It’s always exciting to start a new year with something new to know. So, here are a few features which are eye-catchers for the release of 25A in Oracle Fusion Absence Management:
Ex:
Leave Duration Days | First 30 Days | Next 60 Days | Next 30 Days |
Salary Pay | 100% Pay | 75% Pay | 0% Pay |
Configure it here and result will be on Employee/Manager self-service:
NOTE: Use the new balance display options to display qualified entitlements in a new tab on the Redwood Absence Balance page.
If my carryover leave balance was 10 days from year 2024 and utilizing that balance in 2025, my rate of pay should be calculated based on salary of 2024 and not 2025.
Ex:
Salary Date | Salary Rate | Leave Dates | Calculation |
01/01/2024 | $25 per hour | Start Date: 15/12/2024 | 12 (workdays) * 25 (rate) * 8 (daily hours) |
01/01/2025 | $30 per hour | End Date: 15/01/2025 | 11 (workdays) * 30 (rate) * 8 (daily hours) |
Sounds odd, right??
But it has excellent use in Reverse Termination case. If the balance was forfeited upon termination, it will be reinstated upon reverse termination action, AUTOMATICALLY.
We are eager to try out these and explore the workings of it. There are a few more features, listed in the below link and in overall, these are very good updates to start new year with.
Link to updates: Absence Management 25A Features Release
Workers can donate some or all their accrual plan absences to others who need it. This demonstrates organization’s commitment to social responsibility which not only benefits society but also strengthens their reputation among consumers and stakeholders.
Below is the link for creating Donation Plan
Link to Create Donation Plan
This feature is used for Annual disbursement which is practiced in some organizations while some doesn’t. The POV here is that it eases down liability on organization and for employees it’s additional payout every year.
Navigation:
My Client Groups -> Absence -> Absence Plan -> (Search for Accrual Plan Type) -> (Click on plan name) -> (Accruals tab) -> Check Disburse remaining balance under Post Rollover and Carryover
NOTE: This would be only applicable if your legislation allows for such an option.
For financial sheets to balance well, Organizations remain prepared for liabilities that are due and upcoming uncertainty. If otherwise to create custom provision in payroll, it is better to utilize the rate liability rate rule available in the absence plan. Provided that accrual takes place on periodic basis which resembles with payroll period as well, liability accrual will be straight to get processed in payroll and accumulate provision amount.
Samir Gandhi is a Senior Consultant in our HCM track. He has years of experience implementing Core HR, Payroll, Absence Management, OTL, Compensation and many other modules across 3 different geographies. He’s passionate about giving solutions that actually help customers lessen the load and not add to the todos.
January 16, 2024
January 16, 2024
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