The Time Off feature helps you manage everything related to employee leave in a way that is accessible and transparent to employees and managers. When creating Limited Time Off Policies - meaning policies where the amount of time off employees receive or accrue each year is limited, the accrual settings can be Fixed or Hourly. These settings need to be set when creating the policy. Let's go over the differences below.

With limited fixed policies, the employee accrues a fixed number of days per year. For example, the employee might accrue 80 hours per year. 

With limited hourly policies, the employee accrues time off based on the number of hours worked. For example, for every 40 hours of work, they might accrue 8 hours, and I set the beginning of the year to be custom and to be in May 15th.