Re: Canada Corp Vacation days paid out and Carry Over for 2024

From
Germaine Daniels <germaine.daniels@thekey.com>
To
Kathryn Nester <knester@thekey.com>
CC
Timothy Thomas <tt@thekey.com>, Irin Eva <irin.eva@thekey.com>, Timon Page <timon.page@thekey.com>
Date
2024-12-17 07:24:57
Folder
INBOX
--00000000000007160d062978e714 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Kathryn, Thanks for providing guidance from a HR prospective. Germaine DanielsPayroll Director germaine.daniels@thekey.com Phone: 562-380-3662 TheKey.com On Tue, Dec 17, 2024 at 6:43=E2=80=AFAM Kathryn Nester = wrote: > Hi Tim, > > I understand your thought process here but I don't think this is somethin= g > we can subject to 10 days or 15 days as they are entitled by law to a > percentage of their earnings. What you can limit is when vacation is take= n > so if there are certain times of year that are more likely to cause > hardship on the business or team if a team member were to be off you can > blackout those dates (within reason). > > If their earnings go up even temporarily so will vacation. If they have > carried any of the 5 days over there will also be more than the 15 days > available to them. The same thing goes though that if Tyler say had 5 day= s > of vacation accrued and all the sudden got a raise, that might go down > (initially) to say 3 or 4 days available to her because she wouldn't yet > have accrued days equal to her new pay rate so it works the other way > around too. > > The HRBP team will also be looking at the vacation policy this week as it > does not currently include 10 years of service and needs to be adjusted. > > Thanks, > Kathryn > > On Tue, Dec 17, 2024 at 8:59=E2=80=AFAM Timothy Thomas wr= ote: > Thank you Irin. I understand the accrual process. >> >> My point was that are we required in your scenario to give the employee >> 16.4 days off, or can we still limit them to 15 days and carry over or p= ay >> out the remainder. As you can imagine, additional time off puts a strain= on >> the business. >> >> Thanks! >> >> On Mon, Dec 16, 2024 at 6:38=E2=80=AFPM Irin Eva w= rote: >> > Hi Timothy, >>> >>> Our current vacation Pay will accrue based on a percentage of gross >>> wages excluding discretionary bonuses. >>> >>> For example, >>> >>> Employee Name : John >>> Yearly Salary: $75000 >>> Hourly Rate: $36.05 >>> Vacation Percentage : 6% >>> Yearly Vacation Days:[ {(75,000 * 6%) / 36.05} /8 )] =3D 15.6 Days >>> John has On Call, Non-discretionary Bonus, Overtime etc earnings =3D $5= 000 >>> Totals Gross Earning are =3D (75000+5000) =3D80000 >>> Yearly Vacation Days =3D [ {(80,000 * 6%) / 36.05} /8 )] =3D 16.4 Days >>> >>> Thanks, >>> Irin >>> >>> On Mon, Dec 16, 2024 at 6:08=E2=80=AFPM Irin Eva = wrote: >>> >> Hi Timothy, >>>> >>>> Please see the below Canada Vacationable earnings by Province: >>>> >>>> Vacationable Earnings per Province >>>> >>>> To help, we've compiled this list to help you quickly and easily >>>> understand which income types are "Vacationable Earnings" in the provi= nces >>>> where your team members are employed. >>>> Table Legend >>>> >>>> Y =3D Included in Vacationable Earnings >>>> >>>> N =3D Not Included in Vacationable Earnings >>>> Type BCABSKMBONNBPENSNLYTNTNU >>>> Bonus Disc

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