Wednesday, 15 November 2017

FUSION HCM: Absence management:Fast formula scenarios

Absence management:Fast formula scenarios:

1)Global Absence Accrual Event :
The Global Absence Accrual Event fast formula can be used to capture information  about events that occur during a calendar year which would cause a change in the  accrual band that the worker belongs to. This formula can capture such dates and  return to the accrual matrix formula which would automatically fetch the respective  band values as of each of the dates fed into the accrual matrix formula.
Example: An organization might have a vacation plan in which enrolled workers can  accrue a certain number of days every year based on their grade. When the grade of  a worker changes in the middle of the calendar year, the organization might want to  prorate their total accrual balance. You can configure this pro-ration rule using the  accrual event formula to capture the dates when such changes occur.

 2)Global Absence Accrual Matrix Formula :
The Global Absence Accrual Matrix fast formula can be used in conjunction with the  accrual matrix to implement requirements such as band change pro-ration, FTE pro-ration etc.
 For example, an organization might have a vacation plan in which workers enrolled into  the plan can accrue days every year based on their grade. If the grade changes mid-period, 
 then the total accrual needs to be pro-rated based on the amount of time that the worker  spends in each band. This can be achieved by defining an accrual matrix that is based on  grades and using a combination of accrual event formula and accrual matrix formula.
  
 3)Global Absence Carryover :
The Global Absence Carryover fast formula can be used in cases where a single carryover rule  does not apply to the entire population that belongs to the accrual plan.
 For example, an organization might have a carryover rule that generally allows a maximum of 5 days to be carried over. However, the workers in a particular department are allowed to carryover 
 an additional 2 days due to the nature of their work. In such cases, this logic can be composed into the fast formula so that when carryover is calculated, the application dynamically allocates 
 different carryover limits to different workers depending on their department.

 4)Global Absence Carryover Proration:
The Global Absence Carryover Proration fast formula can be used in cases where a pro-ration factor  (or a multiplication factor) needs to be applied onto the maximum carryover limit.
 For example, an organization might have a rule which asks for the carryover to be pro-rated  based on FTE or even their job. In such a case, after the carryover rule is defined, the carryover  proration rule can be composed to return a proration factor which will be multiplied onto the carryover  amount before returning the final value against the worker’s enrollment data.

 5)Global Absence Ceiling :
The Global Absence Ceiling fast formula can be used in cases where a single ceilingr rule does not apply to the entire population that belongs to the accrual plan.
  For example, an organization might have a ceiling rule that generally allows a maximum of 30 days to be accrued by an worker in a plan. However, the workers in a particular department are allowed to accrue an additional 5 days due to the nature of their work. In such cases, this logic can be composed into the fast formula so that when ceiling limit is determined, the application dynamically allocates different limits to different workers depending on their department.
  
 6)Global Absence Ceiling Proration :
The Global Absence Ceiling Proration fast formula can be used in cases where a pro-ration  factor (or a multiplication factor) needs to be applied onto the maximum ceiling limit.
  For example, an organization might have a rule which asks for the ceiling limit to be pro-rated based on FTE or even their job. In such a case, after the ceiling rule is defined, the ceiling proration rule can be composed to return a proration factor which will be   multiplied onto the ceiling limit before returning the final value against the worker’s enrollment data.

7)Global Absence Partial Period Accrual Rate :
The Global Absence Partial Period Accrual Rate fast formula is where any logic required  for pro-ration of accrual balance during enrollment year and un-enrollment year needs to be entered.
  For example, if the annual accrual that a worker is eligible for every year is 20 days  and the worker has enrolled into the plan mid-year, the organization would like to grant the worker on 10 days for the year of enrollment since he was participating in the plan  only for half the year. Similarly, if a worker un-enrols from a plan mid-year, the total accrual for that year would need to be reduced from 20 to 10 – again because the worker was  enrolled into the plan for only half the year.
  This formula is invoked when enrollment or un-enrollment dates fall within the repeating period for which the accrual is being processed.

8)Global Absence Plan Duration :
The Global Absence Plan Duration fast formula can be used to over-ride the default duration calculation logic for daily accrual duration entries against accrual plans. 
  For example, if the accrual deduction to be considered for an absence entry in an  accrual plan in an organization depends on the location of the worker, then this formula can be leveraged to specify this dynamic calculation logic. This formula will be invoked  once for each day of absence.
     Configuration Point in Fusion:
      If you have created this formula, you can attach this formula to the absence plan definition. 
      This is currently available only for plans whose UoM is Days or Hours.

9)Global Absence Plan Enrollment End :
The Global Absence Plan Enrollment End fast formula can be used to over-ride the default enrollment end date rule for the absence plan when workers are being terminated from  the organization or when the Update Accrual Plan Enrollments batch job is being run.
   For example, in an organization the absence plan un-enrollment rule could be such that for termination, workers have to serve a notice period of one month during which time the worker should not be enrolled into any absence plan. In such a case a Global Absence Plan Enrollment End formula can be composed to derive this alternate enrollment end date.
   
10)Global Absence Plan Enrollment Start :
The Global Absence Plan Enrollment Start fast formula can be used to over-ride the default enrollment start date rule for the absence plan when workers are being hired into the organization or when the Update Accrual Plan Enrollments batch job is being run.
   For example, in an organization the absence plan enrollment rule could be such that only Workers are allowed to enroll into the plan from the hire date, whereas Interns and Graduates have to complete a waiting period of 1 month before being enrolled into the plan. In such cases, the Plan Enrollment Start formula can be used to derive the alternate enrollment date (one that is different from the hire date or the date passed into the parameter when submitting the Update Accrual Plan Enrollments batch job).

11) Global Absence Plan Use Rate :
The Global Absence Plan Use Rate fast formula can be used to dynamically specify the rate definition associated with the accrual plans depending on custom conditions. 
  This formula type is applicable for Absence Payment Rate Rule, Final Disbursement Rate Rule, Discretionary Disbursement Rate Rule and Liability Rate Rule definitions.
  For example, if the Absence Payment rate definition associated with the same accrual plan varies depending on the location of the Worker being evaluated, a Global Absence Plan Use Rate can be composed to associate the corresponding rate definition to the Worker

12)Global Absence Proration :
The Global Absence Proration fast formula can be used to apply a pro-ration factor  (or a multiplication factor), onto the final accrual calculated and returned by the accrual calculation rules in an accrual based absence plan.
   For example, if an organization has an accrual plan where the accrual rate varies based on Worker grades, and on top of that if a multiplication factor such as 0.75 needs to be applied depending on the Worker work location, then the band based on grades can be defined in the accrual matrix and the multiplication factor of 0.75 based on work location can be defined in the Global Absence Proration formula.
   
13)Global Absence Vesting Period :
The Global Absence Vesting Period fast formula can be used to enforce a custom vesting period (a period during which the Worker is enrolled into the plan and accruing balance but cannot use them) 
  logic while defining an absence plan.
  For example, an organization might have a vesting period rule for new joiners where-in Workers  who are hired as Interns or Graduates should complete 30 days of employment before they can use their vacation balance. Here the vesting period formula can be composed to look at the person type to determine the period applicable for the particular enrollment.

14)Global Absence Band Entitlement :
The Global Absence Band Entitlement fast formula can be used to define the bands of entitlement duration and percentage of payment that is applicable against a qualification plan entitlement.
  For example, an organization might have a rule that gives Workers in a certain location additional fully paid days of Maternity entitlement when compared to Workers working in any other location.
  
15)Global Absence Plan Enrollment Start Date :
The Global Absence Plan Enrollment Start Date fast formula can be used to specify the Qualification  date for the absence plan.
  For example, an organization might have a rule for Maternity entitlements according to which the qualification date is on the absence start date if actual dates are entered or if it is not entered, 
  then the qualification date needs to be the event date (actual if available, or else, the planned date). 
  For including such conditional logic to determine the qualification date, formulas of this type can be used.

16)Global Absence Plan Entitlement :
The Global Absence Plan Entitlement fast formula can be used to define the entire entitlement structure for a qualification plan for cases where matrix architecture does not fit the bill.

17)Global Absence Plan Roll Backward End :
The Global Absence Plan Roll Backward End fast formula is to be used to determine the start date of a plan term that uses the Roll Backward term rule.
   For example, if the start date for plan term in a roll backward period needs to be 365 days prior to the absence end date, required logic can be composed into this formula and the reference date returned.

18)Global Absence Plan Roll Forward Start :
The Global Absence Plan Roll Forward Start fast formula returns the reference date till which the existence  of a roll forward term is searched for.
  For example, if a rolling forward term needs to be searched for 365 days prior to the absence start date, required logic can be composed into this formula and the reference date returned.

19)Global Absence Plan Use Rate :
The Global Absence Plan Use Rate fast formula can be used to dynamically specify the rate definition associated with the qualification plan depending on custom conditions.
  For example, if the rate definition associated with the same qualification plan varies depending on the location of the Worker being evaluated, a Global Absence Plan Use Rate can be composed to associate the corresponding rate definition to the Worker.

Written By: Duggireddy Narendra

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