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A Vacation Type defines vacation duration, vacation accrual type that is the base for calculation of vacation pay, and method of calculation.
Main and Additional Vacations
In FirstBIT ERP, there are main vacations and additional vacations. Each employee is entitled to one main paid vacation and any number of additional paid vacations.
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If different groups of employees should have different main vacations, create the required number of corresponding vacation types; for each select the Main Vacation check box.
Vacation Duration
A Vacation Types can be defined with a fixed number of vacation days per year or with different durations for different intervals of employment.
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- For length of service less than six month - no vacation days.
- For length of service between six and twelve months - 2 days for each month worked, that is 24 per year.
- For length of service over twelve months - 30 days per year.
In the scheenshot screenshot below, you can view how durations are set for this type of vacations.
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If the check boxes for 2d and 3d rows are not selected, it would be only 19.5 days.
Parameters for Average Daily Earning Calculation
Generally, vacation pay is calculated as average daily earning multiplied by the number of requested vacation days. For calculation of average daily earning there are the following options:
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For each employee, accruing of vacation days starts from the date of employment.
Also, in the Employment Contract, you can specify whether to accrue the earned vacation pay along with accruing earned vacation days for a specific vacation -- – for this, you need to select the Accumulate Vacation Pay option for this vacation. If the option is not selected for a vacation, the application will accrue only earned vacation days for this vacation.
Later, the employees can decide whether they want to use their accumulated vacation pay to entirely or partially repay their loans or to get compensation for non-as their vacation payout or as compensation for not using the available vacation days, or as complete or partial repayment of their loans.
Beginning Balances for Vacations
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