This used to be a feature, but then was removed for some unknown reason. Luckily I followed this post at user voice, as the new features list doesn’t list this as being a new feature.
This has troublesome if you get high speed footage not in the format you want, or if you want to do proxies with footage that is higher than 60FPS.
For new features it lists Notification on Encoding or Queue Completion, Computer Shutdown on Queue Encoding Finish and Support for Red V-Raptor camera.