+ Reply to Thread
Results 1 to 2 of 2

Formula for vacation accrual

  1. #1
    Registered User
    Join Date
    08-20-2013
    Location
    yard
    MS-Off Ver
    Excel 2003
    Posts
    1

    Formula for vacation accrual

    Good day everyone:

    In my office, the HR representative has to manually calculate an employees vacation days. So I was thinking if it's possible to create a spreadsheet for her to help her out a bit.

    I'm seeking some assistance in creating a spreadsheet with some formulas to assist. I'm not that familiar with formulas at all to complete this on my own and therefore seeking some assistance.

    These are the conditions of the sick/vacation policy:

    1. Each employee is granted 10 paid sicks days every year, but these days aren't carried over into the new year. For sick days, it's on a January - December calender year rather than anniversary year. A new employee has to complete a 3 months probationary period before they're entitled to paid sick days.

    2. We consider a 'year' of employment on the anniversary that the employee has been working there. This is for vacation only. For example, in an employee's first day on June 01, 2012, then their anniversary date is June 01, 2013.

    3. Vacation days available: A formula that can provide the figure, in days with the following stipulations: (a) after an employee’s 3 months probation, they’re entitled to 10 days paid sick leave (b) during the first 12 months of employment and has worked not less than 110 days, employee may be granted leave with pay at a rate of 1 paid vacation day for every 22 days one which employee worked) if the person isn’t entitled to vacation, based on above criteria, then the 'FALSE' ought to be displayed in spreadsheet.

    4. Vacation days to be paid :A formula that can provide the figure, in days with the following stipulations: (a) a worker who has worked more than 220 days in any year of employment, is entitled to 12 days of vacation for that year: or (b) A worker who has worked more than 110 days but not more than 220 days in any year of employment, is entitled to one day vacation leave for every 22 days on which he/she has worked (c) a worker with 6 or more years of service, who has worked more than 220 days in any year of employment, is entitled to 3 normal workings weeks of vacation leave for that year (d) you can’t carry vacation over beyond the third year of employment (e) public holidays cannot be counted in days of vacation leave (d) beyond 15 years of employment, you're entitled to 4 weeks vacation.

    So basically, I'd love to be able to enter the employee's start date and then it displays if the employee is eligible for vacation time or not(hasn't completed 110 days/3 months probation). After the probation period, as mentioned above, you accrue 1 day for every 22 days worked. Then based on the persons date of employment date and today's date (date of processing payroll), the spreadsheet/formula should inform me of the number of days accrued to date. Unused vacation days can be carried over, but are deleted if not used after the third year of employment.

    Any guidance with formulas would be appreciated.
    Thanks
    Zan

  2. #2
    Registered User
    Join Date
    03-17-2011
    Location
    Atlanta
    MS-Off Ver
    Excel for Office 365
    Posts
    38

    Re: Formula for vacation accrual

    This should help get you started. I have not factored in the one year constraint, but it should give you some ideas to get you started and work through the vacation piece.

    Workbook1.xlsx

+ 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. Vacation Accrual Formula?
    By denizenXIX in forum Excel Formulas & Functions
    Replies: 7
    Last Post: 01-28-2013, 02:06 PM
  2. Vacation Accrual Formula
    By Cullen8 in forum Excel General
    Replies: 3
    Last Post: 03-22-2012, 04:31 PM
  3. Vacation Accrual Formula
    By MissNadine in forum Excel Formulas & Functions
    Replies: 4
    Last Post: 12-18-2009, 02:48 PM
  4. Vacation Accrual formula
    By vane0326 in forum Excel Formulas & Functions
    Replies: 1
    Last Post: 05-18-2006, 10:50 PM
  5. Please help!! Vacation Accrual Formula
    By MissNadine in forum Excel Formulas & Functions
    Replies: 20
    Last Post: 09-06-2005, 07:05 PM

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