Employees in a company accrue 5 hours of benefits per pay period, which is every two weeks (biweekly). However, to accumulate the correct 26 pay periods in a year, they get paid on every other week. In case of a semi-monthly pay period (twice a month), there are 24 pay periods and employees get paid on the 15th and 30th of each month.
Follow the steps given below to create a benefit for a biweekly (two weeks) pay period:
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In BQE CORE, create the relevant benefit in the Benefits list with the benefit period as two weeks.
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Set the benefits earning rule as: Employee earns 2.50 hours per week for 0 - 2 weeks. This means the employee earns 2.50 hours of benefit per week or 5 hours every two weeks. (In case of semi-monthly, the benefits earning rule can be: Employee earns 2.50 hours per week for 0 – 2.17 weeks or Employee earns 10 hours per month for 0 – 4.00 months.)
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The next step is to assign the benefit to the qualifying employees in the Employees > Human Resources screen.
For the first pay period starting January 1 to January 14, 2024, the employee earns 5 hours of benefits.
Second pay period starting January 14 to January 28, 2024, the employee earns 10 hours of benefits.
Likewise, it will work for the rest of the weeks:
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3rd pay period, 15 hours
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4th pay period, 20 hours
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5th pay period, 25 hours
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6th pay period, 30 hours
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7th pay period, 35 hours
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8th pay period, which is up to April 21, 2024, employee will earn 40 hours