PTO Accrual and Allocation

 It would be a neat feature to the system or tool to have accrual and distribution of Paid Time Off (PTO) for employees. Here’s a brief breakdown of what it typically involves:

1. Accrual

Key Features:

Calculation of PTO based on company policy (e.g., hours per pay period or annual allocation).

Tracking of accrual rates and balances in real-time.

Adjustments for part-time or full-time employment.

2. Allocation

Key Features:

Clear display of PTO balances for employees.

Flexibility to allocate additional PTO for special circumstances (e.g., bonuses or carryover).

Management of PTO expiration or rollover policies.

3. Management Tools

Request submission and approval workflows.

Notifications for low PTO balances or approaching expirations.

Reporting for HR and managers to monitor usage trends and compliance.