How does time banking work?

Users can be allowed to bank overtime hours instead of being paid for those hours. Banked time is accumulated against the Time Off in Lieu time off type. Time banking can be defined on a per user basis, since banking is set up in users' overtime rules and permissions.

There are three possible ways for you to set up time banking for your employees:

• Automatic banking

You select overtime hours in the user's overtime rule to be automatically banked. For example, you could specify that anything over 8 hours the user works each day is automatically banked at 1.5x their normal rate.

• User banking

For each timesheet, the user can choose to bank either all of their overtime or none of it. You don't select any hours for banking in their overtime rule.

• Automatic + User banking

Like automatic banking, you select overtime hours in the user's overtime rule to be automatically banked. However, in this case, for each timesheet the user can choose to bank all overtime hours, or just the hours you selected.

For more information on setting up time banking in Replicon, refer to Allowing Users to Bank Time in the online help.