Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the correct “Effective Date”?

effective date
0
Posted

What is the correct “Effective Date”?

0

• Answer: The “Effective Date” is essentially the start date for an action. HRMS functions around Effective Dating, rather than start and stop dates. An employee action will have an Effective Date, and be open-ended, and only changed when a new eDoc with a new Effective Date is entered to change the employees status. • The Effective Date is the first date in a new status: the first day at work; the first day no longer employed, the first day back at work after a leave. • Employee attributes, such as titles and contracts, do have stop dates. • 10 month appointments will now have an effective date of 8/1/XX, and the end of the academic year will be considered to be 5/31/XX. This means that 10 month faculty will now be paid in ten equal installments on the regular first of the month pay dates. • Student academics will have a semester contract end date of 5/12/XX, or 12/12/XX, and will receive a mid-month final check.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123