Preferences Setup

This is company preference information tab. Fields under this tab are defined below:
(A) Leave Model
1. Leave Model *		: Selection of Annual leave model practised by the company
(B) Email Alerts
2. Alerts for leave *		: Preference to choose to send and receive email alerts for leave
3. CC for leave		: Email Address to which all leave alerts are copied to (CC)
4. Alerts for Claims		: Preference to choose to send and receive email alerts for Claims
5. CC for Claims		: Email Address to which all Claims alerts are copied to (CC)
6. Alerts for payroll		: Preference to choose to send and receive payroll alerts for leaves
7. CC for Payroll Alerts		: Email Address to which all payroll alerts are copied to (CC)
(C) Rounding Decimal
8. Basic Pay / Unpaid Leave		: Rounding Basic pay and unpaid leave decimal value - options available 0, 2, 3, unlimited
9. Additions (claims,OT,OtherAdditon)		: Rounding payroll addition types decimal value - options available 0, 2, 3, unlimited
10. Deductions		: Rounding payroll deduction type decimal value - options available 0, 2, 3, unlimited
11. Net Pay		: Rounding Net pay decimal value - options available 0, 2, 3, unlimited
(D) CPF Ceiling
12. Monthly CPF Ceiling		: This is an auto field for information only
13. Annual CPF Ceiling		: This is an auto field for information only
(E) Payslip
14. Payslip Print Format		: Choose a payslip format
15. Enable ePayslip		: Option to enable sending electronic payslip
(F) Payroll
16. Payroll Type		: Type of payroll Monthly or Bi-monthly

Additional Information for Fields in Preference Tab (Company Management)

LEAVE MODELS (Annual Leave:)

Fixed Year/ Year of Service - Normal : Under this leave model, all the leaves are available to an employee at any given time of the year.

For example: An employee has joined the company on 01/Jan and has 14 Annual leave entitled for that year. So if the employee is applying for leave in the month of April he/she would have 14 leave available to consume.

Fixed Year/ Year of Service - Prorated : Under this leave model, leave available to an employee are prorated based on number of months of service.

For example: An employee has joined the company on 01/Jan and has 14 Annual leave entitled for that year. The leave will be prorated by the formula - 14(leave)/12(months)=1.16 leave earned per month. So if the employee is applying for leave in the month of April he/she would have 3.48 leave available to consume.
(i.e.) 1.16 * 3 months (Jan - Mar) = 3.48

Fixed Year/ Year of Service - Prorated (Floor) : Under this leave model, leave available to an employee are prorated based on number of months of service.

For example: An employee has joined the company on 01/Jan and has 14 Annual leave entitiled for that year. The leave will be prorated by the formula - 14(leave)/12(months)=1.16 leave earned per month. So if the employee is applying for leave in the month of April he/she would have 3 leave available to consume.
(i.e.) 1.16 * 3 months (Jan - Mar) = 3.48

As we are using prorated by floor, the decimals are dropped and leave available is 3.

Fixed Year/ Year of Service - Prorated (Ceiling) : Under this leave model, leave available to an employee are prorated based on number of months of service.

For example: An employee has joined the company on 01/Jan and has 14 Annual leave entitiled for that year. The leave will be prorated by the formula - 14(leave)/12(months)=1.16 leave earned per month. So if the employee is applying for leave in the month of April he/she would have 4 leave available to consume.
(i.e.) 1.16 * 3 months (Jan - Mar) = 3.48

As we are using prorated by ceiling, the decimals are dropped and leave available is 4.

See also