Free Upgrade for Employee PTO Calculator & Vacation Tracker

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PTO Calculator and Vacation Tracker - Excel Template - Free download

I am very glad to announce that an upgraded version of Employee PTO Calculator is now available. There were several requests from users for new features to make the template meet the requirements of businesses. I am pleased to say that I have incorporated those requests in this new version.

PTO Calculator and Vacation Tracker - Excel Template - Free download
PTO Calculator and Vacation Tracker – Excel Template – Free download

 

FREE DOWNLOAD

The template page has been updated with new documentation and demo video. You can download the free template from there.

 

ENHANCEMENTS TO PTO CALCULATOR

The following are the key enhancements made

Accrual frequency or period has been expanded to 6 options: Weekly, Every 2 Weeks, Twice a month, Monthly, Quarterly and Annual

PTO Accrual Period Options - Weekly, Every 2 Weeks, Monthly, Twice a Month, Quarterly and Annual
PTO Accrual Period Options – Weekly, Every 2 Weeks, Monthly, Twice a Month, Quarterly and Annual

 

Inputs section is updated and looks like below.

Employee PTO Calculator - Upgraded - Inputs section
Employee PTO Calculator – Upgraded – Inputs section

 

Can handle probationary period where accrual does not happen

If an employee will not be eligible for PTO accrual when he or she begins employment for a certain number of days, the template can handle that now. Just enter the number of days in the Probationary period and no PTO will accrue during that window.

 

Prorating PTO

The template automatically applies Prorating of PTO when employee joins in middle of accrual period. Similarly when work anniversaries happen in middle of an accrual period, the template will automatically apply prorating if accrual rates change by tenure.

 

Custom Adjustments

If you would like to add or remove PTO, outside the PTO policy settings you have entered, then you can use the Adjustment table. This allows you to add to PTO balance (enter positive value) or reduce from PTO balance (enter negative value).

Make positive and negative adjustments to PTO Balance easily
Make positive and negative adjustments to PTO Balance easily

An example would be an employee who has been with the company for a few years. You were using some system to track the PTO balance and now you want to migrate to this template. You don’t have to enter all the vacation dates from the past. You can just enter the adjustment amount to bring the current balance to the correct amount. Once it is synced, you can then continue to enter future PTO dates.

 

Maximum PTO Balance can be set by tenure

Employee Vacation Accrual - Annual Rate increased by Tenure
Employee Vacation Accrual – Annual Rate increased by Tenure

In addition to setting varying PTO accrual rate by tenure, now, you can set varying Maximum PTO Balance by tenure.

 

Date ranges for PTO dates

Enter Vacation dates in PTO Calculator - Enter range of dates and hours for each day
Enter Vacation dates in PTO Calculator – Enter range of dates and hours for each day

 

We can enter date ranges to enter multi-day vacation. However, if it is a single day vacation, please enter both start and date as the same date.  In the above example, 3 hours of PTO for each of the 3 days (June 2, June 3 and June 4) – in total 9 hours – will be subtracted from the PTO balance. 2 hours will be subtracted on 5th July.

 

Extended Tenure

The template can now handle employee tenure period of 20 years. The hidden sheet CAL can be used to extend this even further if needed.

 

Improved Ouput

Now, you can review the PTO policy and the details of the first accrual window clearly.

Weekly PTO Accrual Example - Review Policy
Weekly PTO Accrual Example – Review Policy

 

Current PTO Balance and PTO Balance trend are also available.

Current PTO Balance shown by default and PTO Balance shown from Hire Date
Current PTO Balance shown by default and PTO Balance shown from Hire Date

 

Read and Download PTO Calculator

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