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Change holiday fund accrual

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Note: Before you can change the holiday fund accrual value, the relevant employees must belong to a holiday payment scheme.

1.   Select the relevant employees from the Employee List.

2.    Tasks > Global Changes > Holidays > Change Holiday Fund Accrual Amount.

3.    Holiday Scheme drop-down > choose the required scheme number.

4.   Operation drop-down > choose the required option:

Amount based schemeOpen this section

If the accrual scheme is based on an amount, you can increase or decrease the accrual value by a percentage or an amount. You can also choose to set the accrual to a specific amount.

For example, to accrue £50 each pay period for the selected employees > Operation drop-down > Set to this amount > Amount box > enter 50.

Percentage based schemeOpen this section

If the accrual scheme is based on a percentage, you can increase or decrease the current percentage value or set a specific percentage amount.

For example, to set an accrual rate of 20% for the selected employees > Operation drop-down > Set to this percentage > Amount > enter 20.

5.    Amount > enter the required value.

6.   To make the required change > OK > Yes > OK.

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