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Vacation Accrual - hire date and calendar year

  1. #1
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    Vacation Accrual - hire date and calendar year

    Stumbled upon this website, which helped me get going on what I set out to do based on another post, but am a little over my head at this point.

    Our company accrues vacation on a calendar year, with the accrual rate defined by the hire date.

    <1 year= 0 days/year
    >1 year = 5 days/year
    >3 years= 10 days/year
    >10 years= 15 days/year
    >15 years = 20 days/year

    The attached spreadsheet is great for calculating time accrued based on hire date, but I need to take it a step or two further. I would like the accrual to start on the first of the year, but need to account for any accrual rate change on the employee's anniversary date during the year.

    In other words, during a calendar year an employee about to hit their third anniversary would accrue days at the 5 day rate until their anniversary date, at which point going forward they would accrue at 10 days.

    Thanks for any assistance and please let me know if any other information is necessary.

    Dan
    Attached Files Attached Files

  2. #2
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    jay, ok
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    Re: Vacation Accrual - hire date and calendar year

    I am working on updating an excel timesheet and would like to create a formula to automatically calculate vacation accruals based on tiered years with the company.
    Attached is what the timesheet looks like along with our vacation accrual policy.
    Attached Files Attached Files

  3. #3
    Forum Moderator AliGW's Avatar
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    Re: Vacation Accrual - hire date and calendar year

    Administrative Note:

    Welcome to the forum.

    We are happy to help, however whilst you feel your request is similar to this thread, experience has shown that things soon get confusing when answers refer to particular cells/ranges/sheets which are unique to your post and not relevant to the original.

    Please see Forum Rule #4 about hijacking and start a new thread for your query.

    If you are not familiar with how to start a new thread see the FAQ: How to start a new thread
    Ali


    Enthusiastic self-taught user of MS Excel who's always learning!
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