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Calculating Vacation Accruals

When our employees reach 5 years and 15 years, their vacation accrual is prorated based on their hire date. I'm trying to come up with a formula that will calculate this for me.

Example: Employee hired May 10, 2005. Will accrue 3.33 hours for each pay period (24) until the pay period following his anniversary date at which time he will begin to accrue 5 hours per pay period.

So, for this year, this employee will accrue 3.33 hours * 10 pay periods (1/1 thru 5/15) =33.3 hours. Beginning at the end of May, he will accrue 5 hours per pay period * 14 remaining pay periods = 70 hours for a total of 103.3 hours.

Can anyone provide a solution?

Thanks in advance!


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