Time Precision is used to calculate time events in the system. It determines the incremental period that is used to calculate how time is rounded, paid, offset, and applied.
The Time Precision is defined in the Rounding Policy form.
The default value for Workforce AutoTime is TENTH of an HOUR.
MINUTE
Time events are calculated to a minute.
1 unit = 1 minute
TENTH
Time events are calculated to 1/10th of an hour.
1 unit = 6 minutes
Note: this is the default value in the Workforce AutoTime application.
HUNDREDTH
Time events are calculated to 1/100 of an hour.
1 unit = .6 minutes