Tag Archives: vacation pay

How to avoid pitfalls in vacation policies and practices

Three weeks’ vacation at 6%. Sounds easy doesn’t it. However, vacation policies are complex and unless you pay careful attention, it’s easy to stumble. Here’s how to avoid the major pitfalls. Employers often promise employees so many weeks of paid … Continue reading

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What are Vacation Time and Pay Best Practices?

Payroll best practices are about reducing administrative burden, while at the same time increasing accuracy and compliance. Since there are such wide variances in vacation practices, it’s worth trying to shed some light on how these practices may be improved. … Continue reading

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Vacations and Overtime

Vacations and Overtime Here’s a quick test of your payroll knowledge – Jake takes Monday as a vacation day. For that day, the employer pays Jake 8 hours at his regular hourly rate. During the remainder of the week, Jake … Continue reading

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What HR needs to know about EI

Payroll primarily experiences Employment Insurance as a series of source deduction and reporting requirements. However, EI is also an employee benefit plan, in much the same way that WCB coverage and employer-sponsored disability plans are other types of employee benefit … Continue reading

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The 4 Ways Vacations Are Commonly Paid

Vacation pay is one of those areas in payroll where there are great variations between employers. These include variations in the vacation pay rate, the number of vacation weeks provided, the earnings on which vacation pay is accrued and when … Continue reading

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