, all of our employees accrue paid time off based on their tenure. We do not allow any carryover of vacation time, therefore employees begin at a zero balance on their anniversary date. The accrual rate is as follows:

    Tenure (in Months) Accrual Amount in HOURS Accrual Amount Per Biweekly Payroll Period
    0 months to < 12 months 56 Hours 2.16 Hours
    12 months to < 24 months 64 Hours 2.47 Hours
    24 month to < 36 months 72 Hours 2.77 Hours
    36 monthsto < 48 months 80 Hours 3.08 Hours
    48 months to < 60 months 88 Hours 3.39 Hours
    60 months + 96 Hours 3.70 Hours

    I would like to open up my spreadsheet and be able to see how much time a person has accrued to date based on their anniversary date. How would I go about putting something like this together?

  2. #2
    Forum Contributor
    Join Date
    11-05-2012
    Location
    India
    MS-Off Ver
    Excel 2010
    Posts
    229

    Re: Formula for Calculating Paid Time Off for fiscal anniversary date real time

    Could you upload a sample sheet? We would be able to help you much better...
    Taming the Excel dragon... www.TheExcelphile.com

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