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vacation
Benefits & Compensation
vacation
Exchange ideas about health plans, retirement, work/life benefits, and employee assistance.
We are starting to our vacation policy to run 1/1 - 12/31. I need advice on how to convert existing employees time and also how calculate new employees vacation time.
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Forums » Topic Forums » Benefits & Compensation » vacation
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vacation
posted at 10/25/2000 5:42 AM EDT
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Posts: 17
First: 10/7/2000 Last: 7/6/2004 |
Our company is in the same transition. We had previously been on an anniversary year basis and it just became unmanagable. In order to complete the transition to calendar year - we had to calculate the amount of time the ee's had for 2000 that had to be used by 12/31. The calculation goes something like this.... total amount of time accrued thru anniversary ending date in 2001 - divided by twelve months - times number of months from anniversary beginning date thru 12/31 - less any days already taken.
Example: hire date 07/01/2000 1 week (40 hours) due / 12 months = 3.33 hours per month 6 months to 12/31 x 3.33 = 19.99 hours rounded to 20 hours |
Forums » Topic Forums » Benefits & Compensation » vacation
