What is the Fixed Yearly - Prorated (Ceiling) leave model?

What is the Fixed Yearly - Prorated (Ceiling) leave model?


Fixed Yearly – Prorated (Ceiling) leave model calculates the leaves based on the number of months of service. Under this leave model, leaves are available to an employee on a prorated basis.


For example:


An employee has joined the company on 01 January and he/she has 14 Days Annual Leave entitled for that year. The leaves will be prorated as given:
Formula = [14 (Leaves) /12 (Months)] * Number of completed months
Formula = 1.16 * Number of completed months.
So if the employee is applying for leave in April he/she would have 4 Days leave available to consume.[i.e. 14/12 = 1.16 x 3 (Jan, Feb, March) = 3.49 in the concept of the ceiling the decimals are raised = 4]



Product Version: SMEPayrollTM Version 11






    • Related Articles

    • What is the Fixed Yearly - Prorated leave model?

      Fixed Yearly - Prorated Leave model calculates the leaves based on the number of months of service. Under this leave model, leaves are available to an employee on a prorated basis. For example: An employee has joined the company on 01 January and ...

    • What is the Fixed Yearly - Prorated (Floor) leave model?

      Fixed Yearly – Prorated (Floor) leave model calculates the leaves based on the number of months of service. Under this leave model, leaves are available to an employee on a prorated basis. For example: An employee has joined the company on 01 January ...

    • What is the Fixed Yearly - Normal leave model?

      Fixed Yearly - Normal Leave Model calculates the "Leave Period" wherein it considers the " Calendar year January to December" For example: Mr. Tan Joins on 1 June 2010. Under this leave model, the system considers the leave period from 1 June 2010 to ...

    • What is the Hybrid – Prorated (Ceiling) leave model?

      Hybrid – Prorated (Ceiling) leave model calculates the leaves based on the number of months of service. Under this leave model, leaves are available to an employee on a prorated basis. For example: An employee has joined the company on 01 January and ...

    • What is the Hybrid – Prorated leave model?

      Hybrid - Prorated leave model calculates the leaves based on the number of months of service. Under this leave model, leaves are available to an employee on a prorated basis. For example: An employee has joined the company on 01 January and he/she ...