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Default vacation accrual formula

I am using Excel 2003. I am trying to find a formula to calculate the number
of vacation days each employee will have on 1/1/09. I calculate the vacation
time using hire date; however starting 1/1/09 we are switiching to a calendar
year, but will still have to use the hire date for accrual.
Policy: after 1 year of service = 1 week of vacation =0.416667 per mo.
accrued : after 2 years of service = 2 weeks of vacation = 0.83333 per mo.
accrued: after 8 years of service= 3 weeks of vacation = 1.25 per mo. accrued.
What I have so far in my spreadsheet:
Column A: Name
Column B: Address
Column C: Hire Date
Column D: Todays Date
Column E: Time Employed (using formula this is broken down to Years, Months,
Days)

Example:
A:Name B:Address C:Hire Date D:Today E:Time
Employed
A1:Jon Smith B1:main st C1:11/7/2006 D1:12/26/2008 E1:2yrs,1mo,19days

I would like to be able to put Column F: Number of vacation days



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Default vacation accrual formula

You need to clarify your requirements.

1. Using your example, is Jon Smith entitled to 2 weeks of annual vacation
starting Nov 7, 2008 or Jan 1, 2009?
2. Do you want to calculate the monthly accrual, or the number of
outstanding vacation days?
3. With the information you have, you can determine how much to accrue each
month, but you won't know how many vacation days the employee is entitled to
unless you also keep track of how many they've taken.

Regards,
Fred.

"jd_dps" wrote in message
...
I am using Excel 2003. I am trying to find a formula to calculate the
number
of vacation days each employee will have on 1/1/09. I calculate the
vacation
time using hire date; however starting 1/1/09 we are switiching to a
calendar
year, but will still have to use the hire date for accrual.
Policy: after 1 year of service = 1 week of vacation =0.416667 per mo.
accrued : after 2 years of service = 2 weeks of vacation = 0.83333 per mo.
accrued: after 8 years of service= 3 weeks of vacation = 1.25 per mo.
accrued.
What I have so far in my spreadsheet:
Column A: Name
Column B: Address
Column C: Hire Date
Column D: Todays Date
Column E: Time Employed (using formula this is broken down to Years,
Months,
Days)

Example:
A:Name B:Address C:Hire Date D:Today E:Time
Employed
A1:Jon Smith B1:main st C1:11/7/2006 D1:12/26/2008
E1:2yrs,1mo,19days

I would like to be able to put Column F: Number of vacation days




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Default vacation accrual formula


The anniversary date is still used to aquire additional vacation so
basically on Nov. 7, 2008 this person picked up his additional days.
however, starting 1/1/09 this person will have 10 days of vacation which
will start on 1/1/09 through 12/31/09 and keep 10 days of vacation until
Nov. 7 2016 when he will pick up the additional 5 days and from there it
will renew every year on 1/1/? of each year. i would like to calculate
the amount of accrual monthly and also keep up with days used since
there are not roll over days from year to year.















Fred Smith;159718 Wrote:
You need to clarify your requirements.

1. Using your example, is Jon Smith entitled to 2 weeks of annual
vacation
starting Nov 7, 2008 or Jan 1, 2009?
2. Do you want to calculate the monthly accrual, or the number of
outstanding vacation days?
3. With the information you have, you can determine how much to accrue
each
month, but you won't know how many vacation days the employee is
entitled to
unless you also keep track of how many they've taken.

Regards,
Fred.

"jd_dps" wrote in message
...
I am using Excel 2003. I am trying to find a formula to calculate

the
number
of vacation days each employee will have on 1/1/09. I calculate the
vacation
time using hire date; however starting 1/1/09 we are switiching to a
calendar
year, but will still have to use the hire date for accrual.
Policy: after 1 year of service = 1 week of vacation =0.416667 per

mo.
accrued : after 2 years of service = 2 weeks of vacation = 0.83333

per mo.
accrued: after 8 years of service= 3 weeks of vacation = 1.25 per

mo.
accrued.
What I have so far in my spreadsheet:
Column A: Name
Column B: Address
Column C: Hire Date
Column D: Todays Date
Column E: Time Employed (using formula this is broken down to Years,
Months,
Days)

Example:
A:Name B:Address C:Hire Date D:Today

E:Time
Employed
A1:Jon Smith B1:main st C1:11/7/2006 D1:12/26/2008
E1:2yrs,1mo,19days

I would like to be able to put Column F: Number of vacation days





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Default vacation accrual formula

Hi - I am trying to figure out the same but haven't been able to - how did
you come up with the results in your E column.
--
Regards - Mariela


"jd_dps" wrote:

I am using Excel 2003. I am trying to find a formula to calculate the number
of vacation days each employee will have on 1/1/09. I calculate the vacation
time using hire date; however starting 1/1/09 we are switiching to a calendar
year, but will still have to use the hire date for accrual.
Policy: after 1 year of service = 1 week of vacation =0.416667 per mo.
accrued : after 2 years of service = 2 weeks of vacation = 0.83333 per mo.
accrued: after 8 years of service= 3 weeks of vacation = 1.25 per mo. accrued.
What I have so far in my spreadsheet:
Column A: Name
Column B: Address
Column C: Hire Date
Column D: Todays Date
Column E: Time Employed (using formula this is broken down to Years, Months,
Days)

Example:
A:Name B:Address C:Hire Date D:Today E:Time
Employed
A1:Jon Smith B1:main st C1:11/7/2006 D1:12/26/2008 E1:2yrs,1mo,19days

I would like to be able to put Column F: Number of vacation days



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