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

From
Kathryn Nester <knester@thekey.com>
To
Timothy Thomas <tt@thekey.com>
CC
Irin Eva <irin.eva@thekey.com>, Timon Page <timon.page@thekey.com>, Germaine Daniels <germaine.daniels@thekey.com>
Date
ue, 17 Dec 2024 09
Folder
INBOX
--000000000000d570dc0629785167 Content-Type: multipart/alternative; boundary="000000000000d570db0629785166" --000000000000d570db0629785166 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Tim, I understand your thought process here but I don't think this is something 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 taken 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 days 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 wrot= e: > 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 pa= y > 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 wr= ote: > >> Hi Timothy, >> >> Our current vacation Pay will accrue based on a percentage of gross wage= s >> 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 $50= 00 >> 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 w= rote: >> >>> 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 provin= ces >>> where your team members are employed. >>> Table Legend >>> >>> Y =3D Included in Vacationable Earnings >>> >>> N =3D Not Included in Vacationable Earnings >>> Type BCABSKMBONNBPENSNLYTNTNU >>> Bonus Discretionary N N N N N N N N N N N N >>> Bonus Work-related Y Y Y Y Y Y Y Y Y Y Y Y >>> Car Allowance N N N N N N N N N N N N >>> Cell Phone Allowance N N N N N N N N N N N N >>> Commission Y Y Y Y Y Y Y Y Y

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