Accrual Management

The automation of the business rules that determine employee accruals of sick, vacation, paid time-off and other leave types, along with the management of this accrued time by both employees and managers, yields benefits in time savings, increased accuracy and higher employee satisfaction.

SumTotal Accrual Management provides automated compliance to accrual policies and calculation of accrual amounts, deposits, withdrawals, grants, usage and balances, as well as the ability to forecast availability in the future, even with complex accrual policies. A fully integrated component of SumTotal Time and Attendance solution, this component allows you to automate workforce management processes across all of your locations and business units.

SumTotal Accrual Management includes:

• Configurable accrual policies that can be defined for an organizational group or at the employee level; an employee can be affected by an unlimited number of accrual policies and rate schedules
• Flexible rate schedules can be defined by employee, group, location, position, etc.
• Ability to handle grants as either a flat amount, a factor or a calculation based on hours worked
• On-line 'statements' at the employee level identifying every action that has affected an accrual balance
• Ability to submit requests for future time periods and have the amounts available in those future periods already calculated and available, consistent with organizational policies
• Reporting and Analytics as well as valuation of liabilities associated with accruals