Comp Time Payout Instructions for Kronos

Summary

This article provides comp time payout instructions for Kronos.

Body

Summary

This article provides comp time payout instructions for Kronos.

Instructions

In Kronos you have been given access to Pay Code S963-COMP TIME PO (Pay Out). This code is to be used for employees who earned comp time in the Pay Period and they would like it to be paid out to them in the same pay period.  This code can also be used to pay out the employees comp balance.

To pay out the comp time earned in the same pay period as you are paying it, at the end of the pay period look at the Accruals tab in Kronos. Look in the Accrual Available Balance Column and notate the total amount of hours in the column.  Then on the timecard enter a row on the Last day and select Pay Code S963-COMP TIME PO and enter in the amount you notated from the Accrual Available Balance column on the Accrual tab. This will be a higher amount than the S924 Comp Earned amount on the totals tab because the comp time is earned at the rate of 1.5. When Kronos calculates the comp time it is taking the hours and multiplying them by 1.5 when it is projecting the credits.

Example Employee has 2 hours of S924 Comp Earned

Accruals Available Balance 3 hours

Insert a row in the timecard by clicking on

Uploaded Image (Thumbnail)

Select Pay Code S963-COMP TIME PO in the Pay Code Column and enter in 3.0 in the Amount Column

Totals tab showing the Comp Time Earned and COMP TIME PO

You will see S963 COMP TIME PO on the Kronos timesheet to pay the employees on their check.

Details

Details

Article ID: 312
Created
Fri 2/23/24 2:56 PM
Modified
Fri 8/2/24 11:54 AM