Compt: How to Configure New Hire Eligibility Settings - Admins
New hire eligibility settings determine when employees become eligible to receive stipend funding after their hire date. Admins can configure these rules in Company Settings to control whether stipends begin immediately, at the start of the next month or quarter, or after a set number of days.
These settings help companies align stipend eligibility with internal policies, onboarding timelines, or payroll cycles. Once configured, the rule automatically applies to newly added employees in Compt.
OVERVIEW
Compt allows Admins to control when newly hired employees become eligible for stipend funding. This is managed through the Funding Eligibility Settings in Company Settings.
Admins can choose from several eligibility options, such as:
• Funding starting immediately
• Funding starting the following month or quarter
• Funding starting after a specific number of days
• Funding based on the number of days remaining in the current month
These settings apply to recurring stipends unless a specific stipend has its own eligibility buffer configured.
WHEN TO USE
Use this setting when you want to:
• Delay stipend access until a new hire has been employed for a certain period
• Align stipend funding with the start of a new month or quarter
• Prevent partial-month stipend usage for employees who start late in the month
• Standardize eligibility rules for all new hires
BEFORE YOU START
Before configuring eligibility settings, confirm:
• You have Admin access in Compt
• You understand your company's stipend eligibility policy for new hires
• You know whether any individual stipends have custom eligibility buffers
Note: Individual recurring stipends can override the global eligibility setting.
HOW TO
- Log into Compt.
- Click the Company Settings tab.
-
Locate the Funding Eligibility Settings section.
- Click Edit.
-
Select the eligibility rule you want to apply to new hires.
Available options include:
Monthly (1st of month)
New hires become eligible on the first day of the following month after their hire date.
Example:
If an employee is hired on June 15, their stipend eligibility begins July 1.
Quarterly (1st of quarter)
New hires become eligible on the first day of the next calendar quarter.
Example:
If an employee is hired on August 3, their stipend eligibility begins October 1.
Minimum Days Left in Month
This setting defines a cutoff based on how many days remain in the current month.
If a new hire starts before the cutoff, they receive stipend eligibility immediately.
If they start after the cutoff, their eligibility begins on the first day of the next month.
Example:
If the cutoff is 15 days remaining in the month:
• Employees hired June 1–June 15 receive stipends immediately
• Employees hired June 16–June 30 receive stipends on July 1
Immediately Upon Hire
All new hires receive stipend eligibility on their hire date.
Example:
If an employee is hired on June 15, their stipend eligibility begins June 15.
Number of Days From Hire Date
This option delays eligibility by a fixed number of days after the hire date.
Example:
If eligibility is set to 30 days, an employee hired on June 1 becomes eligible on July 1.
- Save your changes.
The selected rule will apply to all new hires moving forward.
WHAT HAPPENS NEXT
Once saved:
• New employees added to Compt will follow the configured eligibility rule
• Stipend balances will become available once the eligibility date is reached
• Existing employees are not affected by changes to this setting
If a stipend has a custom eligibility buffer, that rule overrides the global company setting.
New Hire stipends are always granted immediately on the employee's hire date, regardless of the global eligibility rule.
TROUBLESHOOTING
A new hire received stipend access earlier than expected
Check whether the stipend has a custom eligibility buffer configured or if the stipend is a New Hire stipend, which is always granted immediately on the hire date.
A new hire does not see their stipend
Confirm:
• The employee has been added to Compt
• Their hire date is correct
• Their eligibility date has passed
• The stipend is assigned to the employee
FAQS
Q: Do these settings apply to all stipends?
A: These settings apply to recurring stipends using the global eligibility rule. Individual stipends may have custom buffer settings that override the company rule.
Q: Do these settings apply to New Hire stipends?
A: No. New Hire stipends are a one-time stipend type and are always granted on the employee's hire date.
Q: Do eligibility changes affect existing employees?
A: No. Changes only apply to new hires added after the update.
Q: Can different stipends have different eligibility delays?
A: Yes. Recurring stipends can be configured with their own buffer timing, which takes precedence over the global setting.