Paid time off (PTO) is an important benefit for attracting and retaining top talent, but tracking time-off accruals manually can be a tedious and error-prone process. Automation eliminates manual errors; supports fair policy enforcement; and gives employees and managers instant visibility into current status to streamline time-off requests and approvals.
Calculate and track accruals based on your organization’s specific policies. Set up benefit accrual tracking profiles to determine the rate at which an employee or a group of employees accrues time off. Track accruals based on user-defined criteria such as hours worked; seniority; grade level; and attendance, performance, and/or wellness points. Automatic enforcement of policies and regulations minimizes your compliance risk while driving fair, consistent treatment of employees across the organization.
Get immediate access to accrual balances for submitting or approving leave requests. Employees can check their accrual balances to make sure they have earned time off available before making a request. When managers receive an employee time-off request, they can instantly view accrual balances and respond to the request accordingly. Notifications automatically alert managers when employees exceed established accrual thresholds.
The comprehensive Accrual Balances report shows the amount of time earned, taken, scheduled, and remaining for each employee within all applicable PTO categories. With one-stop access to detailed accrual information in their To Do Items, your managers can make fast, informed decisions that effectively balance employee requests with coverage requirements.
Kronos helps you take an efficient and automated — rather than manual and tedious — approach in developing strategies for managing PTO with a powerful solution to calculate and track employee accrued time off based on your organization’s specific rules, policies, and regulations.
Accurately calculate and track time-off accruals
Automatically enforce organization-specific accrual policies to help drive compliance and impartial treatment of employees
Speed and simplify time-off requests and approvals with instant access into each employee’s accrual balance
Display accrual balances on employee pay statements