How do I set up the last leave rate level?
The last leave rate level refers to the highest level of leave accrual that an employee can reach based on their length of service, position, or other factors. Once an employee reaches the last leave rate level, they typically do not accrue any additional leave beyond that point.
For example, a company might have a leave rate policy that allows employees to accrue vacation time based on their years of service, with increasing accrual rates for each year of service. The last leave rate level would be the accrual rate that applies once an employee has reached the maximum number of years of service specified in the policy.
The last leave rate level is important for employers to define in their leave policies to ensure that employees are aware of the maximum amount of leave they can accrue and to prevent excessive leave accruals. It helps employers manage their leave liabilities and ensures that employees are treated fairly and consistently.
Always set the length on the last leave rate level to 9999 months. The 9999 tells the application that this is the last level.
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