Vacation

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Hourly Pro-rate Formula If the employee is entitled to a partial pay period, use the following formula to prorate the <strong>Vacation</strong> and Sick Leave balances. Formula: Actual # of hours worked in the pay period ÷ by total # of hours in the pay period X accrual rate = time accrued for that pay period Example: Betty Brown is full time, accrues 5.54 hrs vacation per pay period. Betty’s termination date is on the 20 th , the 7 th day of the 10 day pay period. <strong>Vacation</strong>: 48 ÷ 80 = 0. 6 x 5.54 = 3.32 hrs partial accrual
Monthly Accrual Rates VACATION Less than 5 years ACCRUAL RATE 10.00 hours per month 5 – 10 years 12.0 hours per month 10 years plus 14.0 hours per month SICK 8.0 hours per month (includes academic contract employees) 9 month academic faculty do not accrue vacation hours
Page 1 and 2: Managing Personnel Transactions Upd
Page 3 and 4: What are “Personnel Transactions
Page 5 and 6: gtID# requested and assigned Person
Page 7 and 8: Search for GT ID# BEFORE requesting
Page 9 and 10: Personal Data Form •All new emplo
Page 11 and 12: Let’s REVIEW: Required Fields •
Page 13 and 14: Fields that require additional info
Page 15 and 16: Department’s Responsibilities •
Page 17 and 18: Employee’s Responsibilities • G
Page 19 and 20: PAYROLL - review policies Effectiv
Page 21 and 22: Students - Special Rules • Always
Page 23 and 24: Vacation Payout Policy: Employees w
Page 25: Biweekly Accrual Rates (Standard ye
Page 29 and 30: Monthly Vacation Payout for Employe
Page 31 and 32: Vacation Payout Calculators Navigat
Page 33 and 34: PSF Activity • Prepare a PSF hiri

Vacation

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