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Sep07

Calculating leave for various anniversary levels

Leave accrual breakdown is as follows:90 days-2 yrs = 2 weeks (80 Hrs)
3 yrs-7yrs = 3 weeks (120)
8-15 = 4 weeks (160)
16 yrs or more = 5 weeks (200)
If hire date is May 1, 1997, when would you be awarded the 16 year increase?

The answer depends on how the policy is written and when the vacation time is granted each year. If the policy states, the first of the year in which the anniversary falls, it would be January 1, 2013. If the policy reads, on the anniversary date in your 16th year of service then it would be May 1, 2013. Or it can be the first of the fiscal or annual year following the anniversary date.

It can also depend on if vacation time is accruing per pay period, then it would probably be the first pay period the accrual changes to 5 weeks.

The answer is dependent on the policy, if vacation is granted on a annual year or fiscal year, and what accrual system is used.

This entry was posted on Friday, September 7th, 2012 at 1:46 pm and is filed under
Human Resources Management.
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