Time Bank — regime, agreement and closing

Purpose

Choose the regime and document the agreement before treating the balance as compensation.

Before you start#

• Time Tracking — employees, schedules and timesheets

Step by step#

1. 1

   Open Time Clock → Settings / Shifts and Schedules → Hour Bank to configure the regime; the page's Hour Bank tab is for tracking balances.

2. 2

   Set the Regime among the options offered: no compensation, weekly compensation or monthly/semiannual/annual bank.

3. 3

   Choose the agreement type, identifier, validity and document as required.

4. 4

   An annual bank requires a collective agreement; do not select an individual agreement for this regime.

5. 5

   Review balance validity, caps and daily creditable limit according to company rules and the agreement.

6. 6

   Save and check the response before using the calculation.

7. 7

   Check entries/balances by employee and period; adjust and approve only through authorized actions with a justification.

8. 8

   At closing, check time offsets, pending items and allocation to the time bank or payroll using the available options; do not change the status/balance just to match expectations.