A way to track banked hours
We allow employees to bank overtime hours at the overtime rate and use they for personal time off or vacation if they do not have time accumulated for time off. They can use for vacation, personal or sick days.
I wholeheartedly agree with this.
Where I'm from, it is customary to be able to bank hours from the worked hours field, and convert them to PTO hours for the employee to use later. It's a function we need in order to fully use the system.