Prorated Accruals integration pack

The Prorated Accruals integration adapts, recalculates, and distributes accruals entitlements proportionally (prorated) for any change in employment status, accrual profile, or full-time-equivalent (FTE) status that occurs during an accrual period.

Example: If an employee's accruals entitlement changes because of a promotion or contract update, do the following:

In the employee record, update the FTE percentage, add a new accrual profile, or do both.
In this integration, set EnableFTEChange, EnableAccrualProfileChange, or both to true.

The following changes qualify accruals to be prorated for this integration:

Hire or rehire: This extension prorates and distributes accruals entitlements for newly hired or rehired employees who enter service during an accruals period. The employment status date serves as the hire or rehire date.
FTE contract change: Recalculate and distribute accruals when employees change status to FTE.
Optionally, adjust accruals as follows:
- On the FTE-adjusted carryover limit date
- When the FTE-adjusted earning amount limit is reached
Profile change: Distribute accruals entitlements when an employee's accrual profile changes during an accruals period, including support for multiple accruals profiles.
Termination: Recalculate and distribute accruals, and automatically pay the ending balance, when employees are terminated.
Caution: If this integration includes a payout for a terminated employee, and subsequent changes are made such as a change to the termination date, you must manually remove the payout adjustment before you run the integration again.

This integration distributes accruals entitlements proportionally on the date of hire, date of FTE contract change, date of accrual change, or date of termination, based on the number of periods employees are active during the accruals period.

This integration can consider future-dated changes so that adjustments are accounted for in the projected accrual ending balances.