The time bank balance of an employee is segmented in 3 statuses:
Current
Approved
Available
Taken
A) Current (the “checking account”)
The current balance in the amount currently in their bank. This does not consider any future planned time off, which brings us to the next point!
B) Pending (the « credit card » balance to be paid)
The number of hours that are scheduled in the future but not yet actually taken and visible in the time sheets.
Available (the checking account minus the credit card)
This is the net value of the current value - the pending value. So the number of hours that can still be assigned considering what will be assigned in the future.
Example: An employee was given 80 hours in their "Holiday" time bank and already has 24 hours of time off assigned in the schedule in two weeks. We then obtain a distribution like so:
Before their time off
Current balance: 80h
Pending balance: 24h
Available balance: 56h
And once the time off passed
Current balance: 56h
Pending balance: 0h
Available balance: 56h