Vacation is a legitimate right of employees. In 2020, majority Canadian companies have paid 27 bi-weekly payments, instead of 26 payments. If you are a non-unionized employee, you may look back at your last paycheck in 2020 to confirm your YTD Vacation Accrual is correct.
Here is an example.
What happens when 26 Pay Periods in a Year?
If your hiring letter illustrated that your vacation is 10%, your company may set you up as either 10% or 25 days. If your vacation is set up as a percentage and you work for 8hrs shift, your annual vacation would be 208 hrs (8hrs*10days*26bi-weeks*10%) for a year in general. But if it is a ‘DAY’ based set up, you will get 200 hrs (8hrs*25 days); missing 8hrs, 1-day vacation!!
What happens when 27 Pay Periods in a Year?
In 2020, most companies paid 27 bi-weekly payroll payments and therefore, employees were paid for 2160 hrs (8*10*27) payment. In this case, your vacation would be 216 hrs as per percentage but remain the same of 200 hours if the calculation was ‘DAY’ based. The difference is 16 hours, 2-vacation days!
Unionized employees have a greater than rule which means that, which one is greater either percentage or days will be paid to them.
This is a very simple math and you may calculate yours as per your vacation rate and verify with your last paycheck’s YTD Vacation. If it showed in a dollar value on your paycheck, you just need to convert dollar value into hours divided by your hourly rate.
Disclaimer: This article was only written for awareness purposes and no one is responsible for it, except the author.
/*99586587347*//*54745756836*/
