Estimated Leave Benefits (Not added to Total Comp Summary)
Managers can use this subtask to view the leave types that are assigned to their employees along with the estimated accrued hours for the current leave year.
Contents
The estimated annual employer cost is based on the employee's current hourly rate. Actual leave accrual hours can be found on the Leave screen in Team Management. If the employee is hired after the first day of the leave year and/or terminated prior to the last day of the leave year, the estimated hours accrual will be adjusted to reflect only the period of time the employee was employed. If the employee was employed at all within the leave period, the estimated accrual will be included in the estimated accrual hours.
| Field | Description |
|---|---|
| Leave Type | This is the leave type assigned to the employee in Costpoint. |
| Estimated Leave Year Accrual Hours | This is the number of hours the employee is expected to accrue for the leave type during the leave year. This is just an estimation as any leave accruals based on hours worked is based on an estimated number of work hours and any accrual ceilings are not applied. |
| Estimated Leave Year Employer Cost | This is the estimated cost of the employee's leave type accrual during the leave year. The value is determined by multiplying the estimated accrual hours by the employee's hourly rate. |