New Paid Time Off Leave Policy October 2013 Todays Agenda Why did we review this policy Current Policies Reviewed Vacation Time Personal Time Sick Time Salary Continuation New Policy Changes ID: 565876
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Slide1
Valparaiso University
New
Paid Time Off Leave Policy
October 2013Slide2
Today’s Agenda
Why did we review this policy?
Current Policies Reviewed:
Vacation TimePersonal TimeSick TimeSalary Continuation
New Policy ChangesVacation TimeSick TimeShort-Term DisabilityWhat does this mean for you?FAQ’s
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Why did we review this policy?
Address
employee morale, retention and
recruitmentRemain competitiveSupport the Strategic
PlanGoal 4: VU will undertake concrete actions to deepen student, faculty and staff well-being and sense of appreciation by the University…Goal 3: VU will increase the diversity and the number of backgrounds and perspectives with the faculty, staff and student populations.Goal 6: VU will develop and implement a sustainable business model.
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Paid Time Leave
Staff Concerns regarding paid time off leave
New hires variable leave awards based on start date within fiscal year calendar
Inconsistencies between hourly and salaried paid time off policies (vacation, personal, sick, and salary continuation)
Reward service levels past 15 yearsVacation leave carry-over across fiscal years
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Original Hourly & Salaried Vacation Schedules
Original Hourly Schedule
Original Salaried Schedule
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New Vacation Leave
Align
hourly and salaried paid time off
policies.Reward service levels past 15 years.
For new hires, vacation days awarded based on start month.Vacation carry-over across fiscal year for 90 days.Remain competitive with other employers.Address employee morale, retention, and recruitment.
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New Vacation Schedule
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NOTE:
Awards are based on a 40-hour work week. Hence, the benefit will be pro-rated based on each employee’s number of standard hours.Slide8
New Vacation Leave Highlights
Vacation will be awarded on July 1
st
each year. Employees must work 1 day in new fiscal year to receive vacation days.Vacation carry-over after June 30 may be allowed with supervisor approval.
5 day maximum carry-over.Vacation days that carry-over must be used within 90 days.Vacation days that carry-over will not be paid out at separation.Additional awards to recognize service year milestones at 20 years and 25 years.Personal days no longer exist as separate time off days for hourly staff.
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Original First Year Vacation
Waiting period of 6 months before a new employee is awarded and able to use a vacation day.
Hired on July 1
st, employee has 5 days to use the first fiscal year and then 10 days in the next fiscal year.Hired on July 2
nd, employee has 5 days to use the first fiscal year and then 5 days in the next fiscal year.
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New First Year Vacation Schedule
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NOTES:
Awards are based on a 40-hour work week. Hence, the benefit will be pro-rated based on each employee’s number of standard hours.
For new hires, days will be awarded after successful completion of initial evaluation period.Slide11
New Vacation Leave Highlights for 1st Year
For the first year of hire, vacation days will be awarded pro-rated based on start month.
Vacation days will be available for use after the successful completion of the initial evaluation period.
Any vacation days awarded but not used during the first year of hire will automatically carry-over to the next fiscal year.
The vacation days that carry over should be used as soon as possible, but within 90 days.
Employees with less than one year of service are not eligible to receive payout of unused vacation days at separation.
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Current Sick Leave
Hourly staff receive paid sick and family illness time for periods of personal illness, injury or medical treatment, or illness, injury or medical treatment for an employee’s spouse, parent or child.
Paid sick/family illness benefits are earned each pay period, at the rate of .0231 hour for every regular hour paid.
The accrued benefit is available for the employee’s use as it is earned, up to a maximum of sixty (60) working days.
Current handbook does not address sick time for salaried employees.
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New Sick Leave Policy
All salaried and hourly staff will receive
six (6) sick days
(based on a 40-hour work week) each fiscal year, awarded on July 1st.
Sick time can be used for the employee or immediate family.Sick time can be used in increments of hours and days.Unused sick days cannot be carried across fiscal years.Unused sick days will not be paid out to employees.Transition to new policy:Hourly staff will receive a payout for any accrued, unused sick time over 6 days.Accrued sick pay will be paid out at year end over the next three years, in payments equaling 1/3 of the balance.
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New Short-term Disability
Short-term disability coverage will be available to all salaried and hourly staff.
Replaces
salary continuance (salaried) and accrual of sick days (hourly).
Short-term disability coverage is self-funded by VU.Short-term disability benefitElimination Period: Seven (7) continuous calendar daysBenefit % (of standard pay), based on continuous calendar days off:Day 1 – 7: 0%Day 8 – 31: 100%Day 32 – 182 (26 weeks): 60%
Weekly Short-term Disability Benefit Maximum: $1,200
Maximum Benefit Period: 26 weeks
All current benefits eligible to active employees will continue during short-term disability leave.
Vacation and sick days can be used during short-term disability leave to supplement pay to get an employee up to, but not to exceed, 100% pay.
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Next Steps
Policy retroactive 7/1/2013.
Communication to all Hourly and Salaried staff.
Tracking required.
Training required.
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Questions
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