1. Why Do We Need Global Absence Target Plan Formula?
In this article we have already learned how to transfer accrual balance automatically from one accrual plan to another using plan category. But there is a limitation with this approach, this doesn’t work when more than one accrual plan is associated with same plan category in target plan.
Lets understand with an example, an employee who is enrolled to Plan A, loses eligibility due to transfer. He becomes eligible for two new plans Plan B and Plan C. Both these plans have same plan category. Now system will not know where to transfer balance from Plan A. System cannot intelligently choose new plan to transfer balance (between Plan B and Plan C). So Global Absence Target Plan formula comes here to rescue us. We can have our logic inside the fast formula to determine where to transfer balance from old plan.
Lets see how to write this formula.
Subscribe Now to Unlock Premium Content!
Choose a plan that fits your needs and stay ahead in your career with our expertly curated premium content.