HOLIDAYS AND PAID TIME OFF

Versiti’s Holiday Pay policy provides paid holidays to employees while at the same time allowing the individual affiliates to remain open to satisfy the customer demand. There are a total of six (6) paid holidays per year. Full-time employees will receive 8 hours pay, part- time employees will receive 4 hours pay.

 

The Holidays that will be observed are:

〉 New Year’s Day

〉 4th of July

〉 Thanksgiving Day

〉 Memorial Day

〉 Labor Day

〉 Christmas Day

 

Versiti believes that balancing work and non-work activities is essential to maintaining work life balance and overall wellbeing. Taking time off results in quality performance and a positive work environment.  Versiti understands these needs and strives to support our employees by providing Paid Time Off.

 

Full and part time employees earn PTO based on length of service and hours worked. You may use hours from your PTO bank to receive pay during time away from work due to vacation, personal time or illness.  

 

For more information, access the Versiti Hourly PTO Policy and Salaried PTO Policy in the Versiti Beacon>Human Resources Department>Paid Time Off.

 

Note: eligible employees receive holiday benefits and begin accruing PTO upon hire.

 

 

〉 Accrual begins Date of Hire

〉 Accrual based on hours paid, up to 80 hours per pay period

〉 Example of full-time accruals:

    • You work 80 hours per pay period (bi-weekly) = 80 * .06923 = 5.54 hours

〉 Year-end carryover is limited to 40 hours

〉 PTO in excess of 40 hours is forfeited at the end of the calendar year

 

 

〉 PTO allowance for the calendar year is granted as of date of hire and January 1 each year, and is available to use immediately. This is considered an advance and the balance will be earned using accruals through the year.

〉 Accrual begins Date of Hire and is based on job, years of service, and scheduled hours

〉 Example of full and part-time accruals:

    • Scheduled hours are 36-40 hours weekly = 18 days PTO, which is earned at 2.77 hours per week
    • Scheduled hours are 30-35.99 hours weekly = 15 days PTO, which is earned at 2.31 hours per week
    • Scheduled hours are 20-29.99 hours weekly = 9 days PTO, which is earned at 1.39 hours per week

〉 Any accrued PTO not used by the end of the calendar year will be forfeited