Vacation Days
cwells
43 Posts
We are in the process of updating our vacation policy and I would like to know how ours compares to others. Currently, we have the following schedule:
After 6 months - 5 days
After 1 year - 10 days
After 3 years - 15 days
After 10 years - 20 days
After 15 years - 25 days
After 6 months - 5 days
After 1 year - 10 days
After 3 years - 15 days
After 10 years - 20 days
After 15 years - 25 days
Comments
After 3 years - 12 days
After 4 years - 13 days
After 5 years - 15 days
After 15 years - 20 days
After 2 years - 10 days and 1 personal day
After 5 years - 15 days and 1 personal day
two things though:
1. can leave be rolled over from year to year?
2. do they get the leave on the first of the year?
if so, if they terminate on the second day of the year you must pay them for all the days on the books. Otherwise, they would accrue so much each month and you would only have to pay out what they have accrued.
3. is there a maximum payout of leave when they terminate?
You should state all this up front.
At time of hire: 19 days
After 5 years: 24 days
After 10 years: 29 days
Exempt:
At time of hire: 24 days
After 5 years: 29 days
New hires receive a pro-rated amount of PTO based on when they join.....I'm lucky - we're extremely generous!
1 1/2 days per month for 3+
We give 2 personal days per year and the EEs birthday on top of the above.
I ran into the issue of payout of accrued vacation upon termination recently. I had always heard you had to pay out but did the research through the DOL and found out that it is not covered under FLSA and you do not have to pay out accrued vacation in every state. Check your state DOL on that.
After 1 year 1 week is awarded on the anniversary date.
After 3 years 2 weeks are awarded.
After 9 years 3 weeks are awarded.
All employees may either take their vacation or sell back after it has been awarded.
Certain Managers are awarded a 4th compensatory week off after he/she has used all other vacation time, he/she may request an additional week off for rest and recuperation. These managers typically spend 50 to 60 hours a week in the position rendering leadership and direct supervisory guidance in the daily task of production activities. All other EXEMPT managers are afforded the same opportunity; all they have to do is step up and become a production manager, with all the extra hours and physical/mental stress that goes with the position, "where the S _ _ T hits the floor. No one I know in this organization has ever taken that opportunity to change vocations and earn the additional week of "time off".
PORK
3. How much vacation time do your employees get in their second year of employment?
10.3% 1 week per year
78.5% 2 weeks
9.1% 3 weeks
1.3% 4 weeks or more
0.8% None
4. How much vacation time do your employees get after 10 years of service?
0.5% 1 week per year
5.6% 2 weeks
57.0% 3 weeks
36.2% 4 weeks or more
0.7% None
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[url]http://www.hrhero.com/lc/[/url]
For the record, our company has PTO that accrues every two weeks:
0-4 years: 15 days per year
after 5 years: 18 days
after 10 years: 21 days
after 15 years: 24 days
James Sokolowski
HRhero.com
0-1 year 11 days
At 1 yr. pt. 16 days
At 5 yr. pt. 21 days
10+ years 26 days
Less than 40 hours is prorated out.
*Sr. Managers receive an additional five days a year. We can also carry over 45 days annually.