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      Time Off Policy: Comp-Time Time Off Types

      How to configure Comp-Time Time Off Types in a Time Off Policy

      Compensatory Time, or Comp Time, is an arrangement by which eligible employees are entitled to time off in lieu of overtime pay. 


      Before adding a Comp Time Off type to a policy plan, a Comp Time Off type must be created by following the instructions outlined here

      The images used in the article are for a created Comp Time Off Type called "Overtime"  but the instructions and descriptions below will work for all Comp Time Off Types

      General Information

       

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      General Information about the selected Time Off type. Here you will see the Time off Type's name, code, and balance type. For a Comp Time Off time off type, the balance type will be "Comp Time Off". If the balance type says "Balance is not tracked" or "Balance is tracked" then see the Balance is not Tracked Time Off Types article or the Balance is Tracked Time Off Types article.

       

      Setting Description
      Time Off Type is

      Paid: The Time Off is paid

      Unpaid: The Time Off is unpaid
      Maximum accrual allowed If checked there will be a cap on the number of hours employees can accrue of this time off type. This cap will be entered.



      To apply the accrued comp time to the employee's balance, Employee Timesheets must be approved and the pay period must be closed

      Requesting Time Off

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      Setting Description 
      Employees can submit Comp Time Off Type requests If checked gives employees the ability to submit time off requests
      The following request validations will only apply to:

      Employee & Manager request: Request validation options apply to a request made by a manager on behalf of an employee and an employee's request

      Employee request: Request validation options only apply to an employee's time off request

       

      Balances and Accrual Rules

       

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      Setting Description

      Select a policy renewal cycle date:

      A policy renewal cycle is an annual cycle in which balance calculations, annual carryovers, annual cap resets, and annual cash-out limits are conducted. Choose a policy renewal cycle.

      On a specific date (MM/DD): This policy cycle will run from the select Month/Date to the same Month/Date of the following year. By default, the policy cycle runs from Jan 1 to Dec 31

      Hire date anniversary: This policy cycle will renew each year on the employee's hire date anniversary