Defining the Concepts found in the Time Off Counters

Find definitions that will help you understand better how days and hours work within Factorial´s time off section.

Where Can I Find the Time Off Counters? 

📍 Time Off Section 

• Click on the ˆ to see the days/hours information. 

Time off

  • Choose a cycle: You will have at your disposal the < >  to select the cycle of your interest in order to see the accrued, available and taken days of that specific cycle selected. 

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How Can I Define these Terms? 

Per Policy By company policy, there are a number of days or hours that are granted to all employees. Thus, we define the concept of days/hours per policy, as the total number of days/hours one is entitled to in a specific period.
Accrued  Accrued days/hours are time-off granted to employees for specific periods that are based on Time-Off Policies. These days will always be reflected in the employees Time-Off Counters, and their calculation will depend on how the company has configured their time off policies. 
Available  By Available we mean the number of days/hours an employee have at his/her disposal to use. Because there are 2 different ways to configure these available days, one will notice in the counters that these days can be all granted a the beginning of the year. Or, they can be  generated on a daily or monthly basis.
Taken Days  Taken days/hours are time off one have enjoyed. This time off will be reflected as taken once the administrator has approved the absence requested. 
Accumulated or Carry Over Days/hours that employees can carry over until the next period. 
Allowance Adjustments  These are negative or positive adjustments  that an administrator can make in an employee's time off to grant or subtract days/hours for a specific period.

💡 Counters Doubts 

  • Counters have no limits and extra days can be requested
  • Counters show days, half days and days with decimals, but not single days.