Policy Type Select the paid time off type that you want to create the policy for (i.e., Vacation, Sick).
Note: You can create your own custom types under the settings option from the home page.
Hours
Enter the total amount of hours that this employee will earn in total for the entire year. For example, if your policy is that the employee earns 80 hours for the year enter 80.
Maximum Hours
This value is optional, and it controls the maximum number of hours that an employee can "bank" or hold as a balance at any point in time. When a value is entered the system will not allow the employee to earn any additional hours beyond the amount entered. Essentially any hours that exceed this amount are forfeited or lost. This is necessary for companies that do not allow their employees to continue to bank time year after year when they do not take time off.
Earning Hours
Depending on your needs, an employee can either earn all of their hours immediately at the beginning of the year. On a specific month and day of the year, or on each pay period. If you select each pay period you will specify the pay interval after. For hourly employees use the "for each hour worked" option. This setting will use the employee hours entered to compute the amount of PTO earned by hourly employees.
Expiration
This option controls whether or not the balance of time off your employee has will be reset at a specific point in time. A common policy for many companies is to have sick time hours expire at the end of the year since the unused balance does not carry over to the next year if unused.
Policy Start Date This date is very important as Centreli uses this date to determine when to start calculating when an employee begins to earn hours. If you are transferring your balances from another system or spreadsheet enter the date that your balances are through. So for example if you are transferring from another system and your employee has a balance of 10 hours through 12/31/2012 enter 01/01/2013 as the policy start date so that Centreli will start calculating earned hours from the date of your employees balance.
Beginning Balance This value is optional. Only use this when your employee(s) have balances from another system that you were using to track hours. If you specify an amount you need to be aware that the policy start date entered is the day after your employee's balance is through. (See Policy Start Date above). If your employee does not have a balance do not enter a value.