Shift Trade Types
Shift trade types available in the application include one-way shift trade, reverse shift trade, and two-way shift trade.
- A one way shift trade allows users to initiate one-way shift trades using two one-way trade type work codes independent of each other which could result in a payback if the second transaction is not submitted at the same time. One-way trades do not enforce a payback.
- A reverse shift trade policy requires the person covering the shift to enter both one-way trades; the request for time-on and the request for time-off on behalf of the person needing the time-off. Because the trades are added independent of each other a reverse shift trade does not enforce a payback, however, can minimize the number of paybacks.
- A two-way shift trade allows users to initiate a two-way shift
trade in one transaction resulting in no payback because the initiating
trade and payback trade are submitted at the same time, both sides
of the trade are created at one time with four work codes linked
together. Additionally, two-way trade work code configuration settings
can be set to control and enforce the trading block period if desired;
for instance, payback... by pay period, number of days, or within
a specified time limit using Dynamic Date conditions.
Most shift trade policies follow the one-way shift trade configuration. A reverse shift trade is generally implemented when driven by policy, current practice, or a way to minimize employee paybacks. Two-way shift trades are typically used when organizations do not allow paybacks, or they want to ensure both sides of the trades are submitted at the same time and enforce a trading block.
Additionally, Trade Acknowledgment and Trade Cancellation workflows and notifications can be configured to further control shift trade workflows, cancellations, and acknowledgment; the latter allows users to accept or reject a trade before the trade moves to the approval level or can be automatically approved if the trade meets applicable business rules, or the trade is submitted as confirmed but requires further approval.