Determining Retirement Eligibility

The Retirement Eligibility feature is unique in that it uses a calculated field value to add a flag to your Matrix Grid Reports for those employees who are eligible for retirement. It uses the date of birth and hire date in the data model for the calculation, so both of those standard elements must be defined and used for the calculation to work.

To configure Retirement Eligibility for your Matrix Grid Reports:

1. To navigate to Matrix Grid Reports: Retirement Eligibility Settings, use Action Search.
2. Enter the Age at which you want to flag employees for retirement.
3. Select if you want the calculation to be made using Age OR Tenure, or Age AND Tenure.
4. Enter the Tenure in number of years the employee has been with the organization.
5. Choose Save.

For example, if you set the age year to 58, the tenure year to 30, and set the operator to OR, then any employees who are at least 58 years old or have been with the company for at least 30 years are flagged as eligible to retire.

Once you’ve set the application up to calculate Retirement Eligibility, you can assign an icon to be shown if an employee is eligible to retire. Details for adding the Retirement icon are included in the Configuring Icons in the Admin Center lesson.

The key learning points of this lesson are:

• Retirement Eligibility feature uses calculated values based on date of birth and hire date to flag employees eligible for retirement in Matrix Grid Reports.
• Navigate to "Retirement Eligibility Settings" via Action Search, define the age, tenure, and operator (Age OR Tenure, Age AND Tenure), and save settings for flagging eligible employees.
• Configure and assign a Retirement Eligibility icon to display on Matrix Grid Reports, with instructions available in the "Configuring Icons" section of the Admin Center.