Time Banks

Time Banks are a great way to track leave entitlements, comp time, and retirement allowances, all within the context of your ISE schedules. A Time Bank operates like a bank account except that instead of money, employee hours are deposited or credited and withdrawn or debited. When a leave is scheduled the hours are automatically debited from one or more Time Banks. Credits can be made automatically via Accruals or user-entered for bonuses and adjustments. Precision is maintained to an accuracy of one millisecond with no rounding error. Reports, both detailed and summary, by employee and by Time Bank, are included.

Overdrawn Alerts

Each Time Bank can be configured to alert the scheduler if a debit will cause the balance to be overdrawn. Depending on the configuration the alert can either be a warning or a prevention of the debit. The balance calculation is made not just for the debit date but forward into the future as well. This checks for cases where the Time Bank is not overdrawn on the debit date but will be at some future date as a result of the debit.

Personalized Reporting

Each employee can easily do their own personalized Time Bank reporting over any date range, past or future via the ISE Employee Self-Serve Module. Reports can be viewed and printed from any web browser. Requests for vacation and comp time can now be made with the employee fully informed of their available balances.

Powerful Accruals Engine

The Time Bank Accruals engine is specifically designed for the needs of law enforcement agencies. Unlimited accrual rules can be created for rank, seniority, skill set acquisition, and to handle special cases. These rules can then be applied concurrently to each employee with a detailed historical trail. When a specific entitlement amount needs to change, only a simple addition to the accrual rule is required. All employees affected by that rule are then automatically updated with the new amount.

Interoperability

Leave balances determined outside of your ISE system can be imported directly into ISE Time Banks. At the end of each pay period, ISE will synchronize all employee Time Bank balances with your payroll and human resource management systems. This means that not only can your employees accurately determine their current leave status but they can also confidently project future balances as well. This can greatly assist in planning vacations and when to take banked comp time.