Leave Accrual Processing is the system of calculating and tracking the accumulation of paid leave (e.g., vacation or sick days) based on hours worked or service length.
- What is leave accrual processing?
Answer: It is calculating and tracking paid leave based on hours or service. - How is it calculated?
Answer: It is based on a rate, e.g., 1 day per month worked. - What are the benefits?
Answer: It ensures fair leave allocation and compliance. - What are the challenges?
Answer: Challenges include manual errors and policy variations. - What role does HR play?
Answer: HR sets policies, processes accruals, and updates records.
