There are 2 types of Employee Type available under your employee's profile.
- Full
- Accumulated - Click here to read about Accumulated Entitlement Type
Definition: Employee to enjoy fully / prorated entitlement until the end of the current financial year (based on your First Financial Month/Benefit Refreshment Month).
Setting Up
- From the left menu bar, click on Employees.
- Search for your employee’s name via the Search filter function.
- From the employee’s name in the employee table, click on the Actions button, then click on Edit.
- At the Benefit Groups tab, you will notice the Entitlement option is set to Full by default.
- Further definition for Accumulated will appear below it.
- To confirm your changes, click on the Save All button at the bottom of the form.
Examples:
Scenario 1:
First Financial Month: January
Employee Join Month: April
Full Entitlement: GP RM600 per year
Proration: Not applicable
Since the employee joined in April + when there is no proration, the employee will get the full GP benefit of RM600 upon joining your company. This benefit refreshes when your First Financial Month comes.
Scenario 2:
First Financial Month: January
Employee Join Month: April
Full Entitlement: GP RM600 per year
Proration: Applicable
Since the employee joined in April (the 4th month in a whole 12-month benefit cycle), the calculation will be:
RM600/12 x the remaining months available until your First Financial Month from their join month + 1 month worth of benefit (RM600/12) (this is to include the month of the Employee Join Month)
= RM50 x (12-4) + 1 month worth of benefit (RM600/12)
= RM50 x 8 + RM50
= RM450 as the total prorated amount your employee will get upon joining your company.
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Related article:
1. Employees - The Usage of "Accumulated" as the Employee Entitlement Type
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