Page 57 - Mosaic HCM - Workforce Ready Product Sheets

Platform Features

Accruals Solution

Prerequisites: Requires Timekeeping or Payroll modules

Accrual Settings Accrual Management
System-maintained values — accrual balances will be calculated Modify accrual balances
automatically in system Zero out accrual balances
User-maintained values — accrual balances will be manually
updated by the system administrator Import accrual balances
Imported values — accrual balances will be calculated externally Modify employee hours taken
and imported to the system on a regular basis
Test accruals
Tenure changes — will be shown if tenure changes in the middle
of an accrual period
Maximum accrued amount (per accrual year) — maximum hours Notifications
that can be accrued based on tenure Negative balances
Maximum running balance — maximum balance that an
employee can have at any given time End of a waiting period
Balance move — move any excess accrued amounts to a
specific bucket
Employee Self-Service
Utilization — order in which different time-off buckets are used
View accrual balances
Accrual day — first or last day of month
Request time off — automatically updates accrual balances
New-hire accruals — when and how much a new hire starts
accruing his or her first month Time-off balance report
Sick time compliance
Waiting period schedule — schedule on which an employee will Mobile
accrue after the waiting period settings have been reached
Processing accruals — amount and frequency accruals are cal- View accrual balances
culated (automatically, manually, individual users, multiple users, Request time off
all users)
Approve time off
Accrual termination — allows for multiple options to pay out
accrual balances upon termination of an employee
Payroll*
Benefit Accrual Profiles — determines the rate at Calculate accruals in payroll based on hours worked
which an employee accrues benefit time
Display accrual balance on pay statement
Default — applied to all new employees added in system
Tenure *Requires Payroll module
Hours worked
Points

Waiting period
Carryover settings