The carryover limit is the maximum amount of PTO that employees can carry over from one period to the next. If employees don’t use all of their PTO within the given period, they may lose it or be allowed to carry it over, depending on the carryover rules you set.
Here’s how to set up the carryover limit:
Is there a limit on time that can be carried over?
Yes, there is a carryover limit: If you select this option, you will define the maximum amount of PTO employees can carry over, set a reset date for their carryover, and choose how their carryover is handled
Carryover amount: Enter the number of hours that can be carried over to the next period. This is the amount employees are allowed to save for future use.
Carryover reset date: Select the date when the carryover limit will reset. This could be a fixed date, like the start of a new year or fiscal period, after which employees will begin to accrue new PTO for the next period.
(Optional) Carryover on employee’s work anniversary: If you select this option, each employee’s carryover limit will reset on their work anniversary rather than a fixed date. This gives employees a personalized carryover reset based on their tenure with the company.
No, all accrued hours can be carried over: Choose this option if you want employees to carry over all their unused time off without a limit. No further setup is needed
Save the settings
Once you have filled out all the fields, select Save in the upper-right corner to publish the policy.
Confirm compliance
Before proceeding, you must check the box that says, "By publishing the time off policy, I have confirmed the policy complies with all applicable laws" to confirm that the policy meets legal requirements.
Finalize
Select Acknowledge to confirm the policy and finalize the setup. Otherwise, select Go back to return to the previous screen and adjust the policy as needed.